Category: crypto

On-chain investigator ZachXBT concluded that Humanity Protocol’s $31 million exploit was caused by a private key compromise, not an insider theft scheme. Evidence pointed away from the theory that the project team orchestrated the exploit. Concerns remain about suspicious market activity before the exploit. The attacker also minted an additional 100 million tokens.

SBI Shinsei Bank is offering a campaign where customers can receive crypto exchange vouchers worth 20% of their deposit interest, redeemable for Bitcoin, Ether, or XRP. To participate, customers must open an SBI VC Trade account. This initiative is part of SBI Group’s expanding lineup of crypto services, including lending and investment products.

Humanity Protocol revealed that over $36 million in H tokens were stolen by attackers who compromised administrative keys for bridge infrastructure on Ethereum and BNB Smart Chain. The breach started with a compromised laptop, allowing attackers to mint tokens and control bridges. Recovery efforts are ongoing with exchanges and law enforcement.

Zodia Custody has obtained a Payment Institution license in Luxembourg, allowing for regulated custody and transfer of stablecoins across the EU. The approval complements the company’s existing MiCA license and is part of a plan to integrate with Standard Chartered’s digital asset operations. Zodia aims to consolidate custody operations and expand services for institutional clients…

OKX has launched 13 new X Perp markets in Europe, offering futures tied to major U.S. tech stocks, commodities, and stock indices. Trading volume for X Perps has increased by 447% since May 1. The exchange plans to introduce a SpaceX-linked X-Perp following the company’s IPO. Regulatory compliance is a focus due to upcoming EU…

Morpho Association raised $175 million in funding from investors, led by Paradigm, a16z Crypto, and Ribbit Capital. The funding valued Morpho at about $2 billion and will support technical development, commercial integrations, and wider use of its open credit infrastructure. The network already has over $11 billion in deposits and is used by major finance…

Ripple CTO Emeritus David Schwartz responded to criticism of his title with a detailed poem about his role in the development of the XRP Ledger. The poem covered various topics including cryptography, payments, custody, and decentralized exchanges. Schwartz remains involved in public discussions about XRP and blockchain security despite stepping away from daily leadership duties.

Starknet has launched STRK20, a zero-knowledge privacy framework that gives ERC-20 assets shielded balances and private transfers. Developers can add confidential flows without separate privacy systems for each token. Viewing keys allow targeted disclosure for legal requests while protecting transaction histories. strkBTC is the first use case.

A man in China was sentenced to 10 years and nine months in prison for stealing 107 Bitcoin by memorizing a wallet recovery phrase. Prosecutors treated Bitcoin as property due to holders’ control through private keys and recovery phrases. The ruling does not change China’s restrictions on cryptocurrency trading.

FixedFloat tightened compliance rules for transactions linked to Huobi or HTX after UK sanctions. The exchange now suspends Huobi-origin funds, requires extra checks, and warns users to check for connections to sanctioned entities. UK authorities included HTX under Huobi sanctions, but HTX disputes the legal connection. ZachXBT warns of broad address tainting consequences.