SafeMoon hacker’s use of centralized exchanges could help law enforcement — Match Systems
SafeMoon was exploited in March after a smart contract update led to a burn call vulnerability allowing hackers to transfer funds.
SafeMoon was exploited in March after a smart contract update led to a burn call vulnerability allowing hackers to transfer funds.
Hong Kong’s securities regulator treats tokenized securities like traditional securities, subject to the same legal and regulatory norms.
PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August.
The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing.
Stuart Alderoty expressed concern about the SEC’s repeated arbitrary and capricious actions in court cases, suggesting a troubling pattern under Gensler’s leadership.
The role demands candidates to have the ability to provide strategic and tactical advice to crypto investigations, among other investigative qualities.
The ADGM’s new regulatory framework is the first of its kind in the world, it says. The free financial zone is already a hub of crypto activity.
Christopher Hui took the stage at Fintech Week and outlined a list of regulatory moves Hong Kong authorities are looking to implement following the JPEX scandal.
According to CoinDesk: The Commodity Futures Trading Commission (CFTC) of the United States, responsible for overseeing the derivatives market, has awarded $16 million to whistleblowers in 2023, with a majority of the 1,530 tips received related to cryptocurrency, according to Commissioner Christy Goldsmith Romero. Evidently, crypto remains a hotbed for fraud and other forms of illegality. "The majority of the tips received this year involved crypto, an area that continues to have pervasive fraud and other illegality," Romero noted in a published statement on the CFTC website. Due to the proliferation of cryptocurrency, the number of retail customers under CFTC's jurisdiction has soared, making the Commission's Whistleblower Program and the Office of Customer Education and Outreach initiatives more crucial than ever. According to Romero, whistleblowers play a vital role in identifying fraudulent activities and interpreting evidence. "The faster we can stop fraud, the more we can protect customers from harm," Romero added. This year's astounding payouts include over $15 million awarded to two whistleblowers whose crucial information and cooperation led to the successful prosecution of multiple enforcement cases. Overall, the CFTC has disbursed a whopping $350 million to whistleblowers, which has contributed to orders for more than $3 billion in enforcement sanctions.
According to charges, the men misappropriated $200 million in investor funds to spend on a luxurious lifestyle.