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Binance Co-CEO He Yi posted on X stating, "Zhu Pan once impersonated others to scam me unsuccessfully, and also impersonated me to scam Brother Sun." Tron founder Justin Sun immediately retweeted in response, saying, "This is absolutely true, the industry should collectively resist such fraudulent behavior and bring it to justice."Meanwhile, CoinUp's official statement regarding recent market discussions about the platform and CPX stated that Zhu Pan is not the operator of the CoinUp platform and does not participate in the core operations of the platform; his identity is merely that of a project party for a project launched on the CoinUp platform. Regarding the recent significant short-term price fluctuations of CPX/USDT, CoinUp stated that it is mainly due to concentrated selling pressure from the market, and the specific reasons are currently being investigated and verified. The platform emphasized that after a comprehensive security check, it has not suffered from hacker attacks or system vulnerabilities, and user asset security and account data integrity are intact, with functions such as deposits, withdrawals, and trading operating normally.

According to official news from CoinUp, regarding recent market discussions about CoinUp and CPX, CoinUp stated that Zhu Pan is not the operator of the CoinUp platform and does not participate in the core operations of the platform; his role is solely as a project party for a project launched on the CoinUp platform.CoinUp also expressed gratitude to users, the community, and the media for their attention and supervision of CPX. In response to the recent significant short-term price fluctuations of the CPX/USDT trading pair, the platform previously announced that this fluctuation was mainly due to concentrated selling pressure from the market, and the specific reasons are currently under further investigation and verification, with updates to be provided in a timely manner based on the progress of the investigation.CoinUp emphasized that after a comprehensive security check of the platform, it has not suffered from hacker attacks, data breaches, or system vulnerabilities; the wallet system, account system, and asset custody are all in a secure and controllable state. The platform's recharge, withdrawal, and trading functions are operating normally, user assets are secure, and account data is complete, with no reported losses of user assets.CoinUp stated that it will continue to improve its risk control monitoring mechanisms, maintain market trading order, and advise users to rely on official channel information, view market fluctuations rationally, and pay attention to controlling trading risks.

Zelle operator Early Warning Services announced that India will be the first country for U.S. users to remit money to overseas friends and family through Zelle, with the service expected to launch by the end of this year. The company also introduced its own dollar-backed stablecoin ZelleUSD (ZLUSD) to support future international payment capabilities in other markets, with more details to be announced in the coming months. Early Warning Services is jointly owned by seven U.S. financial institutions, including Bank of America, JPMorgan Chase, and Wells Fargo.

THORChain has released its fourth update regarding the attack incident on May 15, and the proposal ADR028 has been announced, with voting for node operators now open.According to the recovery plan, the protocol will first absorb losses through its own liquidity, with the remaining portion to be shared by synthetic asset holders; the specific distribution ratio of the two is still under evaluation. The protocol's own liquidity will be reduced to zero, and will be gradually replenished through system revenue. This plan will not issue or sell RUNE, nor will it dilute any holders.On the technical side, GG20 will be temporarily retained and has completed patch upgrades. Trading will resume after the vulnerabilities are fixed and node rotation is successfully conducted, with a future release pace that is slower and more security-conscious. Innocent nodes located in the same vault as the attacker will be protected, while the attacker nodes will be fully confiscated. The recovered RUNE will be paired with the recovered assets, and any excess will be destroyed.The protocol also offers a white hat bounty to the attacker to recover funds; if some are returned, the recovery plan will be adjusted proportionally. THORChain remains neutral and permissionless, and there will be no review of the attacker's Swap transactions after trading resumes. Node operators are currently voting on the proposal direction, and the numbers in the ADR are only indicative, with adjustments to be made through Mimir later.

According to Cointelegraph, Missouri Attorney General Catherine Hanaway has filed a lawsuit against cryptocurrency ATM operator CoinFlip, accusing it of "deliberately facilitating fraudulent transactions and profiting from them."The lawsuit claims that these fraudulent activities target "seniors and veterans" in the state, requesting the court to declare that CoinFlip violated the Missouri Merchandising Practices Act, prohibiting it from operating in Missouri, and imposing a $1,000 fine for each violation over the past five years, up to a maximum of $1.826 million, while also seeking restitution for consumers. CoinFlip operates 136 crypto machines in Missouri and 4,229 nationwide. Previously, Bitcoin Depot filed for Chapter 11 bankruptcy due to facing lawsuits and regulatory pressure.

