Exchange Risk

A fake Ledger app on Apple's App Store deceived musician Garrett Dutton into losing 5.9 BTC by entering his seed phrase. This case highlights ongoing wallet scams and the exploitation of trust, as the stolen bitcoin was laundered through KuCoin.

OdinTai推出OwlPay和Wallet Pro服务，专注于B2B跨境支付，结合稳定币技术与国际金融系统，展现其金融科技转型。通过与MoneyGram合作，Wallet Pro实现现金购买稳定币的跨国汇款，并在美国市场运作。该公司的境外模式规避了台湾严格的监管，并在新法草案下挑战市场竞争格局，未来将影响本地业者的合规策略。

_Musician G. Love loses 5.9 BTC in fake Ledger app scam, raising serious concerns about crypto security and user awareness worldwide._ A major crypto scam has affected Garrett Dutton, widely known as G. Love. The American singer lost 5.9 Bitcoin valued at almost 420,000. The loss occurred when he t

Author: Jae, PANews Compared with the external pressure of a bear market, Aave has instead seen a “black swan” emerge internally first. Aave, which has long occupied the throne of lending agreements, is now facing the most severe ecosystem shake-up since its founding. There has been no hacker attack, no code vulnerabilities—only power gone out of control and conflicting interests. From BGD Labs, a technical cornerstone, decisively leaving, to a public break between governance pioneer ACI (Aave Chan Initiative), and then to Chaos Labs, the risk-management steward, announcing that it is parting ways— a major “service provider retreat” is unfolding. The depth of this game goes far beyond a mere cooperation dispute; it has triggered

OdinTing launches OwlPay and Wallet Pro services, focusing on B2B cross-border payments. By combining stablecoin technology with international financial systems, it showcases its fintech transformation. Through a partnership with MoneyGram, Wallet Pro enables cross-border transfers of stablecoins purchased with cash and operates in the U.S. market. The company’s offshore model bypasses Taiwan’s strict regulation and challenges the competitive landscape under the new draft law, which will in the future affect local players’ compliance strategies.

Polkadot faced a major security breach where an attacker minted 1B $DOT coins on Ethereum via a 3rd-party bridge, draining over $240,000 in $ETH. This incident highlights ongoing vulnerabilities in cross-chain infrastructure and its impact on market stability.

Justin Sun has exposed that the World Liberty Finance project has backdoor functions in its smart contracts, allowing asset confiscation without notice. This violates decentralization principles, harming investor rights and undermining trust in the blockchain community.

The Bank of Korea has proposed introducing a “circuit breaker mechanism” into the crypto asset market to address market volatility and risk, and believes that existing regulatory measures are insufficient to deal with potential issues in the crypto market. The context for this proposal is a recent system malfunction incident at a certain exchange.

Sun Yuchen publicly accused WLFI of hiding a freezing function in its smart contracts without disclosing it to investors, and criticized its centralized practices as deviating from the principles of decentralized finance. His wallet was added to the blacklist on suspicion of misappropriating funds, causing losses of more than 80 million dollars. Facing multiple pressures such as a sharp collapse in token prices and liquidity risk, WLFI has begun repaying its loans and has promised to roll out a governance proposal.

Ethereum Layer 2 network Scroll saw roughly 139,000 transactions have excess fees of more than $50k because the manual increase in the gas price multiplier led to higher transaction costs than expected. The actual cost was far above the forecast. The incident sparked widespread questions about its subsidy strategy, and Scroll’s TVL also fell sharply to $24 million.

Risk management firm Chaos Labs disclosed that the Trump family’s crypto project WLFI has rapidly expanded its lending volume on Dolomite, with collateral utilization nearing its cap. Currently, WLFI’s collateral size far exceeds the transaction volume of a certain CEX, and the team has already repaid about 10 million USD1, with funds highly concentrated on-chain.

Phantom wallet in Solana’s ecosystem experienced a service outage during the airdrop period, causing abnormal token prices and account balances to be displayed, which affected users’ transactions. Some users suffered losses as a result and are demanding compensation. Security experts warned of phishing attack risks and advised users to verify on-chain data. Although the issue has been resolved, the trust crisis still needs to be monitored. This incident highlights the challenges self-custody wallets face in terms of system stability and user experience.

Due to the Middle East situation, a certain CEX is offering its UAE employees options for temporary relocation to places such as Hong Kong and Tokyo. Although many employees choose to stay in the UAE, the company’s business operations are running normally. This move is intended to provide support for employees. At the same time, the Middle East conflict has affected the schedules of multiple crypto events and exhibitions.

Phantom, a wallet in the Solana ecosystem, experienced a service outage during the airdrop, causing abnormal token prices and account balances to be displayed, which affected user transactions. Some users suffered losses as a result and demanded compensation. Security experts warned of the risk of phishing attacks and advised users to verify on-chain data. Although the issue has been fixed, the trust crisis still needs to be monitored. This incident highlights the challenges of self-custody wallets in terms of system stability and the user experience.

Recently, anonymous individuals claiming to be accountants have made statements online, saying that the draft of Taiwan’s newly passed “Virtual Asset Services Act” will prohibit the circulation of Tether (USDT) and has sparked panic. In response to this claim, Max, editor-in-chief of Crypto City, said the interpretation of the regulations in this statement is overly pessimistic, and emphasized that the purpose of the bill is to establish a compliance framework rather than a comprehensive crackdown. The article calls on the public to stay rational when facing community-driven panic posts, and to choose legitimate providers for crypto trading to avoid fund risks and scams.

A major cryptocurrency exchange’s market value has fallen by more than 50%, it has laid off 30% of its staff, and it is considering asking the founders to forgive several hundred million dollars in loans. It lost $585 million last year, plans to exit multiple markets, and senior executives have stepped down. The Winklevoss brothers have not yet said whether they support the proposal.

Phantom, a wallet in the Solana ecosystem, experienced a service outage during the airdrop, causing abnormal token price and account balance displays and affecting users’ transactions. Some users therefore incurred losses and are demanding compensation. Security experts warn of the risk of phishing attacks and advise users to verify on-chain data. Although the issue has been fixed, the trust crisis still needs to be monitored. This incident highlights the challenges self-custody wallets face in terms of system stability and user experience.

Amid the impact of the Iran war, a certain CEX offered about 1,000 temporary relocation options for its employees in the UAE, including to places such as Hong Kong. Its UAE operations remain normal, and global user services are unaffected. This move is intended to address disruptions to cryptocurrency activities caused by regional conflicts.

Gate News message, April 10, the Jiangsu Securities Regulatory Bureau issued a risk warning. Recently, some illegal intermediaries have used the gimmick of “getting listed on the Hong Kong Stock Exchange by knocking the gong” for a fee, offering services such as fake equity code and website public announcements. The relevant platforms are mostly “fake exchanges,” and they package the fake listing through forged ceremonies. Some companies take advantage of this to sell equity and pre-IPO shares to the public, which may involve illegal fundraising. Regulatory authorities remind investors: verify the qualifications of institutions through the official website of the Hong Kong Securities and Futures Commission, be wary of guaranteed-principal and high-yield promotions, do not transfer funds to individuals’ accounts or non-official platforms, and if you discover any leads, report and file a case promptly.

Stabble, a Solana decentralized exchange, advised users to withdraw liquidity after a former executive was linked to alleged North Korean hacking, causing its total value locked to plummet by 62%. This incident highlighted the importance of personnel trust in decentralized platforms.