AI-Powered Service Facilitates Fraudulent KYC Bypass

by Александр Пирогов | Feb 6, 2024 | Blog News

A new service called OnlyFake is reportedly leveraging AI “neural networks” to create fake driver’s licenses and passports, successfully passing Know Your Customer (KYC) verifications on multiple crypto exchanges. Priced at $15 each, the service...

Jupiter Exchange Surpasses Uniswap V3 in DeFi Market

by Александр Пирогов | Feb 6, 2024 | Blog News

The achievement of Jupiter Exchange represents a significant milestone in the DeFi sector, signaling the growing influence of Solana-based platforms. Jupiter’s success is attributed to its innovative technology, user-friendly interface, and the low transaction...

Former Terraform Labs CFO Extradited to South Korea

by Александр Пирогов | Feb 6, 2024 | Blog News

Former Terraform Labs Chief Financial Officer Han Chang-joon, also known as J.C.H., was extradited from Montenegro to South Korea on February 5, according to a statement by Montenegro’s police. Han and former Terraform CEO Do Kwon were arrested in March 2023 at...

China’s Cryptocurrency Policies: Navigating Complexity

by Александр Пирогов | Feb 6, 2024 | Blog News

Recent revelations challenge the widely held belief that China has enforced a blanket ban on cryptocurrencies, shedding light on a more intricate regulatory landscape. Despite crackdowns on financial institutions’ involvement with Bitcoin in 2013 and the ban on...

American Vast Bank Ceases Crypto Operations Amid Regulatory Pressure

by Александр Пирогов | Feb 6, 2024 | Blog News

American Vast Bank, the pioneer in offering cryptocurrency tools to clients in the United States, has made the decision to exit the crypto industry. The announcement, posted on the bank’s website, revealed the closure of the mobile application that facilitated...

Hong Kong Securities and Futures Commission Urges Investors to Verify Virtual Asset Platforms’ Licenses

by Александр Пирогов | Feb 5, 2024 | Blog News

As Hong Kong approaches the end of the regulatory transition period for virtual asset trading platforms, the Securities and Futures Commission (SFC) issues a crucial advisory to investors. The SFC emphasizes the importance of ensuring that platforms are fully licensed...