Fake Cold Wallet Bought on Douyin Costs Crypto Investor $6.9M
A Chinese crypto investor lost $6.9 million after purchasing a tampered cold wallet via Douyin. The scam exposes serious risks in social commerce and hardware trust.
BitoPro Breaks Silence on $11.5M Hack: Users Reassured, Trust Shaken
Taiwan’s BitoPro exchange has confirmed a $11.5 million hack following a long silence. While user funds are covered, trust may not be.
CertiK May Report Reveals Crypto Social Engineering as Top Threat in 2025
CertiK’s May 2025 report exposes a new reality: it’s not code but human behavior that’s causing the biggest losses in crypto. The threat? Social engineering.
Hong Kong Police Bust $15M Crypto Laundering Syndicate in Major Enforcement Sweep
Hong Kong authorities have arrested 12 people and dismantled a HK$118 million cryptocurrency laundering network. The bust highlights the city’s zero-tolerance stance on crypto-linked crime and sends a clear warning to OTC platforms operating in regulatory grey zones.
Coinbase Breach: Hackers Demand $20M, Exchange Offers Bounty Instead
Hackers stole sensitive customer data from Coinbase and demanded $20 million in ransom. Instead, Coinbase launched a $20 million bounty to unmask them, triggering an FBI investigation.
