Investor lost millions in USDT phishing scam On May 26, 2025, a crypto investor fell victim to a series of onchain phishing attacks. Crypto compliance firm Cyvers announced that the victim lost a total of $2.6 million worth of cryptocurrencies. It all started when the user sent 843,000 Tether USDt (USDT) to an address other…
Australian authorities have charged four individuals following an 18-month investigation into a $190 million Australian dollar ($123 million) crypto laundering operation allegedly run through a cash-in-transit security company. The Australian Federal Police said they had frozen about $13.6 million worth of suspected criminal assets across the states of Queensland and New South Wales. The Queensland…
As the broader Ethereum ecosystem and its core principles evolve to address data privacy concerns, a new proposal recommends a modular compliance strategy as a path to reconcile public blockchains with the European Union’s General Data Protection Regulation (GDPR). On June 9, a proposal drafted by Ethereum community member Eugenio Reggianini suggested the use of…
layer-1 blockchain Kaia has pledged to launch a South Korean won-based stablecoin following the Wednesday inauguration of President Lee Jae-myung, a left-leaning politician whose campaign included a series of crypto-friendly promises. Launching a won-based stablecoin is one of the crypto goals laid out during Lee’s campaign that set him apart from other crypto-friendly candidates. The…
Opinion by: Chebet Kipingor, business operations manager at Busha As Kenya pushes forward with a revised 1.5% crypto transaction tax, it risks losing more than revenue — it could forfeit its regional fintech leadership, drive startups across borders, and fracture Africa’s digital economy before it can unify. Parliament is debating implementing the Digital Asset Tax…
Ether-based investment products led inflows among cryptocurrency-based investment products last week, despite an overall slowdown in investor activity as markets await clarity from the US Federal Reserve. Ether (ETH) exchange-traded products (ETPs) received $296 million of inflows last week, marking their best week since the 2024 election of US President Donald Trump, according to a…
The Avalanche blockchain surpassed one million daily transactions twice in the span of a week, which is the first time the network hit this milestone since February 2024. Avalanche transactions topped the mark on June 1 and again on June 7. Total transactions for the week beginning June 2 reached 5.8 million, also the highest…
Rampant electricity theft by illegal miners, inconsistent policies and a lack of legal clarity may deter Malaysia from tapping the potential of cryptocurrency mining, according to an industry report released by the Access Blockchain Association of Malaysia. The report predicts that Malaysia’s crypto mining market will grow 110.2% in 2025 — from $2.44 billion to…
Paris-based cryptocurrency firm The Blockchain Group plans to raise over $340 million worth of capital for its Bitcoin treasury, signaling continued institutional adoption of crypto in Europe. The Blockchain Group, which claims to be Europe’s first Bitcoin (BTC) treasury company, plans to raise 300 million euros, or around $342 million, to fund more BTC purchases,…
Cetus Protocol, a Sui-native decentralized exchange that suffered a huge $220 million exploit in May, says it is now working on going open-source following its recent relaunch. An attacker exploited a pricing mechanism flaw to drain tokens from Cetus’ major liquidity pools on May 22. The protocol managed to freeze $162 million of the stolen…