Highlights: - The evolving "pig-butchering" scam poses a significant national security threat as fraud networks intersect with human trafficking and money laundering. - In 2023, the US DOJ seized $112 million linked to these scams, which saw a 40% increase and raised over $9.9 billion globally. - Governments are taking...
Category: NFT Trends
Is It Time for Regulators to Adapt to the New Privacy Landscape?
Unveiling DeFi’s Vulnerabilities: How the Balancer Exploit and Stream Contagion Shatter Confidence in Finance’s Foundation
Highlights: - Balancer suffers a critical decentralized finance (DeFi) hack, resulting in over $116 million losses due to suspected faulty smart contract controls. - Stream Finance faces a $93 million loss precipitating a wider crisis in DeFi, affecting liquidity and other protocols. - New initiatives emerge in the DeFi space,...
Balancer Faces Ongoing Exploit: Over $116 Million in Funds Withdrawn!
Highlights: - Balancer, a decentralized exchange, has faced a major exploit, with over $116 million worth of digital assets siphoned off to a new wallet. - The Balancer team is offering a 20% bounty for the safe return of the stolen funds, emphasizing a collaborative effort with forensic experts and...
Discover How Fintechs and Neobanks are Pioneering the Future of Stablecoin Adoption!
Highlights: - The passage of the GENIUS Act is paving the way for widespread adoption of stablecoins by fintechs and neobanks. - Stablecoins are emerging as essential tools for financial inclusion, especially in regions grappling with hyperinflation and currency instability. - The growing adoption of stablecoins illustrates their potential to...
