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23 Years for $20M Art-Backed Crypto Scam

23 Years for $20M Art-Backed Crypto Scam 1

A Texas resident has received a sentence of 23 years in federal prison for orchestrating a cryptocurrency scam that defrauded investors of over $20 million. The scheme involved the promotion of a digital asset, Meta-1 Coin, which was falsely presented…

Zcash Bug Threatening Millions Patched

Zcash Bug Threatening Millions Patched 9

A recently discovered critical vulnerability within Zcash node software, which could have permitted malicious actors to illicitly extract a substantial amount of ZEC from a legacy shielded pool, has been promptly addressed by the network’s development and mining community. The…

Polymarket Audits Startups for Insider Trading Risks

Polymarket Audits Startups for Insider Trading Risks 11

The prediction market platform Polymarket is reportedly auditing third-party startups that develop “copy-trading” applications. These applications are designed to enable users to replicate the trading activities of other successful traders, who may potentially possess or act upon nonpublic information. This…

Chaos Labs Departs Aave Labs, Shifting Focus

Chaos Labs Departs Aave Labs, Shifting Focus 13

Aave’s primary risk manager, Chaos Labs, has announced its departure from the protocol, signaling a significant shift for the decentralized finance lending giant. This move sparks renewed concerns about risk management and governance within one of crypto’s largest DeFi ecosystems.…

Hong Kong Stablecoin Licenses: March Deadline Missed

Hong Kong Stablecoin Licenses: March Deadline Missed 17

Hong Kong’s much-anticipated stablecoin licensing framework, which was initially slated for first-quarter approvals, has seen its timeline extend, with no revised date provided for the issuance of the inaugural licenses. Authorities are reportedly requiring applicants to provide more granular detail…