Terraform Labs founder Do Kwon pleaded guilty to conspiracy to defraud and wire fraud in connection with the $40 billion collapse of TerraUSD and Luna in 2022. Facing up to 25 years in prison, he admitted to misleading investors about the stablecoin’s value maintenance, with a potential sentence of no more than 12 years if he takes responsibility for his actions.
Want More Context? 🔎
GeoServer Exploits, PolarEdge, and Gayfemboy Push Cybercrime Beyond Traditional Botnets
Cybersecurity researchers are highlighting campaigns exploiting Redis servers through known vulnerabilities, notably CVE-2024-36401 (CVSS score: 9.8), leading to malicious activities such as IoT botnets, residential proxies, and cryptocurrency mining. These attacks underscore the critical need for improved security measures to protect against such exploits. Want More Context? 🔎
Read more