Crypto News

The man, still at large, faces five charges, including wire fraud, computer damage, extortion, and money laundering.Source link

Korea Digital Asset Custody (KDAC) has joined Injective (INJ)as a validator, enhancing security and scalability in the blockchain ecosystem, and signaling a shift towards decentralized technologies in Asia. (Read More)Source link

India is reassessing its cryptocurrency regulations as global policies evolve, with officials revisiting a discussion paper that could reshape the country’s approach to digital assets. India May Soften Crypto Stance as US Embraces Bitcoin India is reexamining its stance on cryptocurrency regulations as international perspectives on digital assets shift, Reuters reported Sunday, citing Economic AffairsSource link

U.S. prosecutors have charged a 22-year-old Canadian man with stealing a combined $65 million in crypto through two separate decentralized finance (DeFi) hacks — the 2021 Indexed Finance exploit and the 2023 KyberSwap hack.In a newly-unsealed indictment filed in the Eastern District of New York (EDNY), prosecutors say Andean “Andy” Medjedovic was the mastermind behind both exploits. Though Medjedovic’s alleged role in the KyberSwap exploit was previously unknown, he has publicly admitted to being the Indexed Finance attacker, wiping $16 million from the DeFi platform when he was still a teenager.Read more: After Stealing $16M, This Teen Hacker Seems Intent on Testing ‘Code is Law’ in the CourtsMedjedovic did little to hide his identity as the Indexed Finance hacker because he...

A Canadian hacker allegedly exploited vulnerabilities in two defi platforms, stealing $65 million and laundering funds through crypto mixers, prosecutors say. He remains at large. DOJ Indicts Canadian Hacker for $65M Defi Exploit The U.S. Department of Justice (DOJ) announced on Feb. 3 that a federal court in New York unsealed a five-count criminal indictmentSource link