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Paraguay president’s X account appears compromised with claim country makes Bitcoin legal tender
President Santiago Peña's social media post also linked to a Bitcoin address and encouraged citizens to "invest."
Coinbase Alum-Founded Turnkey Raises $30M Series B to Grow Engineering Team: Report
The funding round was led by Bain Capital Crypto and included contributions from Lightspped Faction and Galaxy Ventures
The Daily: Coinbase’s wrapped XRP and DOGE land on Base, bitcoin bulls target $125K in June while bears warn of fading momentum, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Singapore court declines WazirX’s restructuring plan after last year’s $230 million exploit
The crypto exchange said the Singapore High Court declined its proposed restructuring plan following a $230 million e…
WazirX relocates to Panama after Singapore court blocks restructuring efforts
Crypto exchange WazirX suffered a major legal blow after the Singapore High Court rejected its restructuring proposal…
DeSci health startup CUDIS to launch native token on Solana
The token furthers CUDIS's approach to decentralized health by giving users a say in governance decisions and access …
Standard Chartered-Backed Zodia Custody Starts Safekeeping Tokenized Emeralds
Zodia Custody is looking after tokenized emeralds through a partnership with Swiss fintech firm GEMx.
Coinbase delayed revealing data breach that may cost up to $400M, drops third-party vendor
Secret knowledge, sudden split: the crypto exchange faces mounting legal and regulatory heat for a four-month silence…
Stablecoin Protocol USDT0 Aims to Bring Tokenized Gold Closer to DeFi
The gold-linked XAUT0 token follows the protocol's Tether-linked USDT0 that has grown to $1.3 billion in supply and a…
$302 Million Lost to Crypto Scams, Hacks, and Exploits in May: CertiK
The largest attack was the $225 million exploit of the Cetus Protocol.
The Daily: Metaplanet ramps up bitcoin buys as Strategy slows down, global Ethereum funds see best inflow run since 2024, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
DeFi hacks accounted for most of May’s $302 million crypto losses: Certik
The largest crypto loss in May came from Cetus Protocol, which lost an about $225 million, although the protocol reco…
Hackers drain over $3 million in crypto from Nervos Network’s Force cross-chain bridge, say security analysts
Force, a cross-chain bridge on Nervos Network, has lost about $3 million in ETH, stablecoins, and wrapped BTC in an a…
ZachXBT flags suspicious $11.5M outflows from BitoPro exchange’s hot wallets, says it was ‘likely exploited’
ZachXBT said there were suspicious outflows from hot wallets on multiple networks including Tron, Ethereum, Solana an…
Sui community approves release of $162M in tokens frozen during Cetus hack
Validators representing nearly 91% of Sui stake approved an on-chain proposal to release about $162 million seized du…
Sui community passes governance vote to recover stolen Cetus funds blocked by validators in $223M heist
Cetus eyes full protocol resumption in a week after a Sui community proposal to return frozen funds passed with 90% b…
Tokenization Platform BPX Exchange Lands on UK Crypto Register
The Financial Conduct Authority has accepted only 52 companies on its crypto register since 2020.
Metalayer Ventures, founded by former Chainlink and Two Sigma execs, launches $25 million fund targeting early stage investments
The team plans to invest upwards of $500,000 in around 30 early-stage startups involved in tokenization, stablecoins,…
New Jersey's Bergen County to Tokenize $240B in Real Estate Deeds on Avalanche Network
The wealthy New York City suburb will migrate 370,000 property deeds — representing about $240 billion worth of rea…
DeFi Platform Cork Protocol Suffers $12M Smart Contract Exploit
Cork Protocol has paused all markets as a precaution.
Sui Network Steps in to Compensate Cetus Losses in Full After $223M Exploit
The Sui Foundation has extended a loan to Cetus to fully reimburse affected users, with repayment contingent on an up…
Cetus seeks Sui community nod to unlock $162M to make users whole
Sui-based protocol Cetus said on May 27 that it can reimburse every user affected by its May 22 exploit if Sui token …
Solana’s Raj Gokal doxxed via Migos’ Instagram account after failed 40 BTC extortion bid
Hackers took over rap group Migos’ Instagram account to post Solana co-founder Raj Gokal’s stolen personal inform…
Prometheum Eyes U.S. Tokenization Boom With Acquisition and Fully Regulated Stack
The firm has acquired a broker-dealer and launched a SEC-registered digital transfer agent as competition heats up in…
Sui DEX Cetus says overlooked flaw in open-source library used by smart contract led to $223 million exploit
Cetus plans to bolster security through rigorous testing, expanded audits, and a strengthened bug bounty program.
Bitget launches ‘stable’ asset that generates yield from low-risk RWAs
The company's new digital asset, called BGUSD, offers a minimum annualized yield of 4%, Bitget said in a statement.
Solana co-founder’s personal ID leaked on Hiphop group Migos’ Instagram page in apparent data breach
One Instagram post explicitly claimed Gokal 'should have' paid 40 BTC, suggesting a potential blackmail attempt.
The Daily: Coinbase sued over stock price drop, Alpaca Finance to sunset all products, Lagrange plans an airdrop, and more
Strategy also purchased $427 million worth of bitcoin, and crypto investment products saw inflows of $3.3 billion las…
Dubai Unveils Real Estate Tokenization Platform on XRP Ledger Amid $16B Initiative
The new platform lets investors buy fractional ownership in Dubai property, with title deeds tokenized on the XRP Led…
Lagrange Labs plans airdrop for new LA token after launching independent foundation
The LA token will be used to pay for proof generation fees, staking, and to help subsidize the cost of running a prov…