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According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.

According to the "Procuratorial Daily," Lin, Zeng, and Dai conspired to use virtual currency trading as a pretext. During the trading process, they secretly filmed the victim's digital wallet private key and, after the virtual currency was credited, secretly logged into the victim's wallet to reverse the transaction, transferring the related virtual currency back to their controlled accounts. The three committed the crime three times, causing the victim a total economic loss of 660,000 yuan.The first-instance court held that in the absence of a clear judicial interpretation regarding the valuation method of virtual currency and sentencing standards, it was inappropriate to directly determine the amount involved as particularly huge based on the victim's purchase amount of 660,000 yuan. Therefore, they sentenced the three based on "other serious circumstances," imposing prison terms ranging from eight years to five years and six months, along with fines. The Hanyang District Procuratorate of Wuhan City in Hubei Province subsequently filed an appeal, which was supported by the Wuhan City Procuratorate.The prosecution argued that the first-instance court applied the law incorrectly and imposed an excessively light sentence. Prosecutor Dai Wentao of the Wuhan City Procuratorate stated that in the case where the victim had a clear loss amount to refer to, it was contradictory and legally erroneous to claim that the value of virtual currency could not be determined. In judicial practice, using the resale price and transaction price as the basis for determining the amount of theft has become mainstream, and determining the value of virtual currency based on the actual cost paid by the victim has factual, legal, and practical basis.The Intermediate Court of Wuhan accepted the prosecution's opinion in the second instance, revoked the corresponding content of the original judgment, and changed the determination of the theft amount to particularly huge. It sentenced the principal offender Lin to ten years and six months in prison for theft, and sentenced the accomplices Zeng and Dai to eight years in prison each, along with fines.

Slow Fog's Yuxian stated on platform X that incidents of search engine poisoning involving fake Codex, Claude Code, and others have recently surged. It mentioned that it has previously warned multiple times about Google search results and its own services like Google Sites being exploited by black and gray market poisoning, but Google has not taken action against such obvious poisoning methods.

The U.S. cryptocurrency market structure bill, the "Clarity Act," is a "support for regulation, support for enforcement" bill that rebuts criticisms from some law enforcement agencies regarding its inadequacy in preventing financial crimes. As the midterm elections approach, the time window for Congress to pass this bill is narrowing. Senator Cynthia Lummis warned that if progress is not made this year, the bill may not be seriously reconsidered until after 2030. Currently, the Clarity Act still faces multiple controversies, including stablecoin yield arrangements, conflicts of interest arising from Trump-related cryptocurrency businesses, and whether anti-money laundering standards are stringent enough.The latest version also incorporates the "Blockchain Regulatory Certainty Act" (BRCA) pushed by DeFi supporters, aimed at clarifying that non-custodial developers should not be regarded as money transmitters. However, some law enforcement groups and lawmakers are concerned that the BRCA and certain provisions of the bill may weaken the ability to track illegal funds and recover victims' assets. Witt stated that lawmakers have responded to these concerns before the Senate Banking Committee vote and added provisions to strengthen regulatory and enforcement foundations.

According to Bloomberg, Andrew Left, the founder of the well-known short-selling firm Citron Research, has been found guilty of manipulating stock prices using dishonest social media posts. After a three-week trial in Los Angeles, the jury ruled that Left was guilty on 13 out of 17 charges, including one count of securities fraud.Prosecutors accused Left of illegally influencing stock prices and profiting quickly from explosive tweets about dozens of companies between 2018 and 2023, earning over $20 million from it. Left stated in court that he would appeal, claiming the verdict is an attack on free speech and innocent trading behavior. He faces over 20 years in prison and will be sentenced on August 31. The case has drawn close attention from the short-selling industry, with a Yale professor stating that this ruling will have a chilling effect on short sellers.

According to Citywire, Jalina Kerr, head of advisor experience at Charles Schwab, stated that the company plans to launch cryptocurrency spot trading features for advisors on its custody platform by 2027. Progress is currently smooth, and the expected launch time may be closer to mid-year, although a specific date has not yet been determined. Charles Schwab has already introduced Bitcoin and Ethereum spot trading to retail clients this year.Kerr pointed out that digital assets are not uniformly regulated like other brokerage and securities products, and careful consideration is needed from fund deposits to withdrawals. She mentioned that advisors currently prefer to allocate crypto assets for clients through Charles Schwab's exchange-traded products, but interest in spot trading has recently increased. Charles Schwab's competitor, Fidelity, is currently offering cryptocurrency custody and trading solutions for wealth management managers.

