‍MIT Brothers on Trial for $25M Ethereum Exploit Two MIT-educated brothers, Anton and James Peraire-Bueno, are facing federal charges including conspiracy, wire fraud, and money laundering in a Manhattan court for an alleged $25 million Ethereum exploit. Prosecutors label the case a "first-of-its-kind" fraud, while the defense argues it was merely a clever strategy within unregulated blockchain space. The alleged MEV exploit occurred in April 2023, exploiting a software flaw to transform victims' $25 million into "effectively worthless, illiquid junk crypto." Prosecutors point to the brothers' search history for terms like "how to wash crypto" as evidence of intent. The defense contends that Ethereum's lack of central authority and regulation means economic incentives, not fraud, guide behavior. They argue no direct communication or "promise" was made to victims, challenging the definition of fraud in a decentralized environment. The trial's outcome could set significant precedents for digital asset manipulation.
Cryptovka
Code as Crime? MIT Brothers on Trial for $25M Ethereum Exploit
The cryptocurrency world is abuzz with a landmark trial unfolding in Manhattan federal court, pitting federal prosecutors against two MIT-educated...
‍Fluence and Nodes.Garden Partner for Decentralized Node Operations Fluence, a cloudless computing platform, has partnered with Nodes.Garden, a Node-as-a-Service platform. Nodes.Garden will utilize Fluence's decentralized compute to operate hundreds of blockchain nodes. This collaboration aims to simplify and reduce the cost of running blockchain nodes at scale, offering an alternative to centralized cloud providers. The integration allows for seamless node management through Nodes.Garden’s interface, leveraging Fluence’s distributed network for reliability and resilience. This move accelerates decentralized compute adoption in Web3.
Cryptovka
Unlocking Scalable Decentralized Node Operations: Fluence & Nodes.Garden Forge Strategic Partnership
Fluence, the leading enterprise-grade, low-cost cloudless computing platform, has announced a significant partnership with Nodes....
‍$1.3 Billion in Bitcoin Moved Amid DOJ's $15 Billion Crypto Fraud Crackdown A significant transfer of nearly $1.3 billion in Bitcoin from a wallet linked to the Chinese mining operation LuBian has occurred. This comes just one day after the U.S. Department of Justice (DOJ) announced its intention to seize $15 billion in Bitcoin, allegedly laundered through entities including LuBian. The DOJ's action targets a Cambodia-based entity, Prince Holding Group, and its founder, Chen Zhi, accused of orchestrating massive crypto fraud. Prosecutors claim illicit proceeds were laundered to fund large-scale crypto mining, implicating companies like LuBian. This potential forfeiture could significantly bolster the U.S. government's digital asset reserves.
Cryptovka
$1.3 Billion Bitcoin Moves Amid DOJ
A significant sum of Bitcoin, nearly $1. 3 billion, recently moved from a wallet linked to the Chinese mining operation LuBian....
‍xMoney Launches $XMN Token on Sui, Aiming for Compliant Web3 Payments xMoney has launched its native token, $XMN, on the Sui blockchain, advancing its goal of creating compliant global payment solutions in Web3. The $XMN token powers the xMoney ecosystem, supporting governance, staking, and rewards. The launch follows a $21.5 million funding round led by the Sui Foundation, highlighting xMoney's hybrid approach to regulatory compliance and blockchain scalability. The company offers a suite of Web3 financial tools, including debit card infrastructure and subscription services, backed by MiCA compliance and PCI DSS Level 1 certification.
Cryptovka
xMoney Launches $XMN on Sui: Paving the Way for Compliant Global Payments in Web3
xMoney, a pioneering force in bridging traditional finance with the decentralized world of Web3, has officially launched its native token, $XMN, on...
‍Crypto Market Receives "Passing Grade" Amidst Historic Liquidation Event Bitwise CIO Matt Hougan described the recent record leveraged wipeout in the crypto market as a "blip" and a demonstration of resilience. Despite significant liquidations, many DeFi platforms operated flawlessly, and damage was "contained to individual investors," with no major institutional collapses. The sell-off, triggered by trade war fears, saw Bitcoin drop nearly 15% and altcoins as much as 40%, liquidating approximately $20 billion in leveraged positions. Hougan attributes this to leveraged traders, not fundamental issues, and anticipates a return to the bull market. Analyst perspectives vary, with some seeing an "orderly market reset" and others pointing to liquidity withdrawal exacerbating the crash.
