Volo DeFi Hack Drains $3.5M as Protocol Freezes Stolen Funds
The most recent event in a string of attacks against DeFi platforms is the disclosure by the decentralized finance (DeFi) protocol Volo of a security compromise that led to the…
Justin Sun Sues Trump-Backed WLFI Over Token Freeze Dispute
Justin Sun, founder of Tron, claims that he took World Liberty Financial to court when they threatened to freeze and destroy his tokens without giving him a reason. World Liberty…
Newly Appointed Bank of Korea Governor Backs CBDC Push
Central bank digital currencies (CBDCs) and tokenized deposits were endorsed by the newly appointed governor of the Bank of Korea, Hyun-Song Shin, in his first public speech. The second phase…
Philippines SEC Flags dYdX and 6 Crypto Platforms in Investor Warning
A public investor alert warning has been issued by the Philippine Securities and Exchange Commission (SEC) to caution Filipinos against investing in dYdX and six other cryptocurrency trading platforms. The…
Crypto Scam Targets Ships Near Hormuz Strait
Shipping firms have allegedly received communications from scammers claiming to be from the Iranian government, requesting payment in crypto to ensure the safe passage of their vessels that are stuck…
BIS Warns Stablecoins Pose Risks to Financial Stability, Urges Regulation
Pablo Hernández de Cos, general manager of the Bank for International Settlements (BIS), issued a warning on Monday that tokens denominated in US dollars could have “material consequences” for financial…
Bitcoin Holds $75K Amid Market Tension and Short Squeeze Risk
After a brief surge to its highest position since early February on Friday, the cryptocurrency market is trading back into familiar ground. The price of Bitcoin is just over $75,000…
EU Pushes for Euro Stablecoins as France Signals Policy Shift
Reuters reports that French Finance Minister Roland Lescure said on Friday that the European Union (EU) needs more stablecoins issued in euros and that banks around the EU should look…
Kraken’s Parent Firm Payward All Set to Acquire Bitnomial for $550M
The parent company of Kraken, Payward, has entered into an agreement to purchase Bitnomial, a platform for digital asset derivatives, for up to $550 million. The deal, which includes both…
US Government Moves $606K in Bitcoin Linked to Bitfinex Hack
With the transfer of around $606,000 in bitcoin to Coinbase Prime, the United States government has resumed its blockchain activity. Data monitored by Arkham indicates that the 8 BTC that…