Tag: Report

ZetaChain Dismissed Bug Report That Could Have Prevented $334K Exploit

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The vulnerability that led to ZetaChain’s recent exploit had been flagged through its bug bounty program before the attack, but was dismissed as intended behavior. In a post-mortem published Wednesday, the team said the incident has prompted a review of how it handles bug bounty submissions, particularly reports involving chained attack vectors that may appear harmless in isolation but are dangerous in combination. “This bug was reported and they simply ignored it,” one user wrote on X. “That’s how bug bounty programs work with these protocols currently; they incentivize losses…

AML Fines Eclipse SEC Cases as Top Crypto Risk: Report

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Anti-Money Laundering enforcement has overtaken securities violations as the leading regulatory threat facing crypto companies, according to CertiK, with the United States Department of Justice and Financial Crimes Enforcement Network imposing $900 million in AML-related fines during the first half of 2025. The shift marks a sharp break from the US Securities and Exchange Commission-led enforcement cycle that defined earlier years of crypto regulation. SEC crypto-specific penalties collapsed 97% in penalty value year over year, dropping from $4.9 billion in 2024 to $142 million in 2025, according to a Tuesday…

MiCA has made euro stablecoins safe but weak, new report argues

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A new Blockchain for Europe report says MiCA has made euro stablecoins safer but less competitive, and urges targeted reforms to reserves and remuneration. A new report released Monday from industry group Blockchain for Europe argues that the European Union’s flagship crypto laws, the Markets in Crypto-Assets Regulation (MiCA) framework, have produced euro-denominated stablecoins that are ultra-safe but commercially weak, leaving the bloc far behind US dollar-pegged tokens in digital payments and trading. The report cites DeFiLlama data that euro stablecoins account for less than 1% of global stablecoin volume…

Crypto PAC Fellowship Halts Support of Texas AG for Senate: Report

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The Fellowship political action committee (PAC), which launched claiming to have more than $100 million from crypto-aligned backers, has reportedly backed out of an advertising deal to support Texas Attorney General Ken Paxton in a crucial US Senate race. According to a Thursday report from Axios, Republican leaders contacted US Commerce Secretary Howard Lutnick on his connections to Fellowship, which has been partially funded by Cantor Fitzgerald. Lutnick, as the former president and CEO and whose sons are now in charge of the financial services company, reportedly faced questioning from…

Crypto Firms Report Flood of AI-Driven Bug Bounty Submissions

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Crypto protocols have warned that an increase in AI use has led to a flood of bogus bug bounty submissions, putting a strain on teams trying to identify real threats to their protocols.  Bug bounties are a system to reward “good” hackers for submitting reports about potential vulnerabilities and are popular in the crypto industry. AI has now made it easier to sift through large amounts of code to find possible bugs, though AI is also known to hallucinate.  “AI is changing the way that bug bounty programs must operate,”…

Kalshi Eyes Crypto Perpetual Futures Expansion: Report

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Prediction market exchange Kalshi is reportedly preparing to expand into cryptocurrency trading by introducing perpetual futures contracts, marking a major shift beyond its core event-based derivatives business. In a Tuesday report, The Information cited people familiar with the matter as saying Kalshi plans to offer perpetual futures — commonly known as “perps” — on cryptocurrencies such as Bitcoin (BTC). Source: Walter Bloomberg Perpetual futures are a type of derivative contract that allows traders to speculate on price movements without an expiration date.  Unlike traditional futures, which must be rolled over…

Crypto Scam Targets Stranded Ships in Strait of Hormuz: Report

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Fraudulent actors posing as Iranian authorities have reportedly sent messages to shipping companies whose vessels remain stranded west of the Strait of Hormuz, demanding payment in cryptocurrency for safe passage. On Monday, maritime risk company Marisks issued a warning saying unknown groups had contacted shipowners claiming to represent Iranian security services and requesting transit “fees” in Bitcoin (BTC) or USDt (USDT) in exchange for clearance through the strait, according to Reuters. “These specific messages are a scam,” Marisks reportedly said, adding that they do not originate from Iranian authorities. Tehran…

Polymarket in Talks to Raise $400 Million at $15 Billion Valuation: Report – Bitcoin News

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Key Takeaways: Polymarket is reportedly in advanced talks to raise $400 million at a $15 billion valuation, per The Information. ICE has already invested over $1.6 billion in Polymarket since October 2025, building on an $8 billion pre-money deal. Polymarket hit a record $10.57 billion in monthly trading volume in March 2026, with expansion capital next. Polymarket Seeks $400M Funding Round, According to The Information Sources The Information report cited people familiar with the matter and noted that the round has not been finalized, meaning terms could still change. Polymarket…

Polymarket Looks to Raise $400M at $15B valuation: Report

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Prediction market platform Polymarket is reportedly in talks with investors to raise another $400 million in fresh capital, The Information reported Monday. The $400 million raise would be made at a $15 billion valuation, The Information said, citing two people familiar with the matter.  The raise would add to a wave of institutional capital flowing into the predictions market space in recent months. New York Stock Exchange parent Intercontinental Exchange (ICE) invested $600 million into Polymarket in late March, while competitor platform Kalshi’s valuation was marked at about $22 billion…

Aluminum Giant Alcoa to Sell Dormant Smelter to Bitcoin Miner NYDIG: Report

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US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG). The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid rising energy costs and global competition. Built for 24/7 heavy industrial operations, aluminum smelters come…