A press release from the Cayman Islands Monetary Authority (CIMA) states Binance is not registered to operate as a crypto exchange from the British Overseas Territory.“The Cayman Islands Monetary Authority (the “Authority”) wishes to inform the public that Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised by … [Read more...] about Cayman Islands joins in global regulatory attacks against Binance, what is happening?
Attacks
U.S. Senator blames crypto for rising ransomware attacks
Ransomware has been around for decades, but trust political figures to blame crypto for its rise. This weekend on NBC News’ Meet the Press, US senator Roy Blunt alleged the privacy offered cryptocurrencies were fuelling the recent spate of hacking attacks.“It took gasoline and beef for us to think this is really a serious problem,” he said, adding that the anonymity provided by … [Read more...] about U.S. Senator blames crypto for rising ransomware attacks
Binance Smart Chain sounds alarm over ‘well-organized’ DeFi attacks
Following a series of high-profile, multimillion hacker attacks on several decentralized finance (DeFi) platforms based on Binance Smart Chain, the network has issued an official “call for action” to developers.“There are >8 #flashloan hacks recently, we believe, an well organized hackers (sic) are targeting #BSC now. It is very (sic) challenging time for the BSC communty … [Read more...] about Binance Smart Chain sounds alarm over ‘well-organized’ DeFi attacks
The perils of suing crypto exchanges after ransomware attacks
In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to its systems. The firm’s United Kingdom-based insurer — known only as AA … [Read more...] about The perils of suing crypto exchanges after ransomware attacks