Police Raid on Worldcoin Warehouse
Kenyan police allegedly raided the Nairobi warehouse of identity and cryptocurrency protocol Worldcoin, confiscating documents and machines. The parent company, Tools for Humanity, failed to disclose its true intentions during registration.
FBI Warning on NFT Fraud Schemes
The FBI issued a warning about criminals posing as legitimate NFT developers in financial fraud schemes. They gain access to developer social media accounts or create similar accounts to promote new NFT releases, often using urgent language to create a sense of scarcity.
Senaors Press Biden on North Korea’s Use of Stolen Crypto
Three US Democratic senators are urging the Biden administration to disclose more information about efforts to counteract North Korea’s use of stolen cryptocurrency to fund its nuclear program. They see this as a severe national security threat and are seeking details on steps being taken to address the problem.
Curve Finance Offers Bounty for Identifying Attacker
DeFi protocol Curve Finance is offering a $1.85 million bounty for information about the identity of an exploiter. The team is seeking legal repercussions and will reward 10% of the remaining exploited funds to the person who can identify the attacker in a way that leads to a conviction.
National Crime Agency Hiring for Crypto Investigations
The UK’s National Crime Agency is hiring for senior roles in its newly formed Digital Assets Team. Positions include a Digital Assets Disclosure Officer and Cryptocurrency Financial Investigations Managers.
Hong Kong Regulator Warns Against Unlicensed Virtual Asset Trading Platforms
The Hong Kong Securities and Futures Commission (SFC) has warned against unlicensed virtual asset trading platforms engaging in improper practices. It is a criminal offense to conduct unlicensed activities in Hong Kong, and some platforms have been misleading the public about their licensing status.
Red Cross Singapore Accepts Cryptocurrency Donations
Red Cross Singapore has partnered with a crypto payment gateway to accept donations in bitcoin, ethereum, tether, and USD Coin. All crypto donations will be converted into fiat currency and settled via bank transfer within one business day.
Hot Take
The crypto space continues to face challenges in the form of police raids, fraud schemes, and regulatory concerns. However, there are also positive developments, such as the acceptance of cryptocurrency donations by organizations like Red Cross Singapore. It is important for crypto enthusiasts to stay informed and cautious in order to navigate these evolving circumstances.
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