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Share link:In this post: An Indian high court has denied the bail petition of a suspect involved in a crypto investment fraud of about $240 million. The court denied him bail because of the severity of the crime and its impact on society. Indian police reveal the modus operandi of the fraudulent group.
Share link:In this post: TRM Labs has revealed that the Embargo ransomware group has moved $34 million in illicit funds since April 2024. The blockchain intelligence firm said the group attacks industries in the critical sector in the United States. The United Kingdom has moved to initiate laws against ransomware payments in the public sector.
Share link:In this post: Indian authorities have warned that the youth demographic of its population is being used to move illegal funds out of the country. Criminal elements are offering innocent youths incentives to use their accounts to move fraudulent funds. Police have arrested about 60 young men as they continue to investigate the growing issue.
Share link:In this post: XRPL EVM launched with big promises but has just $100k in TVL and $3.2k in daily volume. Ripple’s RLUSD stablecoin has a tiny slice of the $271B stablecoin market. Ripple made political and regulatory progress, but its flagship products still haven’t gained real adoption.
Share link:In this post: A California lawsuit seeks to force Microsoft to keep supporting Windows 10 for free until less than 10% of such systems are in circulation. Around 700 million PCs still run Windows 10, including 240 million that cannot upgrade to Windows 11 due to hardware limits. The plaintiff claims that Microsoft’s decision is intended to increase hardware sales and adoption of its AI tools, such as Copilot.
Weekly token unlock wave to add $653 million in new supply, including big moves for Fasttoken, Aptos, Solana, and Dogecoin.
Quick Take Ark Invest, led by Cathie Wood, acquired an additional $19.2 million in Block Inc. stock through three of its ETFs. Block Inc.’s stock closed down 0.49% at $73.03 on Monday, its lowest closing price since July 18.
- 03:57USDC Treasury Burns 55 Million USDC on EthereumAccording to Jinse Finance, on-chain data tracking service Whale Alert has monitored that at around 11:46 AM (GMT+8), the USDC Treasury burned 55,000,000 USDC on the Ethereum blockchain.
- 03:27Solana Co-founder Has Evaded Service of Pump Fun Lawsuit Documents from Burwick Law Nine TimesAccording to Jinse Finance, Solana Labs co-founder Anatoly Yakovenko has successfully evaded service of a lawsuit related to Pump Fun nine times. The lawsuit accuses him of participating in the fraudulent “casino” operations of the meme coin platform. Law firms Burwick Law and Wolf Popper recently filed an amended complaint, naming crypto companies Solana and Jito, as well as several executives, as defendants in the case against Pump Fun. The legal team began serving the complaint to the defendants last week, including Solana Labs and Jito Labs. However, despite multiple “diligent efforts,” they have still been unable to serve Yakovenko, Solana co-founder Raj Gokal, Solana Foundation chair Lily Liu, Jito CEO and COO Lucas Bruder, and Brian Smith.
- 03:23Infinex to Pause Yaprun After Season One to Implement Partial Improvements and Bot NerfsForesight News reports that cross-chain DeFi aggregation platform Infinex has announced it will pause Yaprun after the end of the first season to implement certain improvements and anti-bot measures. Infinex explained, "The fundamental issue Infinex currently faces is that accounts following Infinex updates are overwhelmed by fake interactions. When Kaito's smart fan metric soared to over 100,000 accounts—many of which have questionable authenticity—we realized the system had collapsed. Infinex is more concerned about the 3,000 to 5,000 verified real users whose contributions are crucial to Infinex's narrative. Once Infinex addresses these challenges, the second season will return."