Charles Hoskinson, the mastermind behind Cardano, has had a rough ride in the crypto world. Over the past four years, he's seen his investments drop by a staggering $2. 5 billion. But he's quick to point out that it's not the tech that's to blame. He believes it's the government's heavy hand that's
Pittsburgh is about to lose a major part of its news scene. The Pittsburgh Post-Gazette, the city's biggest newspaper, is shutting down in May. The Block family, who own the paper, say they've lost over $350 million in the last 20 years. They regret the impact but say they're leaving with their head
In Indonesia, a former education minister is in hot water. The issue? A deal involving Chromebooks for schools. The government says this deal cost them a lot of money. We're talking about 2. 1 trillion rupiah. That's around $125 million. A lot of money, right? The trial is happening in Central Jaka
In December, the crypto world saw a big drop in hacking losses. The total amount stolen fell to $76 million, which is a 60% decrease from November's $194. 2 million. This news comes from PeckShield, a company that keeps an eye on blockchain security. Even though the total loss went down, there were
A crypto trader recently made a huge mistake. They lost $50 million in USDT. How? They fell for a trick called "address poisoning. " This scam tricks people into sending money to the wrong address. Here's what happened. The trader first sent a small test amount of USDT to an address. This address s
The USPS Office of Inspector General recently brought to light a significant healthcare fraud scheme that has been operating for a decade. This scheme involved Texas pharmacies and medical professionals who billed the government for unnecessary prescriptions. The investigation revealed that these h
Do Kwon, once a big shot in the crypto world, got a hefty 15-year prison sentence. His downfall? A massive $40 billion fraud that shook the crypto market. Kwon, a Stanford grad, had a knack for making people trust him. He convinced investors that his stablecoin, TerraUSD, was a safe bet. But it was
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison. This comes after he admitted to wire fraud and conspiracy to defraud. The judge in New York made this decision after hearing from people who lost money because of Kwon's actions. The collapse of Terraform Labs in 2
Yearn Finance, a well-known decentralized finance platform, faced another setback with a $9 million hack. This incident, the fifth in five years, targeted the yETH stableswap pool, extracting various ether (ETH) liquid staking tokens (LSTs). The hacker managed to steal a significant amount, but not
The Trump family's financial portfolio has taken a serious hit, losing about $1 billion in recent months. This drop is largely due to the declining value of cryptocurrencies, which the family has heavily invested in. According to Bloomberg News, their net worth has gone from $7. 7 billion to $6. 7 b
