Former Deutsche Bank exec pleads guilty over ‘R3 Crypto Fund’ scheme
    20 Sep 2023

    Rashawn Russell faces up to 30 years in prison for his role in the fraudulent cryptocurrency trading scheme. A former Deutsche Bank investment banker, who was charged earlier this year in relation to a fraudulent cryptocurrency trading scheme, has pleaded guilty to investment fraud — and could face up to 30 years in prison. According…

    Criminals more reliant on cross-chain bridges than ever after mixer crackdowns
    20 Sep 2023

    The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, but that is now accelerating even faster than projected. Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic. In June and July, nearly all of the crypto stolen…

    The Lindy effect and how it presents itself in Web3
    20 Sep 2023

    The corporate world is filled with the carcasses of companies (and cryptos) who found out too late that the Lindy effect could not save them. If you ask people if they think that companies that have been around for many decades (even more than a hundred years) versus a startup would have a better chance…

    CoinEx hack: Compromised private keys led to $70M theft
    20 Sep 2023

    CoinEx confirms that compromised private keys gave hackers access to hot wallets, leading to a $70 million hack. Hong Kong-based cryptocurrency exchange CoinEx has revealed that compromised private keys allowed hackers to steal over $70 million of tokens as the team looks to open lines of communication to claw back funds. CoinEx representatives unpacked the…