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Source: AdobeStock / kaliantye The latest report by the security-focused ranking platform CertiK revealed two individuals behind a several-million-dollar-heavy scam – and there is a twist to the duo’s partnership. The report explained that “a number” of scammers had been using a phishing kit known as ‘Monkey Drainer’ over the last couple of months. This type of scam uses the technique called ‘ice phishing’, tricking users into giving the fraudsters full access to their funds. Now, says CertiK, thanks to a November 2022 incident, two wallets used by two scammers in this type of fraud have been discovered – and this revealed two names: Zentoh and Kai. The platform stated that, “Our investigation has determined with a high degree of confidence Zentoh and Kai were behind a fake Porsche NFT website. This site, which utilized the Monkey Drainer tool, was active for approximately two weeks through mid to late November 2022.” The site can still be viewed via web.archive. I

The Guardian reported that FTX was under surveillance by Australian regulators a whole six months before its bankruptcy filings, according to obtained documents. The report states that regulators in the country expressed concern over the platform’s operations prior to the eventual collapse. The collapse of FTX was the biggest crypto story of 2022, as the Australian arm of the platform went into voluntary administration following its bankruptcy in November. Moreover, the report states that nearly 30,000 Australian customers were owed money from the company, “in amounts ranging up to $1m.” Source: CNBC Australia Probed FTX Prior to Collapse This past year was a horrendous one for the cryptocurrency industry, and it was capped by the fall of one of the largest crypto exchange platforms in the industry. Subsequently, the company’s top brass were arrested and charged with fraudulent activity. This left a host of customers with empty investments. Although the entire debacle took

Join Our Telegram channel to stay up to date on breaking news coverage Ripple Labs has announced the ascension of a new president as the United States Securities and Exchange Commission’s ( SEC ) legal case against the cross-border payments platform approaches the end. In a recent Ripple blog post , the company announced the promotion of Monica Long to the president position. Long ascends into the company’s highest office after years of service as Ripple’s senior vice president and general manager. Speaking about the appointment Ripple CEO Brad Garlinghouse said: Even in the current challenging crypto environment, Monica has helped guide Ripple to a very unique place of growth and financial strength. She’s been an instrumental adviser to me over the years, and I’m grateful to have the opportunity to partner with her even more closely as she embarks on her role as president. Monica Long’s Tenure At Ripple Ripple brought Monica Long in as communications director around 2013 w

Join Our Telegram channel to stay up to date on breaking news coverage Non-fungible tokens continue showcasing strong resilience this new year despite suffering the recent prolonged general crypto winter that continues spreading its roots within various NFT projects. Below we have listed some of the top-selling NFTs this fourth week of 2023: 1. Sewer Pass NFT Retain The Top Spot Sewer Pass, an NFT collection from the popular Bored Ape Yacht Club NFTs creator Yuga Labs, has retained the top position after dethroning the Mutant Ape Yacht Club NFT collection in our ten top-selling NFTs last week. In the past 24 hours, the Sewer Pass NFT collection has recorded a sales volume of 1,528 ETH. During the same period, its market capitalization and floor price surged by 1.2% to $107 million and $4,497, respectively. 2. A Kid Called Beast A Kid Called Beast, an NFT collection featuring 10,000 unique NFTs on the Ethereum network, has risen five points after rising from the seventh posi

Join Our Telegram channel to stay up to date on breaking news coverage Meta Masters Guild, one of the best presale cryptos of 2023, has raised upwards of $1.5 million in the presales, and the next price rise may be coming in the next 48 hours. This P2E crypto project has been raising funds at the pace of $500 per week and has now reached stage 3 of the presale. Stage 4 will begin once the presale of its target of $1.848 million. Stage 4 will see the price of this token going up by 23% as it goes from 0.0013 USDT to 0.0016 USDT. Parties wanting to be early movers should go to the official website today. There are seven stages in the presale, with the final price set at 0.00235 USDT – which means that those who invest now will have 76% gains. While close to 4 days remain before the ending of the current stage, the pace of the presale suggests that the target will be met in the next 48 hours. A fully Playable Version of Meta Kart Racers Will Come out Later This Year Gideon Cl

While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With $7.9 Billion in Total Value Locked, Team Prepares for Shanghai Withdrawals As of the time of writing, the decentralized finance (defi) liquid staking protocol Lido is the most dominant defi protocol today, in terms of total value locked (TVL). Statistics from defillama.com show that Lido’s $7.92 billion TVL dominates the $46.56 billion TVL held in defi today by approximately 17.01%. Lido is the largest holder of staked ethereum as the protocol commands around 29% of the staked ether supply. Lido’s ethereum derivative token STETH is the 13th largest market valuation in the cryptocurrency economy with $7.73 billion. Furthermore,

Senator Warren claims the Trump Administration “gave a green light” to allow for a cryptocurrency market full of junk tokens, rug pulls and ponzi schemes. United States Senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to “double down” on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running “scared” for what’s to come next. Warren’s comments came from an interview with American Economic Liberties Projects on Jan. 25. The Senator opined that since Gensler was sworn in as SEC Chairman in April, 2021, the Commission “has made a good start” on fixing some of the problems created by the former SEC leaders under the Trump Administration. Senator Elizabeth Warren wants Congress to deploy more authorities and resources to help the SEC crackdown on the cryptocurrency industry participants. Source: Reuters. Warren claimed that the previous SEC administration “essentially gave the green light” to open up a cryptocurren

Trends, or past precedents, usually play a key role in determining the future outlook. Analyzing historical behavioral patterns has helped market participants tread through periods of uncertainty. At this point, Bitcoin is clearly at a critical juncture. From Jan. 1’s lows of $16.49k, BTC has already advanced to $22.56k. Nevertheless, the last two candles on the daily have been red, indicating that the asset is now in its correction phase. Source: TradingView Also Read: Ethereum Drops 9% Against Bitcoin: Are Altcoins Suffering? However, if history is right, this sluggish phase should end soon. Matrixport’s Head of Research and Strategy, Markus Thielen, recently brought to light an interesting trend. According to the proposition, buying Bitcoin at the end of the first day of the Chinese New Year and selling it 10 trading days later has usually returned +9% on average to traders. Over the past eight years, i.e. from 2015-2022, the RoI figure has been positive. Confirming the

ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance. The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022.  Ether/USD price index, 2-day. Source: TradingView From one side, traders are relieved that Ether is trading up 35.5% year-to-date, but the repeated corrections that follow retests of the $1,680 resistance may have weakened investors ' sentiment. Negative newsflow might have limited Ether investors' appetite after troubled cryptocurrency company Digital Currency Group (DCG) faced more legal issues this week. On Jan. 23, a group of Genesis Capital creditors filed a lawsuit alleging violations of federal securities laws. In addition, the plaintiffs allege the lending firm made false and misleading statements thr

So far 2023, Bitcoin (BTC) is seeing an impressive 40% YTD return rate and briefly crossing back above $23,000; suggesting that it may be leaving its bear phase from 2022 behind. Can it continue its winning streak, and if not, what are some of the other best cryptos to buy today? Increased capital inflow and a wave of enthusiasm from retail investors seems to have overshadowed any fears about regulations or bankruptcies, as Bitcoin could be seeing the first signs of being a hedge against a weakening dollar as investors jump back into risk assets. Even though governments are implementing rules for cryptocurrencies on a global scale, there still remains optimistic sentiment towards Bitcoin and other cryptos, and perhaps even some relief that regulatory clarity is around the corner. In the current thriving market conditions, what are some of the best cryptos to buy today? Based on fundemental and/or technical indicators, MEMAG, APT, FGHT, AXS, and CCHG may be worth t