🔒 XLink Partners with Kaamel Technology to Investigate $10M Security Breach

🔍 XLink, the Bitcoin bridge, is teaming up with cybersecurity firm Kaamel Technology to dig deep into a recent security breach that resulted in a whopping $10 million loss.

🔐 With a focus on eliminating vulnerabilities and preventing future mishaps, this partnership aims to bolster XLink's defenses against cyber threats.

⚡️ In addition to Kaamel, XLink is also joining forces with Ancilia Inc. for real-time on-chain monitoring and Cobo for enhanced key management.

💪 Thanks to the quick response of a white hat hacker, some of the stolen assets have been recovered, but the investigation continues.

🚫 As a precautionary measure, XLink has temporarily suspended operations and urges users to review their spending limits.

💼 It's not just XLink feeling the heat – Alex Labs, the mastermind behind the bridge, also suffered an attack resulting in a separate loss of $13.7 million in STX tokens. Stay vigilant!

🤑Sirwin Crypto Casino🤑

💰Win Win SirWin Join Us Big Win! Jackpot is await for you!💰

🎁Welcome offer pack 550% up to 1500$
400$ free chip! 🎁

💎Easy access: sirwin is open globally, with no kyc requirements complete anonymity and vpn friendly access.💎

💯Diverse selection: live casino, slot games, sportsbook, betting more than 10.000 games. 💯


✅Fast Payouts: At SirWin, we know you want your winnings fast. With our lightning-fast payout system, enjoy instant withdrawals, giving you more time to savor your success and less time waiting.✅

For more info:

🌐Website

📱Twitter

📱Telegram

🚨 South Korean Police Crack Down on Crypto Fraud: 19 Arrested in 'Reading Room' Scam

➡️ South Korean police have made a major breakthrough in the fight against crypto fraud, apprehending 19 individuals involved in a deceptive "crypto reading room" scheme.

➡️ The gang operated through an open chat room, masquerading as seasoned traders and luring in unsuspecting investors seeking legitimate crypto advice.

💰 However, instead of guidance, victims were duped out of a staggering $18.8 million by the cunning fraudsters.

👥 Some members of the gang posed as experts, while others played the role of ordinary investors, all part of an elaborate ploy to gain trust within chat groups.

🌐 Despite the arrests, the investigation is far from over, with at least six suspects still on the run. International cooperation through Interpol has been sought to bring them to justice.

🔗 The gang's modus operandi involved enticing victims into an "open chat room," where they touted their own success stories and urged others to join dubious crypto exchanges.

💔 Once victims were hooked and invested more money, the gang abruptly cut off contact when it came time for withdrawals, demanding hefty "withdrawal fees" as their final act of deception.

📌 Shockingly, the ringleader employed manipulative tactics akin to pig-butchering, promising jobs abroad only to exploit vulnerable individuals who fell into their trap.

🔔 Lawyer Kwak Joon-ho warns that these schemes are on the rise and could result in charges not just for fraud but also for organized crime. The battle against crypto scams continues.

🔒 UK Court Cracks Down on Bitcoin Money Laundering: Woman Sentenced to 7 Years

💰 Sophisticated Scheme: A former fast-food worker, Jian Wen, has been sentenced to nearly seven years in prison by the Southwark Crown Court in London for laundering 150 Bitcoin tied to a whopping $5.6 billion fraud.

➡️ Big Seizure: Authorities seized over 61,000 Bitcoin, valued at more than $4 billion, as part of the investigation into this colossal investment scam.

➡️ Victim or Villain?: Wen, who holds both British and Chinese citizenship, claims innocence and portrays herself as a victim manipulated by an "expert criminal supervillain." But prosecutors argue she played a decisive role in managing the crypto wallet used for laundering.

➡️ No Mercy: Judge Sally-Ann Hales emphasized that while there was no evidence of Wen's involvement in the underlying fraud, she knew she was dealing with dirty money. The sentence: six years and eight months behind bars.

🌐 EU Fights Back: In related news, the EU recently passed new regulations to combat money laundering in the crypto world. This move aims to tighten the screws on crypto exchanges and brokers, requiring them to report suspicious activities.

🚀 Mastercard Revolutionizes Crypto Transfers with User-Friendly Aliases

🔑 Mastercard has just launched its groundbreaking “Crypto Credential” service, bringing simplicity and security to the world of digital asset transfers.

