French authorities have detained more than 12 suspects — including minors — in connection with a string of high-profile crypto-related kidnapping attempts that have shaken Paris in recent weeks. The arrests, carried out early on May 27, were led by the Brigade de Répression du Banditisme (BRB), France’s elite anti-gang unit. Coordinated raids took place…
Three months after suffering one of the largest crypto heists in history, blockchain analysis reveals that nearly half of the $1.4 billion stolen from Bybit has disappeared from public view after being processed through advanced crypto-mixing tools. According to updated internal data from Bybit, $644 million of the stolen funds — about 46% — has…
Disgraced FTX founder Sam Bankman-Fried (SBF) is now expected to be released from prison in December 2044, four years earlier than his original 25-year sentence, according to the U.S. Bureau of Prisons (BOP). Originally sentenced in March 2024 for seven counts of fraud and conspiracy, Bankman-Fried’s sentence is being reduced to approximately 21 years, factoring…
A French judicial authority has denied Telegram founder Pavel Durov’s request to travel to Norway, effectively blocking his appearance at the upcoming Oslo Freedom Forum set for Tuesday, May 27. The decision prevents Durov from delivering a high-profile speech on digital surveillance, online freedom, and human rights at one of the world’s most influential gatherings…
The Sui Foundation has announced it will not participate in the upcoming on-chain vote regarding the recovery of $162 million in frozen assets tied to the recent Cetus protocol hack. The vote will determine whether a protocol upgrade should be implemented to restore the funds—without rolling back or reversing the Sui blockchain’s transaction history. Emergency…
Mihailo Bjelic, co-founder of Polygon, has officially announced his departure from the Polygon Foundation board and will also wind down his day-to-day involvement with Polygon Labs, marking a significant leadership shift at one of Ethereum’s most prominent scaling projects. In a statement posted on X on May 23, 2025, Bjelic reflected on Polygon’s evolution from…
Crypto exchange Bybit has partnered with international hedge fund Imrat Group to launch a new product allowing traders to buy global stocks using USDT, the companies announced on Friday, May 23. The initiative brings traditional financial instruments—including U.S. stocks like Apple, Tesla, Nvidia, and Amazon—directly to crypto users without the need to convert digital assets…
Kazakhstan is moving to formally regulate its domestic crypto industry by licensing crypto exchanges that offer crypto-to-fiat conversion services, a major step toward legitimizing digital asset platforms under national law. According to Yerlan Ashykbekov, head of the National Bank’s payment systems department, these changes will introduce a new category of licensed service providers operating under…
Bitcoin-focused firm Strategy has announced plans to raise up to $2.1 billion through a Series A Perpetual Preferred Stock offering, reinforcing its commitment to expanding its already massive Bitcoin treasury. The preferred shares, which will pay a 10% annual dividend, will be issued gradually through “at-the-market” offerings under SEC Rule 415(a)(4). This method allows the…
A UK appellate judge has upheld a tribunal’s decision to strike out a key damages argument in the high-profile BSV Claims Ltd v. Binance and Kraken case, dealing a significant blow to the $13.3 billion class action launched on behalf of BSV investors. The court rejected the central claim that Bitcoin SV (BSV) could have…