Quick Breakdown Australia to expand AUSTRAC’s powers to regulate crypto ATMs amid growing scam concerns. Over 2,000 machines now make Australia the third-largest crypto ATM market globally. New transaction limits and stricter compliance rules aim to curb fraud and...
Quick Breakdown U.S. prosecutors charge Prince Group’s founder over a massive crypto investment fraud scheme. The operation allegedly laundered billions through forced-labour scam compounds in Cambodia. DOJ calls it one of the largest crypto-related fraud and forfeiture cases in...
Quick Breakdown OKX freezes deposits and withdrawals linked to Huione Group following U.S. money laundering designation. Exchange vows to maintain compliance and protect users amid growing scrutiny of crypto platforms. Huione accused of facilitating billions in illicit crypto tied...
Quick Breakdown SEAL launched a cryptographic verification tool to combat crypto phishing scams. The system enables researchers to produce verifiable proofs of phishing content. It tackles “cloaking” tactics that help scammers hide malicious activity. SEAL unveils tool to...
Quick Breakdown Singapore High Court approves WazirX’s restructuring plan for post-hack recovery. The exchange lost $234M in July 2024 to a Lazarus-linked hack. User repayments could begin within weeks, though timelines remain uncertain. WazirX wins court approval to...
Quick breakdown UK officials are considering whether to return only the original £640M value of a fraud case to victims, despite 61,000 BTC now being worth $7.24B. The seizure, tied to Chinese fraudster Zhimin Qian, is the largest cryptocurrency...
Quick Breakdown Hackers compromised BNB Chain’s official X account, promoting fake BNB airdrops. CZ and the BNB Chain team confirmed the breach, warning users to avoid malicious links. Experts suggest the hack stemmed from human error or a “social-layer...
Quick Breakdown Hyperdrive lost nearly $700K in an exploit targeting its router contract but has since reimbursed users. Stolen funds were laundered across Ethereum and BNB Chain, with Tornado Cash involved. The exploit highlights ongoing security challenges for the...
Quick Breakdown South Korean actor Hwang Jung-eum received a two-year prison sentence, suspended for four years, for embezzling over $3 million from her agency. Hwang diverted about 4.2 billion won into cryptocurrency investments before repaying the full amount during...
Quick Breakdown UXLINK’s new Ethereum smart contract has passed a full security audit and will soon go live. A 1:1 token swap will be provided for all legally circulated UXLINK holdings across exchanges and on-chain. Compensation plans are planned...
