- Crypto Token Launch Platform Tokensoft Doxes 4500 Users, Calling Them ‘Bad Actors’
California-based Tokensoft, a chain-agnostic token launch platform, has doxxed over 4000 of its users.
A Tokensoft community manager with the handle “Nick G.” posted the list on the company’s discord, alleging that the named users were ‘gaming’ the Tokensoft DAO’s airdrop.
Tokensoft collects this data as part of its KYC process. In 2019, the company registered with the Securities and Exchange Commission as a transfer agent. In 2021 it announced that firms that issue digital securities via its platform can trade them on tZERO’s registered alternative trading system (ATS).
- Ukraine’s Cyberpolice Expose Members of Crypto Fraud Scheme Making €200 Million a Year
The cybercrime combatting unit of the National Police of Ukraine (NPU) has exposed five Ukrainian citizens accused of participating in a large-scale international scheme that lured victims with promises of high profits from fake investments in cryptocurrencies and securities.
The entity behind the criminal undertaking had established representative offices and call centers across Europe, Ukrainian police officials revealed. The estimated annual losses resulting from its activities exceeded €200 million ($207 million), a press release detailed.
The operation was carried out together with the NPU’s Main Investigative Department, the Prosecutor General’s Office of Ukraine and assisted by Europol, the European Union Agency for Law Enforcement Cooperation, and Eurojust, which is the EU’s body for judicial cooperation.
- Trust Wallet Token Soars 47% as Binance CEO Shills Self-Custody Solution
Users are fleeing exchanges and turning to non-custodial wallets amid FTX’s collapse. One wallet in particular, and its corresponding token, appear to be reaping the benefits.
TWT, the native token behind Trust wallet, a self-custodial crypto wallet, has posted 47% gains over the past 24 hours, according to data from Coingecko. Token holders are offered discounts on in-app purchases and can also vote on proposed changes to the wallet.
At press time, TWT trades at around $2.40, retreating from its all-time high of $2.30 recorded earlier today. On a weekly note, TWT has gained nearly 100%.
TWT’s daily trading volume is also up 175% to $70 million in the last 24 hours. With a market capitalization slightly above $849 million, TWT is now the 45th-largest cryptocurrency.
https://decrypt.co/114351/trust-wallet-token-soars-binance-ceo-shills-self-custody-solution
- Bitcoin Surging After Elon Musk Says ‘BTC Will Make It, but Might Be a Long Winter’
On Monday (14 November 2022), the Bitcoin price, which had fallen below $16,000 to reach its lowest level in over a year, started surging shortly after a bullish comment from Tesla, SpaceX, and Twitter CEO Elon Musk.
It all started yesterday (13 November 2022) when angel investor and entrepreneur Jason Calacanis asked on Twitter where Bitcoin’s price (which reached an all-time high of around $69,000 on 10 November 2021) would be in a year from now:
bitcoin is ~$16k, down from ~$69k a year ago… where will it be in another year?
— @jason (@Jason) November 13, 2022
Roughly a day later, Musk, who recently bought Twitter for $44 billion, sent out a tweet that suggested he remains confident in Bitcoin’s future:
BTC will make it, but might be a long winter
— Elon Musk (@elonmusk) November 14, 2022
https://www.binance.com/en/news/flash/7278080
- Crypto.com accidentally sends 320k ETH to Gate.io, recovers funds days after
The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet addresses. When trying to confirm the availability of funds on Crypto.com, cold store information revealed a suspicious transfer of 320,000 Ether ETH tickers down $1,259 to a wallet address linked to Gate.io on Oct. 21, 2022.
Community member jconorgrogan raised concerns about the transfer of 320,000 ETH from Crypto.com’s cold wallet to Gate.io, considering that the former claims that 100% of user-owned cryptocurrencies are held offline in cold storage in partnership with hardware wallet provider Ledger.
- Binance Starts Recovery Fund for Crypto Projects Facing Liquidity Crisis
CZ said that more details will be announced in the coming days, and said that the fund is open to industry co-investors.
Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative. Huobi Global also confirmed this in a tweet.
This announcement comes a month after Binance Pool said it was committing $500 million in the form of a lending facility for struggling bitcoin miners.
Binance’s BNB Token is up 3% on the news. Bitcoin and Ether also both gained 4% after the announcement was made.
In remarks made Monday at the B20 Summit in Indonesia, CZ said he wanted the industry, as well as regulators, to take responsibility for cleaning up its act.
“We will we will try to collect the other industry players together to form an industry association globally, and try to deal with some of the common standards in business,” CZ said, citing recent crypto market events as a reason for the initiative to happen “very soon.”.
- Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return Funds to Fraud Victims
Manhattan District Attorney (DA) Alvin Bragg announced Thursday that his office has “frozen more than $1.3 million in cryptocurrency during fraud investigations conducted over the past ten months.”
Bragg detailed, “Using our blockchain analysis expertise, our investigators, prosecutors, and specialized cryptocurrency analysts were able to locate and freeze more than $1.3 million of stolen cryptocurrency in the past 10 months alone,” elaborating:
While many of these cyberthieves are overseas and currently out of our reach, the cryptocurrency they stole is not. We are returning that money to the victims of these schemes — while raising awareness to prevent future fraud.
The announcement adds that cryptocurrency worth $200,000 was seized and is now held in the DA’s accounts.
- Chorus of Lawmakers Collectively Call for Crypto Controls in FTX Fallout
The collapse of cryptocurrency exchange FTX did more than rattle markets this week. It grabbed the attention of several U.S. lawmakers who used the resulting pandemonium as evidence that stricter regulation of the crypto industry is needed.
Numerous officials expressed concerns about the state of the industry and how investors are being harmed, especially those that were impacted by the swift shuttering of FTX. Many asserted that a regulatory framework for crypto is urgently needed.
https://decrypt.co/114333/chorus-of-lawmakers-collectively-call-for-crypto-controls-in-ftx-fallout
- Bitcoin(BTC) Price is in Deep Trouble, but the Whales and Bulls Remain Confident!
Bitcoin price yet again slumped hard during the weekend, as the prices dropped heavily towards the lower support. Meanwhile, the bulls have held the asset within the profitable range but this could be just another short-term bounce. In the short time frame, the BTC price is seen undergoing a significant recovery and hence the market participants could be bullish for a while.
However, the long-term forecast continues to be bearish with the potential targets below $14,000.
Presently, the BTC price has reached the lower support levels around $16,000 and slowed down a bit, reducing the volatility. A rebound was expected, which appears to have ignited a few moments back. This could be the beginning of a minor upswing which may uplift the price beyond $17,000 in the next couple of days.
https://www.binance.com/en/news/flash/7277977
- El Salvador President Bukele says Bitcoin is ‘the opposite‘ of FTX
The shock wave around the FTX explosion was felt globally as it severely fractured investor confidence. However, seasoned crypto entrepreneurs and supporters — including Changpeng “CZ” Zhao and Salvadoran President Nayib Bukele — continue to see through the fog while pushing forward their vision for financial freedom.
Bukele was the man behind Bitcoin’s BTC tickers down $16,788 mainstream adoption in El Salvador. Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different.
FTX is the opposite of #Bitcoin #Bitcoin ’s protocol was created precisely to prevent Ponzi schemes, bank runs, Enron’s, WorldCom’s, Bernie Madoff’s, Sam Bankman-Fried’s…
…bailouts and wealth reassignments.
Some understand it, some not yet.
We’re still early.
/21m
— Nayib Bukele (@nayibbukele) November 14, 2022
https://cointelegraph.com/news/el-salvador-president-bukele-says-bitcoin-is-the-opposite-of-ftx
