Bad actors are using aged YouTube accounts to give authenticity to advertisements of a crypto trading bot that conceals a smart contract designed to drain crypto, says cybersecurity firm SentinelLABS.
The scam is “widespread and ongoing” since at least 2024 and spread through YouTube videos

The co-founders of the defunct crypto mining service HashFlare asked a US judge to spare them additional prison time after admitting to wire fraud, but prosecutors say they deserve a decade in prison for orchestrating a $577 million Ponzi scheme.
In a sentencing memo submitted on Wednesday to

The banking arm of South Korean IT giant Kakao Corporation is reportedly ramping up plans to offer stablecoin services amid a regulatory shift in the country after the election of pro-crypto president Lee Jae-myung.
KakaoBanks’ chief financial officer Kwon Tae-hoon said during the company’s first-h

The number of crypto professionals receiving salaries in digital assets has tripled over the past year, with 9.6% now paid in stablecoins, according to a report by venture capital company Pantera Capital.
Based on over 1,600 responses from crypto professionals across 77 countries, the report

The US government can still retry Tornado Cash developer Roman Storm on counts of money laundering and violating sanctions due to a hung jury, according to attorneys.
“The Department of Justice (DOJ) will decide in the coming days if it wants to retry those charges in a new trial,” Jake

Laser Digital, the digital asset subsidiary of Japan’s investment bank Nomura, has become the first company licensed under Dubai’s Virtual Asset Regulatory Authority (VARA) pilot framework to offer regulated over-the-counter (OTC) crypto options.
The “limited license” will allow Laser Digital to o

A Manhattan jury found Tornado Cash co-founder and developer Roman Storm guilty of charges related to conspiracy to run an unlicensed money business.
In a Wednesday decision in the US District Court for the Southern District of New York (SDNY), Storm was found guilty of one felony charge related to

After four days of deliberations, jurors in the Roman Storm trial told the court they remain deadlocked on some charges, prompting the use of an Allen charge to encourage further discussion.
An Allen charge, sometimes called a “dynamite charge,” is a special instruction a judge gives to a deadlocke

Transactions on the Ethereum network have reached a one-year high as the US Securities and Exchange Commission issues new guidance on staking.
This comes amid historical highs in Ether staked on the network; according to Dune Analytics, over 36 million Ether (ETH) is now staked on Ethereum,

Key points:
Bitcoin corporate treasuries such as Strategy’s are predicted to drain OTC desks and then exchanges.
The resulting supply imbalance will “uncork” BTC price action.
In the meantime, profit-taking is still a major priority for existing hodlers.
Bitcoin (BTC) demand from

Japanese financial giant SBI Holdings has unveiled plans to launch the country’s first dual-asset cryptocurrency exchange-traded fund (ETF), offering exposure to both Bitcoin and XRP.
In its earnings report on Thursday, the company outlined a plan for two crypto-based ETF

The United Kingdom’s financial regulator has lifted a ban on crypto exchange-traded notes (cETNs) for retail investors in a move welcomed by industry leaders as a step toward aligning the country with global crypto markets and strengthening its position as a digital asset hub.
On

China has issued a warning over the growing use of biometric data by crypto-linked projects, cautioning that iris-scanning schemes operating under the guise of digital asset distribution may threaten personal privacy and even national security.
In a public security bulletin published Wednesday, Chi