Binance and the "Antidote" to fraudulent addresses
Security experts at Binance have developed an "antidote" against the increasing instances of address spoofing scams that trick investors into sending funds to fraudulent addresses. The team at the world's largest cryptocurrency exchange developed an algorithm that identified millions of fraudulent crypto addresses, which was crucial for identifying and flagging more than 13.4 million fake addresses on BNB Smart Chain and 1.68 million on Ethereum.
Vanguard and Bitcoin ETF
Salim Ramji, the incoming CEO of Vanguard, stated that he does not plan to reverse the company's decision not to launch a spot Bitcoin ETF. In an interview with Barron’s, he emphasized that crypto investment products do not align with Vanguard’s investment philosophy.
$25 Million crypto theft charge
The U.S. Department of Justice has charged two brothers with embezzling $25 million in cryptocurrencies. The brothers allegedly exploited the Ethereum blockchain to manipulate transaction values, leading to the premature release of a proposed block's content and the subsequent theft.