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AI agents could be policing all crypto txs within 5 years — Chainalysis CEO

[Sep 20 4:30 AM] Chainalysis CEO Michael Gronager believes “it’s not much further away” before governments use AI agents to catch onchain crypto wrongdoers.

Animoca's Timeline to Go Public Would Depend on The Market's Status: Yat Siu

[Sep 18 3:26 AM] Animoca Brands is hoping to go public soon but the final decision on the timeline is dependent on a key component, the "market’s status, amongst other" aspects, the Web3 giant’s chairman Yat Siu told CoinDesk in Singapore on Monday.

SEC Fines Prager Metis $1.95M Over Negligent FTX Audits

[Sep 17 7:30 PM] The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto exchange FTX. The case highlights critical oversights…

Liminal Says Grant Thornton Confirms Its Security Amid Wazirx Breach Concerns

[Sep 9 4:20 PM] Grant Thornton’s review of Liminal’s infrastructure revealed no signs of any security breach within its frontend or backend systems, according to Liminal. Following a breach at Wazirx that resulted in the theft of over $230 million, internal…

Elon Musk Agrees to Head Donald Trump’s D.O.G.E. Government Efficiency Commission

[Sep 7 11:30 PM] Former U.S. President Donald Trump has announced a plan to create a government efficiency commission led by Tesla CEO Elon Musk if re-elected president. This commission would conduct a financial and performance audit of the entire federal…

Elon Musk Can’t Wait to Reform US Government Spending and Regulations

[Sep 4 12:30 AM] Tesla CEO Elon Musk has expressed his eagerness to tackle excessive waste and regulations in the U.S. government, responding to a report that former President Trump is considering him for a role in auditing federal agencies. Musk emphasized the…

DeFi protocol removed an important line of code that led to a $212K hack

[Aug 2 4:07 AM] The attack occurred around 3 am UTC on Aug. 1, leading Convergence’s native token CVG to plummet over 99%.

Tether Posts $5.2 Billion Profit in First Half of 2024

[Jul 31 5:30 PM] Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter. The report, conducted by BDO, highlighted Tether’s increased exposure…

Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH

[Jun 8 1:28 PM] On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing the blockchain security firm…

New York's Crypto BitLicense Oversight Criticized by State's Comptroller

[Jan 9 11:07 AM] The New York Department of Financial Services (DFS) is drawing some internal heat over whether it's doing a good job overseeing crypto activity through its BitLicense program, according to a review from New York State Comptroller Thomas DiNapoli.

Palau’s Stablecoin Audit Process Advances

[Aug 25, 2023 4:30 AM] Palau’s Ripple-backed stablecoin pilot audit process is advancing, with the Ministry of Finance collaborating with auditors and turning in more than 200 documents for review. Jay Hunter Anson, a Palau Ministry of Finance member, explained he…

TrueUSD’s Reserves Were Attested by Former FTX.US Accounting Team

[Jun 27, 2023 11:49 PM] Armanino’s digital asset team rebranded itself to The Network Firm, as CoinDesk reported, to continue performing audits and attestations after the collapse of FTX.

ChatGPT can’t beat human smart contract auditors yet: OpenZeppelin’s Ethernaut challenges

[Jun 1, 2023 8:10 AM] While ChatGPT-4 can’t compete with human auditors yet, OpenZeppelin noted it was not optimized to do so, and AI models trained for this purpose would likely be more accurate.

Multiple US state regulators allege AI trading DApp is a Ponzi scheme

[Apr 4, 2023 8:34 PM] The scheme allegedly claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could.

Euler Finance hacked despite 10 audits in 2 years, says CEO

[Mar 17, 2023 12:25 AM] Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son.

'There will be many more zeros' — Kevin O'Leary on FTX-like collapses to come

[Jan 17, 2023 8:09 PM] The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so.

USDC transfer volume hit 5X USDT's in fallout from FTX collapse

[Jan 11, 2023 12:16 AM] Although it has a much smaller market cap, on-chain data shows that USDC has a much greater transfer volume compared to its main competitor USDT.

Be ‘very wary’ of crypto proof-of-reserve audits: SEC official

[Dec 23, 2022 12:04 AM] SEC’s acting chief accountant Paul Munter said that investors shouldn't place too much confidence in a company holding up a proof-of-reserves audit.

$16K retest the most likely path for Bitcoin, according to 2 derivative metrics

[Dec 19, 2022 3:48 PM] Top traders' long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction.

Total crypto market cap takes another hit, but traders remain neutral

[Dec 16, 2022 1:42 PM] The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts.

Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group

[Dec 9, 2022 6:30 PM] This week two cryptocurrency exchanges provided proof-of-reserves in order to highlight that the trading platforms are backing customer assets 1:1. Binance published its report on Dec. 7, 2022, and detailed the global auditor Mazars Group conducted…