Crypto News
India Rethinks Crypto Regulations as Global Policies Take a Radical Turn
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 Charge Canadian Man With $65M Hacks of Indexed Finance, KyberSwap
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...
DOJ Charges Canadian National in $65M Crypto Heist, Fugitive Still at Large
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
Ethereum, Solana Rebound as Trump Agrees to Pause Tariffs on Canada
Ethereum and Solana rebounded sharply from weekend lows after the U.S. halted trade penalties, with AI tokens providing additional momentum.Source link
Nobel Laureate Eugene Fama: Bitcoin Is Doomed to Be Worthless
Nobel laureate economist Eugene F. Fama predicts bitcoin’s collapse, estimating its chances of survival as nearly zero and dismissing it as worthless. Nobel Economist Says Bitcoin’s Collapse Is Near Certain Eugene F. Fama, a Nobel Prize-winning economist known for his work on asset pricing and the efficient market hypothesis, believes bitcoin will ultimately become worthless.Source link