Bitcoin trader loses $70 million after sending cryptocurrency to wrong address
This is a popular type of scam with «address poisoning»/ address poisoning — when fraudsters create fake accounts with a fake cryptographic address that contains similar first and last characters to the real one.
Binance founder Changpeng Zhao will spend 4 months in jail — due to «inadequate protection» against money laundering on the crypto exchange
Zhao pleaded guilty in November, and on April 30 received a 4-month prison sentence.
Bitcoin has updated its all-time high — the price per coin has reached $69.2 thousand.
On Tuesday, the flagship cryptocurrency jumped in price again due to the high demand for bitcoin ETFs, updating its historical record to $69.2 thousand (in November 2021, the coin was valued at $68.9 thousand).
Bitcoin exceeded $65 thousand — the highest level since the end of 2021
The record level of $68,999 was set in November 2021.
Parents of Sam Bankman-Fried say he is «too naive» for prison and beg judge to reduce sentence
Relatives of the ex-owner of the bankrupt FTX crypto exchange begged the judge to reduce the sentence, arguing that his naivety could put him in «extreme danger» behind bars, reports Business Insider.