A&D Forensics Brief, August 12, 2022
A&D Forensics
Financial and Blockchain Intelligence Consulting, Blockchain Forensics, Crypto Investigations and Training Firm.
Regulatory and Crime News
According to a Thursday Discord post, sanctioned addresses will no longer be able to use the Oasis app, a decentralized finance platform. Due to a change in the terms of service, wallets identified as high risk are no longer permitted to manage positions or make withdrawals using Oasis.app.
Following the April crypto market slump, curiosity among Nigerians significantly increased, according to the CoinGecko study. Of the 15 nations included in the study, Nigerians searched the terms "cryptocurrency," "invest in crypto," and "purchase crypto" the most, with a total search score of 370.
William Panzera, 49, of North Haledon, New Jersey; Thomas Padovano, 48, and Bartholomew Padovano, 71, both of Newark; and Sean Tighe, 46, of Kearny, New Jersey, are each charged in a second superseding indictment with one count of drug trafficking conspiracy and one count of international promotional money laundering conspiracy. Thomas and Bartholomew Padovano are also charged with domestic concealment money laundering conspiracy.
Matt Henderson, head of product at Aurora Labs, was about to lose his tokens to con artists when an alert escrow agent and a screenshot intervened.
OpenSea, the world’s biggest venue for trading Non-Fungible Token (NFT) items, has revealed its new policy governing the handling of stolen digital arts and general theft on its platform.
Cross-chain bridges have been the subject of numerous attacks this year, but according to new information from blockchain analytics provider Elliptic, one of them was allegedly used to launder almost $500 million in illicit cryptocurrency assets.
Nuri joins a host of crypto firms that?have run into liquidity issues?during the bear market of 2022, with the most notable names?being Voyager Digital, Celsius and Three Arrows Capital.
In a recent statement released by Nuri Banking, a German Startup Crypto with a 500k client base, the startup filed for Insolvency – a situation where a debtor cannot pay the debts they owe.
Whitehat hackers have since returned over $32.6 million worth of cash, just hours after the Nomad token bridge revealed an Ethereum wallet address last week for the repatriation of funds following a $190 million attack.
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Binance has publicly?debunked?claims of its management of funds from WazirX following the recent Indian regulatory action against the exchange. Regulators froze?$8.1 million?in funds belonging to the local exchange, which boosted over?15 million?users as of August.
A high-ranking BitMEX executive, Gregory Dwyer, alongside the three founders of BitMEX, has pleaded guilty to violating the Bank Secrecy Act. He faces a maximum sentence of up to five years in prison.
After issuing the original warning, Curve announced that it had discovered and fixed the problem and advised customers to "immediately" withdraw any contracts they have just approved.
Coinbase Boss Brian Armstrong noted that the crypto giant Coinbase has engaged with the European Union on its Markets in Crypto Assets (MiCA) proposal and is willing to work with other jurisdictions to create a "clear regulatory regime for crypto."
EVENTS
A&D Forensics was present at the just concluded SiBAN P2P Conference held on Saturday, August 6, 2022 at the Civic Center, Lagos, Nigeria.
The Theme of the Event was “CeFi, DeFi, and TradFi: Is there a need for convergence in the current divergence?”, and the place of blockchain security was discussed in the panel sessions.
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