This week on Tech Times' CryptoWatch, it saw two significant issues in the world of cryptocurrency and the blockchain, with the top news centering on the mysterious Coin Cloud hack. On the other hand, there is also the news from the recent seizure by the United States of a massive crypto-investment scam focused on Southeast Asia, also with the top coin prices in the present.
Coin Cloud Bitcoin ATM Hack: A Mysterious Threat
Coin Cloud was best known as one of the top Bitcoin ATM companies before, but as it changed management, the most recent news about it was a 'hack' that supposedly took place in November. The claims talked about how threat actors revealed that they have a hold of sensitive personal information of the customers who use the machines, including face captures from the ATM's cameras.
The particular report was released by vx-underground via X, stating that an anonymous individual or group claimed that they have the personal details of customers, including the source code of Coin Cloud's backend.
However, it was reported that Coin Cloud's current owner and CEO, Andrew Barnard, said that upon investigation, there were no signs of breaches, with this remaining as a "mystery" for them.
Read also: CryptoWatch: Binance's Changpeng Zhao Resigns, HTX Global and Poloniex's Hack, and Apple's Lawsuit
US Seize a Crypto Scam that Defrauds Investors
The United States has seized a significant operation under a Chinese individual named Wang Yicheng, and it centers on a new crypto-investment fraud scheme that victimizes Southeast Asian customers. However, this was tracked because of a victim from Massachusetts, with the state's federal court detailing that as much as $500,000 worth of crypto was already confiscated.
In the past years, the businessman, Yicheng, already received around $90 million, with at least a $9.1 million account linked to a crypto wallet behind the "pig-butchering scams," as they call it.
These so-called pig-butchering scams are defrauding customers and manipulating them into investing in deceptive crypto campaigns, also affecting several US-based clients.
Here Are the Top Prices of Cryptocurrency Now
The top cryptocurrencies in the world now are seeing a red sight, meaning that there were drops in the current prices and their performance in the market. Based on CoinMarketCap's charts, the top five coins saw a slight drop over the past seven days.
- Bitcoin (BTC) - Price: $41,370.84 | 5.44 percent decrease over the past seven days
- Ethereum (ETH) - Price: $2,200.56 | 6.48 percent decrease over the past seven days
- Tether (USDt) - Price: $0.9992 | 0.09 percent decrease over the past seven days
- Binance Coin (BNB) - Price: $240.00 | 0.39 percent decrease over the past seven days
- XRP - Price: $0.6126 | 7.10 percent decrease over the past seven days
- Solana (SOL) - Price: $71.83 | 3.51 percent decrease over the past seven days
Still, the prices of the top coin saw a rally more than a week before, improving on their performance over the past months of 2023, one of the lowest points of the crypto industry.
