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Echo Protocol Exploit Sees Hacker Mint Unauthorised eBTC Worth $76.7 Million
Echo Protocol suffered a major exploit after a hacker minted nearly 1,000 unauthorised eBTC worth $76.7 million. The attacker later bridged assets to Ethereum and routed part of the funds through Tornado Cash, while the protocol team said it had regained control of the compromised admin key.
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Bank of England Pushes for Near 24/7 Settlement System for Tokenised Finance
The Bank of England and the Financial Conduct Authority have proposed extending settlement system operating hours to near-24/7 availability as part of efforts to prepare the UK’s wholesale markets for tokenised finance. The move could support cross-border payments, digital asset settlements, and broader adoption of distributed ledger technologies...
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Kraken Follows Kelp DAO, Switches From LayerZero to Chainlink CCIP
Kraken has switched its cross-chain provider from LayerZero to Chainlink CCIP following the Kelp DAO exploit in April. The exchange said the move is aimed at securing Kraken Wrapped Bitcoin and future wrapped tokens.
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Bitcoin Price Rises Above $81,000, Buoyed With Optimism Over US CLARITY Act
Bitcoin traded near $81,000 on Friday as optimism around the US CLARITY Act improved sentiment in the crypto market. Analysts said hopes of clearer digital asset regulation and improving risk appetite supported Bitcoin’s move above $82,000 despite recent ETF outflows.
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Law Firm Fenwick & West Sued Over Alleged Role in FTX Collapse
Fenwick & West LLP is facing a $525 million lawsuit filed by a group of FTX victims who allege the firm helped conceal fraud tied to the collapsed crypto exchange. The complaint cites shell companies, internal messaging systems, and testimony from former FTX executives.
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Paybis Secures MiCA and PSD2 Licences Ahead of EU Crypto Expansion
Crypto exchange Paybis has secured MiCA and PSD2 licences through its EU entity, SIA Paybis Europe. The approvals allow the company to provide regulated crypto asset and payment services across the European Union and broader EEA region.
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What Is US Clarity Act? What It Means For Bitcoin, Crypto, Investors
The US Clarity Act proposes registration frameworks for crypto businesses so they can legally operate under a defined compliance system.
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Western Union Launches USDPT Stablecoin on Solana Blockchain, Coin Issued by Anchorage Digital
Western Union has launched the USDPT stablecoin on Solana as part of its expansion into blockchain-based settlement and remittance infrastructure. The stablecoin is initially rolling out in Bolivia and the Philippines, with broader expansion planned for 2026.
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World Liberty Financial Sues Tron Founder Justin Sun for Defamation
World Liberty Financial has filed a defamation lawsuit against Tron founder Justin Sun in Florida, accusing him of making false public claims and violating WLFI token sale terms. Sun has denied the allegations and called the case a publicity stunt.
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US Law Firm Seeks to Halt Transfer of Frozen ETH From Kelp Exploit
A US law firm has moved to halt the transfer of frozen Ether linked to the Kelp exploit, arguing that the assets may qualify as DPRK property. The development could delay recovery efforts aimed at compensating affected rsETH holders.
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Drift Exploit Claims Its First Victim as DeFi Protocol Carrot Shuts Down
Solana-based DeFi protocol Carrot is shutting down after suffering losses linked to the Drift Protocol exploit. The platform said the incident severely affected its operations and has asked users to withdraw funds before the May 14 deadline.
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Nine Crypto Scam Centres Targeting US Users Shut Down in Joint Operation Involving UAE, US and China
A joint operation involving authorities from the UAE, the US, and China led to the shutdown of nine crypto scam centres and the arrest of 276 individuals. The crackdown targeted fraudulent investment platforms and cross-border money laundering activities linked to crypto scams.
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HKMA Warns Investors of Fraudulent HSBC and Anchorpoint Stablecoins
HKMA, HSBC, and Anchorpoint Financial have warned users about fake stablecoins circulating under the tickers “HKDAP” and “HSBC.” The regulators clarified that no official tokens have been launched yet and urged users to rely only on authorised channels.
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US Judge Rejects Former FTX CEO Sam Bankman-Fried’s Bid for New Trial
A US federal judge has denied Sam Bankman-Fried’s request for a new trial, stating that the motion lacked new evidence. The development comes as the former FTX CEO continues to pursue legal remedies following his conviction in one of the largest crypto fraud cases.
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Israel's Regulatory Authority Approves Shekel-Pegged Stablecoin After Pilot on Solana Blockchain
Israel’s regulator has approved a shekel-pegged stablecoin by Bits of Gold after a two-year pilot. The BILS token will operate under strict conditions, with reserves held in segregated local accounts, as authorities move towards regulated crypto adoption.
