Crypto Extortion Hits Strait Of Hormuz As Scammers Exploit Shipping Crisis
At least one vessel that came under fire while trying to leave the Strait of Hormuz may have been acting on fraudulent instructions — directions that came not from Iranian officials, but from criminals posing as them. Related Reading: Stablecoin Hype Overblown? Moody’s Says Banks Aren’t In Danger Maritime risk firm Marisks flagged the possibility […]
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US lawmakers are pushing to bring Bitcoin mining equipment manufacturing back to American soil — a move driven by growing concern that the country’s dependence on foreign-made hardware puts national security at risk. Related Reading: Crypto Extortion Hits Strait Of Hormuz As Scammers Exploit Shipping Crisis That concern formed part of the backdrop when a […]
As negotiations and a temporary ceasefire between the United States and Iran continue, and the Strait of Hormuz begins to reopen after a period of disruption, shipping companies are facing a new threat linked to crypto fraudsters. Greek maritime risk management firm MARISKS says it has received warnings about messages being sent to shipping operators […]
One ship paid $2 million just to pass through the Strait of Hormuz. That single data point tells you everything about the state of the world’s most critical oil corridor right now. Related Reading: 8,285 Bitcoin, 29 Satellites, One Massive IPO: SpaceX’s Big Week Ships Sit Idle As Clock Runs Out US President Donald Trump […]
Iran has launched a new maritime insurance platform for cargo moving through the Strait of Hormuz, with payments settled in Bitcoin, according to a report from Iran’s semi-official Fars News Agency. The project places Bitcoin inside one of the world’s most politically sensitive shipping corridors, where energy flows, sanctions pressure and maritime risk have become […]
The crypto market suffered a slight dip on Saturday, April 18th, after the tensions in the Middle East took an interesting turn over the weekend. On Friday, United States President Donald Trump announced that Iran fully reopened the Strait of Hormuz (for the first time since March) for the free passage of oil vessels, with […]