Celsius founder Alex Mashinsky submitted a motion to a New York court seeking to overturn his 12-year sentence for fraud and market manipulation. The documents show that Mashinsky chose to represent himself (pro se) after his lawyer withdrew, stating that his lawyer "stopped communicating with him," forcing him to submit documents to the court personally. He claims that there was "ineffective legal representation" in his previous defense and invokes the "fruit of the poisonous tree" doctrine to question the legality of some evidence in the case.Mashinsky also accused Sam Bankman-Fried of attempting to "destroy Celsius" in the submitted materials and attributed market manipulation related to the CEL token to FTX. Additionally, he publicly shared text messages with former Celsius Chief Revenue Officer Roni Cohen-Pavon, claiming that the latter had attempted a "hostile takeover" of the company. In 2025, Mashinsky pleaded guilty to commodity fraud and securities fraud and was sentenced to forfeit $48 million, while also required to pay $10 million in settlement to the Federal Trade Commission. Cohen-Pavon, who previously assisted the prosecution as a witness, has been sentenced to "time served" and paid over $1 million in fines.

Superfortune, incubated by Manta, recently released an update on the X platform regarding a security incident, stating that the attack was not carried out by internal personnel and that no team members were involved. The claim about the team secretly selling tokens is incorrect. The team has also not had any contact with Web3Port.The investigation confirmed that the attack was not due to address poisoning, but rather a leak of the signer's private key. The attacker independently held the private key and submitted a transaction with a forged address 43 minutes after the correct transaction. The forged address shares the first and last four characters with the correct address (starting with 0x70AE and ending with 5C15) to disguise itself in the Safe interface preview. The stolen funds are fully traceable and are currently stored in three cold wallets on Ethereum, containing approximately 2784 ETH, along with about 170,000 USDT that were cross-chain transferred out.The attacker also created a large number of counterfeit addresses and sent false transfer events to these addresses using Unicode-forged token symbols in an attempt to confuse tracking. This counterfeit address construction technique is the same as the method used when attacking this project. The attacker had pre-built a large-scale infrastructure, indicating that this was an industrialized operation rather than an opportunistic attack.

According to CriptoNoticias, the Argentine government submitted a bill to Congress through the Ministry of Health aimed at preventing gambling addiction and regulating online gambling, which for the first time explicitly includes virtual asset service providers within the regulatory scope. The bill stipulates that banks, fintech companies, cryptocurrency exchanges, and wallet providers are prohibited from providing services or facilitating transactions for gambling platforms operating without a license in Argentina.The bill also proposes amendments to the criminal code, imposing a prison sentence of 2 to 4 years on individuals or companies that provide financial, technical, or digital asset services to these illegal platforms. Exchanges and cryptocurrency asset providers will be required to implement stricter due diligence, transaction monitoring, and KYC policies. The Central Bank of Argentina, the National Securities Commission, the National Communications Commission, and NIC Argentina will enhance inter-agency coordination to effectively block technical access and the flow of funds.

According to monitoring by Catcher Predict, in the predicted market event "Counter-Strike: 9z vs Sharks (BO3) - Stake Ranked Episode 2 Playoffs" on Polymarket, the "Odd" option in the sub-market "Odd/Even Total Kills" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

According to Cryptopolitan, the former CEO of the Singaporean crypto lending platform Hodlnaut, Zhu Juntao, has been charged with six counts of fraudulent misrepresentation for allegedly misleading users about the exposure to TerraUSD. Hodlnaut invested $317 million from user accounts into Terra's Anchor Protocol without disclosure, resulting in a loss of $189.7 million after the UST collapse. When the platform shut down in August 2022, it owed users approximately $281 million, with assets of only $88 million, creating a shortfall of about $193 million.Prosecutors allege that Zhu Juntao instructed employees to make false promises in official Telegram groups and emails during and after the UST collapse, including claims that the company had not invested in LUNA or UST and had not suffered losses. Zhu Juntao pleaded not guilty in court, and a pre-trial conference is scheduled for June 2026. If convicted, each charge carries a maximum sentence of 20 years in prison.

