abuse

According to Cryptopolitan, the Digital Asset Exchange Alliance (DAXA) in South Korea has introduced new compliance standards requiring exchanges to revoke API keys suspected of being improperly shared among users. The new regulations aim to combat market manipulation, false orders, and other behaviors that exploit shared or leaked API credentials.According to the new guidelines, DAXA member exchanges will take strict measures when suspicious API sharing behavior is detected. After enhanced monitoring and user warnings, users will be required to undergo mandatory re-authentication. Upbit, Bithumb, Coinone, Korbit, and Gopax are all regulated by DAXA, and these exchanges will also implement an IP whitelist system to restrict API access only from approved addresses. The Financial Supervisory Service of Korea stated that automated trading currently accounts for about 30% of domestic cryptocurrency trading volume.

Anthropic has launched an authentication mechanism in some use cases of Claude to prevent abuse, enforce usage policies, and fulfill legal obligations. This process is supported by Persona, requiring users to submit a government-issued photo ID and possibly undergo real-time selfie verification.Anthropic states that the verification data is only used to confirm identity, not for model training, and will not be used for marketing or advertising. If verification fails, users can retry multiple times within the process or submit a form to request manual assistance. Accounts may be banned in cases of repeated violations of usage policies, terms of service, registration from unsupported regions, or use by individuals under 18 years of age.

According to Bloomberg, the lawsuit filed by OpenAI CEO Sam Altman's sister regarding sexual abuse allegations has been dismissed. U.S. District Court Judge Zachary Bluestone in Missouri ruled on Friday that the lawsuit was time-barred due to the allegations being too old and exceeding the statute of limitations. However, the judge also stated that Ann Altman could amend and refile the complaint.Her lawyer Ryan Mahoney stated, "The court's ruling only pertains to procedural issues and does not affect the substance of the allegations themselves." He added that the court has allowed the parties to submit a revised complaint, and the team will complete it as soon as possible and will continue with the planned discovery. Sam Altman's legal representatives declined to comment.

According to on-chain detective ZachXBT, multiple employees of the cryptocurrency trading platform Axiom Exchange have been accused of exploiting internal tool access vulnerabilities to view sensitive user information and track private wallet activities since early 2025, allegedly engaging in insider trading. ZachXBT specifically pointed out that employee Broox Bauer is one of the individuals involved.Axiom was founded by Mist and Cal in 2024 and completed Y Combinator incubation in the winter of 2025, becoming one of the most profitable companies in the field, having generated over $390 million to date. ZachXBT stated that he was hired to investigate the platform's misconduct allegations after receiving reports.

Eric Trump, the second son of Trump, stated on the Full Send podcast that the total supply of Bitcoin is fixed at 21 million coins, which is a "beautiful" design that cannot expand its supply through continuous mining like commodities such as gold. This limitation creates true scarcity, making it a global asset.In addition, he mentioned that Bitcoin is easier to transfer globally compared to gold, and that Bitcoin has no "management," thus there are no issues of corruption, fraud, or abuse.

ChainCatcher news, according to The Block, an Argentine blockchain developer using the alias "Fede's intern" claimed to have been detained in Izmir, Turkey on August 11. It is alleged that the Turkish Ministry of Interior accused him of assisting others in "abusing Ethereum," although specific details of the charges have not been disclosed.The developer stated that he has currently obtained assistance from a legal team and emphasized that his team is only engaged in infrastructure development.It is reported that this developer is associated with the investment firm Lambda Class and the blockchain solutions company Aligned.

ChainCatcher news, according to BeInCrypto, an Ethereum developer known as "Fede the Intern" has been detained in Izmir, Turkey, on suspicion of helping others "abuse" Ethereum. The developer stated in a post on X that authorities accused him of assisting in this activity."Fede the Intern" denies any wrongdoing and emphasizes that he and his team are "just infrastructure builders" and are willing to cooperate with authorities. During his "detention," he intermittently posted updates, stating that he had been moved to a private room and provided with food.He also claimed that arrangements were being made for him to take a private jet out of Turkey to Europe within a few hours. Upon arriving in Europe, he will continue to contest the charges with his legal team.

ChainCatcher message, Musk posted on X that canceling funding support for the enforcement of the federal contempt court order is the core issue of the entire spending bill (the big and beautiful bill). Although this provision ostensibly targets the issue of deportation of illegal immigrants, it clearly also leads to many other abuses of power by the president.

