Headlines

Adam Forsyth

Brazil police seize $1B in assets in crypto-linked drug laundering case

Brazil has launched a nationwide operation targeting an alleged transnational drug trafficking and money laundering network that investigators say used crypto brokers, shell companies and luxury assets to conceal up to R$1 billion in illicit proceeds. Summary Brazil has launched a nationwide operation targeting an alleged drug trafficking and money laundering network that investigators say…

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KB Kookmin Bank taps Kinexys. Why is the partnership significant for blockchain payments?

KB Kookmin Bank has expanded its blockchain strategy by preparing to launch a Kinexys-powered cross-border corporate payment service next month, becoming the first South Korean bank to use J.P. Morgan’s blockchain payment network for trade settlements. Summary KB Kookmin Bank plans to launch South Korea’s first Kinexys powered blockchain payment service for corporate trade settlements…

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Ripple (XRP) News and Price Update: July 27

Ripple expanded its stablecoin infrastructure as XRP ETFs reached a new milestone, while the token struggled to hold its latest recovery. Ripple and the wider XRP ecosystem saw several noteworthy developments over the past few days. These included, but are not limited to, a new institutional platform for the RLUSD stablecoin, an investment in…

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WEMIX freezes bridges after owner-key breach mints 5.23M WEMIX$

WEMIX confirmed that an attacker took control of owner privileges linked to its WEMIX$ stablecoin contract on July 26. Summary Compromised owner privileges allowed an attacker to mint approximately 5.23 million new WEMIX$ without authorization. WEMIX suspended bridges, liquidity pools and related services while exchanges traced and froze suspect funds. The incident follows WEMIX’s 2025…

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Binance tests staff monthly with fake phishing attacks

Binance runs simulated phishing attacks against its employees every month to reduce social engineering risks.  Summary Binance runs monthly phishing simulations to measure employee awareness and identify weak security habits early. Workers who fail receive training, while repeated severe failures can lower ratings and risk dismissal. Recruiter lures and fake conference invitations mirror scams already…

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