Adam Forsyth

$14M WOO X exploit tied to targeted phishing attack

Crypto exchange WOO X reported a security breach on July 24 that resulted in unauthorized withdrawals totaling $14 million across nine user accounts.  Summary WOO X exploit has been linked to a phishing-based attack targeting its dev environment. 9 user accounts were affected; all losses will be reimbursed. The platform remains offline for withdrawals pending…

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Hong Kong Warns Against ‘Stablecoins Craze’ As Two Arrested In $146.5M Laundering Bust

The Hong Kong Monetary Authority (HKMA) has warned against excessive hype around stablecoins and expressed concerns about stablecoin speculation in the market. The concerns have emerged just days before Hong Kong’s stablecoin ordinance, which will come into effect from 1 August 2025.  Calling the ‘stablecoin craze’ an over-conceptualization, HKMA CEO Eddie Yue said, “We need…

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Consensys Slashes Workforce by 7%: Report

Joseph Lubin’s cryptocurrency enterprise has undergone a recent personnel rearrangement, according to recent reports. In the last two years, Consensys has reduced its workforce by 38% amid institutional turmoil, legal battles, and macroeconomic setbacks. Further Restructuring Efforts According to Tuesday’s Bloomberg report, the company behind the MetaMask wallet will reduce its workforce by 7%, or 49…

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2 aim to topple Dogecoin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. LILPEPE and SEI gain ground as investors look beyond Dogecoin to utility-driven meme and altcoin challengers. Summary LILPEPE nears presale close, eyes DOGE dethroning with L2 utility. Little Pepe builds meme-focused Layer-2 to outpace…

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Christie’s launches new unit for real estate deals paid fully in crypto

Key Takeaways Christie’s becomes the first major brokerage to launch a division dedicated to real estate transactions in crypto. Christie’s move aligns with advancing Trump-backed crypto legislation and growing institutional adoption in real estate finance. Share this article Christie’s International Real Estate has launched a crypto-focused division, becoming the first major US brokerage to create…

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