The collapse of FTX in November 2022 sent shockwaves through the cryptocurrency community and broader financial markets. Once a leading platform for digital asset trading, FTX fell victim to serious mismanagement orchestrated by its founder, Sam Bankman-Fried, and his executive team. This mismanagement primarily involved the misuse of customer funds, leading to catastrophic losses for
In an era defined by rapid technological advancements and the evolution of digital currencies, few stories illustrate the resilience and adaptability of individuals better than that of Samuel Edyme, affectionately known by his pen name, HIM-buktu. A multidisciplinary content creator, journalist, and aspiring trader, Edyme has carved a unique niche for himself amid the complexities
In November 2019, the financial realm was rattled when Upbit, one of South Korea’s foremost cryptocurrency exchanges, reported a staggering theft of 342,000 ETH, valued at around $50 million at the time. In a recent investigation, South Korean authorities have tied this high-profile heist to North Korean hacking groups, notably Lazarus and Andariel, which possess
The intersecting worlds of blockchain technology and bankruptcy law are creating unprecedented challenges and opportunities. A recent ruling from the Southern District of New York exemplifies this development as Celsius Network, now in the throes of insolvency proceedings, received judicial approval to serve legal notices using non-fungible tokens (NFTs). In an era where traditional legal
Gary Gensler, who has been steering the US Securities and Exchange Commission (SEC) since April 2021, announced his resignation will take effect on January 20, 2025. This date marks a significant transition as it coincides with the inauguration of President-elect Donald Trump. Gensler describes his experience as chairman as an “honor,” expressing his admiration for
On November 21st, Sui Network confronted a significant setback when its mainnet unexpectedly halted block production, leading to a prolonged two-hour disruption. This incident underscores the vulnerabilities that can arise within burgeoning blockchain systems, particularly as they aspire to compete with established players like Solana. The Sui team, which includes engineers with deep ties to
As the cryptocurrency market continues to evolve, Ethereum, the second-largest cryptocurrency by market capitalization, finds itself at a pivotal point in its price trajectory. Recently, Ethereum’s price have shown signs of consolidation after hitting a four-month high. Understanding the underlying factors driving Ethereum’s price can help investors gauge its potential future movements. In this article,
In a remarkable turn of events, South Korean authorities have successfully retrieved 4.8 Bitcoin (BTC) originally linked to the notorious 2019 hack of Upbit, one of the largest cryptocurrency exchanges in South Korea. This incident was not merely a typical cyber theft; it involved a substantial amount of 342,000 Ethereum (ETH) being pilfered by suspected
The world of cryptocurrency is a double-edged sword. While it offers unprecedented opportunities for investment and financial innovation, it also creates fertile ground for fraud and deception. The Shiba Inu community, drawn together by a shared enthusiasm for this meme-based cryptocurrency, has recently found itself at the center of a troubling trend: scammers impersonating developers
As the cryptocurrency landscape evolves, Ethereum (ETH) finds itself at a pivotal juncture. Since hitting a noteworthy high on November 12 at $4,446, the second-largest cryptocurrency by market cap has entered a state of consolidation. In the shadow of Bitcoin’s remarkable ascent, Ethereum’s struggle to regain significant upward momentum has drawn the attention of traders
