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Around 100 investors in a Mexican crypto trading bot scheme that promised “daily payouts” and claimed to operate its own “crypto credit card” have filed an official complaint with public prosecutors after the firm disappeared, shuttering its physical offices, and blocking withdrawals. As reported by Milenio, Tehuacán and Puebla-based AMG GPT allegedly lured more than 3,000 people into buying trading bots — with prices starting at 400 pesos — “for a set time period” in return for seemingly guaranteed returns. However, while some users initially reported making money from their investments, the regular payouts didn’t last and many started to report “constant delays” when trying to access their funds. They were apparently told by AMG staff that they would need to “pay verification fees” if they wanted to access their money and when users attempted to visit the company in person, they found all four of its office...

According to local media, Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). The Japanese government reportedly plans to permit start-ups to raise public funds through the issuance of crypto , assets, such as currencies, instead of stocks , local media has reported.  According to Japanese financial news site Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). So far, Japan has lagged behind the rest of the world on embracing digital assets. However, this has been changing in recent months. Japan's primary financial regulatory authority, the Financial Services Agency (FSA), made a significant move on August 31, seeking to amend the tax code related to crypto currencies, thereby taking a more active role in crypto currency regulation. The noteworthy move is aimed at exempting local businesses from the year-e...

The Multichain team said that the team’s funds and access to servers are currently with their CEO Zhaojun who is under Chinese police custody. Cross-chain router protocol Multichain has announced that it is "forced to cease operations " because of the lack of operational funds . The announcement follows a report from blockchain analytics firm Chainalysis saying that withdrawals appear to be a “rug pull” by insiders.  On July 14, Multichain’s official Twitter account announced that it will be finally halting its operations . The team said that a “lack of alternative sources of information and corresponding operational funds ” has forced them to shut down their business activities. 1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. The team contacted the MPC node operators and learned that their operational access keys to MPC node servers had… — Multichain (Previ...

The Ethereum lending protocol was exploited in a $197 million flash loan attack in March. On April 12, Ethereum-based noncustodial Lending protocol Euler Finance announced that it would open redemption s after hacker s return ed the vast majority of assets stolen in a $197 million flash loan exploit last month.  Euler says it will repay all sub-account liabilities at the block the protocol was disabled on March 13. The on-chain price oracle, provided by either Uniswap or Chainlink, will determine the Ether (ETH) value of assets and liabilities. The company explained:  "Markets that have bad debt in excess of reserves (a few long-tail markets that suffered oracle attacks) will have the bad debt proportionally distributed amongst depositors in the market." Euler has created a smart contract containing funds for all exploited addresses, with an embedded Merkle Tree. In order for redemptions to be processed, users' addresses need to pass the Merkle proof of validity and ...