TL;DR The UK’s Foreign, Commonwealth and Development Office (FCDO) has designated Xinbi, a major Chinese-language illicit guarantee marketplace. The designation…
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<p>TL;DR The UK’s Foreign, Commonwealth and Development Office (FCDO) has designated Xinbi, a major Chinese-language illicit guarantee marketplace. The designation…</p><p>The post <a href="https://www.chainalysis.com/blog/xinbi-designation-chinese-language-crypto-scam-infrastructure/" rel="nofollow">UK Government Designates Xinbi, Key Node in Chinese-Language Crypto-Enabled Scam Infrastructure</a> appeared first on <a href="https://www.chainalysis.com/" rel="nofollow">Chainalysis</a>.</p>

UK Government Designates Xinbi, Key Node in Chinese-Language Crypto-Enabled Scam Infrastructure

The stolen Drift assets have been exchanged by the attackers for 129,000 ETH, worth 278 million.

Quick overview of the $285 million Drift theft: Hackers stole private keys and drained liquidity in 10 seconds.

A blockchain security expert compared Drift’s lapse in security to Ethereum network Ronin's $625 million loss in 2022.

Drift Protocol's $285 Million Exploit on Solana Raises Questions Over DeFi Security

US-based cryptocurrency exchange Coinbase announced a significant regulatory development that will strengthen its position in the financial sector.
The company announced that it has received condition...