Hacker offers access to Binance law enforcement software for $10,000 through Breach Forums.
A hacker sells access to Binance law enforcement software for the sum of $10,000. This illegal incident follows an apparent security breach in law enforcement, and the transaction is being carried out via Bitcoin or Monero on the specialized cyberattack forum, Breach Forums.
According to suspicions, the hacker managed to enter the software by using compromised email credentials belonging to police officers in Uganda, the Philippines and Taiwan. Although Binance has not been directly affected, experts point out the importance of addressing the specific details of the attack to strengthen cybersecurity and ensure the protection of sensitive information shared on the platform.
CFTC Imposes Historic Sanctions on Binance: $1.5 Billion Fine and Injunctive Measures Following Legal Violations
The Commodity Futures Trading Commission (CFTC) is celebrating a significant legal victory after the US District Court approved a settlement against Binance and its CEO Changpeng “CZ” Zhao.
The court officially issued a consent order, imposing a series of sanctions and injunctions against the popular cryptocurrency exchange and its leader. According to a recent statement, the court concluded that Zhao and Binance allegedly violated the Commodity Exchange Act and CFTC regulations, resulting in a $150 million civil monetary penalty against Zhao personally.
Binance is now forced to shell out a hefty sum of $1.35 billion for alleged fees related to ill-gotten transactions. In addition, he must pay an additional fine of $1.35 billion to the CFTC.
MicroStrategy Founder Dismisses Gold Investment Given Bitcoin Performance
Michael Saylor, founder of the technology company MicroStrategy, argues that investing in gold makes no sense, especially when comparing the performance of the precious metal with that of Bitcoin, the main cryptocurrency on the market.
In a post shared over the weekend, Saylor presented a chart revealing an impressive 253% increase in the price of Bitcoin since August 2020, when MicroStrategy began its investments in the cryptocurrency. According to the businessman’s analysis, gold’s performance was zero during this same period until December 15 of this year.
It’s no surprise that Michael Saylor sees Bitcoin as the natural leader when it comes to storing value. His company MicroStrategy has been investing heavily in this asset for three years and currently holds 174,530 BTC, acquired for approximately $5.2 billion.
The most recent Bitcoin purchase came in late November, when MicroStrategy acquired another 16,130 BTC for approximately $593.3 million. This purchase raised the company’s average Bitcoin reserve price to approximately $30,252 per coin.
Extradition of Terraform Labs Co-Founder in Montenegro Revoked
After months of uncertainty and anticipation in the community, the case of Terraform Labs co-founder Do Kwon has taken an unexpected turn in Montenegro. The Court of Appeal has accepted Kwon’s appeal, thus revoking the extradition orders and returning the case to the trial court for a new trial and decision.
The news has generated surprise and frustration among some members of the community. The reversal of the extradition has had an immediate impact on financial markets, with the LUNC cryptocurrency seeing a 17% surge following the court’s latest decision.
Facing significant legal challenges from both the US and South Korea, Kwon has doggedly refuted all allegations of fraud. The charges include commodity fraud, securities fraud, wire fraud, and conspiracy to commit fraud and market manipulation.
Kwon’s four-month sentence for passport forgery ended on December 15. This new legal development is expected to have significant repercussions on the future of Terraform Labs co-founder.
By Leonardo Perez
