Access to Binance's Law Enforcement Request Panel Is for Sale for $10K

 Binance uses a third-party service called Kodex to validate law enforcement requests.

A bad actor is selling access to Binance’s law enforcement request panel, which provides lawful access to account data, for $10,000 in bitcoin (BTC) or monero (XMR).

Binance provides access via a third-party service called Kodex, commonly used by online financial institutions or social media platforms to validate law enforcement requests and facilitate access.

InfoStealers, a publication covering the Darknet and data breaches, reported that three computers belonging to law enforcement officers from Taiwan, Uganda, and the Philippines were compromised in a global malware campaign in 2023, leading to stolen browser-stored credentials and unauthorized access to Binance’s login panel.

U.S. SEC Denies Coinbase's Push for Crypto Regulations as 'Unwarranted'

The U.S. exchange had formally petitioned the agency to start writing comprehensive crypto rules, but after "careful" consideration, the SEC said no.

The biggest and most established global hub for everything crypto, blockchain and Web3.

Coinbase has waited since 2022 for a response from the Securities and Exchange Commission on its formal petition to request tailored regulations for crypto, even seeking to force an answer through the courts, and the rejection has now arrived.

Binance to Pay $4.3B to Settle U.S. Criminal Case; Changpeng 'CZ' Zhao Resigns as CEO and Pleads Guilty in Seattle

Binance, the world's largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle the allegations in "one of the largest penalties" the U.S. has ever obtained from a corporate defendant.

Founder Changpeng "CZ" Zhao pleaded guilty in Seattle to charges he personally faced and agreed to pay a $50 million fine, as well as step down from the CEO job. Richard Teng, a former Abu Dhabi regulator and later Binance's regional markets head, will take over as CEO.

Texas City FBI Warns Locals of Government Impersonation Crypto Scam

 Some residents of the city of El Paso in the US state of Texas have received a legitimate-looking letter from scammers impersonating as Federal Bureau of Investigation (FBI) asking to pay cryptocurrencies.

The FBI has warned locals of a crypto scam that convinces victims to send cryptos and other funds. The scammers claim to be the head of the local field office in a fake government document.

SEC generated record confiscated income in 2022: why it is crucial for crypto

 While the SEC states its mission is to protect investors, there are questions about its methods and motives. This piece unravels the SEC’s structure, balance sheet, and notable interactions with cryptocurrency entities, providing an insightful and comprehensive look at a complex issue.

Hailed as a beacon of free market principles, the cryptocurrency market is going through an intriguing phase. It’s an era where the invisible hand of the market meets the tangible fist of regulation. 

The US Securities and Exchange Commission (SEC) sits at the eye of this storm. The regulator finds itself walking a tightrope – protecting the interests of investors while navigating the rapidly evolving crypto landscape. 

Bitcoin ordinals’ creator steps down as inscriptions surpass 10m

Casey Rodarmor, the person behind bitcoin ordinals, reveals he will step aside from his role, with the platform reaching a milestone of over 10 million user registrations.

Casey Rodarmor, the brain behind bitcoin ordinals, took to Twitter today, sharing two significant developments: now there are more than 10 million user registrations on the platform, and his decision to step down from his current role.

Samsung and Bank of Korea join forces for CBDC research

Samsung Electronics and the Bank of Korea (BOK) have announced a partnership to conduct joint research, focusing on the development of an offline payment system for a central bank digital currency (CBDC).

The South Korean tech giant Samsung Electronics and the Bank of Korea (BOK) have announced a partnership. They are joining hands to drive research and innovation in the domain of central bank digital currencies, also known as CBDCs.

This collaboration was formalized via a Memorandum of Understanding (MOU), signed at Samsung’s main base in Suwon, Gyeonggi Province. The venture will focus on the potential of the CBDC issued by the BOK and its application in the offline payment industry.