After FTX crumbled in late 2022, many thought their money was gone forever. But recently, a court gave the thumbs-up on a whopping $14 billion U.S. dollars payback plan. This means creditors (people who lent money to FTX) are in for a nice surprise. They'll get all their money back—plus some extra! John Ray, the guy in charge of FTX now, says this plan is a big deal...
Hackers have been on a roll this year, stealing twice as much cryptocurrency in the first six months of 2024 compared to the same period in 2023, according to a recent report by TRM Labs. The total loot now stands at a whopping $1.38 billion, with a few massive heists making up most of that amount. You might be wondering what methods these hackers are using. Well, t...
The United States has filed charges against two Russian men, Sergey Ivanov and Timur Shakhmametov, for allegedly running billion-dollar money laundering services. Ivanov is known to have been active for nearly two decades, while Shakhmametov ran a notorious cybercriminal marketplace called Joker’s Stash, which made hundreds of millions from stolen payment card inform...
The US government is preparing to charge two Russian nationals accused of masterminding a massive money laundering operation. This move is part of a broader effort to crack down on Russian cybercrime. According to sources, one of the men has been involved in money laundering for over a decade, making him one of the longest-serving professionals in the field. The two...
As the world waits with bated breath for former President Donald Trump's announcement of his new crypto exchange, World Liberty Financial, many are left wondering what lies ahead for the future of finance. The Trumps, led by sons Donald Trump Jr. and Eric Trump, claim that their venture will revolutionize the way we think about financial independence, but what does t...
The world of finance is abuzz with the news that Morgan Stanley, one of the largest wealth management firms, is now allowing its 15,000 financial advisors to offer bitcoin ETFs to select clients. This move marks a significant shift in the adoption of bitcoin by mainstream finance, and raises important questions about the future of cryptocurrency investing. But first,...