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Over 300 slaves have reportedly been freed from Myanmar crypto scam centers after Thailand’s government cut off electricity, internet, and fuel along the Myanmar-Thailand border.  Dimsum Daily reports that 100 people have been freed from scam centers in Tachilek City and moved to the Mae Sai district in Thailand. Nation Thailand, meanwhile, reports that 261 victims have been freed today from scam centers in KK Park and Shwe Kokko and will be sent to the Phop Phra district in Tak province. Various raids are being carried out while authorities gather at the border to transfer the victims. However, Thailand’s Deputy Prime Minister and Defense Minister, Phumtham Wechayachai, reportedly said refugee camps would not be set up for people coming from scam centers .  Thailand cuts power to Myanmar crypto scam center regions Read more: Single Chinese ‘pig-butchering’ operation made $100M in USDT, report He said, “If their native countries will not accept them, we w...

A British charity has agreed to repay millions of dollars it received from FTX, condemning fraud underlying Sam Bankman-Fried’s conviction. Effective Ventures, a British charity, has entered an agreement to reimburse $26.8 million to the FTX bankruptcy estate, condemning the fraud linked to Sam Bankman-Fried‘s conviction, according to a report from Civil Society. The non-profit supporting effective altruism will settle with the defunct crypto exchange, repaying millions in donations received from FTX. A spokesperson for Effective Ventures says the amount is “equal to the entire amount which EV UK received from FTX and the FTX Foundation during 2022,” highlighting that EV’s projects can now fundraise with confidence, avoiding the use of donations to cover the settlement. “This means that EV’s projects can continue to fundraise with confidence that donations won’t be used to cover the cost of this settlement. We strongly condemn fraud...

Hackers managed to steal $2 billion in crypto in 2023, but for the first time since 2020, the trend is showing a decline. Throughout 2023, scammers and hackers executed numerous cyberattacks and rug pulls, resulting in the theft of approximately $2 billion worth of cryptocurrency, as reported by De.Fi, a web3 firm. A spokesperson for De.Fi, in a conversation with TechCrunch, emphasized that the figure highlights the “persistent vulnerabilities and challenges within the DeFi ecosystem.” You might also like: Major crypto hacks of 2023: how industry lost over $1b within minutes De.Fi’s REKT database documented at least 455 incidents in 2023, with the largest hack amounting to $231 million, attributed to Multichain. Despite the alarming $2 billion total, the efforts of cybersecurity experts and white hat hackers led to the recovery of approximately $200 million from the overall sum, De.Fi’s data shows. Funds lost by blockchain | Source: De.Fi Et...