NFT News Official TheBitTimes.com

A U.S. federal court recently used on-chain tech to lock criminals out of their crypto on the Jurat Network. Its founder, Mike Kanovitz, admits it could see hate from crypto purists. The founder of layer-1 blockchain Jurat has defended his protocol against potential haters, arguing that on-chain legal enforcement is a necessary trade-off for crypto mass adoption.  On Aug. 8, a U.S. District Court used Jurat’s on-chain enforcement tool to lock several sanctioned individuals out of their crypto accounts. These individuals were sanctioned for money laundering and using ransomware to extort cryptocurrency payments to benefit North Korea’s weapons program. A court just entered final judgment in a federal lawsuit and the court used @JuratNetwork to enforce its order on -chain ! The judge enjoined Russian and North Korean hackers from accessing their accounts, making $JTC the first crypto currency to comply with @USTreasury… — Mike Kanovitz (@MikeKanovitz) August 8, 2023 Speaking to C...

The account has made multiple posts promising a token giveaway and ushers users to a copycat website to connect their crypto wallet. The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital has seemingly been taken over by scammers attempting to lure users with the promise of a token claim . On Aug. 9, Blockchain Capital's account made multiple posts promising a giveaway of "BCAP" token s and directed users to a copycat website that emulates the appearance of the VC firm's original. Scammers posting a link to a fake Blockchain Capital website under the guise of a token claim. Source: X The copycat website — which includes an additonal "n" in the URL — directs users to connect their crypto wallet, a common tactic used by phishing scammers in order to drain user funds. The scammers tactically turned off the comments section in an attempt to prevent others from warning of the possible scam. This is fake. Don’t get scammed. https://t...

Find out the latest developments in the crypto security sector straight from the source. Security is one of the biggest concerns among crypto enthusiasts, and with good reason. Cryptocurrencies, being decentralized and digital, are susceptible to various forms of cyberattacks, and digital wallets that store these assets can be easily transferred and stolen without the possibility of recovery. This has led to an increase in scams and malicious schemes aimed at stealing users’ coins and tokens. In this interview, Alex Dulub, a seasoned expert in the blockchain industry and a member of the Forbes Technology Council shares his views on what should be done for the Web3 space to become more secure. He has extensive experience in the field and shares the motivations behind creating Web3 Antivirus, a browser extension that helps protect crypto users from web3-specific scams and malicious attacks. Q: Security is one of the main concerns on crypto enthusiasts’ lists. Why is that, and what are ...