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Venture capital firm Blockchain Capital, fell victim to a sophisticated phishing scam after its social media account on X, previously known as Twitter, was hijacked. The perpetrators posted a series of fraudulent messages on August 9, promising a giveaway of “BCAP” tokens. They provided a link to a fake website closely resembling Blockchain Capital's original site, intending to deceive users into linking their cryptocurrency wallets. The fraudulent website had a minor alteration in its URL, adding an extra 'n', a detail easily missed by unsuspecting users. The scam strategy also involved a sense of urgency by stating the giveaway would only be available for a day, aiming to exploit the fear of missing out. Notably, to prevent potential exposure, the comments section was deactivated, inhibiting users from flagging the scam. Prompt action from informed members of the blockchain community led to the swift identification of the deceit. Blockchain Capital reestablished control over its account within hours, removing the misleading posts. This cyber intrusion follows a broader pattern of scams in the crypto space, as highlighted by the Federal Bureau of Investigation (FBI) recently. The agency issued a warning about the increasing instances of criminals posing as non-fungible token (NFT) developers. These fraudsters hack into high-profile social media accounts, falsely advertising new NFT releases. Victims are directed to counterfeit websites where, once their crypto wallets are linmked, funds are syphoned using malicious smart contracts. According to the FBI, stolen tokens are then laundered through multiple cryptocurrency mixers and exchanges, obfuscating their tracks. The Blockchain Capital breach echoes a similar incident from April involving the crypto exchange platform, KuCoin. Its social media account was compromised, leading to a fake giveaway scam resulting in a loss of over $22.6K in cryptocurrency. In response, KuCoin assured full compensation to the impacted customers and emphasized the continued security of assets on its platform. Changpeng “CZ” Zhao, CEO of Binance, a global cryptocurrency exchange, recently warned of the uptick in such phishing attacks and advised the community against using text message-based two-factor authentication. Instead, he recommended more secure methods like hardware devices. With the frequency and sophistication of these cyber-attacks on the rise, stakeholders within the cryptocurrency domain remain on high alert, reinforcing the necessity for enhanced digital security measures. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Venture capital firm Blockchain Capital, fell victim to a sophisticated phishing scam after its social media account on X, previously known as Twitter, was hijacked. The perpetrators posted a series of fraudulent messages on August 9, promising a giveaway of “BCAP” tokens. They provided a link to a fake website closely resembling Blockchain Capital's original site, intending to deceive users into linking their cryptocurrency wallets. The fraudulent website had a minor alteration in its URL, adding an extra 'n', a detail easily missed by unsuspecting users. The scam strategy also involved a sense of urgency by stating the giveaway would only be available for a day, aiming to exploit the fear of missing out. Notably, to prevent potential exposure, the comments section was deactivated, inhibiting users from flagging the scam. Prompt action from informed members of the blockchain community led to the swift identification of the deceit. Blockchain Capital reestablished control over its account within hours, removing the misleading posts. This cyber intrusion follows a broader pattern of scams in the crypto space, as highlighted by the Federal Bureau of Investigation (FBI) recently. The agency issued a warning about the increasing instances of criminals posing as non-fungible token (NFT) developers. These fraudsters hack into high-profile social media accounts, falsely advertising new NFT releases. Victims are directed to counterfeit websites where, once their crypto wallets are linmked, funds are syphoned using malicious smart contracts. According to the FBI, stolen tokens are then laundered through multiple cryptocurrency mixers and exchanges, obfuscating their tracks. The Blockchain Capital breach echoes a similar incident from April involving the crypto exchange platform, KuCoin. Its social media account was compromised, leading to a fake giveaway scam resulting in a loss of over $22.6K in cryptocurrency. In response, KuCoin assured full compensation to the impacted customers and emphasized the continued security of assets on its platform. Changpeng “CZ” Zhao, CEO of Binance, a global cryptocurrency exchange, recently warned of the uptick in such phishing attacks and advised the community against using text message-based two-factor authentication. Instead, he recommended more secure methods like hardware devices. With the frequency and sophistication of these cyber-attacks on the rise, stakeholders within the cryptocurrency domain remain on high alert, reinforcing the necessity for enhanced digital security measures. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

"Ramp will support Base right from its inception, enabling transactions with ETH and USDC from day one," CEO Sypniewicz said.

