Crypto Crime

• The Australian Securities and Investment Commission (ASIC) has closed more than 7k scam websites till date since July 2023, this includes 615 crypto scam sites.  (Read)
• Police in Sepang District, in Selangor state of Malaysia has arrested 3 local people and 4 foreigners for stealing Power, it is reported that those 7 people were mining Bitcoin with stolen power. ( Read )

Lawsuits & Judgements

• The Australian Competition and Consumer Commission (ACCC) court has found that half of Facebook ads are scam, and Meta was violating its own advertising policy to make money from scam ads. ( Read )
• A Florida woman has sued Google for $5 million over scam cryptocurrency app. Her complaint states that the Google took three months to remove the app even after receiving a complaint from the CFPB. ( Read )

Blockchain and Technology

• The Optimism Foundation has ended its decentralisation process of the permissionless fraud proof system due to various flaws. Attention is now being paid to OP Labs' Granite upgrade which involves a hard fork. (Read)
• Virtual assets firm Hashkey Group has partnered with Web3 gaming firm Catizen AI. This partnership will provide HashKey digital asset services to Catizen AI users via Ton blockchain. (Read)

Whale Movement 

     Some USDT millionaire transferred 52M tokens from Kraken to Bitfinex. According to whale alert data, TRON blockchain was used for transaction, which costed 0 fees. (Read)      

Earn Crypto 

     Gate has opened DOGS token deposit and trading, and announced a number of campaigns with prize pool of thousands of $ (Read).