SEC Declares Protocol Staking Non-Security
The US SEC clarifies that protocol staking on PoS networks is not a securities offering, impacting staking activities’ classification as administrative rather than entrepreneurial. #Update #Legal (+3) →
Crypto Security
Articles focusing on security measures, security breaches, preventive technologies, and best practices for safeguarding crypto assets.
Crypto Hack Forces Cork Protocol Shutdown
@CorkProtocol halted operations after a $12 million hack exploiting wstETH:weETH market vulnerabilities, traced but not laundered. Investigations continue with Cyvers and SlowMist’s involvement. #Breaking #Crypto $wstETH (-9) ↘
Crypto Scam: Bangkok Captures Madam Ngo
Vietnamese national Ngo Thi Theu, “Madame Ngo,” arrested in Bangkok for a $300M crypto scam involving 2,600 investors, awaits extradition. #Breaking #Legal (+8) ↗
Crypto Theft Arrest Shakes Georgia
Georgian authorities detained Giorgi Bachiashvili for embezzling $39.2M in crypto, ordered to repay 9,000 BTC; highlights crypto security risks #Breaking #Legal $BTC (-8) ↘
Sui Unveils Cetus Hack Cause Boosts Security
@SuiNetwork’s post-mortem reveals a $260M Cetus hack due to a protocol math bug, not Sui or Move vulnerabilities, prompting a $10M security boost. #Breaking #Crypto $SUI (-8) ↘
Crypto Fuels Cambodia’s $19B Scam Empire
Cambodian officials profit from a $19B crypto scam industry, with Huione processing $24B via Telegram; UN warns of Cambodia as a global fraud hub. #Breaking #Legal #Crypto (-9) ↘
US Court Clears Mango Markets Hacker
A U.S. court overturned fraud charges against Avraham Eisenberg, accused of exploiting @MangoMarkets’ smart contract vulnerabilities, citing insufficient evidence for jurisdiction and fraud claims. #Breaking #Legal @MangoMarkets (+8) ↗
Bitcoin Burger Tax Risks Alert
Steak ‘n Shake now accepts $BTC for payments, but crypto purchases like burgers are taxable events per IRS guidelines. #Update #Crypto $BTC (-3) ↘
Bitcoin Surges Amid Coinbase Hack Bounty
Bitcoin hit a new all-time high, but Myriad users doubt it will surpass $115K by Sunday. Coinbase’s $20M hack bounty remains unpaid. “Mission: Impossible” opening weekend forecast falls short. #Update #Crypto $BTC (+3) ↗
Biometric Security Challenged Coinbase Suit
A class-action lawsuit against @Coinbase highlights concerns over biometric data security, with Nanak Nihal Khalsa emphasizing risks of immutable identifiers. #Update #Legal (+3) ↘
Blockchain: Avalanche Game Expands to Steam
@playoffthegrid migrates players to GUNZ mainnet, enabling NFT trades with items selling for thousands; expansion to Steam raises crypto feature questions. #Update #Gaming $GUNZ (+4) ↗
Crypto Turmoil: Coinbase Hack Fallout
Coinbase’s data breach affected 69,461 users, revealing personal details over a 136-day period before discovery; COIN stock remains strong amid Bitcoin highs. #Update #Security $COIN (-6) ↘
Crypto Payments Revolution Bybit Pay Launch
@Bybit launches Bybit Pay, a global crypto payment system supporting 15 cryptocurrencies, with a 100,000 USDT prize pool for its Send & Earn campaign. #Update #Crypto $BTC (+6) ↗
Stablecoin Shakeup: USDC Risks Amid Bank Venture
Major Wall Street banks, including @WellsFargo and @JPMorgan, explore a stablecoin initiative as the GENIUS Act progresses; $USDC faces challenges with its dollar peg slipping to $0.9987. #Update #Crypto $USDC (-4) ↘