A South Korean court sentenced Delio CEO Jeong Sang-ho to 15 years in prison Thursday after finding him guilty of defrauding customers of roughly 70 billion won ($49 million) through the collapsed crypto deposit platform. The Seoul Southern District Court also ordered Jeong detained, citing a risk of flight. The sentence fell five years short […]
Bitcoin perpetual futures trading has fallen to its lowest level in three years, extending a broader collapse in market activity while a comparatively large amount of leveraged exposure remains open. The 30-day average combined trading volume for BTCUSDT perpetual contracts on Binance and Bybit fell to $10.8 billion on Monday, according to K33 Research. Only […]
Anchorpoint Financial has begun the first phase of its Hong Kong dollar stablecoin rollout, putting HKD At Par, or HKDAP, into limited circulation through authorised distributors and professional investors. The launch moves one of Hong Kong’s first licensed stablecoins from regulatory approval and testing into commercial use. The Standard Chartered-backed venture is using a business-to-business-to-consumer […]
Metaplanet moved 3,881 Bitcoin worth roughly $247.3 million across several addresses on Wednesday, drawing attention as the Japanese Bitcoin treasury company sits on an unrealized loss of about $1.4 billion. The transfers, however, do not appear to represent a sale: Arkham data indicates the coins moved from Metaplanet cold wallets to new addresses also attributed […]
Crypto.com has expanded its tokenized-stock offering to roughly 1,500 U.S. stocks and ETFs, giving eligible users 24/7 access to equity-linked products through the same app used for cryptocurrency trading. The company said in its announcement that the products are available to eligible users in the European Economic Area and other approved jurisdictions, with positions starting […]
An attacker drained 199,916.3 XRP from the tx XRPL bridge on August 9 after exploiting a deposit-verification flaw that allowed nonexistent deposits to be credited as real. The 97-minute drain reduced the bridge’s XRP reserve from about 200,410 XRP to just 493.5 XRP. On-chain analysis traced 94 XRP payments from the bridge between 19:16 and […]
Harmony is considering rolling back its blockchain after an apparent exploit reportedly created roughly 4 billion ONE tokens without authorization, a sudden issuance equal to more than a quarter of the token’s pre-incident supply. The Harmony team said Wednesday that it was working with exchanges to stop and freeze affected funds while developing a patch […]
