Over $204M was lost in Q2 DeFi hacks and scams: Report
More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million.
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On-chain sleuth ZachXBT sued for libel after claiming plaintiff drained funds from project
Plaintiff Jeffrey Huang claims his reputation was damaged when ZachXBT allegedly falsely accused him of embezzlement.
Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’
Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today.
Memecoins: From memes to multibillion-dollar pumps, scams and rug pulls
Memecoins have come a long way from the early days of being joke cryptocurrencies.
Australian ‘Big 4’ bank begins trial for cryptocurrency payment blocks
One of Australia’s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams.
Irish newspaper apologizes for misleading AI-generated article
A daily newspaper in Ireland released a statement saying it was “deliberately deceived” into believing the identity of a guest writer, which turned out to be AI.
Tencent Cloud to reportedly offer deepfake creation tool at $145
Tencent Cloud’s deepfake creation service can analyze and train itself on three-minute videos and 100 voice clips to produce a convincing deepfake video within 24 hours.
Not funny: Comedy club NFT debacle teaches lesson in transparency
What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community.
Net losses from crypto theft down sharply in Q1 2023 at $322M: Report
A report from app provider De.Fi showed losses from theft down in Q1 2023 compared to last year, along with recovery of funds; Euler accounted for a huge share of…
A third of US crypto holders have experienced theft: Report
10% of crypto holders surveyed made no attempt at protecting their assets; victimization varied strongly by age.
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