📲 No more struggling with long and confusing wallet addresses! With this innovative solution, users on select crypto exchanges can now send and receive funds using Mastercard Crypto Credential Aliases instead.

💡 "We're replacing complexity with convenience," tweeted Mastercard. By streamlining the process, they aim to make blockchain transactions more secure, transparent, and accessible for all.

🌐 Currently available on Bit2Me, Lirium, and Mercado Bitcoin, the service is set to expand across several countries, including Brazil, France, Mexico, and Switzerland. More European nations are also on the horizon.

⛔️ Worried about address mix-ups? Fear not! The system double-checks compatibility between sender and recipient networks, preventing accidental losses or falling victim to scams.

💼 But that's not all. Mastercard has big plans for its Crypto Credential. NFTs, ticketing, and other payment solutions could soon benefit from this user-centric approach as well.

🤝 This move comes hot on the heels of Mastercard's recent collaboration with major banks to explore distributed ledger technology. The future of finance is looking increasingly decentralized!

🌟 From Facebook's Libra to Sui: A Deep Tech Journey

🚀 Scaling Up with Sui
Adeniyi Abiodun, the visionary CPO of Mysten Labs, unveiled the secrets behind building a highly scalable blockchain at Consensus 2024. It's all about striking the perfect balance between speed, scalability, and security through cutting-edge consensus algorithms and multi-machine architecture.

🔒 Web2 Meets Web3
Abiodun shattered the barriers between Web2 and Web3 games, emphasizing that Sui is all about inclusivity. He also dropped hints about an intriguing concept called DePIN, which promises exciting use cases for users.

📈 Two Major Developments
With a tech team boasting deep expertise from their time at Facebook's Libra project, Sui is rewriting the rulebook. Abiodun teased us with a glimpse into their top-secret projects, hinting at game-changing developments that will leave the competition in awe.

👌 Sui: More Than Just a Blockchain
Unlike its predecessor Libra, Sui aims to be more than just another blockchain. It's a grand vision of a global coordination layer for digital assets worldwide. And they're only 1% into this epic journey – buckle up!

♾ In this exclusive interview, Adeniyi Abiodun paints a vivid picture of how Sui is rewriting the blockchain narrative, leaving no stone unturned in their quest for technological excellence. The future looks bright for this deep tech powerhouse!

🤑Sirwin Crypto Casino x Sweet Bonanza 1000 🤑

🍬Introducing Sweet Bonanza 1000! 🍬

Now 1000x Sweeter!

🍬At Sirwin Crypto Casino, we're excited to bring you the best gaming experience! Our new Sweet Bonanza 1000 slot offers:

🍭High-volatility gameplay with a chance to win up to 1,000x your bet in a single spin!

🍬 Unique bonus feature for up to 10,000x your bet

💎Join the Fun!

Click Here to join Sirwin Crypto Casino now and start playing Sweet Bonanza 1000!

For more info:

🌐 Website

📱 Twitter

📱 Telegram

🚀 Aptos Labs CEO Mo Shaikh Joins CFTC’s Digital Assets Subcommittee

🤝 Aptos Labs CEO Mo Shaikh is making waves again, this time by joining the Commodity Futures Trading Commission’s (CFTC) digital asset subcommittee. This exciting news was confirmed by Shaikh himself on social media, sparking a buzz in the crypto community.

🌐 Influencing Crypto Regulations with Aptos Expertise
Shaikh's appointment to the CFTC is no small feat. As co-founder of Aptos Labs, he brings valuable insights to the table, helping shape regulatory rulemaking for cryptocurrencies. It's a win-win situation for both Aptos and the CFTC.

🌍 The Global Markets Advisory Committee Connection
The CFTC's Digital Asset Market Subcommittee falls under the umbrella of the agency's Global Markets Advisory Committee. Established over two decades ago, this committee advises on matters affecting US markets and global businesses – a significant platform for Shaikh's expertise.

💼 From Meridio to World Economic Forum
Shaikh's track record in the blockchain sector speaks volumes. With his experience leading Meridio and consulting for the World Economic Forum on CBDCs, he has proven himself as a force to be reckoned with in the industry.

🟥 Driving Crypto Regulations Forward?
As Aptos Labs continues to thrive, so does Shaikh's influence. With FIT21 gaining traction in Congress and bipartisan support, it seems that the CFTC could take center stage in shaping crypto regulations. The future looks bright for both Aptos and the government agency.

