CrispyBull

Pi Network has suspended payment requests following a scam that led to millions of PI tokens being drained from user wallets. The blockchain itself was not compromised.

Polymarket confirmed a user account breach linked to a third-party login provider, saying its core protocol, smart contracts, and markets were not affected. The incident appears limited to specific access methods and highlights how external authentication tools can become a weak point for decentralized platforms.

The SAFE Crypto Act proposes a Treasury-led task force focused on improving how crypto scams are detected, disrupted, and enforced. Rather than rewriting crypto rules, the bill targets coordination failures that slow down intervention and recovery.

Do Kwon was sentenced to 15 years in U.S. federal prison for fraud tied to the collapse of TerraUSD and the LUNA ecosystem. While the ruling closes the American criminal case, South Korean prosecutors may still pursue a separate trial under domestic financial law.

Attackers exploited a misconfigured upgradeable proxy in the USPD stablecoin protocol, resulting in a $1 million loss. The team paused the system and launched a forensic investigation to secure remaining assets and trace the attacker’s movements on-chain.