Zhishang Exchange will launch XRP futures
2025-04-24 13:31
Odaily Planet Daily News: According to market sources, CME will launch Ripple futures to expand its portfolio of cryptocurrency derivatives products.
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More >Today 2025-05-16
01:18
South Korean woman sentenced to two years in prison for stealing $500000 worth of cryptocurrency from her boyfriend
According to Money Today, a South Korean woman in her 40s has been sentenced to two years in prison by the Jeju District Court for secretly transferring her boyfriend's cryptocurrency worth 700 million Korean won (500000 US dollars) to her name. In January of this year, she transferred the funds without her boyfriend's knowledge, and the court found her guilty of fraud.
01:15
Bahrain listed catering group AlAbraaj launches Bitcoin reserve strategy, has purchased 5 BTC
According to Cointelegraph, Bahrain listed catering group AlAbraaj announced that it has launched a Bitcoin reserve strategy through a partnership with investment firm 10X Capital and has purchased 5 BTC as an initial investment. The company has a market value of $24.2 million and a 2024 EBITDA of $12.5 million. It plans to primarily allocate its corporate funds to Bitcoin and develop financial products that comply with Islamic law to expand into the Middle East market. Abdullah Isa, the head of the company's Bitcoin committee, stated that the goal is to become the "MicroStrategy of the Middle East" and cited Michael Saylor's operating model as a reference. The CEO of 10X Capital pointed out that this move fills the gap in the lack of Bitcoin reserve listed companies in the Gulf Cooperation Council (with a total GDP of $2.2 trillion).
01:13
US prosecutors will continue to file charges against Tornado Cash and withdraw some of the charges
According to BlockBeats, on May 16th, US prosecutors will continue to charge Roman Storm, co-founder of Tornado Cash, but have decided not to consider some of the charges related to operating an unlicensed remittance business. According to a court document, the United States Attorney's Office for the Southern District of New York stated on Thursday that they will not advance some of Storm's charges before the trial on July 14th, but said they plan to advance money laundering related charges, some of which are related to unlicensed remittances, and one charge is related to conspiring to violate the International Emergency Economic Powers Act. The US Department of Justice stated that it plans to investigate cases involving criminal activities such as causing harm to investors or using cryptocurrency for terrorism, hacker attacks, etc. This also means that the Ministry of Justice will no longer investigate cases involving market intermediaries, but rather investigate bad actors who use the platform.
01:12
Zhao Changpeng shares security advice on preventing phishing attacks
According to Foresight News, Zhao Changpeng tweeted several security suggestions to prevent phishing attacks: do not provide passwords to "help desk agents", as real support personnel will not need passwords; Do not click on the link in the email, log in to the account manually by entering the URL or bookmark, and double check if it is a phishing website; Do not use the same password on multiple websites. It is recommended to use a password manager to generate unique and strong passwords; Using hardware 2FA such as Yubikey can prevent most phishing attacks.
00:48
The US Department of Justice accuses 12 suspects of $263 million in cryptocurrency crimes
According to Beincrypto, the US Department of Justice has indicted 12 suspects suspected of $263 million in cryptocurrency crimes, accusing them of participating in a criminal network organized by the mastermind Malone Lam. The gang committed crimes through social engineering fraud, database intrusion, and physical theft of hardware wallets, among which Lam was personally charged with a single fraud of 230 million US dollars. Currently, 10 defendants have been arrested, and 2 accomplices in Dubai are still at large. The indictment shows that the division of labor in the gang includes target screening, telephone fraud, money laundering, and on-site theft. Lam once remotely monitored the victim's iCloud data and directed his accomplices to break into the house for theft. According to records from August 2024, the gang stole 4100 bitcoins (worth 385.4 million US dollars at the time) through P2P fraud. In September of last year, ZachXBT revealed that Greavys (Malone Lam), Wiz (Veer Chetal), and Box (Jeandiel Serrano) were suspected of stealing $243 million from a Genesis creditor through a complex social engineering attack on August 19, 2024.