Blockchain industry analysis and daily news, plus opinions, reports, and platform updates from Adbytes.
Blum Co-Founder Arrested, GENIUS Act Proceeds, Trumps WLFI Integrates Chainlink | Weekly Recap What happens when a high-profile crypto executive is arrested? The crypto world has been buzzing this week with the arrest of Vladimir Smerkis, a former Binance executive and co-founder of the Blum app, on fraud charges. Meanwhile, the U.S. Senate is preparing […]
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Milei Siblings Ghost Court in $4.5M LIBRA Scam Hearing In a dramatic twist, Argentine President Javier Milei and his sister Karina Milei vanished from a crucial court hearing regarding the LIBRA meme coin scandal, leaving the public and investors in shock. Their absence, coupled with a lack of legal representation, has intensified the scrutiny surrounding […]
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$15m Crypto Laundering Operation Busted in Hong Kong Hong Kong authorities have dismantled a sophisticated cross-border cryptocurrency laundering network, arresting 12 individuals and seizing extensive evidence. This operation, processing approximately HK$118 million (US$15 million) in illicit funds, spotlights the growing challenges of crypto-related crimes worldwide. Hong Kong authorities arrest 12 in crypto laundering bust Operation […]
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Russian Authorities Detain Blum Co-Founder on Fraud Charges In a shocking turn of events, Vladimir Smerkis, a former Binance executive and co-founder of the Blum tap-to-earn app, was detained on fraud charges, shaking the foundations of the Blum project. Former Binance executive arrested in Russia Charges stem from alleged fraud at The Token Fund and […]
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Europol Cracks Down on Mafia Crypto Bank: 17 Arrested in Europe-Wide Operation Europol delivered a digital beatdown to a mafia crypto bank, arresting 17 suspects in a multi-country operation that dismantled a network laundering over $23.5 million, primarily for clients in China and the Middle East. Europol arrests 17 in mafia crypto bank takedown Over […]
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South Korean Woman Jailed for Two Years Over $500,000 Crypto Theft $500,000 stolen in crypto and cash Theft in Jeju City, escape to Gumi Repeat offender with fraud history Rising trend of crypto crimes in South Korea In a stunning case of betrayal, a South Korean woman in her 40s was sentenced to two years […]
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Alchemy Acquires DexterLab: A Bold Move to Dominate Solana Infrastructure Alchemy has pulled off a stunning acquisition of DexterLab to turbocharge its Solana ecosystem capabilities. Solana’s transaction volume has soared past Ethereum’s, and this move underscores the critical need for high-performance infrastructure to fuel Solana’s growth. Alchemy acquires DexterLab to enhance Solana ecosystem. Solana’s transaction […]
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Crypto VC Funding Surge: Gnosis Acquires HQ.xyz for $14.95M, Perpl Raises $8.25M Over $73 million was invested in various blockchain projects during the week of May 11-17, 2025, showcasing continued enthusiasm for DeFi, gaming, and other ecosystem-specific initiatives. The most significant deal saw Gnosis, a German Web3 infrastructure firm, acquire HQ.xyz, a Singapore-based on-chain business […]
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Epidemic of Scams on Meta Platforms: A Growing Concern Meta, the parent company of Instagram and Facebook, is grappling with a significant rise in scam activities across its platforms. Labeled as an “epidemic,” these scams are affecting various industries and prompting Meta to explore advanced solutions and partnerships. However, challenges persist, including concerns from financial […]
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AFP Seizes $4.5 Million in Assets from Convicted Hacker Shane Duffy The Australian Federal Police (AFP) have struck a major blow against cybercrime, confiscating $4.5 million in assets from Shane Duffy, a 32-year-old hacker from Queensland. Among the seized items: a luxurious beachfront mansion, a 2019 Mercedes-Benz sedan, and 25 Bitcoins. This case underscores the […]
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