“We hope you can remember us as the best drainer that has ever existed,” wrote the scam-as-a-service wallet drainer. Inferno Drainer, one of the most popular crypto wallet-draining kits for hire says it is shutting down for good after helping phishing scammers steal nearly $70 million worth of crypto this year. In a Nov. 26…
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Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital. The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing “limited commercial upside.” In a series of X (Twitter) posts on…
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The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement. New York-based Signature Bank, another crypto-friendly bank, has been closed down by its state charter authority. The Federal Reserve explained in a March 12 statement that the decision was…
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Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money. Bitzlato Allows Withdrawals After Staying Offline for Weeks Users who…
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The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators. Cryptocurrency lending firm Nexo Capital is set to terminate its yield-bearing Earn Interest Product for its customers in the United States roughly a month after it agreed to pay $45 million in penalties to U.S.…
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Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues Crackdown on Unlicensed Cryptocurrency Mining Iranian officials have unplugged and…
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The once-popular and now discontinued file-sharing platform Limewire is returning after shutting down in 2010. However, rather than provide access to copyrighted music files and movies, the new Limewire aims to launch a marketplace dedicated to non-fungible token (NFT) technology. Limewire Plans to Return With an NFT Marketplace Platform Limewire plans to return from the…
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Coinzo, one of Turkey’s largest cryptocurrency exchanges, is terminating its digital asset trading services. The platform said its website will remain online in the next six months to allow users to withdraw their holdings in cryptocurrency and Turkish fiat money. Another of Turkey’s Crypto Exchanges Closes Amid Ankara’s ‘War’ on Cryptocurrency Leading Turkish crypto exchange…
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