OODA Analysis and Briefs

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There is no talking to some people (Update)

The Weekly Standard posts a well done bit of research (got to get me a think-tank job) on what is really needed in our war efforts from an intelligence perspective. Since I think it deserves a full read I’m not going to post an extract, suffice it to say that when presented with an opportunity…
Pretenders

Army STRATCOM tries and fails: Information Operations Newsletter Compiled by: Mr. Xxxx Xxxxxx US Army Strategic Command G3 Plans, Operations, and Exercises Information Operations Branch Table of Contents […long list of somewhat relevant IO-related news stories . . .] Everyone wants to be TWI-3; no one wants to make the effort. Guys, if your audience…
Two Steps Back (Update)

Welcome OTB readers . . . Christine Axsmith, a software contractor for the CIA, considered her blog a success within the select circle of people who could actually access it. Only people with top-secret security clearances could read her musings, which were posted on Intelink, the intelligence community’s classified intranet. Writing as Covert Communications, CC…
Info Sharing: Still Not Getting It

U.S. officials said Tuesday the U.S. intelligence community was grappling with policies to effectively share information. […] Rep. Rob Simmons, R-Conn., chairman of the Homeland Security Intelligence Subcommittee of the U.S. House of Representatives, said he was not satisfied with progress on reforming national intelligence capabilities to counter threats. […] The U.S. Congress mandated modernization…
Location, Location, Location

Director of National Intelligence John D. Negroponte may have his eye on history as he attempts to secure a prime downtown Washington property – Navy Hill, overlooking the Potomac River – for his headquarters. During World War II, the property’s gracious Central Building, constructed in 1910, served as the home office for William “Wild Bill”…
HLS: Serious

The Transportation Security Administration, which has faced start-up pains for much of the past four years, is expanding career opportunities for passenger and baggage screeners in hopes of reducing staff turnover and improving aviation security. For the most part, TSA screeners have had little chance to advance in their jobs, and many have quit because…
Now Please

Now is the time to tell our soldiers in Iraq that “hot pursuit” is okay, that the terrorist training camps on both sides of Iraq are legitimate targets, to be attacked in self-defense. Now is the time to tell the Iraqi government to come forward with the abundant evidence of Iranian evil-doing, and that we…
How Soon?

More a current events than an intel post, so pardon the interruption . . . So I’m reading about Hezbollah rocket attacks against Nazareth and for some reason I’m taken back to the spring of 2001 when the Taliban blew up the Bamiyan Buddhas and I wonder: how soon before there is no physical evidence…
Bassem gets out from under a cloud

An internal investigation by the [FBI’s] Office of Professional Responsibility found “sufficient circumstantial evidence” that Special Agent Bassem Youssef was blocked from a counterterrorism assignment in 2002 after he and U.S. Rep. Frank R. Wolf (R-Va.) met with FBI Director Robert S. Mueller III to discuss Youssef’s complaints. […] Youssef, who served as FBI…
Good Points

SOI reminds us that success in this fight means less about territory than some would suggest. The down-side; it means that it’ll get uglier before it gets prettier.
Sometimes they mean just what they say

Iran’s Hizbollah, which claims links to the Lebanese group of the same name, said on Tuesday it stood ready to attack Israeli and U.S. interests worldwide.”We have 2,000 volunteers who have registered since last year,” said Iranian Hizbollah’s spokesman Mojtaba Bigdeli, speaking by telephone from the central seminary city of Qom. Somewhere in the Pentagon,…
Quite Possibly the Best News . . .

. . . to come out of the IC in a long time: Many U.S. intelligence agencies as well as the congressional intelligence oversight committees hire their senior staff from a predictable, somewhat in-grown pool of personnel, which frequently includes those who have previously worked in the intelligence field since they can be immediately cleared.…
Are you F’ing Kidding Me?

