The rollout is expected to reach over one billion users, making it the largest deployment of a self-custody crypto wallet to date.
Users will be able to send and receive crypto instantly with zero transaction fees.
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The operation dismantled the Shunda Compound network, which authorities say stole more than $700 million from U.S. victims and used Telegram to recruit scammers.
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Among the first accounts to receive verification are @portals, @mrkt, @tonnel_en, and other established marketplaces.
The initiative is designed to help users easily identify authentic accounts while strengthening trust and transparency within Telegramβs growing marketplace ecosystem.
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The retirement announcement posted on the groupβs website was reportedly created by TeamPCP members posing as Lapsus$.
One of the groupβs real members has confirmed that Lapsus$ is still active.
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In a public message to the attacker, the team proposed a settlement, requesting that 10% of the stolen assets be returned. If the attacker agrees, B2 Network says it will not pursue investigations or legal action, effectively allowing the exploiter to retain more than $3 million.
The proposal reflects a growing trend of crypto projects attempting to recover funds through negotiation rather than prolonged legal disputes.
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According to police, the suspects impersonated law enforcement officers and falsely claimed victimsβ crypto holdings were at risk, convincing them to transfer their funds. Eight victims were allegedly targeted in the scheme.
The footage also shows one suspect being caught off guard during the arrest.
All three suspects have now been arrested and are facing charges.
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Lien Finance has suffered a significant security breach after an attacker exploited a vulnerability in the protocol's pricing mechanism, resulting in the theft of approximately $542,000 USDC.
The exploit specifically targeted Lien Finance's OTC trading pools on Ethereumgl
By manipulating how the protocol valued deposited assets, the attacker was able to exchange virtually worthless tokens for USDC at artificially inflated prices before draining the available liquidity.
Blockchain investigators have identified the attacker's wallet, where the stolen funds currently remain. At the time of writing, there have been no signs of laundering activity or transfers to privacy services, although the address continues to be monitored.
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According to on-chain investigator ZachXBT, he will not be investigating the case, stating that exploits involving nine-figure losses require too many resources to trace effectively. Instead, his efforts will remain focused on smaller cases where recoveries are more achievable.
The Drift exploit, which resulted in approximately $285 million in losses, is believed to have been the product of a highly sophisticated, long-term operation. Security researchers have linked the attack to compromised governance approvals and multisig signers rather than a traditional smart contract vulnerability, with some reports attributing the operation to North Korea's Lazarus Group.
As the stolen assets begin moving through laundering channels, the likelihood of recovering a significant portion of the funds decreases substantially, making blockchain tracing increasingly difficult.
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Galaxy users will eventually be able to send, receive, and hold digital dollars directly inside the Wallet app.
USDC appeared in Samsungβs demo, but supported assets and launch date are still unconfirmed.
Massive step toward mainstream crypto payments on smartphones.
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AFX Trade has lost approximately $24.15 million in USDC after attackers compromised the bridgeβs validator signing keys.
The hackers obtained enough validator signatures to approve a fraudulent withdrawal, then bridged the funds to Ethereum and swapped them for roughly 12,467 ETH.
Importantly, this was not a flaw in Arbitrum or the bridgeβs smart contracts. The exploit stemmed from compromised off-chain validator keys used to authorize withdrawals.
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U.S. authorities have arrested Elaine Angene Escoe, an alleged organizer of a scheme that fraudulently obtained more than $32 million in taxpayer-funded COVID-19 relief funds.
After failing to appear in federal court in 2025, Escoe allegedly fled to Jamaica and assumed the identity βHarley Newmanβ in an attempt to avoid capture.
Following a coordinated international operation involving U.S. and Jamaican authorities, she has been returned to the United States to face multiple federal fraud and money laundering charges.
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Crypto exchange BitMart has confirmed it will wind down its trading platform following a strategic review of its business and market conditions.
Beginning today, the exchange is gradually suspending new registrations and deposits, while all trading services will officially end on August 26, 2026. Users have been advised to close open positions and withdraw their assets as soon as possible.
BitMart says withdrawal services will remain available during the wind-down period, with the platform expected to fully shut down on January 31, 2027.
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An attacker compromised the WEMIX$ smart contract, gaining control of privileged functions and minting 5,225,525 WEMIX$ without authorization.
Around 724K USDC.e and 30,736 WEMIX were moved across Ethereum and BNB Chain, with part of the funds swapped into ETH and USDT before reaching centralized exchanges.
WEMIX has suspended bridges, liquidity pools, and related services while working with exchanges to freeze the stolen assets. An investigation is ongoing.
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A crypto wallet provider reportedly lost approximately $12 million after an attacker successfully convinced an employee to disclose the recovery seed phrase for the companyβs treasury wallet.
The event serves as another reminder that operational security and employee awareness remain among the biggest risks in the crypto industry.
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Blockaidβs latest research found that social engineering accounted for approximately 74% of total losses, highlighting a significant shift away from smart contract exploits toward attacks involving compromised credentials, phishing campaigns, and stolen private keys.
The findings suggest that user security and operational security have become the industryβs largest attack surface.
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According to Russiaβs Federal Security Service (FSB), Telegram allegedly failed to remove channels, chats, and bots used by Ukrainian intelligence and extremist groups to coordinate sabotage, terrorist attacks, and cybercrime inside Russia.
Telegram has not yet responded to the allegations.
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The attacker exploited the tokenβs privileged recycle() function, manipulated pool reserves using a $237M flash loan, and drained liquidity from the PancakeSwap pair.
Another reminder that privileged smart contract functions can become critical attack vectors.
Exploit TX
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Scammers are mailing fake IRS letters that instruct victims to enroll in a non-existent βDigital Asset Compliance Portal.β
The fraudulent website is designed to collect victimsβ phone numbers before scammers follow up with calls posing as IRS or Coinbase representatives in an attempt to steal cryptocurrency.
Coinbase urges users to ignore the letters, avoid scanning any QR codes, and never share wallet recovery phrases or transfer funds at someone elseβs request.
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Coinkite has disclosed a serious vulnerability affecting COLDCARD Mk3 hardware wallets that generated recovery seeds using firmware versions 4.0.1 through 4.1.9.
According to the company, a flaw in the deviceβs entropy generation significantly reduced the randomness used when creating seed phrases, making certain private keys potentially predictable through brute force.
The disclosure follows reports that attackers drained approximately 594 BTC (around $38 million) from roughly 500 wallets linked to the vulnerable devices.
Users who created their seed on an affected Mk3 are strongly advised to generate a brand-new wallet and transfer all funds immediately. Mk4, Mk5 and COLDCARD Q devices do not appear to be impacted.
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Blockchain analysts at Arkham Intelligence and Lookonchain flagged the transaction, though the destination and purpose remain unknown. Security researchers believe the movement could mark the beginning of another laundering cycle involving previously stolen cryptocurrency.
Lazarus has stolen more than $6 billion in digital assets since 2017 and remains one of the world's most active state-backed cybercrime groups.
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