👾 #Crypto South Korean police asked Binance to freeze the crypto assets stolen from Upbit, but the exchange froze only a portion of the funds. Authorities sought a freeze on roughly 470 million KRW worth of Solana tokens, while Binance — saying it required additional verification — ultimately froze only about 17% of that amount (around 80 million KRW), and did so after an estimated 15-hour delay.
Over a span of four years, Do Kwon was found to have misled the market, misrepresented the design of the stablecoin, and failed to disclose the support arrangement with Jump Trading — conduct that contributed to more than $40 billion in losses and affected hundreds of thousands of investors. The judge has sentenced him to 15 years in prison.
The U.S. Office of the Comptroller of the Currency (OCC) just issued an interpretive letter confirming that national banks are now allowed to engage in riskless principal transactions involving crypto-assets.
Ethereum co-founder Vitalik Buterin said that Fileverse — a decentralized, open-source encrypted document platform — has spent the past few months resolving bugs and is now stable enough for secure document sharing, commenting, and collaboration “without further issues.” He noted that many projects are more developed than people realize, and highlighted Fileverse’s major strength: it doesn’t rely on network effects. Users can simply open the app and begin collaborating without needing any prior familiarity with Fileverse or Ethereum.
The Federal Reserve set its new upper bound for the target rate at 3.75%, matching expectations and down from the prior 4.00%, reflecting a 25-basis-point reduction.
ChainOpera AI has partnered with the Princeton AI Lab to introduce CryptoBench, described as the first expert-level dynamic benchmark for the crypto sector. Created in collaboration with Professor Mengdi Wang and her PhD student Jiacheng Gu, the benchmark tests LLM agents across a range of crypto-specific tasks
Ethereum co-founder Vitalik Buterin said that while Elon Musk initially turned Twitter into a global symbol of free expression, the platform has since shifted toward becoming a center for hate speech — something he believes ultimately weakens free speech rather than strengthens it. Vitalik warned that this trend could negatively impact key social values in the years ahead.
Upbit, South Korea’s biggest cryptocurrency exchange, has said it will raise the share of customer assets held in cold (offline) wallets to 99%, bringing its hot-wallet share down to zero. The move follows the theft of 44.5 billion KRW from one of its hot wallets. The upgrade to its wallet system is now complete, surpassing the country’s regulatory minimum of 80% cold storage.
Arkham has introduced on-chain tracking for Zcash, identifying more than 53% of all Zcash transactions — both shielded and transparent — covering roughly $420 billion in volume tied to known individuals and organizations. The platform has also attributed around 48% of transaction inputs and outputs, as well as 37% of total balances (about $2.5 billion), to specific entities.
Vitalik Buterin said he had long criticized the Ethereum Foundation for not having enough expertise in P2P networking—focusing too heavily on cryptoeconomics, BFT consensus, and block-level development while overlooking the network layer. He noted that this has now significantly improved. Pointing to the performance of PeerDAS, he praised raulvk and other EF contributors for the “heroic” work required to get PeerDAS operational and highlighted a roadmap aimed at faster message propagation, greater network robustness, and parallel advances in privacy at the networking layer.