Author: Mayowa Adenle

Article written by Mayowa Adenle

Google Chrome extension ViperSoftX steals clipboard contents and crypto passwords

November 22, 2022 1 min read

According to recent reports, a Google Chrome browser extension called ‘VenomSoftX’ is stealing cryptocurrencies as well as sensitive information such as passwords. Windows malware used VenomSoftX to steal clipboard contents while users browsed the web. The ViperSoftX Windows malware is said to have installed this Chrome extension. The malware performed the functions of a JavaScript-based RAT (remote access trojan) and crypto hijacker. Furthermore, the report revealed that Avast Threat Labs

FTX hacker is reportedly moving funds in order to avoid authorities

November 22, 2022 1 min read

According to Etherscan data, the alleged hacker responsible for the theft of hundreds of millions of dollars from the bankrupt cryptocurrency exchange FTX is moving the funds around to different wallets to avoid detection. FTX Accounts Drainer sent $16 million in 15,000 ETH to 12 new on-chain addresses on Monday night. More so, some crypto analysts noted that the attacker is attempting to divide the loot into smaller amounts in

South Korean regulators ban crypto exchanges’ native tokens

November 20, 2022 2 mins read

With the outbreak of the FTX exchange’s demise, the worldwide crypto market has been purposely impacted. According to studies, South Korea is the worst hit country as a result of the FTX exchange’s demise. This poll was a direct outcome of the countries with the highest number of visitors to the FTX exchange. This directly translates to losses, as the greater the number of visits, the greater the losses should

Binance reportedly re-bids to acquire bankrupt crypto lender Voyager

November 18, 2022 1 min read

Binance US is getting ready to re-bid for the assets of the insolvent lending platform Voyager Digital, CoinDesk reported. Voyager Digital chose FTX.US to purchase its assets for $1.42 billion less than eight weeks prior to filing for Chapter 11 bankruptcy in July 2022. But after its collapse, the bankrupt crypto lender was left without a buyer. The American division of Binance, the largest cryptocurrency exchange in the world by

Australian regulator cancels the license of FTX Australia following the exchange going out of business

November 17, 2022 1 min read

Following the exchange’s most recent mishap, the Australian Securities & Investments Commission (ASIC) suspended the FTX Australia license until May 15, 2023. About 30,000 Australian consumers have been impacted by the crash and are looking into ways to get their money back. FTX’s Australian subsidiary will be able to offer restricted services to local clients until December 19, 2022, despite the license’s expiration. In addition, FTX was notified by the

Binance receives Financial Services Permission in the Abu Dhabi Global Market

November 16, 2022 1 min read

According to a report, Binance, the world’s largest cryptocurrency exchange, has been granted Financial Services Permission (FSP) by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). Binance will be able to provide custody to professional clients through the FSP if they meet the FSP’s conditions as outlined by the FSRA. Following the news, Richard Teng, MENA and Europe Regional Head, stated: “Working with the ADGM

Canadian businessman Kevin O’Leary says he would still invest in SBF despite FTX bankruptcy

November 16, 2022 1 min read

Despite losing money on FTX, Canadian businessman and Shark Tank star Kevin O’Leary believes Sam Bankman Fried’s future businesses are worth investing in. O’Leary recently disclosed the extent of his exposure to the exchange, arguing that the company’s demise has a “silver lining.” Mr. Wonderful admitted in an interview on Tuesday that FTX was one of his “bad investments,” but that it is still safe due to his asset diversification.

FTX exchange claims to have more than a million creditors

November 15, 2022 1 min read

According to a recent court document, the insolvent crypto exchange FTX may have more than one million creditors. Sam Bankman-Fried’s crypto exchange, FTX, which filed for bankruptcy last week, estimated that it may have more than a million creditors, illustrating how challenging it will be to resolve this insolvency. There are more than 100,000 creditors in these Chapter 11 cases, according to a court document that was added to the

Elon Musk says “BTC will make it, but it might be a long winter”

November 14, 2022 1 min read

Elon Musk responded to a tweet about Bitcoin (BTC) by saying it will “make it.” The owner and CEO of Twitter predicts that the crypto winter will be long. Musk made the comments during a conversation with angel investor Jason Calacanis and artist D. A. Wallach. Calacanis started the conversation by asking where BTC might be in a year, given that it has already dropped from $69,000 to $16,000 in

Genesis Trading claims that $175 million is locked up in the FTX following the exchange collapse

November 11, 2022 1 min read

As it did following the bankruptcy of 3AC, Genesis Trading, the most recent company to declare exposure to FTX, may seek assistance from its parent company. Genesis Trading, the market maker and lending arm of Digital Currency Group, disclosed that its derivatives business has about $175 million in funds stashed away in an FTX trading account in what it describes as an effort to be transparent. The information was released

The US Justice Department joins the SEC in its investigation of FTX

November 10, 2022 1 min read

The Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are collaborating to investigate FTX’s subsidiary in the United States. The Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are collaborating to investigate FTX’s U.S. subsidiary, according to Bitcoin Magazine, citing Bloomberg. Multiple regulators have expressed concern about FTX, which is now facing possible bankruptcy. According to the newspaper, the SEC is in close contact

A decentralized search startup Sepana raises $10 million in funding round

November 8, 2022 1 min read

Sepana, a decentralized search startup, closed a $10 million funding round. The $10 million funding round was led by the venture capital firms Hack VC and Pitango First, according to decentralized search startup Sepana, which made the announcement today. In the startup’s funding round, Protocol Labs, Lattice Capital, and Balaji Srinivasan also participated. Daniel and David Keyes, two brothers, founded Sepana, which aims to increase the discoverability of web3 content