A former State Department official at the center of an espionage investigation is claiming reports of his involvement with a Taiwanese intelligence agent are inaccurate and distorted. In a court filing Friday, lawyers for the veteran American diplomat, Donald Keyser, insisted that no harm to America’s security was done by his lengthy and sometimes intimate…
Ask the Widows and Orphans

Reading this I am reminded of three things; the stellar effectiveness at keeping the peace that UN forces in Srebrenica, their inability to keep their pants on in the presence of children, and the idea that a best-seller-scenario (as opposed to movie-plot-threat) is actively being discussed as an option. Peacekeepers, please. Marine barracks bombing ring…
HLS: Not Serious (Personal)

So I’m flying home from DC and dutifully get in like at the TSA screening point. No, no one placed a wand in an inappropriate place or groped me or made me drink my own bodily fluids. No, I was struck by the TSA staff, which consisted of one . . . what is the…

Briefs

‘BouldSpy’ Android Malware Used in Iranian Government Surveillance Operations

A piece of Android spyware, used by the Iranian government to monitor minority groups in the country andsurveil arms, alcohol, and drugs trafficking, has been analyzed by the mobile security firm Lookout. Named BouldSpy, the android spyware is most likely installed by the Law Enforcement Command of the Islamic Republic of Iran (FARAJA) by using…
CISA Asks for Public Opinion on Secure Software Attestation

CISA, the US Cybersecurity and Infrastructure Security Agency, announced that proposed guidance for secure software development is now open to public opinion and review. The public can now provide feedback on the self-attestation form for secure software development for a 60-day period. This requires the providers of software for the government to confirm that security…
Polygon Lending Protocol 0VIX Pauses Protocol After $2M Exploit

0VIX, a lending protocol on Polygon and Polygon zkEVM, has reportedly been exploited for at least $2 million. The protocol enables borrowing against multiple stablecoins, derivatives of Ethereum and Polygon’s native MATIC token, as well as Aavegotchi’s staked token, vGHST. Aavegotchi is a blockchain gaming project inspired by the popular Tamagotchi game. The exploit was…
Layer 0 Blockchain Security: Risks and Mitigation Strategies

According to 2021 data, the blockchain market is predicted to expand by 68.4% by 2026. Businesses have embraced blockchain technology, with 80% of senior executives believing the technology will go mainstream. However, businesses, developers, and users need appropriate blockchain education and implementation strategies to achieve this. This is because they expose their blockchain projects to…
CFTC wins record $3.4B penalty payment in Bitcoin-related fraud case

A record-breaking $3.4 billion penalty has been handed down by a Judge in a lawsuit brought by a United States financial regulator involving a fraudulent scheme involving Bitcoin. An April 27 statement from the Commodity Futures Trading Commission said Texas District Court Judge Lee Yeakel ordered Cornelius Johannes Steynberg to pay the sum for his…
Ex-CFO gets 3 years prison for stealing from SPACs to trade meme stocks, cryptocurrencies

A former chief financial officer of multiple special purpose acquisition companies (SPACs) was sentenced to three years in prison on Thursday for embezzling more than $5 million from them, and losing almost all of it trading meme stocks and cryptocurrencies. Cooper Morgenthau, 36, of Fernandina Beach, Florida, pleaded guilty to one count of wire fraud…
AI and Cryptocurrency: The Future of Finance

AI is a rapidly expanding subject that is reshaping all facets of our lives, including healthcare, transportation, and finance. At its heart, artificial intelligence (AI) is a collection of technologies that enable machines to perform jobs that were formerly thought to be exclusively human, such as identifying patterns, making decisions, and even creating art. AI…
Looting, Roadblocks: Paramilitary Is a Scary Neighbor in Sudan’s Capital

In the twelves days since war broke out in Sudan, the civilians who live in Khartoum have had to live side by side with armed fighters. The fighters have moved into homes and taken over stores and hospitals, both terrifying and wooing civilians. Many residents try to avoid the paramilitary faction if possible. The paramilitary…
Ukraine war: Eighteen dead as Russian missiles hit cities

There has been a wave of Russian air strikes on cities across Ukraine that has left at least 19 people dead. The Russian defense ministry said its military targeted Ukrainian army reserve units using high-precision weapons. This is said to have been the first Russian missile attack on the capital in 51 days. Ukrainian President…
Google Bans 173,000 Bad Developers in 2022

Google is making it harder for malicious developers to get their software published on its Play store. It has removed large volumes of bad accounts and added phone, email, and “other identity verification methods.” This has helped them to reduce the number of accounts used to publish apps that violate its policies. Google has also…
Chinese Cyberspies Delivered Malware via Legitimate Software Updates

Chinese APT Evasive Panda, a cyberespionage group that historically has targeted individuals and government entities in Asian countries, has been observed targeting local members of an international non-governmental organization (NGO) with the MgGot backdoor. The malware was likely delivered to victims through update channels of popular Chinese software. It allows attackers to harvest large amounts…
How This Scammer Rugged Investors by Creating 114 Meme Coins

