EOS Freezes User Funds to Prevent Potential Theft, Violating Its Own Constitution

EOS Freezes User Funds to Prevent Potential Theft, Violating Its Own Constitution

According to a Steemit post, EOS has frozen seven accounts that were subject to a phishing scam. The move, initiated by the 21 block producers (BPs) might seem like a logical decision, as it will stop fraudsters from relieving several users from more than $20,000 worth of the digital currency. However, the freeze also raises … Continue reading EOS Freezes User Funds to Prevent Potential Theft, Violating Its Own Constitution

Government Officials Must Disclose Crypto Holdings Following New Guidance by the US Ethics Office

Government Officials Must Disclose Crypto Holdings Following New Guidance by the US Ethics Office

The US Office of Government Ethics (OGE) has released a new guidance for those working in the executive branch of the United States Government. The document orders federal employees to report their digital asset holdings. OGE stated that digital currency qualifies as “property held … for investment or the production of income” under the Ethics … Continue reading Government Officials Must Disclose Crypto Holdings Following New Guidance by the US Ethics Office

Cornell University Researcher Predicts an EOS Vulnerability Will Lead to ‘Massive Exchange Hack’

Cornell University Researcher Predicts an EOS Vulnerability Will Lead to ‘Massive Exchange Hack’

The EOS network might have resumed operations after a halt for several hours on Saturday but has already come under severe criticism from one blockchain researcher, claiming that a yet to be discovered vulnerability will cause a ‘massive exchange hack’ within the next year. https://twitter.com/el33th4xor/status/1008699609659641857 He also warned that developers of EOS could face serious … Continue reading Cornell University Researcher Predicts an EOS Vulnerability Will Lead to ‘Massive Exchange Hack’

16 Arrested in Japan Over Monero Cryptojacking Case

16 Arrested in Japan Over Monero Cryptojacking Case

Local media has reported that in Japan, 16 men have been arrested in connection with a cryptojacking ring which installed malware on victims’ computers in order to mine Monero (XMR). The arrests took place in 10 different prefectures across the country and the first of these may have occurred as early as March. The suspects … Continue reading 16 Arrested in Japan Over Monero Cryptojacking Case