Cryptocurrency exchange Gemini announced they do not have any banking relationship with collapsed Silicon Valley Bank. This includes all Gemini products and services, including the Gemini dollar (GUSD).
Sad news today regarding Silicon Valley Bank (SVB). Our thoughts are with all those impacted. @Gemini does not have any banking relationship with Silicon Valley Bank. This includes all Gemini products and services, including the Gemini dollar (GUSD).
— Gemini (@Gemini) March 10, 2023
According to a report by Ledger Insights, the German parliament (Bundestag) has passed the "Financial Market Digitalization Act" (Finanzmarktdigitalisierungsgesetz or FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR comes into full effect on December 30th.
Odos DAO posted on X platform, stating that they have noticed phishing email attacks related to the "ODOS Loyalty Program" in the community and reminded users to be cautious. Odos DAO and ODOS will not send emails to users. All official communication is only conducted through verified Twitter accounts. Do not click on any suspicious links.
According to a report summarizing key security trends in 2024 by Cyvers, Web3 network threats will increase sharply in 2024, resulting in losses of over 2.3 billion US dollars and a total of 165 security incidents. Although the loss amount is 40% higher than in 2023 (1.69 billion US dollars), it is still 1.42 billion US dollars lower than in 2022 (3.78 billion US dollars). It is worth noting that 1.3 billion US dollars of stolen funds were recovered this year.
according to Scam Sniffer, there are currently phishing ads impersonating Virtuals Protocol appearing in Google search results. If users click on these links to connect their wallets and sign transactions, these fraudulent ads may steal users' assets. Users should be careful to identify and prevent theft.
Vivek Ramaswamy, who co-leads the US government efficiency department with Musk, confirmed that his X account was hacked and false news about cooperation with USUAL was previously released.
Binance Futures will launch the following quarterly 0627 delivery contracts for U-based and coin-based contracts within a few hours after the expiration of the quarterly 1227 delivery contracts on December 27 at 16:00 U.
Scam Sniffer posted on X platform that zkPass's X account was hacked and false airdrop messages were released, reminding the community to be cautious.
According to CertiK Alert monitoring, Slurpycoin on BSC has suffered a flash loan attack. The attacker manipulated the token price using a buyback mechanism and made a profit of about $3,000 from sandwich arbitrage. This attack is also responsible for the $10,000 loss of MRP tokens on July 2.
On December 19th, the European police organization collaborated with law enforcement agencies from six countries to dismantle an international drug trafficking group that used cryptocurrency. The operation resulted in the arrest of 9 suspects. During the operation, valuable items including gold and luxury goods, €35,000 in cash, and €25 million in cryptocurrency (equivalent to $26.23 million) were seized. The total value of assets seized was €27 million, equivalent to $28.33 million.
According to Bloomberg, cryptocurrency exchange Gemini has reached a settlement with the New York Attorney General's Office over a fraud lawsuit, agreeing to pay $50 million worth of digital assets to Gemini Earn investors. As part of the settlement agreement, Gemini Earn is also prohibited from operating in the state. Gemini said in a statement on Friday that the final distribution of proceeds will arrive in customer accounts within seven days.Previously, New York Attorney General Letitia James sued Gemini in October last year, accusing the platform of misleading investors in the Gemini Earn project, resulting in losses of over $1 billion.
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