Law and Order

In brief Attackers exploited vulnerabilities in Cetus Protocol’s smart contracts using spoof tokens to manipulate price calculations and drain liquidity pools on Sui’s largest decentralized exchange. Popular Sui tokens including Lofi, Sudeng, and Squirtle plummeted 76-97% within an hour, while the Cetus token itself dropped 53% as 46 Sui tokens posted double-digit losses. The attacker […]

In brief Texas is seeking to become the second U.S. state to formally adopt a Bitcoin reserve. The bipartisan bill has passed all legislative hurdles, barring a final concurrence vote. Lawmakers voted 101-42, reflecting a strong but not unanimous bipartisan support. The Texas House of Representatives has passed landmark legislation seeking to establish a Bitcoin

In brief The ordinance mandates licenses for fiat-referenced stablecoin (FRS) issuers under the HKMA Issuers must meet reserve, redemption, AML, and risk management standards It comes as the U.S. Senate advances its own stablecoin framework Hong Kong passed legislation on Wednesday creating a licensing regime for fiat-referenced stablecoins, advancing its goal of becoming a digital

In brief Braden Karony, CEO of SafeMoon, was convicted in a U.S. federal court of conspiracy to commit securities fraud, wire fraud, and money laundering. Prosecutors said Karony misled investors about access to the token’s liquidity pool and used millions in diverted funds for real estate and luxury cars. The SafeMoon token once reached a

In brief The Iowa Supreme Court has ruled in favor of Bitcoin ATM operator Bitcoin Depot. The court ruled that money paid into a Bitcoin Depot ATM as part of separate scams in 2023 and 2024 must be returned to the company. The decision reversed a lower court ruling that the seized cash should be

In brief The Texas House passed Senate Bill 21 on second reading with a 105-23 vote, advancing it to third reading. An amendment adopted Tuesday requires eligible cryptocurrencies to maintain a $500 billion market cap over 24 months. If enacted, Texas could become the second U.S. state to establish a government-managed Bitcoin reserve, after New

In brief Australia’s corporate regulator is seeking High Court approval to appeal a ruling that favoured crypto firm Block Earner over the classification of digital asset yield products. ASIC is asking the court to clarify whether interest-earning and asset conversion crypto products fall under the Corporations Act as financial products. The appeal follows a Federal

In brief A U.S. tourist lost more than $123,000 in cryptocurrency after being drugged and abducted by a fake Uber driver in London’s West End. The attacker reportedly gained access to the victim’s digital wallet after obtaining his phone passcode. Police are investigating the incident amid a rise in physical attacks targeting crypto holders across

In brief The SEC has charged Unicoin and top executives with allegedly misleading over 5,000 investors in a $100 million crypto offering. Regulators said Unicoin made false statements about asset backing, registration, and the total amount raised. The SEC alleges Unicoin’s marketing campaign used widespread advertising to promote the offering as a secure investment. The