On-chain sleuth ZachXBT has shed light on a scammer who rugged investors by creating 114 meme coins within 45 days. The meme coin season kicked off recently, and scammers were quick to rug unsuspecting investors. Meme coins driven by various memes, such as the popular doge meme, have no utility. Some are created as a…
What security? Bitcoin enthusiast cracks known 12-word seed phrase in minutes

A systems architect cracked a seed phrase and won a 100,000 Satoshi bounty, or 0.001 Bitcoin, worth $29, in just under half an hour. Cointelegraph spoke to Andrew Fraser in Boston, who underscored how critical it is to keep a Bitcoin wallet seed phrase secure and offline. A seed phrase or recovery phrase is a…
Understanding Cryptocurrency Wallets: Types, Security, And Functionality

Cryptocurrency wallets are digital wallets that are used to store, send, and receive cryptocurrencies like Bitcoin, Ethereum, and other altcoins. They are essential for anyone looking to invest or use cryptocurrencies as they provide a secure way to hold and manage digital assets. There are several types of cryptocurrency wallets, each with its own set of…
Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies

For years, the giant cryptocurrency exchange Binance has had a reputation for dodging regulators and skirting financial rules, all without significant consequences. Now the world’s largest crypto exchange is facing mounting legal pressure. Changpeng Zhao, Binance’s founder and chief executive, has hired white-collar defense lawyers at the law firm Latham & Watkins to represent him personally, as…
Hackers are breaking into AT&T email accounts to steal cryptocurrency

Unknown hackers are breaking into the accounts of people who have AT&T email addresses, and using that access to then hack into the victim’s cryptocurrency exchange’s accounts and steal their crypto, TechCrunch has learned. At the beginning of the month, an anonymous source told TechCrunch that a gang of cybercriminals have found a way to…
Finland’s election winner seeks to govern with anti-immigration party

The conservative National Coalition Party (NCP), which topped Finland’s annual parliamentary elections, hopes to create a coalition government with the anti-immigrant Finns Party and two minor parties. The group will be led by Petteri Orpo, a fiscal conservative projected to replace Sanna Marin as the next prime minister. The NCP now holds 48 seats, the Finns…
More air strikes in Sudan as ceasefire expiry looms

The Sudanese army has sent air strikes towards the paramilitary fighters in the capital Khartoum and deadly fighting has flared in Darfur as a ceasefire is set to expire. Columns of smoke rose near the presidential palace in Khartoum and areas north of the capital. The paramilitary Rapid Support Forces said the Sudanese Armed Forces…
US and South Korea agree key nuclear weapons deal

The US and South Korea have agreed on a landmark deal to counter the North Korean nuclear threat. Washington will periodically deploy US nuclear-armed submarines to South Korea and involve the country in its nuclear planning operations. South Korea has agreed to not develop its own nuclear weapons in return. This declaration will strengthen the…
Russian cybercrime group FIN7 has been observed exploiting unpatched Veeam Backup & Replication instances in recent attacks, cybersecurity company WithSecure reports.

FIN7, also known as Anunak and Carbanak, is a Russian cybercrime organization focused on credit card information theft. Groups associated with FIN7, such as REvil, DarkSide, BlackMatter, Alphv, and Black Basta have notably transitioned to ransomware operations. WithSecure observed several FIN7 attacks that exploited a Veeam Backup process which executed a shell command to download…
New coercive tactics used to extort ransomware payments

Guidepoint Security has identified an increase in ransomware attacks during Q1 2023. GRIT’s recent report displayed a 27% increase in public ransomware attacks compared to Q1 2022, particularly prevalent in the manufacturing, technology, finance, education, and healthcare sectors. Analysis showed that ransomware groups increasingly utilize the “double extortion” operational model, where malign actors encrypt files…
South Korea’s Crypto Regulation Bill Passes First Stage

South Korea’s plans for crypto regulations cleared their first hurdle with the National Assembly passing the first phase of review. Following the successful passage of the cryptocurrency bill in the National Assembly, the Legislation and Judiciary Committee will need to pass the bill. It will likely become law this year. Hwang Suk-jin, Digital Asset Special…
Productization of Web3: Barriers to enterprise adoption

Web3 has the potential to drive an equitable and decentralized internet. It can also drive exponential business models and unlock new revenue streams for enterprises. While Web3 is gaining adoption and scaling in enterprises, its productization at scale has several barriers. Many enterprises view Web3 as a nuance they must come to terms with, while…
CertiK-Audited Merlin DEX Suffers $1.82M Liquidity Pool Hack

