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.