Phishing scammers have cloned the websites of crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan to trick unsuspecting readers into interacting with a phishing site.

A cloned Blockworks site displays a fake “BREAKING” news report of a supposed multimillion-dollar “approvals exploit” on the decentralized exchange Uniswap and encourages users to a faked Etherscan website to rescind approvals.

The fake Blockworks website (left) shows a fake breaking news story of a Uniswap exploit compared to the legitimate website (right).

The fake Etherscan website, displaying a purported token and smart contract approval checker, instead contains a smart contract that would likely…

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Sam Bankman-Fried took the stand for the first time Thursday afternoon in Manhattan, but he didn’t have to answer to the jury just yet. 

The dress rehearsal gave the public a glimpse into the defense’s case, which appears to rely on one document they cannot actually produce: an alleged “document retention policy” attorneys apparently drafted for Alameda and FTX. 

Senior Judge Lewis Kaplan ordered a hearing Thursday afternoon, opting to dismiss the jury early to privately hear direct testimony from Bankman-Fried, plus a cross examination from the prosecution. 

The purpose was for Kaplan to decide what he will allow the parties to repeat in front of the jury Friday. 

The…

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Cynthia Lummis, a crypto proponent representing Wyoming in the United States Senate, has called on the U.S. Justice Department to consider charges against crypto exchange Binance following the terrorist group Hamas’ attack on Israel.

In an Oct. 26 letter to U.S. Attorney General Merrick Garland, Lummis and Arkansas Representative French Hill urged Justice Department officials to “reach a charging decision on Binance” and “expeditiously conclude” investigations of allegedly illicit activities involving Tether. The two lawmakers’ remarks followed Hamas launching a coordinated attack against Israel on Oct. 7, which they suggested was supported in part by illicit crypto…

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Chinese blockchain personality Justin Sun, who also serves as the de facto owner of crypto exchange HTX (formerly Huobi Global), claims that the firm posted a profit of $98 million in Q3 2023.

According to the October 26 thread, Sun says that HTX generated a total of $202 million in revenues during the quarter, which was offset by $104 million in expenses, leaving a total profit of $98 million. For Q4 2023, Sun projects that HTX will generate $190 million in revenue, along with $88 million in expenditure, for an estimated profit of $104 million.

“The entire third quarter was a severe quarter for the industry,” said Sun, mentioning that the U.S. Federal Reserve’s high interest rates led to…

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For more than a decade, the primary narratives surrounding Bitcoin (BTC) have focused on its role as a peer-to-peer digital cash and store of value.

However, all indications suggest that we are witnessing a significant shift in this paradigm.

Since the beginning of 2023, one of the most discussed topics in the Bitcoin ecosystem has been the use of the world’s leading blockchain to store information that goes beyond the previously mentioned use cases.

Related: Bitcoin fragments could become more valuable than full Bitcoins

If you have been isolated in an igloo during this crypto winter and are unaware of the developments, here is a brief overview.

In January 2023, developer Casey Rodamor…

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Disgraced FTX founder Sam Bankman-Fried (SBF) tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial’s jury on Oct. 26.

When prompted as to why he started using corporate communications on the encrypted messaging app Signal by prosecutor Danielle Sassoon of the Southern District of New York, SBF claimed that he only did so with the approval of FTX counsel Daniel Friedberg. However, SBF later said that while counsel approved the use of Signal, he never sought prior approval before utilizing the app’s auto-delete feature.

“At some point I remember changing my toggle to one week auto delete,” the former crypto executive…

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Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam “SBF” Bankman-Fried. As the saga unfolds, check below for the latest updates.

Oct. 26: Prosecutors rest their case

Attendees of Sam Bankman-Fried’s trial on Oct. 26 had a disappointing morning as attorneys from both sides kept an endless cycle of repeated questions, sidebars and objections, prompting District Court Judge Kaplan to interrupt witness testimony and urge attorneys to move forward.

Prosecutors rested their case early this morning after FBI agent Mark Troiano briefly testified as the last government witness. In his analysis, more than 300 Signal groups with Bankman-Fried were examined….

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Solana Labs has launched an incubator program to help scale startups interested in building on its network.

This incubator program is designed to support teams interested in building on the Solana network by providing engineering and go-to-market support. 

Solana has a total value locked (TVL) of $1.254 billion and around 114 dapps deployed on its network today, according to information on DeFiLlama.

Emon Motamedi, a product manager at Solana Labs, told Blockworks that blockchain development remains a challenge for many startups wanting to build in the space. 

“Whether you are a Web2 founder looking to integrate Web3, a Web3 founder trying to bring your product cross-chain, or a…

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