Cryptovka
Crypto Market Earns "Passing Grade" After Historic Weekend Wipeout
The cryptocurrency market recently endured its largest leveraged wipeout in history, a turbulent weekend that saw significant liquidations across t...
‍Chainwire Earns Eight G2 Accolades for Crypto PR Excellence Chainwire, a crypto-native PR distribution platform, has secured eight badges in G2's Fall 2025 Grid® Reports for Press Release Distribution. With a 4.8/5 rating from 107 verified reviews, the platform demonstrates its commitment to the Web3 ecosystem. Chainwire's expanded services include 25 regional PR packages offering native-language distribution and guaranteed placements. Customers praise the platform for guaranteed same-day publication, multilingual reach, seamless integration with over 100 crypto media outlets, and real-time performance tracking. Nadav Dakner, Founder & CEO, stated, "These badges reflect customers' experience: reliable distribution, clear reporting, and localization." Chainwire has distributed over 9,500 press releases for more than 2,000 companies.
Cryptovka
Chainwire Solidifies Leadership in Crypto PR with Top G2 Accolades
Tel Aviv, Israel – Chainwire, the leading crypto-native PR distribution platform, has once again demonstrated its industry dominance by earning e...
‍$36.5 Million in BNB for Cancer Patients Remains Stalled for 7 Years A Binance Coin (BNB) donation, initially valued at $200,000 in 2018 and now worth $36.5 million, intended for Maltese cancer patients, remains unclaimed due to bureaucratic and legal disputes. The Binance Charity Foundation (BCF) planned direct patient disbursement, but the Malta Community Chest Fund Foundation (MCCFF) refused, citing privacy concerns and the unsuitability of crypto for vulnerable individuals. A court case filed by MCCFF in 2020 is adjourned, leaving the funds in limbo.
Cryptovka
The $36.5 Million Crypto Conundrum: Binance
A significant cryptocurrency donation, originally valued at $200,000 in Binance Coin (BNB) in 2018, has now soared to an astounding $36. 5 million....
‍UK Electoral Commission to Update Crypto Donation Guidance The UK Electoral Commission is updating its guidance on crypto-based political financing following reports of the Reform UK party potentially receiving the country's first major crypto donation. While no party has officially declared a crypto donation, the Commission notes several parties are exploring this avenue and emphasizes that current UK electoral law does not explicitly prohibit them, though stringent rules on donor identity and reporting apply.
Cryptovka
UK Electoral Commission Rushes to Update Crypto Donation Rules as Political Landscape Shifts
The UK
‍Brevis Pico Prism Shatters Ethereum Scaling Limits with ZK Proof Breakthrough Brevis has achieved a monumental leap for Ethereum scaling with its Pico Prism zkVM. It's the world's first to deliver 99.6% proving coverage (sub-12s) and 96.8% real-time proving coverage (sub-10s) for Ethereum mainnet blocks. This innovation makes real-time proving economically viable with a 50% reduction in GPU hardware costs. Pico Prism shifts from redundant re-execution by validators to a single prover generating cryptographic proofs, a core element of Ethereum's scaling strategy. This eases constraints for validators and developers, enabling complex dApps and unlocking near-infinite off-chain computing power while retaining L1 security.
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Ethereum
Brevis, a leading infrastructure company in the zero-knowledge proof space, has announced a monumental leap forward for Ethereum scaling....
‍Zeta Network Group Secures $231M Bitcoin-Backed Investment Zeta Network Group (Nasdaq: ZNB) has announced a private placement securing US$231 million in Bitcoin (BTC) or SolvBTC. This investment will bolster ZNB's digital treasury with a yield-generating, Bitcoin-backed instrument for institutional adoption. The transaction is expected to close on October 16, 2025. SolvBTC, issued by Solv Protocol, is a 1:1 wrapped Bitcoin-backed token fully collateralized with Bitcoin held under regulated custody. This move positions ZNB at the forefront of integrating digital assets into corporate finance frameworks. Patrick Ngan, CIO at Zeta Network Group, stated, "By integrating SolvBTC into our treasury, we're enhancing financial resilience with an instrument that combines Bitcoin’s scarcity with sustainable yield." This partnership aims to establish a framework for tokenized Bitcoin instruments in regulated capital markets.
Cryptovka
Zeta Network Group Secures $231M Bitcoin-Backed Investment, Pioneering Institutional Digital Finance
In a significant move amidst prevailing market turbulence, Zeta Network Group (Nasdaq: ZNB) has announced a strategic private placement, securing a...