AI-powered summaries of the day's top crypto events
Tether has completed a long-promised audit conducted by KPMG U.S., which verified the reserves backing its $180 billion USDT stablecoin. The audit included a detailed examination of Tether's financial statements and confirmed that its reserves exceed its liabilities by $6.8 billion.
A breach at Trezor's shipping provider, ShipMonk, has exposed the personal data of nearly 14,000 customers, including shipping addresses. Trezor assured customers that the breach did not affect hardware devices or private keys, but warned of potential phishing risks.
Jeong Sang-ho, CEO of the centralized finance platform Delio, has been sentenced to 15 years in prison by a South Korean court for embezzling $50 million in digital assets from over 1,100 customers. The sentence is part of broader efforts to crack down on crypto-related fraud in the country.
Starting October, Hawaii will prohibit cash deposits at cryptocurrency ATMs to combat scams that exploit these machines. The ATMs will still allow users to purchase crypto with dollars and swap between cryptocurrencies.