Billionaire investor and Dallas Mavericks owner Mark Cuban has fallen victim to a cryptocurrency hack, with nearly $900,000 worth of crypto assets reportedly drained from his hot wallet. This incident has once again shed light on the security vulnerabilities within the crypto space and raises questions about the safety of digital assets. Discovery of the Hack On September 15, at
Russian hacker Dariy Pankov has recently entered a guilty plea to charges of computer fraud, which could result in a maximum prison sentence of five years. Pankov, who was extradited from the eastern European country of Georgia earlier this year, had been accused of developing and selling a notorious malware known as NLBrute, which was utilized in various cybercriminal activities.
Digital asset adoption represents one of the fastest adoptions of technology in human history. In this rapidly evolving landscape, advisors are presented with unique opportunities to leverage these digital assets for their clients. However, these assets come with their own set of challenges. This article explores the various aspects of digital assets, from potential regulation to building investor trust, and
Cryptocurrency casino Stake recently fell victim to a massive hack, resulting in the theft of $41 million. The hackers responsible for this breach have now made another move, transferring a staggering $328,000 worth of Polygon (MATIC) and Binance Coin (BNB) tokens. This article delves into the details of this recent transfer, explores its connection to previous transfers, investigates the mechanics
Coinstore, the global crypto exchange, has recently unveiled its wealth management solution called “EARN.” This groundbreaking feature is designed to provide users worldwide with the unique opportunity to earn passive income from their digital assets while enjoying high annual percentage yields. Developed by Coinstore’s expert quant team, EARN is seamlessly integrated into the Coinstore ecosystem, offering a wide range of
FusionIQ, a prominent provider of cloud-based wealth management solutions, has announced its expansion into the Canadian market. This move marks a significant milestone for the company, which aims to revolutionize the Canadian wealth management industry with its innovative FusionIQ One platform. With its cutting-edge features and user-friendly interface, FusionIQ One is poised to meet the evolving needs of portfolio managers
The G20 summit held over the weekend under the presidency of India saw a consensus among member nations to adopt a global framework to regulate cryptocurrencies. With the explosive growth of digital assets in recent years, the need for comprehensive regulation has become imperative. By establishing a coordinated approach, the G20 aims to mitigate the risks associated with these currencies,
Microsoft has taken swift action to address 59 vulnerabilities across its product portfolio, including two zero-day flaws that have been actively exploited by malicious cyber actors. With the aim to protect its users and mitigate potential security risks, Microsoft has released a series of software fixes to address these vulnerabilities. Severity of Vulnerabilities Among the 59 vulnerabilities, five have been
In a recent development, the notorious hacker group, Anonymous Sudan, has launched a distributed denial-of-service (DDoS) attack against the messaging platform Telegram. This retaliatory action comes in response to Telegram’s decision to suspend the primary account of Anonymous Sudan. This article delves into the activities of the group, highlighting notable attacks, exploring motivations, examining potential reasons for the Telegram ban,
MGM Resorts, a renowned hospitality and entertainment company, has recently confirmed a significant cybersecurity incident that has led to the shutdown of various websites and IT systems throughout its hotels in the United States. The company promptly launched an investigation with the help of external cybersecurity experts and law enforcement, indicating the likelihood of a ransomware extortion attack. This article
MGM Resorts, a prominent hospitality and entertainment company, recently made a concerning discovery – a cybersecurity issue that has affected some of their systems. This incident has prompted MGM to swiftly initiate an investigation in collaboration with leading external cybersecurity experts. As the investigation unfolds, the company is working diligently to understand the nature and scope of the matter. Detection
The US Commodity Futures Trading Commission (CFTC) is intensifying its efforts to enforce rules on decentralized finance (DeFi) platforms, seeking compliance from firms operating in this space. The regulatory body recently took legal action against three DeFi firms, alleging violations of federal digital asset derivatives trading laws. These developments have far-reaching implications for the DeFi industry and its future prospects.