CertiK-audited DEX Merlin experienced a $1.82 million hack. The attacker drained funds from a liquidity pool on the DEX, which is built on zkSync. Decentralized exchange Merlin suffered a hack on April 26, losing $1.82 million. PeckShield and several community members have pointed out that the exchange was exploited, providing the exploiter’s addresses. The funds,…
Cryptocurrency Ethereum has slashed its energy use by 99.99 per cent

The world’s second-largest cryptocurrency, Ethereum, has successfully slashed its emissions by 99.99 per cent after an unprecedented experiment to ditch power-hungry mining in favour of a new approach, according to researchers. But experts say there is little appetite for such a change among users of bitcoin, the largest digital currency, which has no central body…
US and Philippine forces fire on mock enemy warship in South China Sea military exercise

In the latest display of American firepower in Asia, the United States and the Philippine forces fired on a mock enemy warship in the South China Sea on Wednesday. Tensions with China continue to rise as these annual Balikatan drills began and are expected to run until April 28. Over 17,600 military personnel are expected…
Mozambique okays resumption of $20bn Cabo Delgado gas project

The president of Mozambique, Filipe Nyusi, has stated that it is safe to restart the Cabo Delgado liquified natural gas project. The project had been stopped in April 2021 after rebel attacks on civilians in the area. Mozambique is planning on taking advantage of the current high prices of LNG and the global shift towards…
Taliban kill IS leader behind Kabul airport bombing

US officials say that the Islamic State group mastermind thought to have been behind the 2021 bombing in Kabul airport has been killed by Afghanistan’s Taliban. Through intelligence gathering and monitoring of the region, US officials had determined that the leader had died. No further details were provided. The bombing happened on 26 August 2021…
Sudan crisis: War crimes suspect free amid chaos

A former Sudanese politician, who is wanted for alleged crimes against humanity, has stated that he and other former officials are no longer in jail. Ahmed Haroun, alongside former Sudan president Omar al-Bashir, have reportedly broken out of prison at Kober. The decision to break out of prison was to protect themselves due to lack…
Organizations Warned of Security Risk in Default Apache Superset Configurations

The Apache Superset installations can be exploited by hackers to gain administrator access and execute code. Apache superset is an open source application that allows users to explore and visualize large amounts of data. A secret key for authentication is needed to be signed into superset. If an attacker knows a Superset session key, they…
US Cyberwarriors Thwarted 2020 Iran Election Hacking Attempt

According to U.S. military and cybersecurity officials, Iranian hackers broke into the system used by a local government in 2020 in hopes to support its election night. However, they were kicked out before an attack was launched. The system was not used for casting or counting ballots, but used to report unofficial election results. If…
Ordinals Finance has conducted a $1M rug pull: CertiK

Ordinals Finance, an Ethereum-based decentralized finance (DeFi) protocol that allows users to lend and borrow inscriptions, has been accused of performing an exit scam, also known as a “rug pull.” In an April 24 press release seen by Cointelegraph, blockchain security firm CertiK reported that the protocol’s developer pulled 256 million OFI tokens out of…
How to fortify your cryptocurrency security

In today’s uncertain economic climate, people are searching for alternative ways to invest and store their money. With high inflation rates during the last month and yet another crisis in the financial system, one option that has gained significant popularity is cryptocurrency, particularly Bitcoin. We just need to take a look at its price, which…
Court Charges 5 in $2M HYDRO Token Manipulation Case, SEC Records Victory

Five individuals have been handed massive fines for ‘conspiring to manipulate the market’ using the ERC-20 Hydro (HYDRO) token. The scheme reportedly resulted in more than $2 million in investor losses. The authorities in Miami made a sealed indictment public on Tuesday. It accused two Americans and a South African of market manipulation. Additionally, authorities have…
Terra Co-Founder Daniel Shin Indicted in South Korea

Terraform Labs co-founder Daniel Shin was among ten people indicted on multiple charges in South Korea on Tuesday, according to a report. Shin and seven others were charged with illegal trading, while another two people were indicted for breach of trust. Prosecutors said at a press briefing that all those concerned are linked to Terra,…
Coinbase files legal challenge to push SEC to write rules on crypto

Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital assets, the company said in a blog post, in the latest escalation of the cryptocurrency exchange’s tensions with the securities regulator. Coinbase filed a petition for rulemaking with the SEC…
Pakistan police say electrical shorts caused blasts, toll hits 17

