Cointime

Download App
iOS & Android

Event

SlowMist: Total losses due to security incidents last week exceeded $8.8 million

According to the weekly security report (June 3-9, 2024) released by SlowMist, the total loss exceeded $8.8 million.

1. Loopring: A security vulnerability in the Loopring smart wallet resulted in a loss of $5 million.

2. Gemholic: Lost $3.4 million in a rugpull and disappeared after transferring funds.

3. TLN Protocol: Lost $280,000 on the BNB Chain due to a contract vulnerability.

4. SteamSwap (STM): Lost $105,000 on the BNB Chain due to a contract vulnerability.

5. NCD: Lost $20,000 on the BNB Chain due to a contract vulnerability.

The United States indicts three people for Evolved Apes NFT fraud, involving $3 million

The Southern District of New York's prosecutor's office has charged Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan with participating in the 2021 Evolved Apes NFT fraud. The project promised to develop a video game, but after the fundraising ended, the anonymous developer Evil Ape disappeared and transferred 798 ether (about $3 million). This case is considered part of the "rug pull" scam, in which developers raise funds by selling NFTs or tokens and then suddenly close the project and disappear. According to statistics, similar scams have caused more than $14.5 billion in losses since 2011.

Florida Man Pleads Guilty for Participating in Forcount Crypto Ponzi Scheme

Juan Tacuri, a man from Florida, admitted to participating in the telecommunications fraud conspiracy of the Forcount cryptocurrency Ponzi scheme and faces up to 20 years in prison. The Forcount scam was based in Brazil and defrauded Spanish-speaking investors around the world, involving approximately $8.4 million. Tacuri admitted to the crime in the Southern District Court of New York and agreed to return nearly $4 million and real estate to the victims.

Tacuri and his accomplices falsely claimed that Forcount would double investments within six months, but in reality, they only used new investors' money to repay earlier investors and live extravagantly. In 2022, the US Securities and Exchange Commission filed a civil lawsuit against Tacuri and three other members. This year, Tacuri will be sentenced by District Judge Analisa Torres.

SBF is now back at the Metropolitan Detention Center in Brooklyn, New York

Sam Bankman-Fried, co-founder of FTX, has returned to the Metropolitan Detention Center in Brooklyn, New York after being transferred to prisons in Oklahoma and Pennsylvania last month. The transfer was in accordance with Judge Lewis Kaplan's request to facilitate contact with his appeal lawyers. Bankman-Fried was sentenced to 25 years in prison last year for multiple fraud charges related to the collapse of the cryptocurrency exchange FTX. Another FTX official, Ryan Salame, was sentenced to 7 and a half years in prison last week.

California lawyer pleads guilty to $9.5 million crypto Ponzi scheme, faces up to five years in prison

California lawyer David Kagel, who had his license revoked, admitted to planning a cryptocurrency Ponzi scheme that defrauded victims of more than $9.5 million. The 85-year-old Kagel promised high returns through an AI trading robot and falsely claimed to hold $11 million in Bitcoin to ensure investment safety. He used his lawyer status to gain trust and provided forged letters on company letterhead to support false claims. Kagel and his accomplices did not invest the funds but instead used them for personal gain. Kagel faces up to five years in prison, with the sentencing date set for September 10. His accomplices are David Gilbert Saffron and Vincent Anthony Mazzotta Jr.

Binance exec Tigran Gambaryan faints during Nigerian money laundering trial

On May 24th, it was reported that Tigran Gambaryan, a detained executive of Binance, collapsed during a money laundering trial in Nigeria on May 23rd. Gambaryan did not immediately go to the defendant's seat when the case was opened, and he had to be assisted by his lawyer to walk to the defendant's seat from the back row. However, he fainted on the way and had to sit in the front row. His lawyer informed the court of his deteriorating health and submitted a written application to report his condition to the court.

Judge Nwite ruled that Gambaryan should receive treatment at a hospital recommended by his lawyer or another hospital designated by the prison authorities. The trial has been postponed to June 20th and 21st to allow Gambaryan to receive treatment.

US Senator Cynthia Lummis Releases Bitcoin Laser Eye Photo

US Senator Cynthia Lummis posted a Bitcoin laser eye photo on X platform, with the caption featuring a Bitcoin symbol.

Trump will hold a private dinner on the day of the court recess, inviting NFT trading card buyers to attend

On May 10th, according to sources, former US President Donald Trump will host a dinner at his Mar-a-Lago estate on a day off, inviting NFT trading card buyers to attend. This event is part of Trump's series of non-campaign activities, aimed at balancing his White House campaign and legal disputes. After Stormy Daniels testified in Trump's trial on Tuesday, Trump expressed his desire for campaigning rather than being tied up in court. Despite no public campaign activities on Wednesday, Trump's schedule includes private political meetings.

Do Kwon appeals extradition, accusing the court of improper judicial interpretation

According to BSCN Headlines on X platform, Do Kwon has filed an extradition appeal, accusing the court of "strange" legal interpretations.

ViaBTC auctions rare epic sats from Bitcoin’s fourth halving block, with the current highest bid being 3 BTC

On April 24th, ViaBTC announced on their social media platform that they have entrusted the CoinEx platform to auction off the rare Satoshi named "epic sats" from the fourth Bitcoin halving block. The current highest bid is 3 BTC, worth approximately $200,000. Earlier it was reported that ViaBTC mined the fourth Bitcoin halving block (840,000), which included 3,050 transactions, and the block reward (including transaction fees) was 40.751 BTC.