Monero price rises 20% after Atomic Swap implementation

Monero (XMR), the largest privacy-focused cryptocurrency by market capitalization, has posted a 20% price surge following the launch of the Atomic Swap implementation program last week. On Friday, the Monero Project officially announced a rollout of the Atomic Swap implementation developed by the cross-blockchain protocol COMIT Network, aiming to simplify trades between XMR and Bitcoin (BTC). […]

US Officials Allege Student Defrauded Apple as Part of SIM Swap Attack

A 20-year old California resident was charged Monday by the Department of Justice for allegedly participating in a SIM-swapping scam that defrauded Apple and stole one victim’s cryptocurrency. Richard Yuan Li, a student at University of California-San Diego, is accused of one count of conspiracy to commit felony wire fraud in connection to the scheme, […]

Terpin Fires Back at AT&T’s Motion to Dismiss $200M ‘SIM Swap’ Claim

Crypto investor Michael Terpin has filed an opposition to telecom giant AT&T’s motion to strike out his $200 million punitive damages claim in the long-running SIM swap case Terpin was the victim of attacks in 2017 and 2018 and lost $24 million in cryptocurrency. The investor asserts that his device was compromised as a result […]