The Philippine Web3 Festival served as a platform for Filipinos to engage with the international community on the future of Web3, including how emerging technologies can spur the nation's livelihood.
Using the right blockchain analysis tools and assigning experienced field investigators from the public and private sectors are key to combatting cybersecurity threats, Chainalysis finds.
Founder Trung Nguyen moved 48,000 AXS tokens after the $600 million hack was discovered but before the company came clean, which Axie says was for the benefit of users, according to reports.
The game rose to fame after it was billed as a way out of poverty and racked up its biggest following in the Philippines, only to leave them in debt with its Ponzi-like model.
A spokeswoman for the company told Bloomberg that users could withdraw one ETH for each one they held on the platform at the time of the hack when Ronin Bridge relaunches.
While being one of the highest adopters of digital currencies, Vietnam is not the friendliest jurisdiction for digital currency and blockchain firms, according to local reports.
BSV Blockchain launched an online platform in China called the "CSDN Blockchain Engineer Qualification program," which aims to help bitcoin beginners learn how to store data in a Bitcoin network.
The Anti-Money Laundering Council (AMLC) wants financial institutions to conduct due diligence when dealing with P2E gamers following the Axie Infinity's Ronin Bridge hack.
The U.S. Treasury connected the theft to the North Korean hacker group Lazarus Group it also added the related Ethereum address to its sanctions list.
The Bangko Sentral ng Pilipinas issued the warning at a time when the Philippines has become a global leader in play-to-earn games, making 40% of Axie users.
Ronin Bridge, the Ethereum sidechain used by popular NFT game Axie Infinity, lost over $600 million in what appears to be one of the largest digital currency heists in the world.