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  • Represent Hackers reportedly wipe out $90 million from largest iranian cryptocurrency exchange article
    3m read

    Hackers reportedly wipe out $90 million from largest iranian cryptocurrency exchange

    Hackers with possible links to Israel have reportedly stolen over $90 million from Nobitex, Iran’s largest cryptocurrency exchange. The group claiming responsibility, 'Gonjeshke Darande', leaked source code and stated the attack was politically motivated, accusing Nobitex of aiding Iran in evading sanctions and funding militants. The stolen funds were transferred in a way that effectively burned them, sending a political message amidst escalating tensions between Israel and Iran. Nobitex confirmed 'unauthorized access' to its systems, which caused its app and website to go down. The attack underscores concerns about Iran's use of cryptocurrencies to bypass international sanctions.

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  • Represent 'I have never seen such open corruption': Trump’s crypto deals and loosening of rules shock observers article
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    'I have never seen such open corruption': Trump’s crypto deals and loosening of rules shock observers

    Explore the controversy surrounding Donald Trump's immense profits from cryptocurrency ventures, including the $Trump memecoin and investments in World Liberty Financial, alongside his administration's swift efforts to loosen crypto regulations at agencies like the SEC and Justice Department. Learn how ethics watchdogs, former prosecutors, and scholars are raising alarms, calling his actions unprecedented self-enrichment and conflicts of interest. The article details specific instances like rewarding top crypto buyers with access, significant investments from figures like Justin Sun, and the easing of enforcement against companies like Binance. Understand the sharp contrast between Trump's current pro-crypto stance and his past skepticism, and the legislative efforts by Democrats and criticism from former Republicans aimed at addressing these alleged ethical breaches and the potential risks for investors.

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  • Represent Pro-israel hackers take credit after $90 million stolen from iran’s largest crypto exchange article
    4m read

    Pro-israel hackers take credit after $90 million stolen from iran’s largest crypto exchange

    Pro-Israel hacking group "Predatory Sparrow" claims responsibility for stealing roughly $90 million from Iran’s largest cryptocurrency exchange, Nobitex. The hackers stated the attack aimed to weaken Iran and targeted the exchange for allegedly being used to skirt international sanctions. In an unusual move, the stolen funds may have been sent to wallets the hackers don't control, effectively throwing the money away. Nobitex confirmed the incident, suspending access as a precaution. This cyberattack marks an escalation in the cyber shadow war between Israel and Iran, occurring amid physical military strikes. Predatory Sparrow, suspected of ties to Israel, has previously hit Iranian infrastructure. Experts note the hack could impact ordinary Iranians who rely on crypto.
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  • Represent Pro-Israel hackers take credit after $90 million stolen from Iran’s largest crypto exchange article
    3m read

    Pro-Israel hackers take credit after $90 million stolen from Iran’s largest crypto exchange

    Pro-Israel hackers known as "Predatory Sparrow" claim responsibility for a cyberattack that stole approximately $90 million from Nobitex, Iran's largest cryptocurrency exchange. The group stated they targeted the exchange because Iran allegedly used it to circumvent international sanctions, and they may have transferred the stolen funds to unusable wallets. This incident, alongside other recent hacks on Iranian entities, is seen as an escalation in the ongoing cyber conflict between Israel and Iran, potentially impacting ordinary Iranians who use crypto.

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  • Represent United States Files Civil Forfeiture Complaint Against $225M In Cryptocurrency Investment Fraud Money Laundering article
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    United States Files Civil Forfeiture Complaint Against $225M In Cryptocurrency Investment Fraud Money Laundering

    The Department of Justice (DOJ) has filed a civil forfeiture complaint against over $225.3 million in cryptocurrency. The DOJ alleges the funds are connected to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, often called "cryptocurrency confidence scams." Law enforcement utilized blockchain analysis and other techniques in their investigation. Victims of such fraud are encouraged to contact the FBI Internet Crime Complaint Center (IC3) at www.ic3.gov and use the code "BT06182025" if reporting a related scam mentioned in the complaint.

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