ChainCatcher news, according to official sources, hardware wallet manufacturer Trezor has issued a security warning indicating that attackers are abusing its contact form to send phishing emails disguised as official support replies, luring users into disclosing their wallet backup information.The official statement emphasizes that Trezor will never ask users for their wallet backups, and this information should always remain offline and private. This issue has been contained, but security is an ongoing process, urging users to remain vigilant.

ChainCatcher news, according to TheBlock, Wintermute recently issued a warning that the Ethereum Pectra upgrade may expose users to automated attacks. The EIP-7702 feature (account abstraction improvement) in the Ethereum Pectra upgrade is being maliciously exploited, with over 80% of authorizations being used for automated attacks. Blockchain security company Scam Sniffer recently monitored a user who lost nearly $150,000 due to a phishing attack, where the attacker deployed a copy-paste contract named "CrimeEnjoyor" that can automatically drain wallets with leaked private keys. EIP-7702, proposed by Ethereum founder Vitalik Buterin, aims to enhance user experience by temporarily granting wallets smart contract functionality, including batch processing multiple transactions, sponsoring gas fees, using biometric/social verification, and setting single transaction limits.According to Wintermute's Dune dashboard, the vast majority of EIP-7702 authorizations flow to malicious contracts with similar functions. Security expert Taylor Monahan pointed out that EIP-7702 makes draining addresses "cheaper and easier." Wintermute commented, "It's both absurd and cruel that the same copied bytecode occupies most of the EIP-7702 authorizations."BlockBeats previously reported that SlowMist founder Yu Xian stated that the biggest users of the new Ethereum mechanism EIP-7702 are theft gangs (rather than phishing organizations). EIP-7702 allows for the automatic transfer of funds from wallets with leaked private keys or mnemonic phrases through authorizations, with over 97% of EIP-7702 delegations pointing to theft contracts.

ChainCatcher news, according to Finance Magnates, the European Securities and Markets Authority (ESMA) has released the "Final Guidelines on the Regulation of Market Abuse in Crypto Assets," which will be fully implemented within three months after its publication as part of the MiCA regulatory framework.The guidelines require the regulatory authorities of the 27 EU member states to establish a unified market monitoring system, focusing on preventing three types of violations: insider trading, illegal information disclosure, and market manipulation, with a particular emphasis on strengthening the regulation of false information dissemination on social media, blogs, and other online platforms.The document mandates that Professional Trading Firms (PPAETs) must deploy automated monitoring tools and establish a tiered processing mechanism for Suspicious Transaction Reports (STORs).For cross-border regulation, ESMA explicitly requires national regulatory authorities to share regulatory cases involving non-EU crypto firms and to regularly report to ESMA on cross-border cooperation obstacles. It is noteworthy that the guideline development process did not include a public consultation.ESMA explains that, since Article 125 of the MiCA regulation has already provided clear authorization, and the guidelines are aimed solely at regulatory authorities rather than market participants. National regulatory authorities must submit a compliance commitment letter to ESMA within two months, and if they choose partial exemptions, they must specify the details.

ChainCatcher news, according to reports from Yuyuantan Tian, in recent days, Minister of Commerce Wang Wentao has been in intensive communication with various parties. In these discussions, the topic of how to respond to the U.S. so-called "reciprocal" tariffs has been addressed. Moving forward, China will also communicate with more countries to strengthen cooperation in response to the U.S. imposing so-called "reciprocal" tariffs.China's stance is very clear: whether other countries are countering the U.S. or negotiating with the U.S., it is a matter of national sovereignty for each country, and China has no objections. However, if anyone uses China's interests as a bargaining chip for the U.S., China will never agree.