Pakistani police have confirmed that the two blasts that struck a counter-terrorism facility in the northwest of the country were not caused by a terror attack, but by electrical shortages. The explosions occurred on Monday in the ammunition depot in Kabal town of Swat district in Khyber Pakhtunkhwa province. The death toll from the explosions…
Turkish mass arrests target Kurdish areas ahead of election

At least 126 people have been detained by Turkish police as they have suspected links to a banned Kurdish military group. The detentions have been mind ahead of an election that could see President Recep Tayyip Erdogan lose the presidency. Turkish reports said the detentions occurred across 21 provinces and were suspected of financing and…
Israel arrests Jordanian MP for alleged gun-smuggling

A Jordanian MP was stopped Saturday night by Israeli forces at the Allenby Bridge crossing on the West Bank border. Imad al-Adwan was carrying 12 machine guns and 270 other types of firearms according to videos released on Israeli social media. Adwan is a member of the Jordanian Palestine Committee and was previously outspoken against…
Sudan factions agree to 72-hour ceasefire as foreigners are evacuated

The Sudan Armed Forces (SAF) and Rapid Support Forces (RSF) have agreed to a 72-hour ceasefire starting Tuesday while many nations evacuate their citizens from the country. Secretary of State Anthony Blinken strongly urged both sides to uphold the agreement, despite previous ceasefires falling through. The United States also pledged to work with regional and…
The Department of Homeland Security’s long-delayed Quadrennial Homeland Security Review warned that “more complex” threats to the nation, such as crippling cyberattacks, could affect “multiple industries, sectors and national critical functions.”

The recently released Quadrennial Homeland Security Review enumerates how the Department of Homeland Security intends to defend public and private sector entities from the growing number of cyber-attacks. DHS noted that cyber attacks on underpinning critical infrastructure can have cascading effects on various industries, citing the 2021 Colonial Pipeline attack as a prime example. The…
3CX breach linked to previous supply chain compromise

Mac and Windows versions of the 3CX communications app were compromised with malware and infected at least 97 users with information-stealing software. After a 3CX employee downloaded a compromised X_Trader installer, a hacker used a TAXHAUL launcher and COLDCAT downloader to perform DLL search order hijacking in the Windows 3CX build environment. In the macOS…
KuCoin to reimburse victims of the short-lived Twitter account hack

The official Twitter account of the crypto exchange KuCoin has recently been compromised, leading to users losing their funds to a fake giveaway event. The crypto platform promised to reimburse the funds lost from the incident. In an announcement, KuCoin confirmed that its Twitter was compromised for almost an hour on April 24, 8 AM ET.…
U.S. Sanctions 3 North Koreans for Supporting Hacking Group Known for Crypto Thefts

The U.S. Treasury Department’s sanctions watchdog banned three North Korean individuals for supporting the Lazarus Group, a North Korean hacking team known for crypto thefts that U.S. authorities say have been used to support the nation’s weapons program. Two of the sanctioned individuals, Cheng Hung Man and Wu Huihui, were over-the-counter (OTC) traders who facilitated…
Crypto winter is over — and bitcoin could hit $100,000 by the end of 2024, Standard Chartered says

Bitcoin’s value could jump to as much as $100,000 by the end of 2024, Standard Chartered said in a note published Monday. The collapse of Silicon Valley Bank and other mid-tier U.S. lenders has solidified the case for bitcoin as a “decentralised, trustless and scarce digital asset,” Standard Chartered analyst Geoff Kendrick said in the…
Most DeFi Protocols Fade After They’re Hacked, Analysis Shows

Euler Finance, a lending protocol which suffered a $200M hack last month, is facing an uphill battle. After miraculously recouping nearly all lost funds, the question is, can Euler recover from the attack? Data on the top five hacks of DeFi protocols says no. A survey of the top five hacks in dollar terms shows…
Trust Wallet to reimburse users after $170,000 security incident

Crypto wallet Trust Wallet has disclosed a security vulnerability that resulted in nearly $170,000 in losses for some users. The vulnerability has been patched, according to the company. Trust Wallet found out about the issue through its bug bounty program. A security researcher reported a WebAssembly vulnerability in the open-source library Wallet Core in November 2022.…
Shahabuddin Chuppu takes oath as Bangladesh’s 22nd president

Shahabuddin Chuppu is a retired judge and has been sworn in as the new president of Bangladesh for a five-year term. Chuppu replaces Abdul Hamid as the 22nd president of the South Asian country. Chuppu was the nominee of the ruling Awami League party and was elected unopposed in February. The Awami League party has…
Emerging Blockchain Solutions to Persistent Security And Privacy Challenges

