crypto

Russian Crypto: Why Secret Service Seized Garantex

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Russian Crypto: Why Secret Service Seized Garantex

Image: United States Department of Justice The U.S. Secret Service has seized the website of Russian cryptocurrency exchange Garantex, marking a major international crackdown on a platform accused of helping criminals launder billions of dollars in illicit money. In a joint operation involving law enforcement from the U.S., Germany, Finland, Estonia, and other European countries, Garantex’s domains — Garantex.org, Garantex.io, and Garantex.academy — were taken offline and now display a takedown notice from the Secret…

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$1.5B Hack of Bybit Might Be the Largest Crypto Heist Ever

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.5B Hack of Bybit Might Be the Largest Crypto Heist Ever

Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits. Zhou told users on Friday that their funds were “safe,” and the firm would refund anyone…

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IT Pros in Australian Crypto Need to Brace for Regulation

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IT Pros in Australian Crypto Need to Brace for Regulation

The Australian government is moving towards regulating cryptocurrency, with a focus on those involved in developing and maintaining crypto platforms. Bitcoin crypto currency coin with cracked Australia flag. Crypto restrictions. Australia’s Treasury Department recently released a proposal paper on regulating digital asset platforms, aiming to support innovation while addressing consumer harms associated with digital assets. The collapse of FTX, which affected over 50,000 Australian consumers, was cited as an example of the vulnerabilities of intermediaries….

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