CryptoBlog n.1606
???????? The Singapore High Court has approved iSanctuary's use of NFTs in financial investigations. Specifically, NFTs, known as SoulBound tokens, which are non-transferrable, can now be linked to the cold wallets in question. This linking can serve as a red flag for counterparties and exchanges, signaling potential wallet compromise.
CryptoBlog n.1605
???? The memecoin PEPE has experienced a 31% surge following the burning of about 6.9 trillion tokens, equivalent to $5.5 million. This burn was initiated after bad actors within the PEPE team transferred $15 million worth of tokens to various exchanges. The team has now declared itself "free of this burden" as it looks to move forward.
CryptoBlog n.1602
⚠️ Web3 gaming project FinSoul has been accused of carrying out a $1.6 million exit scam. According to CertiK, the FinSoul team hired actors to pose as executives and raised funds under false pretenses of developing a gaming platform. The $1.6 million collected from investors was laundered through Tornado Cash. Additionally, the DeFi project Fintoch, which developed FinSoul, was also revealed to have performed an exit scam, allegedly stealing $31.6 million.
CryptoBlog n.1601
???? Google is rapidly ramping up its web3 adoption with its new initiatives: Google Cloud's Startup Program ????Partner with Orderly Network ????Create user-centric dev tools for DeFi Collaboration with NEAR ????Enhance the Web3 usability with user-friendly solutions ????Accelerate mainstream adoption Integration of Web3 Technologies and GEN AI Advancements ????Create ecosystem of web3 tech and AI to tandem ????Create generative AI application in the web3 space