Infini Labs $50m Heist: A Textbook Insider Attack Exposed When former lead smart contracts engineer Chen Shanxuann allegedly siphoned off $49.5 million in USDC from Infini Labs, it wasn’t just a heist—it was a stark reminder of the vulnerabilities within decentralized finance (DeFi). The ensuing lawsuit filed in Hong Kong against Chen paints a picture […]
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Gemini Takes the Reins as Custodian for Evolve ETFs’ New Leveraged Crypto ETFs Imagine you’re a retail investor looking to dip your toes into the world of cryptocurrencies without diving headfirst into the wild west of crypto trading. Enter Evolve ETFs’ new leveraged Bitcoin and Ethereum ETFs, LBIT and LETH, which started trading on the […]
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Lazarus Group Shifts $3.76M in Bitcoin, Signals Laundering Efforts The Lazarus Group, a notorious North Korean hacking outfit, has moved approximately $3.76 million in Bitcoin to five unknown wallet addresses. This action follows their recent hack on the Bybit cryptocurrency exchange, which resulted in a staggering $1.4 billion loss. Lazarus Group transferred 44.07 BTC to […]
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Dubai’s Real Estate Revolution: Launching the Tokenization Pilot Dubai has kicked off the pilot phase of its Real Estate Tokenization Project, a bold move to transform the real estate sector using blockchain technology. Led by the Dubai Land Department (DLD), this initiative aims to tokenize property title deeds, boosting liquidity and enabling fractional ownership. This […]
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Cathie Wood Warns Millions of Memecoins Will End Up Worthless Cathie Wood, CEO of ARK Invest, has issued a stern warning to investors about the risks of memecoins, predicting that millions will become worthless. The SEC’s classification of memecoins as non-securities places the onus on investors to be cautious, while major cryptocurrencies like Bitcoin, Ethereum, […]
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Gotbit Founder Aleksey Andryunin’s $23M Crypto Settlement with US Authorities Aleksey Andryunin, the founder of Gotbit, has reached a significant settlement with US authorities, forfeiting $23 million in cryptocurrency assets. This move avoids potential imprisonment and fines, shedding light on the challenges of market manipulation and its impact on retail traders within the crypto ecosystem. […]
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Coinbase Takes the Lead as Largest Ethereum Node Operator with 11.42% of Staked ETH Coinbase has emerged as the largest Ethereum node operator, controlling 11.42% of all staked Ether (ETH), valued at approximately $6.8 billion as of March 3. This development raises questions about centralization, market dynamics, and political influences on the crypto industry. Coinbase: […]
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Bithumb Under Investigation Amid Financial Misconduct Claims South Korean prosecutors raided Bithumb’s headquarters on March 20, 2025, launching an investigation into allegations of financial misconduct. The probe zeroes in on a 3 billion KRW ($2 million) security deposit used to secure an apartment rental for former CEO Kim Dae-sik. This latest scandal is a stark […]
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Uniswap Community Votes to Launch Bold New Era, Redefining DeFi The Uniswap community has overwhelmingly approved two governance proposals under the “Uniswap Unleashed” framework, setting the stage for a transformative expansion of the decentralized exchange’s ecosystem. With significant funding allocated and new technologies like Unichain and Uniswap v4 on the horizon, Uniswap aims to solidify […]
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MiCA Won’t Shape the Future of RWA Tokenization: A Closer Look The European Union’s Markets in Crypto-Assets Regulation (MiCA) has been hailed as a major step forward in the world of digital asset regulation. Yet, according to Elisenda Fabrega, General Counsel at Brickken, MiCA isn’t poised to be the game-changer for the tokenization of real-world […]
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