AI and Fake ID Scheme Nets Scammers $4 Million Using Crypto Influencer's Identity
Crypto investor and advocate Scott Melker, widely recognised as 'The Wolf of All Streets,' has issued a warning about scammers impersonating him online.
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What's Uniting the SEC's Crypto Cases
2024-01-25 05:30
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Malaysian Teen in Deepfake Porn Case Charged with Possession, Maintains Innocence on Creation
A 16‑year‑old Malaysian student was held in custody two days past his legal remand before being charged with creating and selling AI‑generated nude images of classmates. He now faces obscenity and network‑misuse charges, is out on bail, and the scandal has already prompted his school principal to resign.
WeatherlySEC to Convene Crypto Custody Roundtable on 25 April to Confront Growing Pressures: Regulatory Clarity Ahead or Just More Questions?
This second SEC roundtable brings regulators, legal experts, and crypto leaders together to address custody compliance—a key regulatory challenge. Many argue existing rules don’t reflect digital asset realities. Will the session bring clarity or more confusion?
CatherineSam Altman Endorses Bitcoin as a Global Currency Outside Government Control: “Super Logical and Important Step”
Sam Altman, CEO of OpenAI, has praised Bitcoin as a global currency beyond government control. He called it a smart and important step towards changing how the world handles money.
AnaisFirefly's Latest Update Allows Users to Combine Adobe, OpenAI, and Google AI Models in One App: Is Creative Safety Still Guaranteed?
Adobe has added AI models from OpenAI and Google to its Firefly platform, giving users more creative tools to choose from. This integration lets creators mix Adobe’s safe, in-house models with powerful third-party ones for greater flexibility.
AnaisUpbit and Bithumb Take Action on Synthetix Token After Risk Flag Raised, Halt Token Deposits Over sUSD Volatility Concerns
Upbit and Bithumb halted SNX deposits after DAXA flagged risks tied to sUSD’s broken dollar peg. Amid growing concern over Synthetix’s collateral model, the founder urged stakers to adopt a new framework, warning of possible tougher measures.
CatherineCrypto Industry Takes Aim at Banking Sector with More Than 15 Crypto Firms Eyeing Bank Licenses as Regulatory Barriers Begin to Ease
Over 15 crypto firms are pursuing banking licenses as US regulators ease restrictions, granting direct access to federal payment systems and greater institutional legitimacy. Could this mark crypto’s long-awaited entry into mainstream finance?
KikyoSouth Korea Reveals AI App DeepSeek’s Unauthorised Data Transfers to China and the US: Intentional or Oversight?
DeepSeek, a Chinese AI app, faced scrutiny in South Korea for transferring user data without consent, leading to its removal from app stores. The South Korean authorities have ordered the company to delete the transferred data and establish proper data handling procedures.
WeatherlyFamily Fraud Uncovered: Father-Son Team Jailed in $12M Crypto Scam That Defrauded Investors Through Laundering Scheme
Eugene William Austin Jr., aka Hugh Austin, was sentenced to 18 years in prison for running a $12 million crypto fraud with his son, Brandon. Posing as brokers, they promised high returns to over two dozen victims but used the funds to fund a lavish lifestyle.
CatherineIs Ethereum’s Era Ending? Cardano Founder Warns It Could Become “A Victim of Its Own Success” and Collapse Within 15 Years Due to Structural Flaws
Cardano founder Charles Hoskinson said Ethereum could become outdated in the next 10 to 15 years due to poor design choices and weak governance. He claimed its current systems are flawed and not strong enough to support future growth.
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