A Danish couple who allegedly wrongfully received $10.5M from a cryptocurrency provider are set to face a plea hearing this October. The legal proceedings could have major implications for the crypto industry.
Ryan Salame, a former executive of FTX, is facing a possible forfeiture of $1.5 billion for his role in defrauding investors after he entered a plea of guilty to federal charges.
With North Korea stealing a reported $180 million via cyber attacks in the first half of 2023, the need for strong security measures against crypto theft is now more critical than ever.