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The notorious Lazarus Group, linked to North Korea, has executed another major cryptocurrency theft, this time targeting the crypto casino Stake and making off with a staggering $41 million in digital assets, as disclosed by the FBI in a statement released on Thursday. In a chilling revelation, the FBI has confirmed that the Lazarus Group, […]
Stake.com, an online cryptocurrency casino, recently faced a major security breach as hackers compromised their ETH/BSC hot wallets, resulting in the theft of over $40 million in cryptocurrencies. The incident has raised concerns about possible state-sponsored involvement, although no conclusive evidence points in that direction as of now. The platform swiftly reassured its users that […]
Retired professional soccer player Ronaldinho Gaúcho recently testified in a congressional hearing in Brazil, vehemently denying any connection to an alleged $61 million cryptocurrency pyramid scheme that used his name without authorization. During the hearing on August 31, Ronaldinho appeared before a parliamentary committee inquiry to distance himself from the scheme known as “18kRonaldinho,” . […]
The price of Bitcoin fell around 8% in just 10 minutes on Aug. 17, down to levels not seen since June 20. The price of Bitcoin BTC = $26,554 fell around 8% in a span of 10 minutes, causing the cryptocurrency to dip well under $26,000 before partially recovering. BTC was hovering around $27,677 on Aug. 17 at […]
Aminu Gwadabe, the President of the Association of Bureaux De Change Operators (BDC) of Nigeria (ABCON), has called on the federal government to halt the operations of the cryptocurrency exchange firm Binance in Nigeria. Gwadabe stressed the critical necessity of this action to strengthen the national currency, the naira. In an interview conducted in Lagos […]
Nigerian social payments platform Bundle plans to cease its crypto exchange services and instead focus on its peer-to-peer platform Cashlink. In a recent blog post, Bundle said the decision was made by the company’s shareholders, who believe that the future lies in payment solutions that cater to the growing Web3 and blockchain community. “We will […]
The Securities and Exchange Commission has drawn attention to the website operated by Binance Nigeria Limited. It has been soliciting the Nigerian public to trade crypto assets on its various web and mobile-enabled platforms. Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal. Any member […]
Nigerian crypto-based fintech, Lazerpay is shutting down operations after unsuccessful fundraising attempts. In a statement issued via its official Twitter handle on Thursday, the CEO, Njoku Emmanuel, said Lazerpay ceased operation after multiple fruitless efforts to raise funds for the business’s survival. “We were unable to close a successful fundraising round,” Emmanuel explained to stakeholders. […]
Paxful, a well-known peer-to-peer (P2P) trading platform, has recently announced its decision to shutdown its marketplace and requested users to withdraw their funds. This comes at a time when the cryptocurrency industry is gradually recovering from a year-long slump. In a statement released on Tuesday, Ray Youssef, Paxful’s co-founder and CEO, revealed that the company […]
Despite the indefinite ban placed on cryptocurrency commercial trading by Buhari and the Central Bank of Nigeria, Lagos state governor Babajide Sanwo-Olu, is enticing youths in the state by floating the idea of cryptocurrency approval as he embarks on missions to canvass votes in a bid for re-election. The Buhari regime, through the CBN, had […]
