Ronghui Gu News Today

Worldwide cybercrime losses are estimated to keep hitting new highs for the foreseeable future with no clear end in sight.

Changpeng Zhao, commonly known as CZ, the co-founder and former CEO of cryptocurrency exchange Binance, expressed regret over his failure to implement sufficient anti-money laundering controls during the early stages of Binance. He is currently facing a criminal charge for this oversight. CZ shared these sentiments in a court document filed on April 23, ahead of his sentencing scheduled for April 30.

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Binance, the world's largest cryptocurrency exchange, admitted to violating US anti-money-laundering and sanctions regulations in the previous year. A

Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

CertiK co-founder Ronghui Gu said that the sophistication and success of phishing attacks in the first quarter of 2024 is a cause for concern.

This week, Orbit Chain lost $81 million in a New Year's Eve hack, Indonesian police shuttered bitcoin mining operations, dYdX named its attacker, $324,000 users

This week, Orbit Chain lost $81 million in a New Year's Eve hack, Indonesian police shuttered bitcoin mining operations, dYdX named its attacker, $324,000 users

While hackers continue to hack the crypto industry for a cash grab, the dollar amount is down substantially compared to the previous year.

Leading decentralized exchange (DEX) OKX fell victim to a $2.7 million exploit on Dec. 13 after a proxy admin owner’s private key was reportedly leaked.