Ozzy entrepreneur takes his crypto exchange to incredible heights despite huge scam. Impressive figures In the often crazy world of cryptocurrency, few stories are as intriguing as that of Russell Ty Wilson, the Australian crypto magnate who, from a modest office adjacent to a pilates studio and massage therapist, amassed a fortune. Over the past two years, Wilson, 42, has garnered a staggering $538 million from dividends through his CoinSpot Bitcoin exchange, as revealed by company documents. According to the British-based Mail Online, CoinSpot's financial performance has been nothing short of impressive. In 2022, the company reported profits of $292 million from a revenue of $503 million. This came on the heels of an even more prosperous year in 2021, where profits touched $334 million. Such robust returns enabled the company to distribute dividends totaling $699 million over these two years. However, things weren’t always plain sailing. In 2018, CoinSpot suffered from an exploit that resulted in a loss of $37 million. Yet, the company's resilience shone through, and it continued to thrive. Unassuming and understated Wilson's business acumen is evident in his majority ownership of CoinSpot. Holding 77% of the company through Casey Block Services, he's likely to secure a coveted spot on Australia's Rich List. But what's truly fascinating is the juxtaposition of CoinSpot's immense success and its unassuming headquarters in Windsor, Melbourne, nestled between a pilates studio and a massage therapist. Away from the glitz of Melbourne's central business district, Wilson's personal life is equally understated. Residing in a four-bedroom house in Berwick, which he purchased in 2014 for $586,500, Wilson seems to prefer a life away from the limelight. This preference for privacy extends to his business dealings as well. When CoinSpot inked a sponsorship deal with the AFL club Western Bulldogs, it was an executive, not Wilson, who made the announcement. Wilson tracks down the thieves CoinSpot's success story isn't just about numbers. It's also about resilience and innovation. In 2018, the company was targeted by a scam orchestrated by James Parker, who exploited a system glitch to syphon off $37 million. Undeterred, Wilson personally tracked down the culprits when local authorities were hesitant to intervene. This episode, while a setback, showcased Wilson's determination and commitment to his venture. Today, CoinSpot stands tall as one of Australia's leading crypto platforms, boasting over 2.5 million customers and trading in 400 different cryptocurrencies. The fact that the exchange has continued to grow, especially during the pandemic-induced lockdowns, would point to its team getting things right in the face of a harsh bear market and more difficult times from a regulatory perspective. However, owner Wilson remains an enigma. The former IT consultant, despite his immense wealth and the success of CoinSpot, shies away from public appearances. The only known photograph of him is from a company blog post from 2016. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

An expert on crypto has recently postulated that criminals are leaving Bitcoin in order to use stablecoins, which are considered to be an easier go-to for illegal financial activities. From Bitcoin to Stablecoins It has often been suggested, especially in the mainstream media, that Bitcoin was one of the main currencies in which to transact illicit activities. However, recent insights suggest a shift in this trend. Originally reported by CoinTelegraph, Tara Annison, the former head of technical crypto advisory at Elliptic, stated that the criminal underbelly of the crypto world is now leaning more towards stablecoins, particularly USD Coin (USDC), over Bitcoin. Annison, during her presentation at EthCC in Paris, delved into the changing dynamics of crypto-related crimes. She pointed out that Bitcoin's decreasing popularity among criminals can be attributed to the rise of decentralised finance protocols, mixing services, and most notably, stablecoins. These digital assets, especially those pegged to the dollar, offer new, more discreet avenues for illicit transactions. Why the shift to stablecoins? Annison explains that assets like USDC offer easy access and can be effortlessly laundered through decentralised exchanges (DEXs). She remarked that in her view the deep liquidity and substantial volume on these platforms make them ideal for such activities. However, it's not all gloomy. Annison highlighted a potential advantage for law enforcement agencies. Centralised issuers, such as Circle, have the capability to freeze specific USDC tokens. This means that before these criminals can convert their assets into fiat currencies through DEXs or centralised platforms, their funds can be halted. Annison commented that in her opinion we are witnessing a rise in blacklisted USDC and USDT accounts, effectively freezing assets that criminals can't access. $7.8 billion in scams Annison went on to say that stablecoins aren't the only concern. Ponzi and pyramid schemes continue to plague the crypto sector. A staggering $7.8 billion has been syphoned off from unsuspecting victims through these scams. Moreover, criminals are constantly innovating, employing techniques like chain swapping and asset swapping to obscure their tracks, using a myriad of tools, from DEXs to mixers, in order to muddy the trail for blockchain analytics firms. In the light of crypto scams decreasing by 46% compared to previous years, Annison believes the current bear market in crypto is a significant factor, suggesting that with reduced hype and lower prices, the sector becomes less lucrative for criminals. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

