Founder – Coin HD

Bitzlato Founder Sentenced to Prison for Facilitating Money Laundering

Leave a Comment / Bitzlato, Founder / Nisha

On July 18, Judge Eric Vitaliano sentenced the founder of the Bitzlato cryptocurrency exchange to 18 months, the time he had already served, for running an unlicensed money-transmitting business. Anatoly Legkodymov pleaded guilty last year to running an operation that facilitated the concealment of over $700 million in proceeds from illegal gambling and drug transactions. […]

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Frax Finance Founder Claims Inside Job at X Resulted in Account Hack

Leave a Comment / Finance, Founder / azlan90

Sam Kazemian, founder of Frax Finance, has alleged that an inside job at X was responsible for the hack of the project’s official account. The breach, which occurred on June 1, led to the decentralized stablecoin protocol behind FRAX USD losing access to its X account. In a Telegram post dated June 3, Kazemian mentioned

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MicroStrategy Founder Michael Saylor Nets $370M From MSTR Sales

Leave a Comment / Founder, MicroStrategy / azlan90

MicroStrategy founder Michael Saylor has sold up to 370,000 shares of his brainchild over the past four months. This follows his entry into a stock-sale agreement with the company last year. Under the agreement, he has the authorization to unload up to 400,000 shares until April of this year. Saylor to Offload 400,000 Shares Michael

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Mempool Founder Mononaut Raises Red Flag Over Bitcoin Layer 2 Implementations

Leave a Comment / Founder, Mempool / Admin

Bitcoin Layer 2 solutions have gained significant traction this year but have also drawn their fair share of criticisms. Mempool founder Mononaut has strongly criticized them and pointed out several drawbacks from a technical standpoint. Interestingly, Mononaut’s stance gains support as Bitcoin Ordinals founder Casey Rodarmor. Bitcoin Layer 2 Under Fire The main objective of

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Milady Founder Acknowledges Hack After Loss of Millions in ETH and NFTs

Leave a Comment / Founder, Milady / Nisha

Charlotte Fang, the founder of Milady and Remilia, acknowledged a security breach after millions of dollars worth of Ether and Non-fungible tokens (NFTs) were moved to a wallet engaged in asset liquidation. The incident highlights the escalating issue of hacks and security vulnerabilities within the crypto sector, especially affecting decentralized finance (DeFi) platforms. Remilia Treasury

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XCAD Founder Jumps to KSI’s Defense Amid Pump and Dump Allegations

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Last updated: February 16, 2024 14:13 EST | 1 min read XCAD Network founder Oliver Bell defended Youtuber KSI on February 15 after the content creator was accused of performing a pump-and-dump scam with several of his digital asset tokens, including XCAD. In an X post, Bell noted that KSI – whose real name is

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Uniswap Founder Cautions Against Fake ENS Domain Scams

Leave a Comment / Founder, Uniswap / Admin

Hayden Adams, the founder of Uniswap, took to social media to alert the crypto community about a new wave of scams targeting users through deceptive user interfaces (UIs) in crypto wallets. Adams’ warning sheds light on how scammers are leveraging fake clones of Ethereum Name Service (ENS) domains to deceive users and potentially siphon funds.

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RenrenBit Founder Sentenced in Prison as China Cracks Down on Crypto Activities

Leave a Comment / Founder, RenrenBit / Avery Clarkson

China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. The prominent crypto figure faced charges for running illegal business operations and engaging in unauthorized foreign exchange trading. This move underscores China’s continued crackdown

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Binance Founder CZ to Remain in the US Until Sentencing

Leave a Comment / Binance, Founder / Admin

A United States district judge has ruled that Changpeng Zhao (CZ), the founder and former CEO of the world’s largest cryptocurrency exchange Binance, will remain in the country until his sentencing on February 23, 2024. According to an official document, Judge Richard Jones agreed with the U.S. government that CZ’s return to his home in

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Tron Founder Justin Sun Confirms Exploit on HTX and HECO Cross-Chain Bridge

Leave a Comment / Founder, Justin / azlan90

PeckShield revealed that over $86.6 million in digital assets were moved from the HECO Chain bridge to addresses raising suspicion. The blockchain security firm said the bridge was compromised, and the transaction was initiated by the operator, indicating a potentially compromised operator. The latest breach is the second recent incident tied to Justin Sun’s projects.

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