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South Korea Makes First Arrest Tied to Memecoin Rug Pull: report
South Korean prosecutors charged a group in an alleged rug pull involving the Solana-based memecoin Catpie, or CATFI, in what local media described as the country’s first decentralized exchange (DEX) rug-pull prosecution.The group was…
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Strategy’s Bitcoin Sale Raises Solvency Concerns As Bitcoin Crashes
Key takeaways:Strategy faces tighter short-term liquidity, but its conservative 11% net leverage protects it from forced BTC liquidations.A Bitcoin rally above $70,000 remains unlikely as long as STRC trades under $100 and spot ETFs show…
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StakeDAO vsdCRV Attacker Limited to $91K By Thin Liquidity
An attacker minted more than 5.4 trillion vsdCRV on Arbitrum after a suspected compromise of a StakeDAO-linked deployer key, though thin liquidity limited the realized proceeds to about $91,000.Blockchain security firm PeckShield said…
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EdgeX Blames Outsider for EDGE Token Crash as ZachXBT Alleges Insider Manipulation
Decentralized exchange edgeX has attributed a more than 40% collapse in its EDGE token to ‘deliberate’ market manipulation by an unnamed external party, a claim that onchain investigator ZachXBT has dismissed.Data from CoinMarketCap shows…
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Coinbase Ventures Invests in ENA as Ethena Scales USDe Beyond $1B
Key TakeawaysCoinbase Ventures bought ENA as Coinbase and Ethena expand onchain finance products.Ethena products could reach Coinbase’s 100M+ users, boosting USDe and ENA adoption.Coinbase and Ethena plan a new growth initiative next week…
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US Treasury Sanctions Iran’s Nobitex Crypto Exchange
The US Treasury has sanctioned four Iranian crypto exchanges, including the country’s largest, Nobitex, marking the latest effort in its campaign called “Economic Fury” that aims to cut Iran off from the financial system.The Treasury said…
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ZachXBT Slams EdgeX After Sudden Token Collapse
The crash unfolded amid rising DeFi security concerns following recent exploits across bridges and liquidity pools.
The EDGE token collapsed to an all-time low of around…
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Cardano’s TapTools Winds Down After Losing 5 Execs
TapTools, a Cardano-focused real-time analytics platform, has begun winding down after its fifth top-level executive departure, compounding leadership instability and making continued operations unsustainable. TapTools said in a post to X…
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Kelp DAO Recovery Hopes Fade as Hacker Launders About $220 Million
The hacker behind the $293 million Kelp DAO exploit has laundered nearly all of the unfrozen stolen funds, or about $220 million, in just six weeks, according to Arkham data and onchain analysts.The Kelp DAO hacker-tagged wallet appears to…
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Radiant to Wind Down After Failing to Recover From 2024 Hack
Crypto lending protocol Radiant Capital says it will start closing down as it failed to establish a “viable path forward” after North Korea exploited it for $50 million in October 2024.Radiant’s decentralized autonomous organization said in…
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