LONDON, UNITED KINGDOM, May 23rd, 2023, ChainwireVertex Labs (Vertexlabs.uk), the brain behind the Caduceus metaverse protocol, Vertex Network and 3D metaverse platform, LightCycle, has acquired London-based digital art studio, Digimental Studio (Digimental), the driving force behind blue-chip 3D NFT fashion brand, HAPE for US$12 million. The acquisition completes Vertexlabs.uk offering as the world’s leading provider of Web3 and AI infrastructure and marks a pivotal milestone for the global metaverse industry.Through its acquisition of Digimental, Vertexlabs.uk will introduce a staking programme for its HAPE community members. Building on HAPE’s collaborations with Italian fashion giant, Diesel and iconic global lifestyle brand, Jagermeister, HAPE will continue to form new partnerships with fashion, lifestyle and luxury players, providing them with unprecedented access and infrastructure support within the Web3 space. The shared vision is for HAPE to become the go-to destination within the fashionverse and a home for its community members, through its integration into Vertexlabs.uk’s 3D metaverse platform, LightCycle. Digimental will lead on the creation and development of LightCycle.Founded in 2011, Digimental Studio launched its prolific brainchild, HAPE, in 2021; with a current trading volume $US200 million, HAPE boasts the largest NFT community in the world with over 420,000 members on Discord and a global, cross-platform community of over 1 million members. HAPE rapidly achieved cult status and an insatiable collector-based following for its iconic digital art, rooted in cultural cues from street fashion, tech and music. Its release of 8,192 minted HAPES (unique Ethereum-based NFTs), broke NFT-release records when it drew in 450,000+ global community members to its HAPE Discord channel, with resale purchases exceeding US$20,000 per HAPE on OpenSea. Solidifying its foothold within the fashionverse, HAPE went on to partner with Italian fashion giant, Diesel, earlier this year to launch a co-created, limited edition NFT collection, offering exclusive physical and digital rewards; the collaboration forms part of HAPE’s wider commitment to innovate together with brands, bridging the gap between Web2 and Web3.The merge builds on Vertexlabs.uk’s strategic partnership with HAPE, formed to supercharge HAPE’s ecosystem by providing a vital infrastructure layer for Web3 projectsand through the integration of tokenomics. Vertexlabs.uk’s metaverse, Web3 and AI infrastructure is powered by decentralised edge rendering and offers an unparalleled solution. Its Caduceus metaverse protocol is modular and easy to adopt, with up to 100,000 fast transactions per second, extremely low gas costs and compatibility with EVM. This means developers can use its decentralised real-time edge rendering and AI computing for migration, immersion and streaming.The merge also saw the successful integration of $CMP token into HAPE’s native ecosystem, enabling holders to purchase on-chain digital clothing within the HAPE marketplace, using CMP, to create a seamless metaverse experience.Ander Tsui, Founder & CEO of Vertexlabs.uk said: “Web3 is nothing without content. We have developed the world’s first blockchain dedicated to metaverse development and now, by adding Digimental to our stable – together we can truly push the boundaries of the digital world, providing the infrastructure for the future of fashion and entertainment.HAPE’s community is paramount in our growth strategy and we’re excited that, through tokenisation and our soon-to-launch staking programme, HAPE and CMP token holders will reap the rewards.”Matt Sypien, Founder, Digimental Studio added: “Joining forces with Vertex Labs opens up an exciting new chapter for Digimental Studio. As we enter the Hape 2.0 era, our collaboration will push the frontiers of the digital world. Cultivating a loyal and engaged community has always been at the heart of HAPE’s success. With Vertex Labs’ support, we will take this to the next level and offer our community unparalleled access and experiences in Web3. We are excited to forge new partnerships with bands leading the zeitgeist in fashion, music and culture and we are committed to continuing to innovate together.”About Vertex Labs Vertex Labs is a Metaverse, Web3 and AI infrastructure provider, powered by decentralised, real-time edge rendering engine. Its cutting-edge technology includes: A metaverse graph consensus mechanism enabling large-scale parallel processing that outmatches traditional Layer 1 protocols; a real-time edge rendering engine with flexible distributed real-time rendering technology delivering improved efficiency and lower costs for all users; interactive metaverse technology with extensive device and devkit support, enabling seamless creation and experience of immersive 3D models and environments.Join in the conversation on Twitter @VertexLabs_uk | @Caduceus_CMP |@LightCycle_MetaFollow us on Instagram @vertexlabs.uk | @caduceus_cmp | @lightcycle_metaJoin the LightCycle community on Discord, Telegram or Medium About Digimental Studio Founded and Directed by Matt Sypien, Digimental Studio offers design-led Web3 services and has numerous industry awards. As the first NFT collection by Digimental Studio, Hape launched in January 2022 to tremendous success, crashing OpenSea twice due to high demand. It continues to lead innovation in the Web3 space, operating at the intersection of fashion, lifestyle and culture.Digimental socials: LinkedIn | Instagram | TwitterHape socials & Collections: Official Website | Linkedin | Twitter | Instagram | Hapeprime | HapebeastgenesisDigimental’s profile pictureMatt SypienBio: Digimental (Matt Sypien) is the Director of Digimental Studio and Founder of Hape.Hailing from Krakow, Poland and now London-based, Digi evolved his passion for all things creative from a hobby into a career. His creativity spans a variety of media and techniques such as digital imaging, print and packaging, film and television production. His diverse client list includes Chelsea FC, Nike, Christies, Four Seasons, Google, Audi, Skrillex, The Economist, among many others.Digi's distinctive artworks have earned him numerous industry awards and global recognition.ContactMISSHAYLEY HAMBURGRAVE [email protected]+447799714727