📈 Aptos Labs: A Silicon Valley Success Story
Founded by Shaikh and CTO Avery Ching, Aptos Labs has quickly become a prominent player in the blockchain space. Backed by heavyweights like Binance Labs and Jump Crypto, the company's valuation soared to an impressive $4 billion, according to Bloomberg.

⚡️ CFTC vs. SEC: A Regulatory Power Shift?
With the House of Representatives favoring the FIT21 Act, which grants the CFTC more regulatory authority over cryptocurrencies, the stage is set for a potential power shift. President Biden's administration also expressed support for a balanced regulatory framework, signaling a new era for digital assets.

⚖️ Federal Court Overturns SEC Rules on Private Fund Fee Disclosures ⚠️👀

The US Fifth Circuit Court overturns SEC rules on fee disclosures for private funds, marking a significant setback for the regulatory body.

👉 Read more

⤵️ New York AG Letitia James Sues NovaTech, AWS Mining For $1 Billion Crypto Pyramid Schemes

✔️ New York Attorney General Letitia James is suing crypto trading firm NovaTech, now shuttered digital asset company AWS Mining, and at least two key promoters for reportedly defrauding investors out of $1 billion, court documents from the June 6 lawsuit reveal.

⚡️ Between 2017 and 2019, AWS Mining, married couple Cynthia and Eddy Petion, and several additional associates promoted a fraud scheme that saw victims promised a 200% return on investment from mining cryptocurrencies.

💬 “AWS Mining’s promises of guaranteed 200% returns were fraudulent and its scheme was unsustainable, because, according to defendant Cynthia Petion, AWS Mining paid returns and bonuses that were too high for too long,” the lawsuit states.

📣 When AWS Mining finally collapsed in April 2019, most investors were left with nothing. By August of that year, the Petions launched NovaTech alongside a handful of fellow AWS Mining promoters. While over $1 billion was supposedly deposited onto the crypto trading platform, less than $26 million was ever actually traded.

⚡️ According to James’ lawsuit, the Petions carried out the pyramid schemes by targeting investors of Haitian descent who were “most in need of income and least able to afford a loss” by alleging they were the path to “financial freedom.”

💬 “Defendants preyed upon the same victims of AWS Mining when recruiting for NovaTech, capitalizing on the exclusion of these communities from traditional markets,” the suit alleges.

🔕 The damning lawsuit then claims Cynthia Petion rebranded herself as the organization’s “Reverend CEO” and alleged NovaTech was “God’s vision” all while “promoting the schemes to investors in the Creole language and preying on their victims’ religious faith.”

➡️ Privately, Petion compared her victims to “cult” members and likened herself to a zookeeper. “People join and follow mindlessly,” James alleges Petion wrote in one message. “They don’t think. They just agree with everything you say.”

🔒 South Korean Court Sends Crypto-powered Drug Traffickers Behind Bars

🚓 In a resolute move against Bitcoin and altcoin-related crime, a South Korean court has handed down prison sentences to two individuals involved in crypto-powered drug trafficking.

🔐 The Namyangju Criminal Division of the Uijeongbu District Court found a 31-year-old man and a 28-year-old woman guilty under the Narcotics Control Act.

‼️ Judge Ahn Bok-yeol didn't hold back, sentencing both offenders to eight months in jail and an additional two years of probation.

➡️ Not stopping there, the judge also mandated that the duo undergo 40 hours of drug rehabilitation and treatment classes.

📲 The court learned that the illicit transaction took place through the popular messaging app Telegram, with the pair using an undisclosed cryptocurrency to pay for their synthetic marijuana fix.

✅ Prosecutors revealed that the drugs were cunningly stashed away in an unexpected location – "the outdoor unit of an air conditioner" in Seoul's public building, making it harder for law enforcement to track.

🚫 By resorting to virtual currency, these criminals sought to stay one step ahead of police scrutiny. But as this case demonstrates, South Korea's judiciary is leaving no stone unturned in its fight against crypto-enabled crime.

🎉 Sirwin Crypto Casino, Join the fun!🎉

🤑💰 Play Crazy Time, the ultimate game of excitement and big wins! 💰🤑

💎 Why Choose Sirwin?

