Today’s Cryptocurrency Highlights: Key Developments in Bitcoin (BTC), Ethereum (ETH) and More
- The crypto market experienced significant activity on May 8, with several events capturing investors’ attention.
- Bitcoin’s slight decline sparked movement in the crypto market, with news flow playing a critical role.
- Among the most discussed developments in the crypto sector were the arrest of a suspect in the ZKasino scam and FTX’s billion-dollar compensation offer.
Explore the latest developments in the crypto market, including the arrest of a ZKasino scam suspect and FTX’s billion-dollar compensation offer. Stay updated with the most recent crypto news and trends.
Key Development in ZKasino Scam
The onchain research team behind the crypto exchange Binance played a significant role in leading law enforcement to the arrest of a suspect in the ZKasino scam. The team used a combination of onchain and open-source intelligence (OSINT) methods to find the attacker and examine all of ZKasino’s smart contracts. After identifying the suspect behind the smart contracts, Binance alerted law enforcement, leading to the arrest of the 26-year-old suspect and the seizure of 11.4 million euros ($12.2 million) worth of crypto, real estate, and luxury cars.