Inverse Finance, the ethereum-based DeFi tool, has seen an exploitation for over $1.2 million in cryptocurrency as of Thursday (June 16), CoinDesk writes, citing on-chain data. The exploiters apparently used a flash loan attack, tricking the protocol to steal over 53 bitcoin. The sum was...
U.S. prosecutors planned to send a message to the largely offshore crypto industry this week about the cost of ignoring the anti-money laundering (AML) laws at the core of an important chunk of financial regulation. And they did, but it wasn’t the one they wanted...
Crypto trading volumes at big Indian exchanges have gone way down since April 1 when a new crypto profit tax went into effect, CoinDesk reported Monday (April 11). India now has a 30% tax on profits from profits on crypto transactions, and it doesn’t allow...
The third founder of BitMEX, the crypto exchange, pleaded guilty Wednesday (March 9) in federal court to violating anti-money-laundering rules, the Department of Justice said, according to Coindesk. Samuel Reed has pleaded guilty in U.S. District Court in the Southern District of New York to...
August 09, 2022
In the fourth admission to violations of U.S. law among top figures at BitMEX, the crypto exchange’s former head of development pleaded guilty to failing to put compliance programs in place. Gregory Dwyer, 39, of Australia and Bermuda, pleaded guilty to one count of violating the Bank Secrecy Act, after three BitMEX co-founders pleaded guilty […]
June 16, 2022
Inverse Finance, the ethereum-based DeFi tool, has seen an exploitation for over $1.2 million in cryptocurrency as of Thursday (June 16), CoinDesk writes, citing on-chain data. The exploiters apparently used...
May 23, 2022
U.S. prosecutors planned to send a message to the largely offshore crypto industry this week about the cost of ignoring the anti-money laundering (AML) laws at the core of an...
April 11, 2022
Crypto trading volumes at big Indian exchanges have gone way down since April 1 when a new crypto profit tax went into effect, CoinDesk reported Monday (April 11). India now...