ChainCatcher message, Sun Yuchen published the "Seven Deadly Sins" of First Digital Trust (FDT) on social media, including: violation of fiduciary duty, misuse of client funds, unlicensed investment activities, fraud or theft, false reporting or concealment of information, violation of anti-money laundering (AML) regulations, violation of Hong Kong POBO regulations. The details are as follows:Crime 1: Violation of Fiduciary DutyAccording to the Hong Kong Trust Ordinance (Chapter 29), trustees must act with care, diligence, and loyalty. Misappropriation of client funds violates Section 4 (reasonable care obligation) and the principles of trust. Clearly, FDT will bear liability for compensation and damages in civil litigation.Crime 2: Misuse of Client FundsThe Securities and Futures (Client Money) Rules (Chapter 571) stipulate that custodial funds must not be used for the custodian's own purposes. Client assets must be held in segregated accounts, and unauthorized withdrawals are strictly prohibited. By transferring TUSD funds to ARIA DMCC without proper authorization, FDT faces enforcement actions, including fines, revocation of licenses, or criminal prosecution.Crime 3: Unlicensed Investment ActivitiesAlthough FDT is registered as a Trust or Company Service Provider (TCSP), it has no SFC license to conduct regulated activities on behalf of clients. Its so-called investment activities involving TUSD assets at ARIA directly violate the provisions of the Securities and Futures Ordinance, which prohibits engaging in regulated activities without a license.Crime 4: Fraud or TheftMisappropriation of funds with the intent to deceive clients constitutes fraud or theft. FDT conspired with accomplices (such as Aria CFF, Truecoin (Alex De Lorraine), Crossbridge/Finaport (Yai Sukonthabhund)) to cover up the misappropriation by falsifying records and claiming to have made false investments.Crime 5: False Reporting or Concealment of InformationTo cover up misappropriation or unauthorized transactions, FDT provided false statements and fraudulent documents, claiming that TUSD funds were intact and invested as instructed. This violates Section 300 of the Securities and Futures Ordinance (using fraudulent or deceptive means in securities transactions).Crime 6: Violation of Anti-Money Laundering (AML) RegulationsBy transferring misappropriated funds through complex transactions or offshore accounts to conceal their source, FDT facilitated and/or constituted a violation of anti-money laundering regulations.Crime 7: Prevention of Bribery Ordinance (POBO)The Prevention of Bribery Ordinance is the primary legislation in Hong Kong governing secret commissions. It criminalizes corrupt transactions, including agents receiving undisclosed benefits or commissions without the principal's consent. FDT/Legacy, under the direction of Vincent Chok, received secret kickbacks from DMCC in exchange for the illegal transfer of TUSD custodial funds.

ChainCatcher news, OKX CEO Star stated regarding the "upgrade of OKX DEX and the suspension of aggregator trading services" that OKX Web3 has launched multiple control measures to combat abuse, including IP blocking for restricted markets and a real-time blacklist address detection and interception system. In the future, OKX will continue to work with global partners to jointly establish industry control standards.Star emphasized that the OKX DEX aggregator does not touch or store user private keys, nor does it hold user funds. All user transactions must be signed and executed using personal private keys. OKX Web3 itself does not have the capability to execute any transactions or trades, playing a role in the blockchain industry similar to that of Chrome and Google in the internet industry, focusing on providing software and services. Many well-known companies also offer similar aggregator services, and OKX Web3 has a greater influence in the industry due to community support.

ChainCatcher message, according to an official announcement, Elon Musk's Department of Government Efficiency DOGE will audit the U.S. Securities and Exchange Commission (SEC) to investigate potential waste, fraud, and abuse.

ChainCatcher message, the U.S. Department of Efficiency (DOGE) posted on X: "We are seeking public assistance. Please send insights on reducing waste, fraud, and abuse, as well as any useful insights or brilliant ideas to the relevant DOGE affiliates (which can be found in the affiliates tab). For example, @DOGE_USDA, @DOGE_SSA, etc. We will add more affiliates over time."

ChainCatcher news, according to Jinshi reports, on January 20 local time, U.S. President Trump signed two executive orders at the White House, directing the Department of Justice and the Office of the Director of National Intelligence to conduct a comprehensive investigation into the Biden administration's "censorship of free speech" and the "weaponization of law enforcement and intelligence agencies."Trump stated that the Biden administration has used public institutions as tools for political struggle, employing federal law enforcement agencies and intelligence departments to investigate, prosecute, and enforce actions against so-called political opponents, and he will retaliate against such actions.

ChainCatcher news, OpenAI CEO Sam Altman's sister Ann Altman filed a lawsuit on Monday, accusing her brother of frequently sexually abusing her from 1997 to 2006.The lawsuit was filed in the U.S. District Court for the Eastern District of Missouri, alleging that the abuse occurred at their home in Clayton, Missouri, starting when Ann was 3 years old and Sam was 12. The lawsuit claims that the abusive behavior "occurred several times a week." It states that "as a direct and proximate result of the aforementioned sexual assault," the plaintiff has experienced "severe emotional distress, mental anguish, and depression, which is expected to continue."Ann has previously publicly accused her brother of sexual abuse on platforms like X, but this is her first time taking him to court. The lawsuit seeks a jury trial and damages exceeding $75,000.In a joint statement with their mother and brother posted on X, Sam Altman denied the allegations.

ChainCatcher news, according to market news, the South Korean prosecution has arrested former Defense Minister Kim Yong-hyun on charges of "inciting rebellion and abuse of power."