XRP Ledger Defends Emergency Patch for Unlimited XRP Bug
Summary: XRPL developers justified bypassing the standard two-week validator vote to fix a critical integer overflow bug capable of creating unlimited XRP.
Credibility
Cake Wallet COO Warns Single Transaction Can Compromise Bitcoin Privacy
Summary: Seth for Privacy stated that mixing KYC and non-KYC coins in one transaction links all associated UTXOs to a user's identity.
Ledger Investigates $86M Losses Linked to CryptoBilis Reseller in Southeast Asia
Summary: Hardware wallet maker Ledger is investigating user fund losses traced to a reseller, with blockchain investigator Specter reporting over $86 million stolen.
Empire Market Co-Creator Gets 40 Years for $430M Dark Web Bazaar
Summary: Raheim Hamilton, co-creator of the Empire Market darknet marketplace, was sentenced to 40 years in federal prison and fined $5 million.
Uranium Finance Hacker Convicted for $50M Theft Spent on Collectibles
Summary: A Manhattan jury convicted Jonathan Spalletta of computer fraud and money laundering for stealing over $50 million from Uranium Finance in 2021.
Ex-Engineer Sentenced to 32 Months for Bitcoin Extortion of Employer
Summary: Former core infrastructure engineer Daniel Rhyne received a 32-month prison sentence for attacking his New Jersey employer's network and demanding a 20 BTC ransom.
Tavus AI Griffin Convinces 48% of Video Callers It Is Human
Summary: Tavus reports its new Griffin-Lite model convinced 48% of participants during one-minute video calls that they were speaking with a real person.
Bitget CEO Says Recovery Unlikely After $388M Hack
Summary: Bitget CEO Gracy Chen stated recovery of the $388 million stolen is unlikely, noting only $1.1 million has been frozen so far.
Lagarde Warns AI Risks to Financial Stability
Summary: European Central Bank President Christine Lagarde highlighted systemic risks from artificial intelligence adoption in finance, citing concerns over market misalignment, cyber vulnerabilities, and geopolitical dependencies on frontier models.
FBI Warns Staff to Assume ShinyHunters Stole Personal Data
Summary: An internal FBI memo instructs employees to assume the hacker group ShinyHunters stole personal data on every staffer following a breach of FBIjobs.gov.
SlowMist Links Bitget $388M Hack to Aug. 31 Zero-Day Exploit
Summary: Security firm SlowMist identified an August 31 zero-day exploit in a third-party product as the initial vector for the recent $388 million theft from Bitget.
Cointelegraph Compares Hardware Wallets; Coldcard Flaw Linked to $114.7M Theft
Summary: Cointelegraph evaluated major hardware wallets, noting a Ledger Stax lag issue and linking a Coinkite firmware flaw to the theft of about 1,789 BTC worth $114.7 million.
Bitget Users Withdraw Over 4,000 BTC in One Hour After $388M Hack
Summary: Following a $388 million hack attributed to North Korean actors, Bitget resumed withdrawals, resulting in over 4,000 Bitcoin being moved by users within the first hour.
ECB puts AI agent payments on the digital euro drawing board
Summary: The European Central Bank is seeking fintechs, payment firms and other organizations to explore the use of AI agents in digital euro payments.
NEAR Intents Blocks $50M in Bitget Hack Transfers
Summary: NEAR Intents blocked over $50 million in attempted transfers linked to the recent $387.5 million Bitget hack, freezing $503,000 during execution.
Brooklyn Man Sentenced to 12 Years for $16M Coinbase Phishing Scheme
Summary: Ronald Spektor received a 12-year prison sentence after pleading guilty to stealing $16 million from Coinbase users through social engineering and money laundering.
China's Xi urges U.S. to cooperate on AI
Summary: BEIJING — Chinese President Xi Jinping told U.S. President Donald Trump that there is more opportunity for cooperation than competition on artificial intelligence. That's according to a state media readout…
Scammers Steal $2M in ETH via Fake GIWA Network Bridge
Summary: Fraudsters drained approximately $2 million in Ether through a fake bridge for the unlaunched GIWA network, which decentralized exchange DYORSWAP initially mistook for the mainnet.
Bitget CEO: $388M Hack Exploited Third-Party Security Vulnerability
Summary: Bitget CEO Gracy Chen attributed the exchange's recent $388 million loss to a third-party security product vulnerability that granted attackers high-level internal credentials.
Brooklyn Man Sentenced to Up to 12 Years for $16M Coinbase Scam
Summary: Ronald Spektor received a four-to-12-year prison sentence after pleading guilty to stealing nearly $16 million from Coinbase users through social engineering.