Four months behind bars and a massive fine, that’s what CZ is getting from the government for his crypto exchange’s misdeeds. Regardless of how you view the verdict — too much, too little, just right — his sentencing is a big deal for web3. Potentially in a positive way. There’s effort by some in crypto […]
A crypto wallet maker’s warning about an iMessage bug sounds like a false alarm
A crypto wallet maker claimed this week that hackers may be targeting people with an iMessage “zero-day” exploit — but all signs point to an exaggerated threat, if not a downright scam. Trust Wallet’s official X (previously Twitter) account wrote that “we have credible intel regarding a high-risk zero-day exploit targeting iMessage on the Dark […]
Security engineer jailed for 3 years for $12M crypto hacks
Shakeeb Ahmed, a cybersecurity engineer convicted of stealing around $ 12 million in crypto, was sentenced on Friday to three years in prison. In a press release, the U.S. Attorney for the Southern District of New York announced the sentence. Ahmed was accused of hacking into two cryptocurrency exchanges, and stealing around $ 12 million […]
Nine crypto VCs on why Q1 investments were so hot and how it compares to previous bull market
If the 2023 crypto venture landscape was an ice-cold pot of water, the first quarter of 2024 is the part where the bubbles start to form right before water boils, Tom Schmidt, a partner at Dragonfly Capital, said to TechCrunch. And he’s not wrong: $ 2.52 billion in total capital has been raised across the […]
SBF’s prison sentence marks the end of the crypto grift era — so what’s next?
On Thursday, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison after he was found guilty on seven charges of wire fraud and money-laundering. The scam he pulled was fairly simple: He and his partners created an exchange, FTX, that took customer deposits to invest in and trade cryptocurrencies. Some […]