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Binance Dominance Tested as Rivals Gain Ground – CEX Report
The centralized cryptocurrency exchange (CEX) landscape has seen some notable shifts over the past year, according to a new market report from blockchain analytics firm 0xScope. While Binance still retains the top spot by a large margin, its market share across key metrics like trading volume has declined, opening opportunities for other exchanges to gain......
DCG Accused of ‘Sham’ Bailout to Prop Up Genesis After 3AC Collapse
A 47-part Twitter/X thread by Genesis creditor Vijay Boyapati alleges Digital Currency Group (DCG) and its CEO Barry Silbert perpetrated fraud to hide massive Genesis losses stemming from Three Arrows Capital's (3AC) implosion. Boyapati argues DCG provided a bogus $1.1 billion promissory note to paper over Genesis' insolvency, misleading creditors and buying time. The scheme......
Fake Ledger App Scams $768K+ in Bitcoin via Microsoft Store
A fake Ledger Live app surfaced on the official Microsoft app store, resulting in over $768,000 being stolen before its removal, according to crypto sleuth ZachXBT. The scam wallet received nearly 17 Bitcoin from victims. The fake Ledger Live app exploited the Microsoft Store's credibility to lend legitimacy to an elaborate phishing scam. The ploy......
🥛 NFTs, The Simpsons, and Tesla cars… 👀
Today’s edition is brought to you by Bakkt — Looking for a sign to switch vendors? Look no further. There’s no gray area when it comes to custody.Learn how Bakkt® Custody’s secure platform compromises nothing.GM. This is Milk Road, where we serve the crypto news sunny side up, every time.Here’s what we got for you......
Crypto Funds See $261M Inflows, 6th Straight Week of Gains
Digital asset investment products recorded $261 million of net inflows last week, marking the 6th consecutive week of inflows, according to crypto asset manager CoinShares. Total inflows over the streak now exceed $767 million. The latest $261 million weekly gain pushes total inflows over the 6-week run past the $736 million seen in all of......
FTX Advisers Disclose Customer Information to FBI, Shows Report
Advisers for collapsed cryptocurrency exchange FTX have disclosed customer transaction data and account details to multiple FBI field offices in recent months, according to a report by Bloomberg. Consultancy Alvarez & Marsal has provided information on specific FTX users' trades and accounts in response to FBI subpoenas and requests. This was revealed in the firm's......
OpenSea Cuts Jobs by 50% to Refocus on “OpenSea 2.0” NFT Marketplace
OpenSea, the largest NFT marketplace, revealed significant company changes, including layoffs and a product revamp dubbed "OpenSea 2.0." In a nine-part Twitter thread, CEO Devin Finzer announced they are rebuilding OpenSea's culture, products, and technology from scratch. https://twitter.com/dfinzer/status/1720516605933756514 While proud of OpenSea's NFT industry contributions, Finzer admitted the platform feels like a "follower, not a......
🥛 The verdict is in… ⚖️
Today’s edition is brought to you by Everstake - a trusted validator utilized by 625K users across over 70 blockchain networks.Stake with as little as 0.1 ETH!GM. This is Milk Road, your daily crypto pill - easy to swallow and no bitter aftertaste. Here’s what we got today:The U.S. vs. Sam Bankman-Fried verdict is in…......
Russian National Hit With US Sanctions for Crypto Money Laundering
The US Treasury Department's Office of Foreign Assets Control (OFAC) imposed sanctions this week on Russian national Ekaterina Zhdanova for using crypto to help Russian elites evade international sanctions related to the war in Ukraine. According to the Treasury announcement, Zhdanova facilitated over $2.3 million in fund transfers to Western Europe on behalf of a......
Singapore Police Alert Public of WhatsApp Phishing Scams
The Singapore Police Force issued a warning this week about a new phishing scam targeting WhatsApp users. The scam involves fake "WhatsApp Web" websites that trick victims into giving scammers access to their WhatsApp accounts. According to the police advisory, the scam starts when victims search for the WhatsApp Web page and click on phony......
