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Why wrench attacks have become a leading source of violent crypto-related crime
In January 2025, French authorities released Ledger co-founder David Balland after kidnappers allegedly demanded a significant cryptocurrency ransom, highlighting how digital assets can fuel coercive, real-world crimes. Wrench attacks, where criminals use threats or violence to force victims to unlock wallets or authorize transfers, appear to be rising alongside total crypto market capitalization and the growth of visible on-chain wealth. Public-facing founders, influencers and OTC or P2P traders in regions such as Western Europe and parts of Asia-Pacific are described as especially exposed, prompting calls to reduce personal visibility, limit instantly accessible balances and treat data leaks and support impersonation as part of the same threat landscape.
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Indian Agencies Probe Alleged "Crypto Hawala" Network Funding Terror in Jammu and Kashmir
Indian security officials said on Sunday that a sophisticated "crypto hawala" network is allegedly channeling funds to support terrorist activities in Jammu and Kashmir. The operation reportedly uses mule bank accounts, private crypto wallets and unregulated P2P traders, while foreign handlers from multiple countries rely on VPNs and avoid KYC checks. Authorities warn the scheme bypasses India's FIU registration rules for Virtual Digital Asset Service Providers and could strengthen separatist elements in the region.
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hace 2d
X Sets Record 2025 Creator Payouts and $1M Prize for Top U.S. Article
X reported record creator payouts at the end of 2025 under its "Year of the Creator" plan, centered on written content and higher revenue sharing. The platform will grant a $1 million reward to the single highest-earning U.S. article published between January 16 and 28, requiring at least 1,000 words of original writing. Elon Musk positioned this as a strategic push to boost high-impact creator work, though observers note ongoing questions about the long-term sustainability of such incentives.
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Security leaders say nearly 80% of hacked crypto projects never recover
Industry security leaders warn that close to 80% of crypto projects hit by major exploits fail to regain stability, with the outcome hinging on how teams act in the first hours. Immunefi CEO Mitchell Amador and Kerberus' Alex Katz argue that operational breakdowns and trust erosion, not just stolen funds, drive long-term damage. In 2025, reported hack-related losses reached $3.4 billion, and a single Bybit incident accounted for $1.4 billion.
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hace 2d
Brian Armstrong Says White House Talks on U.S. Crypto Market Bill Remain Constructive
Coinbase CEO Brian Armstrong said on X that White House negotiations over a U.S. crypto market structure bill remain "super constructive" and that officials asked the exchange to explore a deal with banks. Earlier this week, journalist Eleanor Terrett reported the administration could pull support after Coinbase paused talks, a claim Armstrong disputed while emphasizing work on ideas for community banks.
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