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Blockchain analytics firm Elliptic reported that pig butchering scams have evolved into a multibillion-dollar global industry. This type of fraud, which involves grooming victims into sending money for fake crypto investment schemes, utilizes sophisticated methods to launder stolen funds. Scammers frequently consolidate victims' deposits into self-hosted wallets and employ

Aster, a decentralized exchange, has refunded users who incurred losses from unusual price fluctuations of the XPL token. These price movements resulted from a fault linked to a hardcoded index price and a capped mark price, which, when rectified, caused XPL's value to surge. The Aster token subsequently

UK Finance has initiated a pilot project for tokenized sterling deposits (GBTD) in partnership with six major banks, including Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide, and Santander. The aim of this pilot is to create a digital representation of conventional pound sterling deposits, enhancing control over payments, reducing fraud,

Aster has reimbursed traders affected by a glitch in its Plasma (XPL) perpetual market, which temporarily inflated prices to nearly $4, while other markets remained around $1.3. This discrepancy was due to a misconfigured index hard-coded at $1. The glitch caused liquidations and unusual fee charges, resulting in user

Cybersecurity experts emphasize the necessity for cryptocurrency companies to enhance their defenses against North Korean hackers, particularly those infiltrating Web3 businesses. Hiring North Korean developers could expose crypto projects to severe risks, as illustrated by a recent breach costing a major exchange up to $400 million in potential reimbursements. Experts

Moody's latest report highlights the risks that cryptocurrency adoption poses to monetary sovereignty and financial resilience in emerging markets. It emphasizes that increased use of stablecoins, especially those pegged to the U.S. dollar, could weaken the monetary transmission framework, as pricing shifts away from domestic currencies. By

Hong Kong's stablecoin regulatory framework restricts their use for derivatives trading on blockchain networks, according to Sebastian Paredes, CEO of DBS Hong Kong. He noted that recent regulatory requirements would significantly limit stablecoin use in on-chain derivatives. Following the introduction of these new rules on August 1, restrictions