The Verus-Ethereum bridge suffered its second major exploit in two months, with attackers draining $7.54 million by targeting the same class of vulnerability exploited in May, according to security firm Blockaid. Cross-chain bridges remain a frequent target for attackers because they hold large pools of locked assets
Tesla retained its full 11,509 BTC position throughout the second quarter, opting not to buy or sell despite a 14% drop in bitcoin's price over the period. The decline forced the electric vehicle maker to record a $112 million impairment loss, reflecting the reduced value of its
MVMT Labs has entered bankruptcy proceedings, disclosing less than $1 million in assets despite reportedly securing $38 million in funding, raising questions about how the capital was spent. The company is listed as the sole named debtor in the filing. Move Industries has distanced itself from the case, stating it
US authorities have moved to seize $26.4 million across five separate cryptocurrency scam cases, part of a broader Department of Justice effort that has recovered roughly $800 million in fraud-linked assets. Court filings reveal an asset-first approach, in which prosecutors prioritize locating and restraining digital funds early
After American commercial AI tools reportedly declined to assist with investigating a security breach, Hugging Face turned to a Chinese open-source model, GLM 5.2, running it locally to complete the work. The company's CEO highlighted the episode as evidence of the practical value of open-weight
The dispute stemmed from Coinbase's Freedom of Information Act request seeking communications from former SEC Chair Gary Gensler, a leading figure in the agency's aggressive enforcement stance toward crypto. The SEC ultimately acknowledged it had destroyed Gensler's text messages, prompting Coinbase to pursue legal
A recent model-driven security compromise involving OpenAI and Hugging Face has ignited debate over how to interpret AI-related incidents. The event is being framed at two extremes: some cast it as evidence of an approaching technological singularity, while others dismiss it as mere marketing hype. According to the