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Authorities have not confirmed the exact amount missing, but a local report put the loss at $47.7 million, possibly stolen after an agency worker clicked a phishing link. The Gwangju District Prosecutors’ Office recently discovered that the Bitcoin it had confiscated in a criminal case and stored as part of an investigation was no longer accessible, according to a report by a South Korean news outlet. It is estimated that the losses are at “hundreds of billions of won,” though the exact figure has not been publicly confirmed. Bitcoin Missing From Government Storage The incident reportedly came to light during…

US prosecutors will not retry their wire fraud and money laundering case against a former manager at the nonfungible token platform OpenSea, following a federal appeals court’s July reversal of the convictions.On Wednesday, prosecutors told a Manhattan federal court that they entered into a one-month deferred prosecution agreement following the appeals court ruling, after which the case will be formally dismissed.In a letter, Manhattan US Attorney Jay Clayton, a former SEC chair, said the decision was made based on Chastain already serving parts of his initial sentence, including three months behind bars, and that he agreed not to contest the…

DAZN’s decision to integrate prediction markets into its US platform through a partnership with Polymarket aims to combine live sports streaming with real-time financial speculation. But there are questions about regulation, competition, and the exposure of younger audiences to betting products.Speaking at the ICE 2026 trade show, DAZN CEO Shay Segev framed prediction markets as a natural extension of fan engagement. He placed DAZN alongside platforms such as Kalshi, Polymarket, and Crypto.com. Yet DAZN’s entry comes at a time when the US prediction market is already crowded and increasingly scrutinized.Licensing first, product laterOne of the clearest unknowns is regulatory status.…

In theory, bitcoin should thrive during times of uncertainty as it’s sound money that’s censorship-resistant. In practice, it’s becoming the first thing investors sell when push comes to shove.As geopolitical tensions flared over the past week, following Trump’s threats of tariffs against NATO allies over Greenland and speculation of potential military action in the Arctic, markets pulled back, and volatility spiked.Since Jan. 18, after Trump first threatened tariffs in his push for Greenland acquisition, bitcoin has lost 6.6% of its value, while gold has moved up 8.6% to new highs near $5,000.The reason lies in how each asset fits into…

As Congress debates crypto market structure legislation, one issue has emerged as especially contentious: whether stablecoins should be allowed to pay yield.On one side, you have banks fighting to protect their traditional hold over consumer deposits that underpin much of the U.S. economy’s credit system. On the other side, crypto industry players are seeking to pass on yield, or “rewards,” to stablecoin holders.On its face, this looks like a narrow question about one niche of the crypto economy. In reality, it goes to the heart of the U.S. financial system. The fight over yield-bearing stablecoins isn’t really about stablecoins. It…

In brief The Ethereum Foundation has created a new Post Quantum team, according to a post from researcher Justin Drake. The effort centers on LeanVM, new developer calls, live post-quantum devnets, and $2 million in prizes. Drake said a full post-quantum roadmap is coming, with the goal of zero fund loss or network downtime. The Ethereum Foundation has officially elevated post-quantum security to a top-tier strategic priority, establishing a dedicated internal team as industry experts warn of accelerating threats from quantum computing.In an announcement posted on X on Friday, Ethereum Foundation researcher Justin Drake unveiled the formation of the Post-Quantum…

Bitcoin has slipped below the $90,000 level as markets react to rising macroeconomic tension between the United States and the European Union, with fresh concerns tied to geopolitical friction around Greenland. The renewed risk-off tone pressured equities and crypto alike, reinforcing Bitcoin’s sensitivity to global headlines when uncertainty spikes and investors reduce exposure across high-beta assets. Related Reading Beyond price action, on-chain data suggests a deeper shift is taking place inside the Bitcoin market. A report by analyst MorenoDV highlights that, for the first time in history, “new whales” now account for a larger share of Bitcoin’s Realized Cap than…

UBS CEO Sergio Ermotti said at Davos this week that Bitcoin needs to overcome the quantum computing threat.Ermotti joins a growing chorus of concerned financiers that includes Jefferies’ head of equity strategy Christopher Wood, who removed Bitcoin from a recommended pension portfolio last week.Bitcoin developers are in denial, crypto venture capitalist Nic Carter told DL News.Bitcoin’s quantum computing threat has reached the upper echelons of finance. And Sergio Ermotti, CEO of $5 trillion Swiss bank UBS, is the latest Wall Street leader to sound the alarm.“The potential effect of quantum computing on the safety of [cryptocurrencies] still needs to be…

The global logistics and supply chain landscape is undergoing a profound transformation as we move into 2026. With the increasing complexity of international trade routes and the rising demand for real-time transparency, businesses are no longer looking for simple tracking dots on a map. The shift toward “Intelligent Telematics” has turned the selection of an OEM GPS Asset Tracker(https://www.yunistech.com/gps-tracker/) into a strategic decision that directly impacts operational resilience and bottom-line profitability. As fleet managers and original equipment manufacturers seek to integrate more sophisticated IoT sensors into their ecosystems, understanding the technical nuances of modern hardware becomes essential for maintaining a…

Layer-1 blockchain protocol Saga has paused its SagaEVM chainlet after it suffered a $7 million exploit that saw unauthorized funds bridged out and converted into Ether.The Saga team announced in an X post on Wednesday that it had paused the Ethereum-compatible chain at block height 6,593,800 in response to the exploit.In a follow-up Medium post, the team said as part of the ongoing investigation, they have found the security incident appears to have “involved a coordinated sequence of contract deployments, cross-chain activity, and subsequent liquidity withdrawals.”“There has been no consensus failure, validator compromise, or signer key leakage. The broader Saga…