According to The Block, Nasdaq-listed Bitcoin ATM operator Bitcoin Depot has filed for Chapter 11 bankruptcy in the Southern District of Texas to gradually shut down operations. CEO Alex Holmes stated that changes in the regulatory environment have made the current business model unsustainable, with states implementing stricter compliance obligations, including new transaction limits, and some jurisdictions even directly restricting or banning Bitcoin ATM operations.In April, the company experienced a security breach that resulted in the theft of $3.7 million. Last week, the company stated that there were "significant deficiencies" in cash transportation reconciliation, preventing timely delivery of the first-quarter financial report. Preliminary unaudited data shows that first-quarter revenue decreased by 49.2% year-over-year, with a net loss of $9.5 million, compared to a net profit of $12.2 million in the same period last year. The company was founded in 2016 and operates the largest Bitcoin ATM network in North America, with over 9,000 machines globally.

According to Asia Economy, Upbit operator Dunamu disclosed that the consolidated revenue for the first quarter of 2026 was approximately $157 million, a year-on-year decrease of 55%; operating profit was approximately $59 million, a year-on-year decrease of 78%; and net profit was approximately $46.6 million, a year-on-year decrease of 78%.Dunamu stated that the decline in performance was mainly affected by the global economic slowdown and the decrease in trading volume in the virtual asset market.

According to Digital Asset, Hana Financial Group will invest approximately 1 trillion won (about 667 million USD) to acquire a 6.55% stake in Dunamu, the operator of the South Korean cryptocurrency exchange Upbit.

According to on-chain analyst Ai Yi's monitoring, manipulators withdrew 1,369,000 $SIREN from the Binance Alpha wallet in the past 6 hours, worth 2.45 million dollars, with the current chip concentration exceeding 93%.

According to the "News" report, the Federal Security Service of the Russian Federation (FSB) recently arrested three Telegram investment channel owners, accusing them of manipulating stock prices through a "Pump&Dump" strategy, involving over 55,000 illegal transactions related to 19 large companies on the Moscow Exchange.Research from Moscow State University shows that 11% of Telegram investment signals can have a substantial impact on stock returns, with over 60% of private investors relying on such signals to make decisions. The Central Bank of Russia stated that it will continue to monitor abnormal trading and warned that "punishment is inevitable" for illegal bloggers. Experts remind that manipulative signals are often presented in emotional language, promise quick profits, and do not disclose risks; investors should prioritize consulting licensed advisors.

According to Decrypt, Bitcoin ATM operator Bitcoin Depot Inc. suffered a security breach on March 23, with hackers stealing approximately 50.9 bitcoins from the company's controlled wallet, valued at $3.665 million.It is reported that the attackers infiltrated the company's IT system and obtained credentials for the digital asset settlement account, allowing them to transfer cryptocurrency without authorization. This is at least the second known security incident for the company, which previously experienced a hack in 2023 that resulted in the personal data of 58,000 users being compromised.

Bitcoin ATM operator CEO Scott Buchanan has resigned, and former MoneyGram CEO Alex Holmes has taken over as CEO and Chairman. Holmes stated that his focus will be on "operational stability, regulatory compliance progress," and driving the company towards a diversified fintech platform. Holmes served as CEO and Chairman of MoneyGram from 2016 to 2024, with over 16 years of executive experience in the payments industry.This personnel change comes less than three months after the company announced its succession plan last November. Meanwhile, the company's founder Brandon Mintz has also stepped down as Executive Chairman but will remain on the board and serve in an advisory role. Bitcoin Depot is currently facing increasing regulatory pressure. Last week, Connecticut suspended the company's local operating license due to excessive charges and failure to refund fraud victims.In its latest financial report, the company warned that due to changes in the regulatory environment, core business revenue may decline by 30% to 40% this year. The Bitcoin ATM industry as a whole is also under pressure, with California imposing a $675,000 fine on Coinhub, and Chicago operator Crypto Dispensers facing issues with its founder being involved in money laundering.

