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Key Takeaways A hacker who first exploited UXLINK lost the funds to a phishing scam perpetrated by another criminal. This case highlights a rare ‘hacker-on-hacker’ crime, demonstrating that even cybercriminals are susceptible to phishing schemes. Share this article A hacker who exploited UXLINK lost $48 million worth of UXLINK tokens today after falling victim to … Read more
When Mark Lee was a law student at Harvard, a trademark class exposed him to the staggering scale of counterfeiting, an illicit industry worth more than $3 trillion annually, and set him on an unexpected path to entrepreneurship. “I was always broadly interested in technology and startups, but I never really thought I’d be an … Read more
When Parthi Duraisamy was a consultant at McKinsey’s Dubai office, he discovered that the American Express cards his company relied on for corporate expenses were rarely accepted in the Middle East. This forced Duraisamy to cover significant travel expenses out of pocket and file endless expense reports. “It was a constant pain,” Duraisamy explained on … Read more
Alex Mashinsky, disgraced founder of bankrupt crypto lending firm Celsius, stole $48 million from customers. A landmark case of crypto fraud reached its conclusion. On Thursday, May 8, Celsius founder Alex Mashinsky was sentenced to 12 years in prison for his role in the firm’s bankruptcy, which cost its users billions. According to the prosecution, … Read more
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