Elliptic Unveils Crime-Tracking Tool as Stablecoins Enter the Mainstream
Elliptic launched a Stablecoin Issuer Due Diligence product designed for banks and compliance teams. The tool tracks stablecoin flows across blockchains, aiding institutions in monitoring addresses tied to Tether and Circle to mitigate money-laundering risks.
WLFI thwarts hacking via on-chain blacklisting
World Liberty Financial’s WLFI token project reports successful prevention of multiple theft attempts through on-chain blacklisting. The team flagged and froze addresses linked to phishing and compromised keys. The measure has safeguarded over $50 million in user funds this week, reinforcing trust in token governance.
Crypto Hackers Now Use Ethereum Smart Contracts to Conceal Malware
Malicious NPM packages exploit Ethereum smart contracts to hide second-stage payload URLs, evading traditional security checks. ReversingLabs uncovered two affected packages posing as simple utilities. Developers warned of rising supply chain risks in crypto tooling.
Venus Protocol Restores Services, Recovers Stolen Funds After $27M Exploit
Venus Protocol on BNB Chain fully restored withdrawals and liquidations after a malicious contract update drained an estimated $27 million. Security teams verified front-end integrity and confirmed recovery of all siphoned funds. Native token XVS remained down around 2.69% despite assurances of fund safety.
Holders of Trump’s Crypto Token Targeted by Hackers in Phishing Exploit
Attackers exploited EIP-7702 phishing vulnerabilities after Ethereum’s Pectra upgrade to drain WLFI tokens, deploying malicious delegate contracts that redirected user deposits to hacker addresses, while victims reported limited recovery options and pervasive phishing links.
ETH Transactions Hit Year High as $2.7B BTC Whale Meltdown Sparks Crash
August chart data show 1.8 million daily Ethereum transactions—the highest in a year—and $2.7 billion in bitcoin sold by a single whale causing a flash crash. DeFi exploits netted $53 million, while crypto ATMs face increased regulation across 13 US states.
Has El Salvador Made Its Bitcoin Holdings Quantum-Proof?
El Salvador has moved its entire national bitcoin reserve out of a single address into multiple wallets capped at 500 BTC to reduce exposure and prepare for future quantum threats. The change aligns with industry best practices but offers limited immediate quantum protection.
US and Dutch Authorities Take Down Crypto-Fueled Fake ID Marketplace
Law enforcement agencies in the US and the Netherlands have dismantled an online marketplace facilitating the sale of forged identification documents in exchange for cryptocurrency. Investigators seized servers, arrested key operators and traced transactions to multiple jurisdictions. Authorities warn such platforms exploit crypto’s pseudonymity and vow to expand cooperation.
El Salvador Redistributes Bitcoin Reserves into 14 Wallets
El Salvador has moved its 6,274 BTC reserve from a single address into 14 new wallets to mitigate quantum-computing security risks. Each new address will hold ~500 BTC and sync with a public dashboard for transparency. Experts note the measure as a precautionary safeguard against future cryptographic threats.
Indian Court Sentences 14 to Life in Bitcoin Extortion Case
An anti-corruption court in Ahmedabad convicted 14 individuals, including 11 police officers and a former legislator, for the 2018 kidnapping and extortion of a businessman to seize over 750 BTC. The judgment held that officers used unlawful detention, assault and ransom demands to force the victim to hand over crypto and cash. Confiscation orders were issued for recovered assets and ongoing investigations were launched.
Strategy Bitcoin Lawsuit Dismissed as Investors Withdraw Claims
Investors have voluntarily dropped a class action lawsuit against corporate Bitcoin treasury firm Strategy, ending allegations of misleading profit projections. The dismissal with prejudice prevents refiling and clears Strategy’s $68.5 billion BTC holdings of legal risk.
Binance Restores All Futures Trading After Brief Suspension
Binance confirmed full restoration of futures trading on Aug 29 after resolving an issue affecting its Unified Margin engine. The service resumed at 07:10 UTC, resuming settlement of contracts in USDC and USDT with normal margin calculations and order execution capabilities.
Binance Futures Trading Temporarily Unavailable After System Issue
Binance halted all futures trading on Aug 29 due to a technical issue within the Unified Margin service, blocking opening, closing, and modification of positions settled in USDC and USDT. Engineers opened an incident review and engaged technical teams to diagnose and resolve root cause.
Apple patches zero-click exploit threatening crypto users
Apple has released an urgent security update to fix a zero-click vulnerability that allowed attackers to compromise devices without user interaction. The flaw posed a risk of remote code execution and potential theft of stored cryptocurrency and wallet credentials.
Coinbase tightens workforce security after North Korea remote-worker threats
Coinbase is enforcing stricter security measures following threats by North Korean hackers exploiting its remote-work policy to infiltrate sensitive systems. New protocols include in-person training, US citizenship requirements, and fingerprint verification for staff with high-level access.
