BITS OF BLOCKS
BLOCKCHAIN, LAW AND REGULATION
Steven Pettigrove, Partner, Piper Alderman
Michael Bacina
No monkey business: Bored Ape Yacht Club hacked
Yuga Labs, the collective behind the Bored Ape Yacht Club (BAYC) NFTs, was targeted in a hacking attack via Instagram this week....
SEC Chair's negative crypto narrative continues
SEC Chair Gary Gensler has recently announced another set of initiatives to expand investor protections in the $2 trillion cryptocurrency...
ACCC takes Meta to task over alleged misleading crypto ads on Facebook
The ACCC has commenced Federal Court proceedings against Meta - the owner of the Facebook social media platform - for alleged breaches of...
Critical bug in Coinbase reported and fixed
A security engineer under the user name 'Tree of Alpha' has been paid USD$250,000 as a 'bug bounty' for locating a frighteningly simple...
FBI Forms Crack Team to Target Crypto Crime
The United States Federal Bureau of Investigation (FBI) has announced that it is launching a new team dedicated to blockchain analysis,...
Citizen Blockchain: The ‘Rosebud’ of NFTs up for sale in CityDAO
Decentralised autonomous organisations – or DAOs – are continually evolving our understanding of the interaction between physical and...
Blockchain Global under external administration
After millions of dollars in bitcoin held by the alleged operator of failed crypto exchange ACX were frozen by the Victorian Supreme...
Ransomware on the run? Russian digital currency exchange tracked and sanctioned for enabling crime
Over the Counter digital currency exchange, Suex, has the dubious honour of being the first of its kind to be sanctioned by the US...
Freezing order made against Blockchain Global in $10.3M ACX exchange case
After a 2 year waiting game, customers of the ACX exchange have secured an order in the Supreme court of Victoria to freeze assets of...
Cash Remains Preferred Currency For Criminals
There has been endless speculation surrounding the safety and legitimacy of cryptocurrencies in recent years, with particular emphasis on...
Unnamed employee sprung stealing from liquidated exchange Cryptopia
An unnamed Christchurch man has recently pleaded guilty to stealing over NZ$250,000 worth of digital currency from digital currency...
Cryptocurrency education still critical
Despite Bitcoin having been created in 2009, and the recent anniversary of the first retail bitcoin transaction, which occurred on May 22...
DCEs call for regulation in the wake of competitors going ghost
Last month we wrote about the intensifying discussions around the social and environmental footprint of digital currencies. But, as the...
Alleged instagram scammer Jay Mazini arrested in New York
Jay Mazini (real name Jegara Igbara), an Instagram "influencer" with almost 1,000,000 followers who posted viral videos of giveaways of...