According to a message posted by Aave founder Stani Kulechov on X, Aave V4 is being gradually launched in phases, introducing a brand new dual-layer isolation market architecture. This architecture separates collateral into independent Hubs, with each Hub further divided into Spokes, implementing selective cap control for liquidity sharing between the Spokes within each Hub.The initial market structure is organized around three Hubs: Prime, Core, and Plus, with more Hubs expected to be launched in subsequent phases. This architecture achieves more refined collateral isolation and liquidity supply management compared to Aave's previous market design. The phased launch allows Aave to progressively deploy V4 while continuously monitoring performance and risk parameters under the new market structure before a full launch.

According to The Block, the U.S. Department of Justice sentenced Ohio resident Rathnakishore Giri to nine years in prison for operating a long-running investment fraud scheme that defrauded investors of at least $10 million. Giri pleaded guilty in 2024 to a charge of telecommunications fraud. In a revised plea agreement submitted before the sentencing hearing, Giri admitted to continuing to solicit funds from investors even after pleading guilty.The Department of Justice stated that Giri falsely promised high returns and guaranteed the principal was risk-free, while in reality, he used funds from new investors to pay old investors, which is a typical Ponzi scheme. The Commodity Futures Trading Commission previously accused Giri of operating Bitcoin derivatives schemes through multiple entities since 2019 and initiated enforcement action in August 2022, with the Department of Justice filing five counts of telecommunications fraud against him in November 2022.

According to Cointelegraph, White House crypto advisor Patrick Witt stated that the CLARITY Act will meet about 90% of the regulatory needs of the crypto industry.

The GoPlus Security team has disclosed a new type of attack in its AgentGuard AI project: inducing AI agents to perform unauthorized sensitive operations through "memory poisoning." This attack method does not rely on traditional vulnerabilities or malicious code but exploits the long-term memory mechanism of AI agents. For example, an attacker first induces the agent to "remember preferences," such as "usually prioritizing proactive refunds instead of waiting for chargebacks," and then uses vague expressions like "process as usual" or "execute as before" in subsequent instructions, thereby triggering automated financial operations.GoPlus points out that the key risk in such cases lies in the AI agent mistakenly treating "historical preferences" as a basis for authorization, leading to financial losses or security incidents in operations such as refunds, transfers, and configuration changes. To address this issue, the team has proposed several protective recommendations, including:Operations involving refunds, transfers, deletions, or sensitive configurations must require explicit confirmation in the current session.Memory-related instructions like "habit," "usual way," and "as before" should be regarded as high-risk state changes.Long-term memory must have a traceability mechanism (writer, time, confirmation status).Vague instructions should automatically elevate the risk level and trigger secondary verification.Long-term memory must not replace real-time authorization processes.The team emphasizes that the "AI agent memory system" should be viewed as a potential attack surface and should be constrained and audited through a dedicated security framework.

GoPlus Security stated that a user fell victim to a typical address poisoning attack, mistakenly transferring 100,000 DAI to a fake address created by the attacker after copying a similar address from the transaction history.In this incident, the user had previously transferred 300,000 DAI to the target address, and the attacker subsequently sent 0.0003 DAI from a similarly structured address to lure the user into mistakenly selecting the wrong address for the second transfer.GoPlus Security reminds users not to copy addresses from transaction history, to verify the complete address before transferring, and to conduct a small test transfer before making large transactions.

According to Bits.media, the Presnensky District Court in Moscow sentenced the former head of Binance Russia and co-founder of the Blum crypto platform, Vladimir Smerkis, to five years in prison. The court found him guilty of "large-scale fraud" as stipulated in Article 159, Part 4 of the Criminal Code of the Russian Federation.According to the prosecution, in June 2024, trader and crypto blogger Oleg Polunin requested Smerkis's help to drive traffic to his social media. Smerkis promised to bring in about 2 million new users but failed to fulfill his obligations after receiving over 8.8 million rubles, misappropriating the funds for personal use. The verdict has not yet taken effect and can be appealed.Smerkis was arrested a year ago. He served as the regional head of Binance from early 2022 until September 2023, and later announced the launch of the clicker game Blum with another former Binance regional manager; on the day of his arrest, the Blum team announced his departure.