#cryptocurrency
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A federal court in Brooklyn has sentenced former investment banker Rashawn Russell to 41 months in prison for his involvement in a cryptocurrency fraud scheme and identity theft. Investors suffered losses of approximately $1.5 million, which Russell must now repay. 
A new product named Ether․fi Cash is designed as an alternative to the often complex and costly off-ramp process of converting cryptocurrency to fiat money. The developers hope that this innovation will allow cryptocurrency holders to operate entirely within the blockchain ecosystem. 50 People Fall for a Honeypot Scam in South Korea
The Gwangju Police Agency Cyber Crime Investigation Unit has arrested 28 individuals involved in a cryptocurrency investment fraud scheme under Article 345 of the Criminal Code of the Republic of Korea. The group duped their victims out of more than $13 million. 
Venture capital firm Founders Fund, co-founded by Peter Thiel, has invested in the cryptocurrency prediction market platform Polymarket, which allows users to place bets on various events, including U.S. presidential elections. The project has raised a total of $70 million, with even Vitalik Buterin joining in as one of the investors. How is Crypto Business Building Customer Trust?
As the regulatory environment for the cryptocurrency market remains in flux, often causing more instability than stability, crypto companies in the U.S. cannot afford to sit back. They are proactively working to secure the loyalty of investors and their community. Crypto IRAs: Future-Proof Your Retirement
As cryptocurrencies increasingly make their mark on the global financial landscape, savvy investors are beginning to explore their inclusion in retirement plans. The surge in digital assets has led to an upswing in crypto IRA providers, granting access to cryptocurrency investments. Here's a look at the unique aspects of these projects. 
Data from security service provider Immunefi reveals that since the start of 2024, cryptocurrency projects have suffered $473 million in losses (108 incidents) from hacker attacks and rug pulls. Last month, the industry lost $52 million, a decrease of 20% from April 2024 and 12% from May of the previous year. 
