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🚨#FTX employees reportedly found a backdoor allowing Alameda Research to withdraw billions in customer funds! 😲 The issue was flagged but never fixed. LedgerX's chief risk officer Julie Schoening, who raised concerns, was fired in August 2022. What do you think about this situation? 💬 Let's discuss in the comments! #crypto #blockchain #exchange

🚨#FTX employees reportedly found a backdoor allowing Alameda Research to withdraw billions in customer funds! 😲 The issue was flagged but never fixed. LedgerX's chief risk officer Julie Schoening, who raised concerns, was fired in August 2022. What do you think about this situation? 💬 Let's discuss in the comments! #crypto #blockchain #exchange

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🚀 U.S. Senators Ron Wyden and Cynthia Lummis are challenging the Department of Justice's (DOJ) interpretation of law in prosecuting crypto mixing services like Tornado Cash and Samourai Wallet. They argue these services aren't money transmitters, a view supported by past Treasury Department interpretations. 🔍 The senators are concerned that treating software developers as criminals for writing and publishing code used by others could set a dangerous precedent, contradicting decades of settled law and raising First Amendment concerns. 💼 The DOJ's stance that anything facilitating the transfer of funds is a "money transmitter" is under scrutiny. The senators argue that the rule requires the service to actually control the funds to be treated as a transmitter. 🗣️ "Wallet software is no more to blame for illicit finance than a highway is responsible for a bank robber's getaway car," says Lummis. 📜 As Congress grapples with digital asset legislation, the future of the industry hangs in the balance. What do you think about this? Let's discuss in the comments! #CryptoNews #Blockchain #DOJ
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🚀Wolverine meme coins are on the loose! TheRoaringKitty, the mastermind behind the GameStop stock frenzy, dropped a video of the X-Men character and the crypto world went wild! Over 30 new tokens sprang up on pump.fun, with others popping up on Ethereum and Solana.🔥 TheRoaringKitty, AKA Keith Gill, resurfaced on social media after a 3-year hiatus, sparking a rally in meme stocks and a volatile week for GameStop and cat-related meme coins. Meme coins have been a driving force in the recent crypto bull market, with tokens like dogwifhat and bonk skyrocketing to over $1B in market cap. But beware, some new meme coins saw sharp declines as bad actors tried to cash in on the hype. TheRoaringKitty's comeback could shake up meme coin trading. The surge in X-Men and GameStop-related meme coins shows a clear crossover between traditional finance followers and crypto meme coins. What's your take on this? #CryptoNews #MemeCoins
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🚀 GameStop's stock (GME) was halted multiple times during a surge, causing crypto enthusiasts to chuckle. Why? Crypto markets run 24/7 without any circuit breakers, unlike the stock market. 💡 Circuit breakers were introduced to the U.S. stock market after the crash of October 1987 to prevent rapid collapses. But critics argue they prevent traders from swooping in to buy and drive prices back up. 🎢 Remember when Ethereum's ether plunged from $317.81 to 10 cents in less than a second back in June 2017? Coinbase considered introducing circuit breakers but never did. Within 10 seconds, it was back above $300. 🔁 Meanwhile, everything from Bitcoin to Dogwifhat kept chugging along while GameStop was temporarily stuck. 👇 Let's hear your thoughts! Do you think crypto markets need circuit breakers? Or is the 24/7, no-halt trading part of the appeal? #CryptoVsStocks
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🔥Hot off the press!🔥 Marathon Digital Holdings, a leading Bitcoin mining firm, is in talks with Kenya to optimize its renewable energy assets and develop a crypto regime. Kenya, with over 80% of its electricity from renewables, is looking to leverage Marathon's tech to manage energy production and consumption. Marathon's solution? Using Bitcoin mining as a power management system. It consumes excess energy from renewable sources and can shut down to balance the grid. The tech is modular and can be set up anywhere, making it a perfect fit for Kenya's energy landscape. But that's not all! The Kenyan government is also seeking Marathon's insights on establishing a crypto regime. With nations worldwide building out their crypto frameworks, Kenya is eager to lead in tech and innovation. What are your thoughts on this exciting development? Are we seeing the dawn of a new era in renewable energy management and crypto adoption in Africa? Let's discuss! 💬🌍 #CryptoNews #RenewableEnergy #BitcoinMining
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🔍Bahrain-based crypto exchange Rain was hit by a $14.8M hack at the end of April, according to blockchain detective ZachXBT. The stolen funds, 137.9 BTC and 1,881 ETH, have been inactive since the exploit. 🕵️‍♂️ Rain's "pro" version, an advanced trading platform, has been intermittently down since May 5. Last year, crypto investors lost $2B to hacks and exploits across the industry, with an additional $333M stolen in Q1 this year. 😮 Rain, licensed to operate a virtual asset brokerage and custody service in the UAE since 2023, has yet to comment. What are your thoughts on this? How can exchanges better protect their platforms and users? Let's discuss! 💬👇 #CryptoNews #Blockchain
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