In April 2024, Web3 saw a loss of over $53 million to hackers across 21 incidents, a 46% decrease when compared with the previous period, found the latest report by the crypto-focused bug bounty platform Immunefi. To be more precise, $53,074,827 was lost to hacks and frauds this past month. Notably, in April 2023, this number stood significantly higher,...

The FBI arrested New York resident Idin Dalpour for defrauding investors of $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation. On May 1st, the  Federal Bureau of Investigation (FBI), alongside a New York court, charged Dalpour.  According to a press release from the Manhattan District...

The PEPE price has jumped by 14% in the past 24 hours, with the coin reaching $0.000007027 on a day when the crypto market recovers 2% from its recent downturn. PEPE is now down by 4% in a week but up by 45% in the past fortnight, with the popular meme coin also sitting a healthy 500% gain in a year. Yet because it remains 33% down from its all-time...

Thursday, May 2, 2024 – A presale for Sealana ($SEAL), the all-American redneck seal, launched on Solana yesterday, taking in $100,000 within minutes of launch. In a sector dominated by land-roving canines, one marine mammal is trading his way out of mom’s basement like a true 21st-century patriot pursuing the elusive American Dream.  If his face...

Patrick Gruhn, the former head of FTX Europe, has acquired a gold pocket watch from the Titanic for nearly $1.5 million, marking the highest amount ever spent at auction on a piece of Titanic memorabilia.  The watch belonged to John Jacob Astor IV, an American property magnate who was among the wealthiest passengers on the ill-fated ship, as reported...

Patricia Exchange’s CEO Fejiro Hanu, has refuted rumors of the exchange’s closure, dismissing them as media sensationalism aimed at generating clicks. Patricia Exchange is the first platform to offer crypto exchange services in Nigeria. Hanu said, “I am done speaking to these fake outlets. I will speak directly to Patricia users, the very few decent...