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El Salvador’s Bitcoin Investment In the Green, Nayib Bukele Slams Critics
El Salvador's venture into Bitcoin has taken a positive turn, with President Nayib Bukele announcing notable profitability that contradicts earlier negative narratives. Through his latest tweet, Bukele clarified that the current market conditions have not only allowed the nation to recover its entire Bitcoin investment but also to accrue an unrealized profit of $3,620,277.13. https://twitter.com/nayibbukele/status/1731653743668572498......
SEC Ordered to Explain “False Statements” Leading to Asset Freeze
A federal judge has ordered the Securities and Exchange Commission (SEC) to show cause why it should not face sanctions after finding the agency made misleading statements about DEBT Box to obtain an emergency court order freezing over $49 million in assets last July. The rebuke from Chief Judge Robert Shelby spotlights “materially false” representations,......
Platypus Hackers Walk Free After $8.5 Million Crypto Hack
Two brothers arrested for exploiting vulnerabilities in the decentralized finance protocol Platypus that led to the theft of $8.5 million worth of crypto assets were acquitted of all charges in a Paris court last week. The news was initially published by the news outlet Le Monde. https://twitter.com/VCharpiat/status/1730702638902063615 In mid-February, an ethical hacker named Mohammed M.......
KyberSwap Pledges Treasury Grants in Response to $48,000,000 Hack
Decentralized cryptocurrency exchange KyberSwap has pledged ongoing assistance to users and law enforcement following a devastating hack last week that resulted in nearly $50 million being stolen. The platform said it understands many are facing hardship and promised grants to affected users. https://twitter.com/KyberNetwork/status/1730631569872916534 On November 22, an exploiter took advantage of a vulnerability in KyberSwap's......
🥛 The craziest crypto heist, ever🤯
Today’s edition is brought to you by Uniswap — the largest onchain marketplace for digital assets — and now Android and iOS users have the power of Uniswap in their pocket.Download the Uniswap mobile app today!GM. This is Milk Road. We pluck the ripest stories from the Crypto Tree of News. No ladder needed.Here’s what we......
Coinbase Receives 13,079 Law Enforcement Requests, Reflecting a 6% Increase
Crypto exchange Coinbase published its fifth annual transparency report this week. With the report, the crypto exchange is shedding light on the number and nature of government and law enforcement requests for customer data that the company has received over the past year. The report, covering the period from October 1, 2022, through September 30,......
Majority of Forkast Staff Let Go in Wake of CryptoSlam Merger
Forkast Labs, the merged entity of crypto news site Forkast.News and NFT data provider CryptoSlam, has laid off the majority of its editorial staff as part of a shift in focus to data products, The Block has learned. According to multiple sources close to the matter, the publication has stopped pushing out new articles and......
Miami Crew Leader Receives 63-Month Prison Sentence for $4M Crypto Fraud
Esteban Cabrera Da Corte, also known as "Esteban Cabrera" was sentenced on Friday to 63 months in federal prison for leading a scheme to steal millions of dollars in crypto. The 27-year-old from Miami used stolen personal information to set up fake accounts and trick U.S. banks and a major cryptocurrency exchange into reversing legitimate......
Crypto Hacks Soar in November, Resulting in $343,000,000 Stolen
The crypto industry witnessed its highest monthly losses this year in November 2023 as hacks and frauds targeting decentralized finance (DeFi) and centralized finance (CeFi) surged. With over $343 million lost, the ecosystem saw a 15-fold increase in damages compared to October 2023. The data is from a November 2023 crypto loss report. Major Incidents......
🥛 November recap: 3 winners. 1 BIG loser 👀
Today’s edition is brought to you by Bakkt® Custody - an institutional-grade solution to custody your digital assets, backed by multi-layered security.Learn how Bakkt built their highly scalable and ultra-safe platform!GM. This is Milk Road, where we serve up crypto knowledge like a master barista—strong and to the point.Here’s what we’re serving up today:November recap:......