Interpol coordinates crackdown on illegal Angola-based crypto miners
Interpol has coordinated with Angolan authorities to dismantle 25 illicit cryptocurrency mining centers and arrest over 1,200 suspects in a pan-African cybercrime operation. Equipment worth more than $37 million was seized and earmarked for redistribution to vulnerable communities.
Iran crypto flows fall 11% on Israel conflict, Nobitex hack: TRM Labs
Blockchain analytics firm TRM Labs reports that Iranian crypto trading platform inflows dropped 11% year-on-year through July, driven by a breakdown in nuclear negotiations, armed conflict with Israel, and a $90 million Nobitex hack. Tether’s largest freeze of Iranian addresses also contributed to the downturn, as users shifted to alternative stablecoins.
Apple Patches Zero-Click Vulnerability Threatening Crypto Wallets
Apple released emergency patches for iOS, iPadOS and macOS addressing a zero-click Image I/O flaw (CVE-2025-43300) exploited in targeted attacks. The vulnerability allowed arbitrary code execution without user interaction, posing severe risks for cryptocurrency holders.
Apple Patches Zero-Click Vulnerability Threatening Crypto Wallets
Apple released emergency patches for iOS, iPadOS and macOS addressing a zero-click Image I/O flaw (CVE-2025-43300) exploited in targeted attacks. The vulnerability allowed arbitrary code execution without user interaction, posing severe risks for cryptocurrency holders.
Crypto Wallet Labeled ‘Coinbase Hacker’ Buys Solana Worth $8M
An address linked to the 2025 Coinbase breach used DAI to purchase $7.95 million in SOL via bridging through USDC. The wallet previously sold $69 million in ETH and has acquired over $105 million in ether. Blockchain analytics tracked the transactions.
Interpol coordinates crackdown on illegal Angola-based crypto miners
Interpol announced a coordinated operation targeting unauthorized cryptocurrency mining operations in Angola, resulting in multiple seizures of mining hardware and electric infrastructure following the country’s 2024 mining ban.
South Korean Man Arrested in $50 Million Crypto Scam
A South Korean national was detained in Bangkok for laundering over $50 million in Tether via gold bars amid a call-center fraud scheme. Thai authorities cite initial small payouts to build trust before imposing withdrawal limits.
SEC Account Hack Renews Spotlight on X Security Concerns
A breach of the SEC’s official X account prompted unauthorized posts claiming crypto ETFs had been approved. The hack underscores ongoing platform vulnerabilities since X’s management overhaul, raising questions about regulatory communication risks.
Taiwan Indicts 14 in $72M Cryptocurrency Laundering Scheme
Taiwanese prosecutors charged 14 individuals for orchestrating the nation’s largest cryptocurrency money laundering scheme, involving more than $71.9 million defrauded from over 1,500 victims and seeking seizure of USDT, Bitcoin and other assets.
Bitcoiner Loses $91M in Single Social Engineering Heist
A crypto investor fell victim to a social engineering attack that drained 783 BTC valued at $91 million. Impostors posing as exchange and hardware wallet support convinced the victim to reveal private keys, after which the funds were laundered through a Wasabi Wallet.
Australia Regulator Takedown Hits 14K Online Scams, 21% Involving Crypto
Australia’s markets regulator has removed 14,000 online scams since July 2023, with over 3,000 targeting cryptocurrency investors. The campaign uses takedown powers and third-party cybercrime detection to disrupt phishing sites and fraudulent ads, and will expand to include social media channels.
EminiFX Founder Ordered to Repay $228M in Ponzi Scheme Ruling
A U.S. court ordered Eddy Alexandre, founder of trading platform EminiFX, to return $228 million after ruling that the scheme operated as a Ponzi fraud. The judgment covers principal plus interest and reflects penalties for misleading thousands of investors. The decision follows government claims of false performance guarantees.
Crypto Sector Launches Beacon Network to Combat Money Laundering
An industry coalition led by TRM Labs has launched the Beacon Network, a real-time intelligence sharing system integrating law enforcement and major exchanges. Beacon aims to preempt illicit transactions by issuing automated alerts. The network supports enhanced AML controls.
Kraken Halts Monero Deposits After 51% Network Attack
Kraken has temporarily paused Monero deposits after the Qubic mining pool gained majority control of the network’s hashing power and reorganized six blocks. Trading and withdrawals remain unaffected, and deposits will resume once security is restored.
Kraken pauses Monero deposits following 51% attack
Crypto exchange Kraken temporarily halted Monero deposits after a single mining pool gained majority network hashing power in a 51% attack, raising risk of double-spend and ledger reordering. Withdrawals and trading remain active and deposits will resume once network security is restored.
Crypto hackers capitalize on ETH surge, offloading $72M this week
Three high-profile exploiters sold stolen ETH amid Ether’s rally to $4,780, securing tens of millions in extra gains. The Radiant Capital hacker realised $48.3M, the Infini attacker $25.15M and a THORChain-related exploiter $9.76M. H1 2025 saw $3.1B lost to hacks.
