Altcoin News by Thebittimes.Com

Major cryptocurrency exchange Binance and its former CEO, Changpeng Zhao, are embroiled in a lawsuit filed by victims of the Oct. 7 Hamas attack on Israel.  The suit, lodged in the New York Southern District Court on Jan. 31, alleges that Binance processed transactions for Hamas in breach of the U.S. anti-terrorism act. Plaintiffs are seeking damages, accusing the defendants of providing substantial support to terrorist organizations. The complaint points to Binance’s facilitation of clandestine financial transactions for Hamas, effectively bypassing U.S. regulatory scrutiny. This follows Binance’s settlement with the U.S. Department of Justice in November for anti-money laundering violations, including a hefty $4.3 billion fine and agreeing to comprehensive monitoring by U.S. authorities. In response to the attack, Binance swiftly froze Hamas-linked accounts at the request of Israeli law enforcement. The lawsuit also implicates the governments of Iran and Syria. Iran, labeled...

The executive appears to have now recovered his account. Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake “airdrop” phishing scam. In Madrid’s post, he warned Sandbox users that they should “never click on any link that promote Airdrop or URL and look SCAMMY - and not 100% using our proper and unique URL/domain name : //sandbox.game.” My Twitter was hacked today. and now is back. Please never click on any link that promote Airdrop or URL and look SCAMMY - and not 100% using our proper and unique URL/domain name : https://t.co/X3rXN9z8z7 — Arthur Madrid (@arthurmadrid) May 26, 2023 Four hours before Madrid’s post, The Sandbox’s official Twitter account also warned that a scammer had taken control of the account and was promoting “a scam / phishing link for ...