AI-powered summaries of the day's top crypto events
April saw a surge in crypto hacks with losses exceeding $630 million across more than 25 incidents, marking the highest monthly losses since February 2025. The majority of these hacks targeted DeFi platforms, highlighting ongoing vulnerabilities despite recent security enhancements.
A joint operation by the US, UAE, and China led to the dismantling of nine crypto scam centers, with European police arresting ten individuals involved in scams stealing over $58 million globally. This international effort underscores the increasing coordination among nations to combat crypto-related fraud.
Wasabi Protocol suffered a significant security breach resulting in losses exceeding $5 million due to a compromised admin key. The exploit, which affected multiple chains, mirrors a similar incident at Drift earlier this month, raising concerns over the security of admin keys in DeFi projects.
The US Treasury Department announced the seizure of nearly $500 million in crypto assets linked to Iran, surpassing previous reports of $344 million. This action reflects ongoing efforts to curb illicit financial activities involving cryptocurrencies on a global scale.
North Korean state-backed hackers have been linked to 76% of crypto hack losses in 2026, amounting to $577 million stolen in April alone. These activities are part of a broader pattern of cybercrime attributed to North Korea, with total thefts since 2017 reaching $6 billion.
Bitcoin mining company MARA announced its acquisition of Long Ridge, an Ohio-based natural gas plant operator, for $1.5 billion. This move signals MARA's strategic shift towards digital infrastructure, expanding its operations beyond traditional bitcoin mining.
Gemini has secured a Derivatives Clearing Organization (DCO) license from the CFTC, allowing it to expand its offerings in derivatives and prediction markets. This approval positions Gemini to compete in rapidly growing sectors within the crypto industry.