Security News

Some users of the Polymarket prediction market app are complaining that their wallets were mysteriously drained after they logged in via their Google accounts. After making deposits, users found that their wallets were wiped out, leaving a balance of zero. The attacks have not occurred against users that relied on wallet browser extensions such as […]

A wallet ending in “e57” fell prey to a sophisticated phishing attack on Sept. 27 that left the wallet drained of 12,083 Spark Wrapped Ethereum tokens (spWETH), valued at $32 million. According to security firm CertiK, 10,000 spWETH, valued at approximately $26 million, was initially sent to a wallet beginning with “0x471c.” A portion of […]

FTX creditors will only get 10-25% of their cryptocurrency back, according to newly revised bankruptcy documents shared by FTX creditor Sunil Kavuri. The FTX creditor-activist explained that the creditors would receive reimbursements according to the petition date when cryptocurrency prices were much lower than today. To put this into perspective, the price of Bitcoin was […]

John Deaton, a prominent voice in the cryptocurrency space, has made his position clear in his run for the United States Senate seat in Massachusetts. In an interview with Generation Infinity, Deaton discussed his opposition to a US Federal Reserve-issued central bank digital currency (CBDC) and his broader focus on regulatory clarity and government accountability. “If there’s […]

The Canadian Securities Administrators (CSA) has extended the deadline for crypto trading platforms to conform to regulations regarding stablecoins. This is the second extension of the stablecoin rule enforcement. The restrictions on value-referenced crypto assets (VRCAs) were first introduced in February 2023. They prohibited stablecoins that were not backed by a single fiat currency (such as algorithmic […]

The United States Federal Reserve’s recent decision to cut interest rates for the first time since March 2020 is set to significantly impact the revenue streams of the top five centralized stablecoins, which collectively hold nearly $125 billion in US Treasury bills. According to a report released by index provider CCData on Sept. 27, Treasury bills account […]

The United States Securities and Exchange Commission filed “settled charges” against the Mango decentralized autonomous organization (DAO) and the Blockworks Foundation on Sept. 27, alleging that both entities sold unregistered securities. As part of the settlement agreement, the entities have collectively agreed to pay the SEC $700,000 in civil penalties, destroy their MNGO tokens, petition […]

Multi-asset liquid staking protocol Bedrock confirmed it fell victim to a “security exploit” involving uniBTC, as hackers made off with about $2 million in funds. In a Sept. 27 X post, Bedrock said it was aware of a security exploit involving uniBTC — a synthetic Bitcoin token used in DeFi — that resulted in the loss […]

Two top-level Hong Kong financial regulators have co-announced their intent to adopt reporting requirements set by the European Securities and Markets Authority (ESMA) for crypto over-the-counter (OTC) derivatives. On Sept. 26, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) shared a plan to bring their OTC reporting requirements up to global standards […]

Almost $2 billion in tokens from major projects will be released in October, with 175.75 million Celestia tokens — worth $1.1 billion in current market prices — accounting for a huge chunk of the month’s total unlocks. According to crypto vesting tracker DropsTab, $1.1 billion Celestia tokens will be unlocked on Oct. 31. The tokens […]