Eugene William Austin Jr., also known as Hugh Austin, was sentenced to 18 years in prison and three years of supervised release for orchestrating a tag-team cryptocurrency investment scam that defrauded more than two dozen victims of $12 million.Austin, 62, and his son Brandon masqueraded as crypto

KiloEX has released its resolution plan to address imbalances in trading positions following a $7 million price oracle manipulation attack last week.The perpetual futures DEX said trades that stayed open throughout the platform’s 10-day pause will be eligible for compensation. Participants were advi

DePIN project Helium is collaborating with AT&T to bring its community-built Wi-Fi network to the telecom giant’s subscribers, according to an announcement on Thursday. Helium is a decentralized network that encourages users to deploy "mini cell towers," called Hotspots, by offering token incentives

Decentralized exchange (DEX) KiloEx said it will compensate traders and stakers hurt by a $7.5 million exploit that temporarily shut down the platform earlier in April.In an April 24 announcement, KiloEx said traders who had positions open while the platform was suspended would get full compensation

The Bitcoin market appears to have resumed its upward momentum, with BTC’s price trading above the psychological $90,000 level as it reclaims major highs. As of today, BTC has been able to surge as high as $94,32 before now retracing to a current price of $93,473, marking a 3.1% increase in the past

U.S. prosecutors of the Southern District of New York have requested the district judge to sentence a prison term of 78 to 97 months for Mango Markets exploiter Avraham "Avi" Eisenberg, according to a filing submitted on Tuesday."This sentence is necessary to, among other things, appropriately refle

Shaquille O’Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida.The settlement amount remains confidential, with terms expected to be disclosed after investors

Key points:Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023.Exchange balances continue to plumb new multiyear lows.Whales are particularly active buyers this month, while retail shows classic “panic selling.”Bitcoin exchanges ar

South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks.DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, designated SNX as a ca

The sentencing of former Celsius CEO Alex Mashinsky is scheduled for May 8, 2025, following his guilty plea on two criminal counts late last year, according to a New York district court filing on Wednesday.In July 2023, federal prosecutors accused Mashinsky of several crimes, including commodities f

Bitcoin has reclaimed significant ground after a steep correction earlier this month, now trading above $93,000. The cryptocurrency is currently priced at $94,014, reflecting a 5% increase over the past 24 hours and more than 20% in gains over the last two weeks.This price level marks a renewed effo

US federal prosecutors have filed statements from hundreds of victims in their case against Alex Mashinsky, the founder and former CEO of the defunct crypto lender Celsius Network.The recently sworn-in interim US Attorney for Manhattan, Jay Clayton, said in an April 23 letter to a Manhattan federal

US federal prosecutors have asked a district judge to sentence Avraham “Avi” Eisenberg, the crypto user convicted of the $110 million exploit of the decentralized exchange Mango Markets in 2022, to at least six and a half years behind bars.Ahead of Eisenberg’s May 1 sentencing hearing, US prosecutor

By Elsa OhlenBitcoin and other cryptocurrencies pulled back early Thursday after a recent rally that propelled the world's largest digital coin to its highest level since before president Trump's " Liberation Day."Bitcoin is down 1.9% to $92,370 over the last 24 hours, according to CoinDesk data. It

The Los Angeles Police Department has recovered $2.7 million worth of Bitcoin mining machines it alleges were stolen by a crime ring in a heist at the city’s airport.The LAPD said on April 22 that detectives from its Cargo Theft Unit, along with the city’s Port Police, the railroad-based Union Pacif

The host of The Wolf Of All Streets podcast, Scott Melker, says he’s received word that his face and name are being impersonated by scammers, with at least one victim duped out of $4 million. On April 23, the crypto investor said, “I’m sick,” reporting that he’d been contacted by a private investiga

Ethereum’s price action appears to be setting the stage for a major move that could redefine its market trajectory by the end of 2025. Although recent months have seen the cryptocurrency’s price lose its footing, technical analysis shows that this phase might be coming to an end. Particularly, Ether

The Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) has released its annual report detailing complaints and losses due to scams and fraud involving cryptocurrency in 2024.According to the report released on April 23, the IC3 received more than 140,000 complaints referencing c

The Alabama Securities Commission, a financial regulator for the US state, dropped its lawsuit against crypto exchange Coinbase, which accused the company of violating securities laws by offering staking services to clients.The regulator cited the ongoing work between the US Securities and Exchange

Crypto analyst Melika Trader has warned about a bearish pattern that could be forming for the Bitcoin price. Based on this, the analyst predicts that the largest crypto by market cap could crash to as low as $78,000. Bitcoin Price Forming Head And Shoulders Pattern In a , Melika Trader revealed that