A cross-chain bridge operated by Wanchain and connected to the Cardano ecosystem was exploited on July 20, allowing an attacker to drain roughly 515 million NIGHT tokens. The tokens were removed from a Cardano-side lock address that backed NIGHT bridged to BNB Chain, leaving only a small fraction
Newly approved ethics language signed by President Donald Trump establishes restrictions on how federal officials interact with cryptocurrencies. The rule prohibits federal officials from issuing their own cryptocurrencies and designates the Department of Justice as the authority responsible for enforcement. The measure comes amid growing scrutiny of the intersection between
UK-based Satsuma Technology will unwind its bitcoin treasury strategy and remove its shares from London trading after shareholders approved both moves. The decision arrives less than a year after the company raised $218 million to build a corporate bitcoin holding, a plan that mirrored the treasury approach popularized by
Movement Labs, the company behind the MVMT project, filed for bankruptcy earlier this month, disclosing assets of between $100,001 and $500,000 against liabilities reaching as high as $10 million. According to the filing, the largest single claim comes from the company's ousted founder, who is seeking
US authorities have flagged an alleged $22 million Bitcoin mining scheme in which only about 13% of the money raised was reportedly directed toward actual mining operations. More than 380 investors supplied the funds, leaving a large gap between what was promised and what was deployed for its stated purpose.
Movement Labs, the blockchain startup behind the MOVE token, has filed for Chapter 11 bankruptcy following months of internal turmoil. The company faced scrutiny over a controversial market-making agreement, which triggered an internal investigation into its MOVE token launch and led Binance to ban the market maker involved. In
The Clarity Act, a crypto market-structure bill designed to define regulatory oversight of digital assets, is approaching final passage in the U.S. Senate. Senate negotiators describe the legislation as 'almost there,' while Treasury Secretary Scott Bessent characterized its progress as being at the '1-yard