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.