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Echo Protocol Exploit Sees Hacker Mint Unauthorised eBTC Worth $76.7 Million
Echo Protocol suffered a major exploit after a hacker minted nearly 1,000 unauthorised eBTC worth $76.7 million. The attacker later bridged assets to Ethereum and routed part of the funds through Tornado Cash, while the protocol team said it had regained control of the compromised admin key.
-
Bank of England Pushes for Near 24/7 Settlement System for Tokenised Finance
The Bank of England and the Financial Conduct Authority have proposed extending settlement system operating hours to near-24/7 availability as part of efforts to prepare the UK’s wholesale markets for tokenised finance. The move could support cross-border payments, digital asset settlements, and broader adoption of distributed ledger technologies...
-
Kraken Follows Kelp DAO, Switches From LayerZero to Chainlink CCIP
Kraken has switched its cross-chain provider from LayerZero to Chainlink CCIP following the Kelp DAO exploit in April. The exchange said the move is aimed at securing Kraken Wrapped Bitcoin and future wrapped tokens.
-
Bitcoin Price Rises Above $81,000, Buoyed With Optimism Over US CLARITY Act
Bitcoin traded near $81,000 on Friday as optimism around the US CLARITY Act improved sentiment in the crypto market. Analysts said hopes of clearer digital asset regulation and improving risk appetite supported Bitcoin’s move above $82,000 despite recent ETF outflows.
-
Law Firm Fenwick & West Sued Over Alleged Role in FTX Collapse
Fenwick & West LLP is facing a $525 million lawsuit filed by a group of FTX victims who allege the firm helped conceal fraud tied to the collapsed crypto exchange. The complaint cites shell companies, internal messaging systems, and testimony from former FTX executives.
-
Paybis Secures MiCA and PSD2 Licences Ahead of EU Crypto Expansion
Crypto exchange Paybis has secured MiCA and PSD2 licences through its EU entity, SIA Paybis Europe. The approvals allow the company to provide regulated crypto asset and payment services across the European Union and broader EEA region.
-
What Is US Clarity Act? What It Means For Bitcoin, Crypto, Investors
The US Clarity Act proposes registration frameworks for crypto businesses so they can legally operate under a defined compliance system.
-
Western Union Launches USDPT Stablecoin on Solana Blockchain, Coin Issued by Anchorage Digital
Western Union has launched the USDPT stablecoin on Solana as part of its expansion into blockchain-based settlement and remittance infrastructure. The stablecoin is initially rolling out in Bolivia and the Philippines, with broader expansion planned for 2026.
-
World Liberty Financial Sues Tron Founder Justin Sun for Defamation
World Liberty Financial has filed a defamation lawsuit against Tron founder Justin Sun in Florida, accusing him of making false public claims and violating WLFI token sale terms. Sun has denied the allegations and called the case a publicity stunt.
-
US Law Firm Seeks to Halt Transfer of Frozen ETH From Kelp Exploit
A US law firm has moved to halt the transfer of frozen Ether linked to the Kelp exploit, arguing that the assets may qualify as DPRK property. The development could delay recovery efforts aimed at compensating affected rsETH holders.
-
Drift Exploit Claims Its First Victim as DeFi Protocol Carrot Shuts Down
Solana-based DeFi protocol Carrot is shutting down after suffering losses linked to the Drift Protocol exploit. The platform said the incident severely affected its operations and has asked users to withdraw funds before the May 14 deadline.
-
Nine Crypto Scam Centres Targeting US Users Shut Down in Joint Operation Involving UAE, US and China
A joint operation involving authorities from the UAE, the US, and China led to the shutdown of nine crypto scam centres and the arrest of 276 individuals. The crackdown targeted fraudulent investment platforms and cross-border money laundering activities linked to crypto scams.
-
HKMA Warns Investors of Fraudulent HSBC and Anchorpoint Stablecoins
HKMA, HSBC, and Anchorpoint Financial have warned users about fake stablecoins circulating under the tickers “HKDAP” and “HSBC.” The regulators clarified that no official tokens have been launched yet and urged users to rely only on authorised channels.
-
US Judge Rejects Former FTX CEO Sam Bankman-Fried’s Bid for New Trial
A US federal judge has denied Sam Bankman-Fried’s request for a new trial, stating that the motion lacked new evidence. The development comes as the former FTX CEO continues to pursue legal remedies following his conviction in one of the largest crypto fraud cases.
-
Israel's Regulatory Authority Approves Shekel-Pegged Stablecoin After Pilot on Solana Blockchain
Israel’s regulator has approved a shekel-pegged stablecoin by Bits of Gold after a two-year pilot. The BILS token will operate under strict conditions, with reserves held in segregated local accounts, as authorities move towards regulated crypto adoption.