ICP Rallies to $6.08 Then Falls Amid Security Concerns
ICP spiked from $5.84 to $6.08 before reversing, experiencing a 5% range swing amid security issues. A breach at Odin.fun raised authentication questions, while consolidation between $5.87 and $5.92 highlighted cautious market sentiment.
Coinbase Corporate Wallet Drained for $300K by MEV Exploit
A misconfigured approval to 0x’s swapper contract allowed MEV bots to drain $300,000 from a Coinbase corporate wallet within seconds. No customer funds were affected, and the incident was isolated to a permissions error confirmed by the exchange’s chief security officer. The exploit highlights ongoing risks from automated on-chain bots.
Binance Joins T3 FCU with Tron, Tether, TRM Labs
Binance has joined the T3 Financial Crime Unit alongside Tron, Tether, and TRM Labs to combat illicit blockchain transactions. Public-private collaboration under the unit has frozen over $250 million in illegal assets since September 2024. Initiative aims to accelerate fund seizure and deter money laundering.
Monero Network Turmoil as Qubic Claims 51% Hashrate Control
Layer-1 project Qubic claims majority control of Monero’s hashrate, triggering a six-block chain reorganization. Developers argue the reorg alone does not prove a successful 51% attack, yet Monero’s price fell 8.6%.
Terraform Co-Founder Do Kwon to Plead Guilty in UST Fiasco
Terraform Labs co-founder Do Kwon is set to change his plea to guilty on nine U.S. felony charges, including fraud and money laundering, in connection with the $40 billion collapse of the TerraUSD (UST) stablecoin. A change-of-plea hearing is scheduled for August 12, 2025, in Manhattan federal court. His decision could influence parallel prosecutions in South Korea.
Crypto debanking persists despite Operation Chokepoint policies
Crypto firms continue to face account closures and service denials under de-risking efforts dubbed Operation Chokepoint 3.0. Despite pro-crypto rhetoric from the administration, banks including Citibank, Chase and Wells Fargo have cut ties without explanation.
XRP Charts Signal Caution to Bulls as Bitcoin Awaits Breakout and Ether Goes Bonkers
XRP remains below the key $3.65 level after forming a bearish tweezer top reversal, suggesting profit taking by holders with elevated unrealized gains. Bitcoin is trading within a descending channel, with a breakout above resistance required to resume the broader uptrend. Ether has broken out of a long-term symmetrical triangle, indicating a fresh bullish trajectory.
FTC reports imposter crypto scam losses among seniors surge 362% since 2020
The U.S. Federal Trade Commission warns that losses from imposter cryptocurrency schemes targeting seniors have surged 362% since 2020, with reported damages exceeding $150 million in the last year. The spike underscores growing risks for vulnerable investors amid market hype.
Roman Storm Convicted of Unlicensed Crypto Money Transmitting in Partial Verdict
Tornado Cash co-founder Roman Storm was found guilty of conspiring to operate an unlicensed money transmitting business by a Manhattan jury. Jurors deadlocked on money laundering and sanctions evasion charges, and Storm remains free on bail pending sentencing and potential DOJ decision on retrial.
Roman Storm’s Early Passion for Code Leads to Guilty Verdict
Roman Storm, co-founder of Tornado Cash, was convicted of conspiring to operate an unlicensed money-transmitting business in a New York federal court. Jury hung on money laundering and sanctions evasion charges, which prosecutors may retry in a new trial.
HashFlare Founders Want No More Jail Time as US Asks for 10 Years
HashFlare co-founders Sergei Potapenko and Ivan Turõgin seek time served for wire fraud after admitting to a $577 million mining contract Ponzi scheme, while prosecutors request 10 years’ imprisonment. Sentencing memo highlights $300 million victim losses and emphasizes deterrence.
Weaponized Trading Bots Drain $1M From Crypto Users via AI-Generated YouTube Scam
Over $1 million has been siphoned from users through malicious smart contracts posing as MEV trading bots, according to SentinelLABS. Campaign used AI-generated YouTube videos and obfuscated Solidity code to deceive victims. SentinelLABS warns against deploying free bots from social media and stresses thorough code review.
CrediX Recovers $4.5 M in Crypto After Exploit Negotiation
CrediX successfully negotiated with attackers to recover approximately $4.5 million in digital assets following an exploit. The recovery underscores the growing use of off-chain negotiations and white-hat recovery strategies to mitigate losses from smart contract vulnerabilities.
How Fake News and Deepfakes Fuel Crypto Pump-and-Dump Scams
Detailed examination of coordinated crypto pump-and-dump schemes enabled by fake news, deepfake videos, and unregulated markets reveals persistent manipulation tactics. The article outlines scheme stages and offers protective measures against these fraudulent operations.
DeFi protocol CrediX taken offline after $4.5M exploit
Sonic-based DeFi platform CrediX Finance went offline following a $4.5 million exploit that transferred funds to Ethereum wallets. Security firm CertiK reported the breach, and CrediX assured users that all assets would be recovered within 24–48 hours as a fix is implemented.