Polymarket Tightens VPN Controls and Expands KYC Requests
Polymarket is encouraging identity verification and blocking VPN access in restricted jurisdictions. High value trading activity can trigger KYC checks under internal thresholds.
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Binance Re-Entry in Philippines Through SEC Sandbox Framework
Binance is re-entering the Philippine market through a partnership with BlockShoals under the SEC’s StratBox sandbox. The move follows its 2024 ban over unregistered operations.
Squid Distances Itself From $3.2M Third-Party Module Exploit
A third-party contract named SquidRouterModule was exploited for about $3.2 million across Ethereum and Base. Squid states its own router and users were not affected.
Echo Protocol Incident Results in $816,000 Loss After Admin Key Compromise
Echo Protocol confirmed a compromised admin key allowed minting of 1,000 fake eBTC on Monad. About $816,000 in real value was ultimately extracted.
Deel Introduces Stablecoin Payroll for Full-Time Employees
Deel has launched stablecoin salary payouts on Polygon for eligible US and Eurozone employees. The feature integrates crypto payments into its existing global HR platform.
ECB Summons Banks Over AI Cyber Risks From Claude Mythos
The European Central Bank has summoned 111 major banks to discuss cybersecurity risks linked to advanced AI models. Officials warn that faster exploit discovery requires quicker patch deployment.
Panther Protocol Launches on Polygon With Programmable Privacy Infrastructure
Panther Protocol has deployed its programmable privacy infrastructure on Polygon. The launch includes compliance enabled zones and a DAO governed participation model.
StablR Stablecoins Depeg After $2.8M Exploit on Ethereum
StablR’s EURR and USDR stablecoins lost their pegs on Ethereum after a private key compromise enabled unauthorized minting. About $2.8 million was extracted.
GameStop CEO Questions eBay’s $2.4B Marketing Budget
GameStop CEO Ryan Cohen publicly criticized eBay’s $2.4 billion marketing spend following a rejected $56 billion takeover bid. The dispute also involves the suspension of Cohen’s seller account.
Trump Media Moves 2,650 BTC to Crypto.com as Holdings Decline
Trump Media moved 2,650 BTC to Crypto.com, marking its second major Bitcoin transfer this year. The company’s remaining holdings now stand at about 6,889 BTC.
Polymarket Exploit Exceeds $520,000 as DeFi Hacks Rise in May
An apparent exploit of Polymarket’s UMA CTF Adapter has resulted in losses exceeding $520,000. The incident comes as DeFi records 19 hacks in May totaling $38.2 million.
ERA Wallet Adds On-Device Clear Signing to Address DeFi Blind Signing
ERA Wallet introduces an on-device transaction parsing engine as the Ethereum Foundation launches a Clear Signing standard to address blind signing risks in DeFi.
Kraken Secures Dubai VARA Approval, Expands UAE Presence
Kraken has obtained preliminary approval from Dubai’s VARA to offer trading and institutional services. The move places it alongside Binance, OKX, and Crypto.com in the UAE market.
Federal Reserve Proposes Payment Account for Eligible Crypto Firms
The Federal Reserve has proposed a new payment account that could allow eligible crypto firms to access its clearing and settlement systems. A 60-day comment period is now open.
Crypto Wallets Move Behind the Scenes as Apps and AI Take Over
Crypto executives say wallets are becoming less visible as exchanges, payment apps, and AI interfaces handle user interactions. Custody and transaction control remain central.
Missouri Sues CoinFlip Over Alleged Fraud at Crypto ATMs
Missouri has filed a lawsuit against CoinFlip, alleging the crypto ATM operator facilitated fraudulent transactions. The state is seeking penalties and a potential ban on its operations.
1 Quadrillion MAPO Minted in Bridge Exploit, Token Drops 30%
A vulnerability in MAP Protocol’s Butter Bridge allowed attackers to mint 1 quadrillion MAPO tokens. The incident led to a near 30% price drop and liquidity losses.
