Who Is Behind Nobitex? A Reuters investigation has identified the founders of Nobitex, Iran’s dominant crypto exchange, as brothers Ali and Mohammad Kharrazi, members of one of the country’s most politically connected families. The report said the brothers registered the company in 2018 using an alternative surname in corporate filings and public materials. According to
What is behind the senators’ concerns? Democratic Senators Elizabeth Warren and Ron Wyden are pressing stablecoin issuer Tether and Commerce Secretary Howard Lutnick over a reported loan made to a family trust linked to Lutnick’s children. The senators are concerned that Tether’s involvement in the loan could raise questions about possible conflicts of interest and
How Did CoinShares Perform Financially in 2025? CoinShares reported full-year revenue of $165.7 million in 2025, according to its first annual report since listing in the United States. The firm’s asset management business generated $126.4 million in revenue, up 13% from $111.7 million in 2024. The company manages $7.4 billion in assets, positioning it among
What Is the Proposal to Unfreeze the Funds? A proposal to release roughly $71 million in Ether frozen after the Kelp DAO exploit has moved to a governance vote on Arbitrum, as decentralized finance protocols attempt to limit the fallout from one of the largest incidents of the year. The proposal, co-authored by Aave Labs,
More than 500 Ethereum wallets, many inactive for years, were drained in a coordinated attack that resulted in approximately $800,000 in losses, with stolen funds subsequently laundered through cross-chain protocol ThorChain, according to on-chain investigators. The incident stands out due to the age of the affected wallets, with some having remained inactive for up to
What was the result of the international crackdown on crypto scams? Last week, a Dubai police-led international operation resulted in the arrest of 276 individuals and the closure of at least nine crypto scam centers, according to a statement from the US Department of Justice. The coordinated action involved collaboration between Dubai authorities, the FBI,
What were the key takeaways from Tether’s Q1 report? Stablecoin issuer Tether announced a profit of $1.04 billion for the first quarter of 2026, marking a strong performance despite a slight decline compared to its annual profit of over $10 billion in 2025. Tether’s Q1 report, prepared by global accounting firm BDO, highlighted a significant
Bullish has announced that it expanded its partnership with Ripple, extending access to its Bitcoin options markets to users of Ripple Prime, the firm’s multi-asset prime brokerage platform. The integration gives institutional clients on Ripple Prime direct access to Bullish’s regulated BTC options, adding to existing connectivity for spot, perpetuals, and dated futures trading. The
How did the Wasabi Protocol exploit unfold? Decentralized derivatives platform Wasabi Protocol has been exploited for more than $5 million in a coordinated attack spanning multiple blockchain networks, including Ethereum, Base, Berachain, and Blast, according to several blockchain security firms. Security researchers including PeckShield, Blockaid, and CertiK reported that the breach was not caused by
What are the charges against Delio’s CEO? South Korean prosecutors have requested a 20-year prison sentence for Jeong Sang-ho, CEO of crypto asset deposit platform Delio, over allegations tied to the misappropriation of digital assets valued at around 250 billion won ($168.5 million). The request was made during closing arguments at the Seoul Southern District