Cryptocurrency Magnate Sam Bankman-Fried on Trial for Fraud and Conspiracy
Sam Bankman-Fried, once regarded as a paragon in the cryptocurrency sector and founder of the now-collapsed exchange FTX, is on trial facing seven counts of fraud and conspiracy, tied to alleged embezzlement of funds and the subsequent bankruptcy of FTX. Key Takeaways The unraveling of the case will offer a glimpse into the intricacies of FTX’s operations and decisions leading …
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Report Reveals Alarming 40% Increase in Digital Asset Phishing Scams in 2022
As per the latest report by Kaspersky, a cybersecurity firm, there has been a significant increase of 40% in digital asset phishing scams in 2022. This report highlights the growing trend of digital asset exploitation that targets crypto investors and users to steal their holdings throughout the year. While traditional methods like giveaway scams or fake wallet phishing pages are …
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