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The law enforcement agency managed to track the funds linked to the E-Nugget scam app to different crypto exchanges and, with their help, seized over $10.5 million in crypto assets. The Enforcement Directorate (ED), an Indian law enforcement agency, seized 90 crores INR ($10.5 million) from an online scam app called E-Nuggets with the help…

LayerZero’s ZRO perpetual futures contract is trading at $8.6 on Hyperliquid, the world’s largest perps DEX, suggesting a potential $17 billion fully diluted valuation. LayerZero, a cross-chain interoperability protocol, is preparing to launch its long-awaited airdrop for users.LayerZero has completed the first snapshot for its upcoming airdrop on May 2, according to an X post…

BTC price action spooks ETF investors, data shows, but there is reason to believe that Bitcoin is seeing a broadly healthy correction. Bitcoin (BTC) did not see a “massive futures margin call” as BTC price action plumbed two-month lows, analysis says.In a thread on X (formerly Twitter) on May 2, Checkmate, the lead on-chain analyst…

Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second (EH/s) with a $240 million investment. The impact of the fourth Bitcoin (BTC) halving has led Bitfarms to report its lowest monthly earnings in over two years.The mining firm earned 269 BTC in mining rewards and transaction fees in…

The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation. The Federal Bureau of Investigation (FBI), alongside a New York court, arrested a local resident under the allegations of orchestrating a sophisticated Ponzi scheme…

Patrick Gruhn, the former head of FTX Europe, has paid nearly $1.5 million for a gold pocket watch recovered from the body of the Titanic’s richest passenger, The Wall Street Journal has reported.

Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s automation services. The decentralized finance (DeFi) protocol Pike has clarified its previous statement regarding a vulnerability found in USDC Coin (USDC). The clarification comes after the platform experienced a $1.6 million exploit on…

Patricia CEO Fejiro Hanu said they are currently awaiting the prosecution and conviction of the other suspects involved. Fejiro Hanu, CEO of Nigeria’s first local crypto exchange, Patricia, has denied rumors of its closure, calling them a media ploy for clicks. He affirmed that the exchange is still running.In a post on X, Hanu expressed…

Arkansas Governor Sarah Huckabee Sanders is expected to sign the bills into law which will regulate miners’ noise, water use and licensing. Two bills regulating crypto mining in the American state of Arkansas have fully passed the state’s House of Representatives and are heading to the Governor’s office — the last step before they become…

The Infinex front-end DEX is targeting a May 13 launch, pending a final vote from Synthetix’s governing council. Synethix founder Kain Warwick has “finally” given a date for when the decentralized exchange front-end Infinex is set to go live after several delays from its expected Q4 2022 launch. Infinex is targeting an official launch on May…