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- 08-10-2024
08-10-2024
Fernando Fierro
October 08, 2024
Howdy folks,
💼🔍 The U.S. government is intensifying efforts to dismantle the North Korean Lazarus hacker group, focusing on seizing their stolen digital assets, including $2.67 million linked to past cyberattacks. Recent court filings spotlight attempts to confiscate funds from hacks on Derbit and Stake.com, with stablecoin issuers like Tether stepping in to freeze the group's assets.
With Lazarus linked to major heists exceeding $200 million, authorities remain vigilant, as ongoing enforcement highlights a robust industry response to cyber threats.
In other news:
🚨⚽ Premier League clubs are pivoting from gambling to crypto sponsorships, with digital asset companies investing £129.7 million for the 2024/2025 season, marking a near 10x increase in sponsorship spending from four years ago. As gambling sponsorships, contributing £60 million annually, face scrutiny and phase out by the 2026/2027 season due to social harm concerns, crypto firms see an opportunity to engage younger demographics.
Despite the influx of crypto funding, clubs are introducing safeguards against financial risks, such as upfront payment requirements and reputational clauses.
🚨📈 Crypto investigator ZachXBT accuses influencer Zion "Ansem" Thomas of promoting "pump and dump" schemes within the volatile memecoin market. Ansem, who boasts over 500,000 followers, has faced criticism for promoting Solana-based memecoins that significantly lost value post-promotion, despite defending them by highlighting occasional successes like Dogwifhat (WIF).
This situation underscores the influential role crypto celebrities play in market dynamics and the risks retail investors face with such low-cap investments.
🔗💸 Ethereum co-founder Vitalik Buterin has once again thrown his support behind Tornado Cash, donating 100 ETH (around $240,000) to co-developer Roman Storm's legal defense fund. This marks Buterin's third contribution aimed at defending Storm amidst mounting legal challenges for Tornado Cash, whose founders face serious charges, including money laundering.
As one of the developers appeals a five-year sentence, Buterin's advocacy for privacy and continued backing has sparked robust industry debate.
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