Crypto Trader Murdered in South Korea
A Chinese national was found dead in a luxury hotel in Jeju City, South Korea, in what appears to be the latest case of a crypto-related wrench attack—a growing trend where criminals use violence or coercion to steal digital assets. The victim, identified in Korean media as Mr. E, was discovered on February 24, with […]
Pump.fun X Account Hacked to Promote Fake Governance Token
The official X (formerly Twitter) account of Pump.fun was compromised on February 26, with hackers using the platform to promote a fraudulent governance token called “PUMP” and other scam coins. The breach adds to a growing wave of crypto-related social media hacks, exposing the vulnerabilities in Web3 security and putting users at risk of phishing […]
China Revisits Crypto Laws as Mainland Ban Faces New Scrutiny
The global crypto community is closely watching China as its lawmakers and legal experts re-evaluate how to handle cryptocurrency-related cases—all while maintaining a strict nationwide ban on digital assets. Last week, Beijing hosted a high-profile seminar bringing together some of China’s leading legal and academic minds. The discussions focused not only on reinforcing the crypto […]
Bybit Fights Back: $140M Bounty Targets Lazarus Group Hackers
Bybit, the cryptocurrency exchange that survived a $1.4 billion hack, has launched an aggressive countermeasure to track and eliminate the North Korea-backed Lazarus Group. On Tuesday, February 25, Bybit CEO Ben Zhou announced the launch of Lazarusbounty.com, the first-ever hack bounty site, aimed at exposing the money laundering activities of the sanctioned hacker group. Bybit’s […]
Crypto Wins Big as SEC Drops Coinbase, Robinhood Cases
The U.S. regulatory landscape for digital assets is shifting at unprecedented speed, with political undertones driving the changes. Within weeks of President Donald Trump’s return to office, two of the SEC’s most high-profile crypto cases have been dropped. SEC Remains Silent, But Industry Rejoices While the SEC has yet to issue an official statement, the […]
Lazarus Moves $27M in ETH After Bybit Hack
The Lazarus Group has moved 10,000 Ethereum (ETH)—valued at $27 million—to a wallet labeled Bybit Exploiter 54 on Feb. 22, in an attempt to launder stolen funds, according to on-chain analytics firm Lookonchain. Further on-chain data, analyzed by ZackXBT, reveals that the North Korean-linked hacking group currently controls: Lazarus Rapidly Moving Stolen Funds According to […]
Bybit CEO: Withdrawals Open Despite $1.4B Hack
Following the $1.4 billion security breach that drained Bybit’s ETH-related wallets, CEO Ben Zhou has reassured users that withdrawals remain open despite delays caused by network congestion. In a Feb. 21 livestream, Zhou stated that Bybit currently has around 4,000 pending withdrawal transactions but emphasized that the exchange is actively processing requests. “We don’t have […]
SEC Unveils New Unit to Tackle Crypto and AI Fraud
The U.S. Securities and Exchange Commission (SEC) has launched the Cyber and Emerging Technologies Unit (CETU), a new division focused on combating fraud in cryptocurrency, artificial intelligence, and other digital technologies. CETU replaces the Crypto Assets and Cyber Unit, becoming the agency’s primary digital asset anti-fraud team. The unit will be led by Laura D’Allaird […]
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