Features Crypto News by Thebittimes.Com

Dutch legal teams are hunting a 23-year-old law student and self-styled crypto banker who has vanished after allegedly stealing up to €10 million in a suspected pyramid scheme. As reported by rtv Oost, for two years a 23-year-old from Hengelo, Netherlands, was reportedly running a crypto bank while accepting investments from his family, close associates, and strangers across town.  He reportedly accepted a minimum fee of €5,000 for his crypto-investing while taking 50% of the profits as payment for his service. His work is said to have earned the local title of ‘crypto genius.’ On Wednesday, an email was reportedly sent to his estimated 300 investors claiming that, with regret, he can no longer pay them back as he has lost all the invested funds, including his own money. Dutch lawyers say amounts ranging from €35,000 to €50,000 in crypto have been taken from individuals. One victim said, “We suspect that it could be a rough estimate of an amount between 4.5 and perha...

The Remitano exchange experienced suspicious transactions as over $2.7 million was drained from its wallet by a single account. Crypto exchange Remitano experienced large withdrawals under suspicious circumstances on September 14, with some blockchain analysts concluding that it may have been hacked . A total of $2.7 million worth of crypto has been withdrawn through the suspicious transactions. Tether has frozen one address the attacker allegedly used, potentially saving $1.4 million worth of customers' crypto. At approximately 12:45 p.m. on September 14, a known Remitano hot wallet began sending funds to an address with no prior history. Approximately $1.4 million worth of Tether (USDT) and $208,000 worth of USD Coin (USDC) stablecoins, as well as 104,000 Ankr tokens (worth $2,000 at the time) were moved to address 0x74530e81E9f4715c720b6b237f682CD0e298B66C. Blockchain analytics platform Cyvers has alerted the crypto community about the alleged suspicious transactions. ALERT...

Users' emails, account numbers, and partial phone numbers were allegedly leaked. Cryptocurrency exchange Gemini appears to have suffered a data breach on or before Dec. 13. According to documents obtained by Cointelegraph, hackers gained access to 5,701,649 lines of information pertaining to customers' account numbers, email addresses, and partial phone numbers. In the case of the latter, hackers apparently did not gain access to the full phone numbers as certain numeric digits were obfuscated. The leaked database did not include sensitive personal information such as names, addresses, and other know-your-customer information. In addition, some email s were repeated in the document; thus, the number of customers affected is likely lower than the total rows of information. Gemini currently has 13 million active users. Security breach es in the Web 3.0 industry, even if mild in nature, can have consequences. One such incident took place in April this year and involved cryptoc...