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Crypto investors are advised against sharing seed phrases with anyone as it will provide them complete access to funds and the capacity to transfer or withdraw from it at will.
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Paulson also urged other victims to report scams without embarrassment, adding that “it only takes a second to be distracted and fall victim.”
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In total, the nine victims lost more than $1.2 million to the scam stemming from the data leak.
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Detective Sergeant Darryll Paulson asked Kent residents not to give away personal information over the phone to anyone claiming to be the police or a crypto host:
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“With that information, the fraudsters were able to rebuild the wallet, steal the funds and transfer them so that they can’t be recovered,” the police alert stated.
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On Feb. 27, Cyberport hosted the “AI Safety, Trust, and Responsibility” forum with international AI academic institutions to discuss AI governance, safety and responsible innovation initiatives.
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At the CFTC, Goldsmith Romero helped re-establish the technology advisory committee, which was created to guide the agency in how best to respond to the crypto industry.
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@jolineame Goldsmith Romero’s office and the CFTC didn’t immediately respond to a request for comment.
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According to Meir Dolev, co-founder and chief technical officer at Cyvers, the attack shares similarities with the $230 million WazirX hack and the $58 million Radiant Capital hack.
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Argentine President Javier Milei is facing calls for impeachment after endorsing a cryptocurrency project that collapsed in what analysts are calling a massive insider scam.
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On Jan. 14, CoinGecko published its “2024 Annual Crypto Industry Report,” which revealed that AI agents took off as a category shortly after the launch of the Goatseus Maximus (GOAT) coin on Solana in October.
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The market capitalization of artificial intelligence agents surged by 222% in the fourth quarter of 2024, rising from $4.8 billion in October to $15.5 billion by December.
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Agentic AI tokens already command roughly $15 billion in total market capitalization and about $875 million in daily trading volume, according to Chen.
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Blockchain security firm CertiK has issued a warning to crypto investors about the rising threat of phishing scams, which emerged as the most significant security threat of 2024.
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He’s also nominated pro-crypto Scott Bessent as Treasury Secretary and designated former PayPal Chief Operating Officer David Sacks as AI and crypto czar, tasked with developing a clear legal framework for the crypto industry.
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The European Securities and Markets Authority, one of the key supervisors of MiCA compliance, told Cointelegraph that it was yet to announce the legal status of USDT, with discussions pending.
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According to data from Farside Investors, BlackRock’s iShares Bitcoin Trust ETF brought in $5.6 billion of investments in November, accounting for almost 87% of the total monthly inflows.
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United States investors poured $6.4 billion into spot Bitcoin exchange-traded funds (ETFs) in November as the BTC market price rallied 45% to the $99,000 level for the first time in history.
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Earlier, Cointelegraph reported on increased selling pressure from Bitcoin’s more seasoned hodler cohorts.
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“As the market moves towards the later stages of the cycle, the magnitude of the rise tends to be larger, and the periods of decline/adjustment are shorter,” the post said.
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