Blockchain technology is a revolutionary digital ledger system that enables the secure and transparent recording of transactions across a decentralized network. This disruptive technology has gained immense popularity due to its potential to transform various industries, ranging from finance to healthcare and beyond. However, despite its numerous benefits, blockchain technology also has its limitations and…
How Sovereign Governments Are Using Crypto to Evade Sanctions

According to a growing body evidence compiled by Chainalysis, cryptocurrencies are being used to evade economic sanctions. This is not a new issue, but the problem is escalating. A bulk of the illicit funds in recent months have flowed between Binance and Iran’s largest crypto exchange, Nobitex. And most of the transactions reportedly were in…
Exposing Fraudulent Crypto Firms: AI and Actors in Elaborate Scams

The financial world is no stranger to scams and fraudulent schemes, and the crypto industry has recently come under fire as a series of companies have been accused of running elaborate investment schemes. The California Department of Financial Protection and Innovation (DFPI) has issued desist and refrain orders against several crypto firms, alleging the use…
Ukraine plans to adopt EU’s new cryptocurrency regulations

Hot on the heels of the European Parliament passing the Markets in Crypto-Assets (MiCA) regulation, Ukrainian regulators have stated publicly that they will adopt the legislative package in their own country as well. The Deputy Chairman of the Tax Committee of Ukraine, Yaroslav Zheleznyak, said on his Telegram channel on April 20 that “We, along…
Americans view crypto investing as unreliable. They’re right.

Cryptocurrency investing is like going to a ritzy casino — the sights and sounds of winning don’t mean the vast majority of people are richer than when they started playing. It’s all part of the lure and illusion. It’s why slot machines are built to flash and ring when someone hits a jackpot. The casino…
Ukraine Defended Bakhmut Despite U.S. Warnings in Leaked Documents

Ukraine forces still cling to Bakhmut’s western edge despite dire warnings from Washington that they would not be able to hold the city against an onslaught of Russian mercenaries. As early as January, Washington warned Ukraine of the potential encirclement of their forces in Bakhmut and suggested Kyiv should let the city go. These warnings…
U.S. Deploys More Troops to Djibouti for Possible Sudan Evacuation

The United States is preparing to send a large number of additional troops to Djibouti in case an evacuation of Americans from Sudan becomes necessary. Sudan began a violent struggle last weekend due to forces commanded by two former allied leaders of Sudan’s ruling council. The U.S. has deployed additional capabilities in Djibouti for the…
China Developing Anti-Satellite Weapons – Report

As part of China’s effort to become the leading power in space by 2045, they are on their way to developing capabilities to hijack and sabotage enemy satellites, according to leaked U.S. documents. This classified CIA document states that China is focused on capabilities allowing it “to seize control of a satellite, rendering it ineffective…
Malware is Proliferating, but Defenses are Stronger: Mandiant

Threat groups are on the rise, and Google Cloud’s cyber defense unit Mandiant is tracking 3,500 of them. Mandiants’s M-Trends 2023 report found organizations faced intrusions by advanced groups, which include government-sponsored entities from China and Russia, financially motivated threat groups and 335 uncategorized threat groups. Dwell time, the number of days an adversary lurks…
Sotheby’s to Auction NFT Collection from Bankrupt Crypto Hedge Fund 3AC

Auction house Sotheby’s will auction non-fungible tokens (NFTs), which are part of the bankrupt crypto hedge fund Three Arrows Capital’s assets. Sotheby’s will sell NFT art from 3AC’s GRAILS collection live, online, and through other sales channels, considering the art’s context and format. They will auction the first batch of seven ‘hand-picked’ works during the…
Founder of collapsed crypto exchange Thodex detained in Turkey

The saga of the Turkish cryptocurrency exchange Thodex continues, with the founder being finally brought back home in two years after the platform halted trading. Faruk Fatih Ozer, founder and former CEO of Thodex, has been extradited from Albania to Turkey, Cointelegraph Turkey reported. Facing charges of fraud and money laundering, the local police immediately…
Why This Cryptocurrency Has Grown by 21,000%

In the world of cryptocurrencies, anything is possible. The sector has made many millionaires, but has also made many bankrupt in an instant. Cryptocurrencies with a very low market cap can go up by ridiculous percentages and make investors millionaires overnight. During the previous bull market, we saw that these coins do not even have…