According to Decrypt, Bitcoin Depot, the world's largest Bitcoin ATM operator, has had its money transmission license urgently suspended by regulators in Connecticut for several reasons: overcharging more than 500 users approximately $150,000 in fees (exceeding the 15% cap within the state), failing to fully refund scam victims, and insufficient compliance disclosures.The company must immediately cease operations in the state and shut down all ATMs. Meanwhile, Bitcoin Depot also expects to disclose "significant weaknesses" in internal controls in its annual report. Analysts point out that this suspension is a "structural blow" to Bitcoin Depot and indicates that the Bitcoin ATM industry as a whole will face stricter regulatory scrutiny.

The Lido Community Staking Module (CSM) has released a new proposal to introduce the Identified DVT Cluster (IDVTC) node operator type. This proposal aims to allow verified Independent Community Stakers (ICS) to collaboratively operate validators through DVT technology, enhancing operational resilience while optimizing capital efficiency. Since DVT significantly reduces the risks of heavy penalties and downtime, IDVTC members will enjoy lower collateral requirements.The proposal requires each IDVTC cluster to consist of 4 independent ICS members, who must run validators using Obol or SSV and create keys through Distributed Key Generation (DKG). This feature is expected to go live in the second or third quarter of 2026 with the CSM v3 release.

The on-chain analysis platform Lookonchain stated in a social media post that the party responsible for a $50 million loss due to slippage may be Garrett Jin, the operator of the "1011 insider address."On-chain tracking shows that 13 wallet addresses associated with him withdrew USDC or USDT from Binance on February 16 and February 20, and have recently become active again, transferring funds to two new wallets. One of the wallets shares the same Binance deposit address as Garrett Jin.Lookonchain noted that Garrett Jin previously sold 261,024 ETH (approximately $543 million) and 11,318 BTC (approximately $761 million) on February 15 and February 20, respectively, and the withdrawal times from Binance for the aforementioned wallets are close to these transactions.

According to StockTitan, Nasdaq-listed Bitcoin ATM operator Bitcoin Depot has acquired the peer-to-peer social prediction platform Kutt, expanding the company's product line from Bitcoin ATMs to the rapidly growing consumer fintech sector.After the acquisition, Kutt will retain its brand and leadership position, providing services in most states across the United States.

Due to pressure from multiple state attorneys general, Bitcoin ATM operator Bitcoin Depot will require customers to provide personal identification for verification each time they use its ATMs.The company stated that this move aims to combat account sharing, identity theft, and account takeover, marking a significant advancement in preventing fraud and illegal activities. Earlier this month, the Massachusetts Attorney General filed a lawsuit against the company, accusing it of deliberately profiting from scams targeting the elderly. FBI data shows that losses from cryptocurrency ATM fraud in the U.S. will reach $333 million by 2025. Currently, Bitcoin Depot operates 8,800 ATMs in North America.

On-chain detective ZachXBT posted about the user @sexinfochina, stating, "This user deliberately concealed the fact that they are an online criminal operating the Chinese dark web market 'FreeCity'. They publicly promote certain illegal services on Telegram and knowingly facilitated five money laundering transactions for North Korean hackers. Two years ago, this user asked me to investigate the reason a CEX account was frozen, and I found that it traced back on-chain to a theft case involving over a hundred million dollars by North Korean hackers."In addition, ZachXBT responded, "Although most users of this dark web platform are Chinese, many illegal transactions occur in Southeast Asia and other places."

According to CoinDesk, a statement from the U.S. Attorney's Office for the Southern District of New York revealed that Rui-Siang Lin, the alleged operator of the dark web drug marketplace Incognito Market, was sentenced to 30 years in federal prison on Tuesday. This marks the conclusion of one of the largest cases involving an online drug market since the Silk Road case.U.S. prosecutors stated that the operators of the dark web market Incognito Market used cryptocurrency and anonymous tools to conceal their identities, but investigators ultimately linked them to the platform through domain records and digital footprints. Rui-Siang Lin operated under the online alias "Pharaoh." He pleaded guilty in December 2024 to multiple charges, including conspiracy to commit drug offenses, money laundering, and conspiracy to sell adulterated and falsely labeled drugs. Prosecutors indicated that the platform facilitated over $105 million in illegal drug transactions between October 2020 and March 2024, completing more than 640,000 transactions and serving hundreds of thousands of buyers worldwide.