Blockchain sleuths ZachXBT and Taylor Monahan say crypto scammers have been emboldened with US regulators dropping crypto-related court cases and politicians endorsing memecoins.
Stephen Katte
Stephen Katte is an Australian freelance journalist having worked at media companies including Fairfax Media and Nine. He is also the author behind Vanguard, a post-apocalyptic science fiction novel.
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Politicians’ memecoins, dropped court cases fuel crypto ‘crime supercycle’ - News
Bitcoin sentiment at ‘peak FUD’ with divide between bears and bulls — Santiment Santiment’s social media analysis found 1 bullish comment for every 1 bearish comment, which hasn’t happened since Donald Trump’s tariffs tanked markets in April.
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Pacific nation Nauru passes law to establish a crypto regulator The brother of former FTX CEO Sam Bankman-Fried once plotted to buy Nauru and build a doomsday bunker using funds from the now-defunct crypto exchange.
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Iran orders crypto exchange curfew after $100M Nobitex hack Chainalysis’s head of national security intelligence told Cointelegraph the curfew is likely an attempt to prevent people from transferring capital out of the country.
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Archetyp dark web market shut down, but ecosystem adapts: TRM Labs The Archetyp dark web market had over 600,000 users, a total transaction volume of at least $287 million and over 17,000 listings, mainly offering drugs for sale.
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Meta Pool hit with $27M exploit, but attacker flees with only $132K Meta Pool says an early detection system discovered the exploit, allowing it to pause the affected smart contract and prevent further losses.
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Optimism targets decentralization with ‘season 8’ governance revamp A new approval process, where most Optimism proposals will auto-pass unless a stakeholder vetoes, will come into force on Aug. 1 to reduce the burden on contributors.
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Paradigm urges jury clarity in Roman Storm’s Tornado Cash case Paradigm’s chief legal officer and general counsel said if Roman Storm is found guilty, it could slow future software development in the crypto and fintech industries.
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Crypto user loses $6.9M to a cold wallet from China’s TikTok SlowMist’s chief information security officer said it’s important not to “gamble your entire fortune on a wallet that’s a few hundred bucks cheaper.”
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TikTok crypto trader freed after kidnappers realized he’s broke The crypto trader was reportedly forced into a stolen vehicle by four assailants as part of a 50,000 euro kidnapping plot.
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Huione darknet humming at ‘full capacity’ despite shutdown Despite repeated attempts to stamp out the crypto-crime-linked Huione, Chainalysis says there’s been no meaningful decline in transactions.
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Czech government hit with no-confidence vote over $45M Bitcoin scandal Czech Justice Minister Pavel Blazek resigned last month after the Justice Ministry auctioned off nearly 500 Bitcoin it received from a convicted online drug trafficker.
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Australia bans financial adviser for 10 years for $9.6M crypto scam Australia’s financial regulator alleges Glenda Maree Rogan told clients they were investing in a high-yield fixed-interest account but sent their funds to a crypto exchange listed as a scam.
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DeFi Development to refile $1B Solana plan after SEC filing snag Formerly only a real estate financing company, DeFi Development Corp started buying Solana to become a Solana treasury company as well, currently holding over 609,000 tokens.
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French police make more arrests in crypto kidnapping case The father of an unnamed crypto entrepreneur was held captive at a property for several days until a May 3 police raid liberated him.
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Disney, Universal sue Midjourney — ‘bottomless pit of plagiarism’ Disney said it filed the complaint after its request to Midjourney to adopt anti-copyright infringement measures was ignored.
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Librarian Ghouls hacker group targeting Russians to mine crypto Cybersecurity firm Kaspersky says the Librarian Ghouls may be hacktivists, based on their reliance on legitimate, third-party utilities, a technique commonly associated with similar groups.
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Fortune 500’s interest in stablecoins triples from last year: Coinbase Nearly 30% of the 100 executives at a Fortune 500 firm said their company has plans or is interested in stablecoins, up from 8% who said the same last year.
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Crypto social media sees rising interest in AI taking jobs: Santiment Other narratives of interest on social media included the accumulation of crypto by whales like millionaire crypto trader James Wynn, Solana, Loud Token and various memecoins.
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Amazon doubles down on AI with $20B Pennsylvania investment Amazon made similar commitments in North Carolina, with $10 billion earmarked to expand its data center infrastructure in the US State.
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SEC eyes exemption framework to boost crypto innovation Securities and Exchange Commission chair Paul Atkins also bashed the previous administration under former SEC Chair Gary Gensler and its approach to crypto.
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Metaplanet shares jump after $5.4B plan to buy Bitcoin Metaplanet hopes to buy 210,000 Bitcoin by the end of 2027, which would make it the second-largest holder of Bitcoin among public companies.
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Sui DEX restarts, plots open-source move after massive exploit Affected Cetus liquidity pools were replenished using a combination of recovered funds, cash reserves, and a $30 million USDC loan.
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Crypto users fail ‘basic situational awareness’ at events, says Kraken Kraken’s security team says that at crypto conferences, it’s seen unlocked laptops, phones left unattended and public discussions about personal wealth.
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Uber in ‘study phase’ of using stablecoins to lower costs, says CEO Uber CEO Dara Khosrowshahi says the ride-sharing giant is looking at whether stablecoins can help it cut costs when moving money around the world.
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US wants $7.7M in crypto laundered in North Korea IT worker plot The Justice Department has filed a civil forfeiture complaint to seize crypto and NFTs allegedly tied to laundering efforts by North Korea.
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California advances bill on unclaimed crypto and merchant payments The bill has seen contention online, but Satoshi Action Fund’s Eric Peterson says it updates the state’s unclaimed property laws so crypto doesn’t get liquidated.
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Ukraine arrests man for breaching hosting accounts to mine crypto Ukrainian police claimed the man’s actions caused a server hosting company to suffer losses estimated at over $4.4 million.
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Stablecoin giant Circle again boosts IPO, this time to $1.05 billion USDC issuer Circle has upsized its initial public offering again, selling 34 million shares at $31 each.
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SEC to shape crypto policy with ‘notice and comment,’ says Atkins Securities and Exchange Commission chair Paul Atkins told a Senate subcommittee that his approach to crypto “will be done through notice and comment rulemaking, not through regulation by enforcement.”