Crypto ATM scams in Australia cause over AUD 3.1 million in losses
Over 150 unique scam reports filed with ReportCyber during the period. Average loss per victim exceeded AUD 20,000. Crypto ATMs in Australia surged from 40 in 2022 to over 1,800…
MEXC flags 200% spike in crypto fraud: India, Indonesia lead with over 30,000 accounts
MEXC reports 80,057 fraud cases in Q1 2025, a 200% YoY increase. India flagged 27,000 fraudulent accounts, up 17% from last year. Indonesia saw 1,303% surge in fraud cases, reaching…
Over 30% of new crypto users start with meme coins, says Gemini’s 2025 report
94% of meme coin holders also invest in Bitcoin and Ethereum later. US leads in meme coin adoption, with 31% starting their crypto journey with them. Meme coins now have…
Coinbase faces SEC probe over historical user metrics: report
Stock slips 6% after report on federal investigation. The regulatory scrutiny comes as Coinbase deals with the aftermath of a cybersecurity breach disclosed earlier in the day. Hackers reportedly stole…
Kuwait launches crackdown on crypto miners over power grid concerns
Kuwait has launched a crackdown on illegal crypto mining. The coordinated effort targeted residential properties suspected of being used as illegal crypto mining hubs. Some suspects have been released on…
Nike sued for $5 million over RTFKT NFTs: check key details
Plaintiffs accuse Nike of promoting unregistered securities. NFTs linked to RTFKT fell from $8,000 to $16 after closure. Lawsuit highlights legal uncertainty around NFTs as securities. Nike is facing a…
SEC postpones decisions on Polkadot and Hedera ETFs, over 70 filings await clarity
The agency would extend the deadline to June 11 to rule on Grayscale’s bid to convert its Polkadot Trust and Canary’s proposal to list a Hedera (HBAR) ETF. A separate…
Crypto market sees over $230 million in liquidations
The crypto market continues to struggle with downward pressure, with over $230 million in liquidations recorded in a single day. Per data from Coinglass, total liquidations were up 157% in…
Former Binance CEO denies report, says “no discussion” with Trump over a presidential pardon
Changpeng Zhao said the Wall Street Journal “got the facts wrong” He believes it’s a “motivated attack” on US President Donald Trump and the residual forces of the “war on…
The SEC Mulls Over XRP ETF Applications as Interest Rise
The SEC has received six XRP ETF applications over the last several weeks as interest in traditional crypto investment vehicles continues rising. Coinshares sent a proposal for XRP and Litecoin…