Saylor gets sued, FBI warns about DeFi exploits and Crypto.com drops $495M sp...
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This Week DC Attorney General sues Michael Saylor and MicroStrategy for tax evasionMicroStrategy co-founder Michael Saylor faces charges of evading United States income taxes he allegedly incurred while living in Washington, DC. The office of the regions attorney general, Karl Racine, has sued Saylor and MicroStrategy on....
Related News
DeFi exploits have been the order of the day since the space began to gain prominence. For a relatively new space, this is not surprising that protocols have succumbed to exploits. However, the pace and the number of exploits that have since been hacked have been alarming. 2021 saw a new record in funds stolen […]
Bitcoin investor and founder of software company MicroStrategy Michael Saylor are being sued for alleged tax fraud, according to a complaint filed by the United States D.C. Attorney General Karl Racine. The billionaire has been living in this state for around ten years, the government official said but has allegedly failed to meet tax obligations. […]
According to a research report, $1.3 billion in digital currencies have been stolen during the first quarter of 2022. The study, published by cryptomonday.de researchers, further highlights that 97% of the stolen funds derived from decentralized finance (defi) protocol exploits. Defi Exploits Account for Lion’s Share of Stolen Crypto This Year 2022 is already breaking records in terms of stolen cryptocurrencies from hacks and exploits. Last year, $3.2 billion in digital currencies were stolen and so far, 2022 has recorded over 40% of 2021’s aggregate during the first quarter....
The D.C. AG alleges that Saylor and MicroStrategy conspired to commit tax evasion by fraudulently representing Saylor’s primary residence from 2005 to present.
The United States Federal Bureau of Investigation (FBI) has issued a public service announcement about exploits attackers have recently used to steal cryptocurrency from investors that put money on decentralized finance (defi) platforms. The organization also advised crypto investors to do their own research and verify that the decentralized finance platforms chosen were audited by independent parties.
Defi Platforms Under the Eye of the FBI
The FBI has begun to notice the attention scammers are giving to decentralized finance (defi) platforms in order to exploit their....