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Bitget CEO Gracy Chen said a third-party security flaw enabled attackers to obtain internal credentials and authorize fraudulent withdrawals in a $388 million exploit. The exchange says its private keys and cold wallets were unaffected, while recovery efforts and an investigation into a possible North Korea link continue.
Crypto corporations gave $206 million to super PACs and hybrid PACs through Q2 2026, Public Citizen said, making crypto the largest disclosed corporate donor sector tracked in the midterm cycle. The total may not capture all industry-linked spending.
CryptoSlate reports that AI is helping scammers automate labor-intensive activities, including communication in romance schemes and messages about frozen cryptocurrency accounts, rather than eliminating the people running these fraud operations.
Polish prosecutors have charged a fifth suspect in a major crypto investigation linked to the exchange formerly known as BitBay. The platform became Zondacrypto in 2021 and halted trading in April after frozen withdrawals and losses estimated at $94 million.
Thai businessmen are suing Tether over $42 million in USDT frozen in connection with an alleged pig-butchering scam. Cointelegraph also reported potential fines for Australian crypto firms that miss a licensing deadline.
Thai businessmen are suing Tether over $42 million in frozen USDT tied to an alleged “pig butchering” scam. Australian crypto firms also face fines unless they meet a licensing deadline, Cointelegraph reported.
TAC has remained frozen for more than 10 days after an exploit led to a 1.26 billion-token bailout. A transaction emptied 28.6% of the bonded pool, while 1.66 billion attacker-held TAC remains unresolved.
Public Citizen’s analysis of FEC filings found record corporate political donations of $646 million over 18 months. Crypto led sectors with $206 million, while crypto, AI and online betting together spent $344 million.
South Korea plans free AI access for every citizen, with three consortia sharing up to 512 state-supplied Nvidia B200 chips. Beta testing is scheduled for September, and the service is expected to offer unlimited tokens.
Public Citizen estimates investors lost $4.7 billion through Trump-linked crypto ventures, while saying USD1 stablecoin holders have not suffered major losses. The claims draw attention to WLFI, USD1 and TRUMP.
