Zack Abrams
Zack Abrams is a writer and editor based in Brooklyn, New York. Before coming to The Block, he was the Head Writer at Coinage, a Web3 media outlet covering the biggest stories in Web3. The story he co-reported on Do Kwon won a 2022 Best in Business Journalism award from SABEW. Other projects included a deep dive into SBF's defense based on exclusive documents and unveiling the identity of the hacker behind one of 2023's biggest crypto hacks — so far. He can be reached via X @zackdabrams or email, [email protected].
25 articles
Nobitex Exchange Linked to Sanctioned Iranian State Entities
Reuters reports that Nobitex, a leading Iranian cryptocurrency exchange, has facilitated hundreds of millions in transactions associated with sanctioned Iranian state entities since 2018. The exchange was founded by the sons of an influential political family connected to the country's supreme leaders.
2 months ago·The Block·Reported by Zack Abrams
Coinbase Reaches Agreement on Clarity Act for Stablecoin Yield
Coinbase CEO Brian Armstrong announces a deal on the Clarity Act related to stablecoin yield, signaling potential movement in the Senate. The development may end a prolonged legislative stalemate, according to The Block.
2 months ago·The Block·Reported by Zack Abrams
Study Reveals Majority of Polymarket Gains Funded by 3% of Traders
A new study from The Block shows that only 3% of Polymarket accounts are responsible for most price discovery between 2023 and 2025. This indicates a significant concentration of trading skill and profits among a minority in the platform's trading ecosystem.
2 months ago·The Block·Reported by Zack Abrams
Young Man Sentenced for Role in Major Crypto Money Laundering
A 22-year-old has received a 70-month prison sentence for his involvement in a $263 million money laundering scheme linked to cryptocurrency activities, according to The Block. Prosecutors described the operation as highly greedy and almost absurd in nature, demonstrating the serious consequences of financial crimes in the crypto space.
2 months ago·The Block·Reported by Zack Abrams
Litecoin Reverses History After Privacy Layer Exploit
The Block reports that Litecoin has addressed a major privacy layer exploit by rewriting three hours of its blockchain history. This incident involved attackers attempting double-spends during a temporary fork, affecting cross-chain swap protocols.
2 months ago·The Block·Reported by Zack Abrams
CFTC Challenges New York Amid Prediction Market Dispute
The Block reports that the CFTC has filed a lawsuit against New York, marking its fourth suit against a state in just three weeks. This action coincides with a separate case involving Massachusetts and targets prediction markets.
2 months ago·The Block·Reported by Zack Abrams
Aave and Partners Seek Release of $71 Million in Frozen ETH
Aave, Kelp, and LayerZero have formally requested the Arbitrum DAO to unlock $71 million in frozen ETH. This funding aims to support the recovery efforts for the rsETH token, which has been under pressure.
2 months ago·The Block·Reported by Zack Abrams
