Utah Man Gets Three Years for $2.9M Fraud Tied to Crypto Cash Scheme – Decrypt
In brief Brian Garry Sewell was sentenced to three years in federal prison on wire fraud and unlicensed money transmitting charges. Prosecutors said he misled...
DeFi
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DeadLock Malware Exploits Polygon Smart Contracts to Hide
A recently-discovered ransomware dubbed “DeadLock” is stealthily exploiting Polygon smart contracts to rotate and distribute proxy addresses, say researchers at cybersecurity firm Group-IB. The company...
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Iran Turns to Crypto Amid Collapsing Economy, Protests
Crypto usage in Iran has spiked amid the country’s mass protests, with a surge of Iranians withdrawing Bitcoin to preserve value amid instability, according to...
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Nexo To Pay $500K Fine Over ‘Risky’ Crypto-Backed Loans
Crypto lending company Nexo Capital will pay a $500,000 to California’s financial regulator over allegations it issued thousands of loans to state residents without properly...
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Kaito Sunsets Yap as X Bans Payments for ‘AI Slop’
The Kaito.ai and Cookie DAO tokens fell over 15% after X’s ban, a move X’s head of product Nikita Bier said should improve user experience...
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Uniswap Goes Live on OKX’s X Layer as Preferred DEX Partner
Uniswap has launched on X Layer, a layer-2 blockchain built by crypto exchange OKX, becoming the chain’s preferred decentralized exchange as OKX expands its decentralized...
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Viral ‘Stranger Things’ AI Videos Raise New Concerns Over Deepfakes – Decrypt
In brief Viral AI videos replace a creator’s face and body with Stranger Things actors, drawing over 14 million views. Researchers says full-body deepfakes remove...
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Short Squeeze Hits Top 500 Cryptos, Traders Unwind Bearish Bets
Cryptocurrency markets staged their largest short squeeze since the selloff in early October, as a rebound in prices forced bearish traders to unwind positions and...
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BofA CEO Warns Interest-Bearing Stablecoins Could Pull $6T from Banks
Bank of America CEO Brian Moynihan warned that interest-bearing stablecoins could pull as much as $6 trillion out of the US banking system, arguing that...
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Democrats Blast SEC Over Crypto Retreat, Justin Sun’s Alleged China Ties – Decrypt
In brief House Democrats skewered the SEC over its handling of crypto cases. The development came as a crypto market structure bill appeared to derail....
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Bitcoin Drops Pace At $97K As Retail Stays Sidelined: Did The Rally End?
Key takeaways: Retail traders remain sidelined despite BTC’s rebound, as low funding rates and muted interest point to fragile investor sentiment. Institutional investors are buying...
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West Virginia Lawmaker Introduces Bill to Allow State Crypto Investments
The legislation would allow the state‘s treasury to hold digital assets with a market capitalization of more than $750 billion, which applied only to Bitcoin...
