Exchange Risk

According to a Global Ledger investigation published in April 2026, Grinex, a sanctioned cryptocurrency exchange operating out of Kyrgyzstan, was drained of approximately $13.7 million and immediately suspended operations. Grinex had emerged in March 2025 as an apparent successor to Garantex, a

According to Gazeta Wyborcza citing Poland's Internal Security Agency (ABW), Zondacrypto, one of Central and Eastern Europe's largest crypto exchanges, halted withdrawals this month after being revealed as controlled by Russia's Tambov crime syndicate since 2018. The platform's reserves reportedly d

According to Yonhap News Agency, South Korean prosecutors on April 30 sought a 20-year prison sentence for Delio CEO Chung Sang-ho over allegations of defrauding approximately 2,800 victims of about 250 billion won ($190 million) in virtual assets. The crypto lending platform suspended withdrawals o

Dozens of Chinese citizens protested outside the National Bank of Cambodia in Phnom Penh, demanding that the funds in Huikang Pay’s payment accounts be unfrozen. The protest escalated into physical clashes, resulting in injuries. Huikang Pay is linked to cross-border scam and money laundering, and Cambodia’s central bank revoked its license and froze its accounts on a large scale. China accuses former chairman Li Xiong of being the core figure behind the syndicate, with ties to the Taizi Group. The crackdown actions have also simultaneously highlighted the funding risks faced by legitimate users and the lengthy legal procedures.

According to an FTC filing on Tuesday (April 28), the Federal Trade Commission entered a $4.7 billion judgment against former Celsius CEO Alex Mashinsky, with most of the amount suspended. Mashinsky is required to pay $10 million unless he failed to disclose material assets or made misstatements

According to Bitcoin.pl, customer data from failed Polish exchange Zondacrypto has been offered for sale on the darknet, with two packages available. The smaller package, containing email addresses and basic identification data, is priced at approximately 550 euros, while the larger set—including

According to ChainCatcher, Celsius founder Alex Mashinsky agreed to settle with the U.S. Federal Trade Commission (FTC) on April 29, paying $10 million and facing a permanent ban on promoting, marketing, or distributing any products or services related to asset deposits, exchanges, investments, or w

According to CertiK, Syndicate's Commons bridge—the Ethereum infrastructure platform's official cross-chain bridge—suffered an exploit on Wednesday (April 29), resulting in at least $330,000 in losses. The attacker acquired approximately 18.5 million SYND tokens and sold them for about $330,000, whi

Gate News message, April 29 — Forbes published a critical report on American Bitcoin, the company led by Eric Trump, alleging it functions as an arbitrage tool exploiting MAGA investor sentiment rather than a legitimate "money printing machine" as promoted. According to Forbes, the company uses

Gate News message, April 29 — Bitcoin lending protocol Tropykus announced a phased shutdown of its current version, with deposit and borrowing functions to be permanently discontinued. Users can withdraw funds and repay loans until July 27, 2026, after which interactions will only be supported

Standard Chartered said the decentralized finance ecosystem has taken a hard hit from the KelpDAO rsETH exploit on April 18, but ultimately not a fatal one. In a note titled "DeFi – Bent, not broken," Geoffrey Kendrick, the bank's global head of digital assets research, said the theft of $292 millio

Gate News message, April 28 — Security researchers have identified 73 malicious extensions planted by GlassWorm malware in OpenVSX's registry, with six already activated to steal developers' cryptocurrency wallets and credentials. The extensions were uploaded as fake copies of legitimate listings, w

Layer 1 network ZetaChain has paused cross-chain transactions on its mainnet after identifying an attack on its GatewayEVM contract, according to The Block. The incident impacted only internal ZetaChain team wallets, with no user funds affected, the team stated. According to DefiLlama data, $300,000

Gate News message, April 28 — Monad's official Twitter account has been frozen, according to X platform data. The team and X have not issued official statements explaining the reason for the suspension. The freeze comes as X has been conducting a large-scale cleanup across the Crypto and Web3 space

Gate News message, April 28 — On-chain detective ZachXBT alleged that WorldCoin (now World), a company founded by Sam Altman, launched WLD tokens with low circulation and high valuation, mirroring the model used by SBF and FTX. According to ZachXBT, the company distributed small amounts of WLD to us

Gate News message, April 28 — Layer 1 network ZetaChain paused cross-chain transactions on its mainnet after identifying an attack on the GatewayEVM contract, a smart contract serving as a unified entry point for cross-chain interactions between external EVM-compatible chains and ZetaChain applicati

DeFi once attracted young people with five-figure APY rates, but it is now seen as overpriced and carrying too much risk. Over the past year, more than $1.62 billion has been stolen, and at one point Aave’s interest rate spiked to 12.4%. The fair yield is about 12.55%, with a retail entry threshold of 18%. Institutional players prefer “strategy-isolated vaults” to reduce tail risk. Conclusion: high leverage is no longer in; in the future, we’ll need higher-risk pricing and insurance tools to accommodate both young people and old money.

Gate News message, April 27 — Robinhood alerted users on social media that some customers received fraudulent emails last Sunday evening claiming to be from noreply@robinhood.com with the subject line "Your recent login to Robinhood." The phishing attempt stemmed from misuse of the account

Gate News message, April 27 — Crypto trading platform Websea has suspended withdrawals and closed its C2C (peer-to-peer) channels, with multiple users reporting the exchange appears to have conducted an exit scam. The platform initially restricted withdrawals before completely shutting down the C2C