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Tag: Crypto
4 In 5 Hacked Crypto Projects Don’t Fully Recover, Expert Says
A worrying pattern has formed in the crypto sector. Reports say that about four in five projects hit by major hacks do not fully recover. Money is lost, yes. But the deeper damage is often to trust — and that can be fatal. Related Reading Trust Erodes Fast When a breach is found, users pull funds quickly. Partners step back. Liquidity dries up. Industry experts, including Immunefi CEO Mitchell Amador, warn that slow or unclear responses can push entire communities away. Some projects try to fix code quietly. That can…
$100M Underground Crypto Scheme Dismantled in South Korea
Key Notes Customs exposed a $100 million underground crypto remittance crime network. Suspects used WeChat Pay and Alipay to disguise illegal transfers. South Korea plans stricter crypto rules to curb small split transactions. South Korean authorities have busted a crypto crime ring that moved about 150 billion won ($102 million) through WeChat Pay, Alipay, and overseas exchanges. The group converted digital assets into cash while disguising transactions as cosmetic surgery payments and student fees. Authorities have charged three suspects in connection with the scheme. Inside the South Korea Crypto Remittance…
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Why Is Bitcoin And Crypto Down Today? Key Drivers Behind The Move
Bitcoin slid to $91,920 late Sunday in New York, down 3.8% from roughly $95,500, as a sharp risk-off impulse hit crypto markets and quickly bled into high beta majors. Ether fell as much as 5.3% to $3,177, while XRP and Solana underperformed with drawdowns of 10.4% to $1.847 and 9% to $130, respectively, as leveraged positioning was forced out. Why Is Bitcoin And Crypto Down Today? The immediate catalyst was a geopolitics-to-trade headline that landed into a weekend liquidity window: President Donald Trump said the US would impose additional 10%…
$63M From $282M Crypto Wallet Hack Routed Through Tornado Cash
Key Notes CertiK said at least 686 BTC was swapped cross-chain into 19,600 ETH, while raising concerns of money laundering. This money is now moving into crypto-mixer Tornado Cash, which will make further tracing of funds even more difficult. On January 10, the attacker gained access by impersonating wallet support staff, compromising holdings of 1,459 BTC and 2M+ Litecoin. On Jan. 19, blockchain security firm CertiK reported that nearly $63 million have more to crypto mixer Tornado Cash TORN $11.55 24h volatility: 5.0% Market cap: $44.03 M Vol. 24h:…
Crypto Inflows Hit $2B Last Week, Largest Since October 2025
Key Notes Digital asset products recorded $2.17 billion in inflows last week. This was the largest weekly total since October 2025. Bitcoin led allocations with $1.55 billion, while Ethereum added $496 million. Digital asset investment products recorded $2.17 billion in inflows last week. It was the largest weekly total since October 2025, just days before the prior market crash. Most of that capital entered early in the week before sentiment flipped on Friday. Digital asset investment products saw their largest weekly inflows since October 2025 at US$2.17bn. Bitcoin led inflows…
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Hong Kong Professionals Push for Lighter Crypto Reporting Amid New Licensing Plans
Key Notes Professionals urge the government to ease reporting rules for those without crypto activity. Hong Kong plans new licensing regimes for virtual asset dealers and custodians in 2026. OTC desks, brokers, and custodians will fall under the same regulatory framework as trading platforms. The Hong Kong government may need to reconsider certain aspects of the OECD’s Crypto Asset Reporting Framework (CARF). Recently, the Hong Kong Securities & Futures Professionals Association (HKSFPA) urged the city’s government to slow down the implementation of some elements of the framework. Hong Kong and…
Vitalik Buterin: Crypto Needs Better DAOs
Key Notes Vitalik Buterin claims that crypto needs better and different DAOs. He said that most DAOs drifted into inefficient token-voting treasuries. Current DAO designs leave on-chain dispute resolution exposed to manipulation. Ethereum ETH $3 220 24h volatility: 3.0% Market cap: $389.00 B Vol. 24h: $27.69 B co-founder Vitalik Buterin claims that the crypto industry misunderstood decentralized autonomous organizations (DAOs). The original vision behind Ethereum was not token voting treasuries, but autonomous systems that could manage resources better than governments or corporations. That vision blurred over time as most DAOs…