💎No KYC: Fast, hassle-free registration.
🌐VPN Friendly: Secure access from anywhere.
💰Crypto-Friendly: Seamless crypto transactions.
🤑High Payouts: Incredible multipliers for big wins.
🎁Bonus Fun: Multiple bonus rounds for extra chances to win.
⏱24/7 Support: Our team is always here to help

For more info:

🌐 Website

📱 Twitter

📱 Telegram

📱 Instagram

⚡️ JUST IN: M2 Welcome Bonus is Back! ⚡️

Here's how to claim your 260 USDT in trading fee coupons:
🔜Sign up & get verified = 100 USDT
🔜Make a deposit = 60 USDT
🔜Activate an Earn Plan = 100 USDT

Start now and claim your bonus to power up your trades on M2: https://m2exchange.onelink.me/AI8W/qx1ykhci .

Plus, increase your $SOL holdings with ease using M2's unmatched 10% APY Earn Plan!

Follow 🇦🇪 on X to learn more!

🚀 Stand With Crypto UK Paves the Way for Fintech Revolution!

📌 Stand with Crypto has just dropped a game-changing manifesto that's set to reshape the future of finance in the UK. This isn't just about digital assets; it's about positioning the nation as a global fintech powerhouse!

🤝 The manifesto's first order of business? A call for a united front between industry and government. By establishing a joint task force, we can identify opportunities and strategies to drive productivity and growth in our thriving crypto community.

💥 But it's not just about playing nice – it's about playing smart. The manifesto emphasizes the need for a rock-solid regulatory framework, one that ensures fair play while nurturing innovation. It's all about that "same risk, same rules" mantra!

👍 And let's not forget about stablecoins! The manifesto suggests creating a mixed payments ecosystem, where these digital darlings can compete on equal footing with other forms of money. It's all about fostering healthy competition!

👑 Blockchain isn't just a buzzword; it's a game-changer across sectors. That's why Stand with Crypto is urging the government to take a deep dive into decentralization. From education to healthcare, energy to social media, this tech has the power to transform it all!

✉️ To make this vision a reality, we need more than just talk – we need action! That's why the manifesto proposes a coordinated approach led by the Department for Science, Innovation, and Technology. By embracing blockchain, the UK can lead the charge in global tech innovation.

📈 Turkey's Fiscal Overhaul: Cryptocurrency Trading Faces 0.03% Tax

👑 Turkey is taking a bold step towards fiscal stability with a 0.03% transaction tax on cryptocurrency trading, as part of a larger plan to address the country's budget deficit.

✅ The devastating 2023 earthquakes have put additional strain on Turkey's finances, making these proposed tax reforms a game-changer for the nation's economy.

💰 Bloomberg estimates that this tax could bring in a whopping 3.7 billion TRY ($113 million) annually, providing a much-needed boost to the economy during these challenging times.

📉 With rampant inflation and a weak lira, many Turkish investors have turned to crypto as a hedge. Now, the government aims to tap into this growing trend and ensure tax fairness across all sectors.

➡️ While the ruling party holds the majority in parliament, previous attempts at transaction taxes have faced opposition. So, political contention is expected as officials gear up for sweeping tax legislation later this month.

🚀 Beyond revenue generation, this move also signals Turkey's intent to regulate its rapidly expanding cryptocurrency market and bring some order to the digital asset space.

🚨 Binance Fights Back!

🇨🇦 Binance, the global crypto exchange, is not taking it lying down! It's challenging a hefty $4.3M penalty slapped on it by Canada's financial watchdog, FINTRAC.

🌍 The exchange argues that it's not specifically targeting Canadian users, and its Canadian operations are merely a byproduct of its international reach.

🟢 Binance claims it had plans to establish a presence in Canada but had to back out due to new regulations. It bid adieu to the market in May 2023, leaving behind a touch of nostalgia for the home country of its founder.

💼 But that's not all! Binance is no stranger to legal tussles. It's been hit with a class-action lawsuit in Canada for allegedly flouting securities laws. And let's not forget the whopping $4 billion fine it settled with US authorities for AML and sanctions violations.

🇮🇳 India also joined the party, slapping Binance with a record-breaking $2.24M fine for similar compliance slip-ups.

➡️ With regulators tightening their grip, Binance is facing stormy seas worldwide. Will it weather the storm or chart a new course? Only time will tell!