Welcome to the latest edition of our Crypto Chronicle, where we bring you the most noteworthy developments from the world of blockchain and cryptocurrency. Stay one step ahead with valuable insights into recent events that are shaping the industry.
Deepfake Scammers Dupe Employee, Costing $25M in Corporate Impersonation
An alarming incident has emerged where deepfake scammers successfully impersonated executives of a multinational firm, deceiving an unsuspecting employee into transferring over $25 million of the company’s funds. According to a report by Radio Television Hong Kong (RTHK), the scammers adeptly utilized deepfake technology to assume the identities of top executives, leading to a substantial financial loss. Read more
South Korea Proposes FSC Screening for Crypto Executives Hiring
The Financial Services Commission (FSC) of South Korea has proposed new regulations requiring regulatory approval for executives in crypto projects. Under these proposed regulations, crypto companies would need to report any changes in their personnel to the FSC, with executives requiring approval before assuming their roles. Read more
Ex-Terraform Labs CFO Extradited to South Korea
Former financial officer of Terraform Labs, Han Chang-joon, has been successfully extradited to South Korea to face criminal charges including fraud in financial investment services. This follows his completion of a four-month prison sentence in Montenegro for attempting to travel with forged documents. Read more
Sky Mavis Launches Mavis Seeds Program to Train Developers in Vietnam
Sky Mavis, the developer of the popular blockchain-based game Axie Infinity, has introduced Mavis Seeds, a recruitment program aimed at nurturing young developers in Vietnam. This initiative seeks to empower the next generation of developers by providing training opportunities and full-time positions. Read more
Messari Unveils AI Product for Personalized Crypto Intelligence
Cryptocurrency data provider Messari has launched Messari AI, an artificial intelligence product designed to offer personalized insights on the cryptocurrency market. This tool provides users with on-demand summaries and tailored digests to enhance their understanding of developments in the crypto market and industry. Read more
ENS Partners with GoDaddy to Provide New Domain Name Servic
ENS has partnered with GoDaddy to transform DNS domain usage in the ENS ecosystem. This collaboration aims to bring the power of Web3 to a broader audience, enabling seamless integration of Ethereum addresses with domain names. Read more
Stay informed, stay ahead. Anticipate our next Crypto Chronicles for regular updates and insights into the world of cryptocurrency and blockchain technology.
