Essential credibility reporting and analysis for the digital-asset economy.
Brooklyn prosecutors and the FBI disrupted an Eastern European crypto scam network, seizing 112 servers and closing 241 sites. No arrests were made, but officials say disabling the infrastructure stopped further victimization amid rising US fraud losses.
Bitcoin developer Paul Sztorc alleges that over 80% of Lightning Network payments rely on custodial services, calling the promotion of the technology a "fraud" akin to Theranos.
Ethereum researcher Justin Drake advocates for "bunker mode" to protect assets from potential AI-driven attacks on elliptic curve cryptography. Critics argue that migrating funds offers limited protection if extended public keys are exposed, warning that rushed actions increase scam risks and operational errors.
Trezor cuts reseller count as a precaution after Ledger-linked supply-chain attacks involved hardware implants stealing seedphrases from devices sold by CryptoBilis.
BIS reports digital cash offers cash-like privacy but warns the tech isn't production-ready, noting bank breaches expose local data without revealing all users.
French lawmakers proposed mandating crypto holders to report assets over €100,000, sparking backlash due to fears of increased vulnerability to wrench attacks and kidnappings.
South Korea's FIU approved blocking 27 unregistered crypto exchange websites, including KuCoin and MEXC, expanding enforcement beyond prior mobile app restrictions.
Ledger investigates Southeast Asian fund losses linked to Malaysia-based reseller CryptoBilis, confirming one device contained a hardware implant while investigators estimate $86 million was drained.
Ledger links all confirmed wallet-draining cases to reseller CryptoBilis, stating its direct channels are safe while investigators trace over $86 million in suspected thefts across multiple blockchains.
Rep. Warren Davidson links Western civilization's future to monetary policy, citing $40 trillion in debt and a 30% loss in dollar purchasing power since 2020 as drivers for adopting sound money and real assets.
XRPL developers justified bypassing the standard two-week validator vote to fix a critical integer overflow bug capable of creating unlimited XRP.
Seth for Privacy stated that mixing KYC and non-KYC coins in one transaction links all associated UTXOs to a user's identity.