Crypto News
Hackers Using Github to Steal Crypto—Malware Hidden in Open Source
A stealthy malware campaign is hijacking crypto wallets by embedding malicious code in fake open-source projects on Github, tricking developers into executing hidden payloads. Stealthy Malware on Github Is Hijacking Crypto Wallets A recently uncovered cyber campaign known as Gitvenom has been targeting Github users by embedding malicious code within seemingly legitimate open-source projects. KasperskySource link
Feds Take Down 73-Year-Old in $2.4M Crypto Conspiracy—Prison Time Looms
A federal jury in Texas has convicted Randall V. Rule, 73, of laundering cryptocurrency linked to various fraud schemes, including romance scams and real estate fraud. Prosecutors revealed that Rule and co-conspirator Gregory C. Nysewander converted illicit funds into cryptocurrency and funneled them to accounts controlled by domestic and foreign partners. To evade detection, theySource link
India Seizes $2.8M in Crypto After Raiding 60+ Locations in Gainbitcoin Scam
India’s CBI has seized cryptocurrencies worth approximately $2.8 million in raids across over 60 locations, uncovering key evidence in the Gainbitcoin scam. CBI Seizes Cryptocurrency in Gainbitcoin Scam Raids The Central Bureau of Investigation (CBI) announced this week that it has seized cryptocurrencies worth INR 23.94 crores (approximately $2.75 million) and other key evidence followingSource link
House Panel Strikes Down IRS Crypto Rule—DeFi Just Scored a Major Win
A House committee has moved to repeal the IRS’ controversial “DeFi Broker Rule,” arguing it would stifle innovation, overwhelm the agency with filings, and disadvantage U.S. crypto users. House Committee Blocks IRS DeFi Broker Rule The House Ways and Means Committee has voted to repeal the Biden Administration’s last-minute “DeFi Broker Rule,” arguing that theSource link
The SEC’s Crypto Course Reversal
The U.S. Securities and Exchange Commission has been busy over the past few weeks, hinting at a brighter future for crypto companies.PS: I'll be in San Francisco next week for the American Banker Payment Forum. Say hello.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.New eraThe narrativeThe crypto industry racked up a number of early wins in the first month (and week) of Donald Trump's second term as U.S. president. The U.S. Securities and Exchange Commission announced it would drop or close half a dozen open investigations and ongoing cases, and asked courts to pause two more.Why it mattersThe crypto industry clearly won big during...