Key Takeaways: Web3 platforms lost $3.1 billion in H1 2025, already surpassing full-year 2024 losses. Access control failures were the leading cause, followed by phishing and smart contract bugs. AI-related attack vectors rose by 1,025%, showing risks in inference layers and APIs. Web3 projects lost $3.1 billion to exploits and scams in the first half…
ZK-powered identity protocol Self says it has joined hands with Google Cloud to fuel adoption of its Web3 infrastructure and AI tooling among verified human users. According to the press release, the partners aim to support the Web3 developer ecosystem with new AI capabilities. Namely, they will explore ways to integrate the Self Protocol with…
Ghana’s central bank plans to finalize a comprehensive regulatory framework for crypto platforms and submit it to parliament by September 2025. This marks a significant shift toward mainstream adoption of digital assets in West Africa’s second-largest economy. According to a Bloomberg report, Bank of Ghana Governor Johnson Asiama announced the proposed legislation will enable the…
In increasing numbers, real-world businesses and Web 2.0 services are adopting blockchain technologies, developing decentralized applications (dApps) and transitioning to Web 3.0. This technological shift offers significant advantages and brings value adding benefits, such as decentralization, tokenization, transparent incentivization models, fair governance, and more. But do blockchains exist today that can overcome the current challenges blocking mass…
Two MIT-educated brothers accused of orchestrating the largest MEV bot exploitation in cryptocurrency history will face trial after a federal judge rejected their attempts to dismiss fraud and money laundering charges. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, allegedly stole $25 million in cryptocurrency within 12 seconds by manipulating Ethereum’s MEV-Boost protocol in April 2023….
Hong Kong will soon make it illegal to market unlicensed stablecoins to the public, as the city tightens controls ahead of the rollout of a long-anticipated regulatory framework. The move comes as authorities seek to cool market euphoria and protect retail investors from hype and fraud in the digital asset space. Eddie Yue, chief executive…
Tether is laying the groundwork for a fresh push into the US, spurred by a major shift in the country’s regulatory climate. CEO Paolo Ardoino told Bloomberg in an interview Wednesday that the company is moving ahead with its domestic strategy, following last week’s signing of landmark stablecoin legislation by US President Donald Trump. The…
The non-fungible token (NFT) collection of rock legend Ozzy Osbourne, CryptoBatz, shot up in value following his death on Tuesday, new data from CoinGecko shows. CryptoBatz Sees Spike in Value According to data from the cryptocurrency performance platform, CryptoBatz skyrocketed by over 400% shortly after Osbourne’s passing was announced on Tuesday. By Wednesday, however, the…
The U.S. Attorney’s Office for the Western District of Washington filed a civil action on Tuesday seeking the forfeiture of over $7 million in digital assets recovered from a massive crypto scheme, a new press release from the Department of Justice shows. Fraudsters Stole $97 Million in Crypto Scheme, New Press Release Shows According to…
A federal cryptocurrency fraud case with unexpected ties to Donald Trump’s circle and senior MoonPay executives has become a legal spectacle after it was briefly sealed in full, then swiftly unsealed, with acting U.S. Attorney Jeanine Pirro blaming court clerks for the confusion. The case, originally filed publicly by the Department of Justice (DOJ) on…