The U.S. Department of Justice (DOJ) ordered Paxful to pay $4 million after the company admitted to conspiring to promote illegal prostitution and funnel proceeds from criminal activity. According to court documents, Paxful failed to enforce basic know-your-customer and anti-money laundering rules and ignored obvious signs of criminal activity on its platform. The company also submitted false compliance policies to regulators. Investigators found that Paxful activated approximately $17 million in Bitcoin transfers linked to Backpage and similar sites widely known for hosting illegal prostitution advertisements, including cases involving minors, and facilitated millions of illegal transactions over several years. These activities…
Author: Crypto Flexs
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Ethereum Classic price hovered around 8.30 as Ethereum maintained the $2,000 level. ETC coin has fallen more than 12% in the past week and could extend its downtrend. Analysts say Bitcoin is still weak and this could affect ETC price movements. Ethereum Classic (ETC) was trading in the red in the early afternoon hours during the US session on Tuesday, February 10, 2026, falling nearly 3% as the parent coin continued to struggle under bearish pressure. Analysts at CryptoQuant say the downward momentum could strengthen as Ethereum prices remain subtly close to $2,000 and Bitcoin falls to lows of $68,000.…
In short Lawyers say unjust enrichment laws favor Bithumb, but the outcome depends on whether users knew or should have known the payouts were a mistake. Since this incident occurred due to an internal error rather than hacking or fraud, it is expected that the prosecution will handle it cautiously. The incident is increasing scrutiny of the internal controls of South Korean cryptocurrency exchanges, with regulators proposing stricter ownership and supervision rules in the future. Just days after mistakenly giving out billions of dollars worth of Bitcoin to users during a promotional event, South Korean cryptocurrency exchange Bithumb is weighing…
Grayscale today launched the first U.S. spot LINK ETF. HYPE rally comes after Sonnet shareholders approved merger with Hyperliquid DAT. ASTER gains more than 13% through new collaboration with WLFI Cryptocurrencies rebounded on Tuesday, with the value of all tokens increasing more than 6% to $3.06 trillion. Bitcoin recovered $90,000 as Ethereum traded above $3,000. In this article, we evaluate three altcoins that are gaining attention today for various reasons: Chainlink, HYPE, and ASTER. Grayscale Spot Chainlink ETF Launched Grayscale today officially launched the first U.S. exchange-traded fund by converting Chainlink Trust into an ETF. This debut has generated significant…
Tomorrow, February 11, 2026, the first L1-zkEVM workshop will debut a new system that will make block verification faster, cheaper, and more accessible to everyone.Instead of redoing every transaction in a block, Ethereum will soon rely on zero-knowledge (ZK) proofs, allowing validators to verify accuracy through cryptographic proofs.boost boostWhy Ethereum could redefine block validation by switching to ZK proofEthereum Foundation researcher Ladislaus.eth called it “perhaps one of the most significant” upgrades in the network’s history.This change is part of the L1-zkEVM 2026 roadmap and focuses on the Selective Proof of Execution (EIP-8025) feature. This allows specific validators, called zkAttesters, to…
Highlights: French police arrested six suspects, including a minor, after kidnapping cryptocurrency for 30 hours. The magistrate and the mother escaped by warning their neighbors. No ransom paid to cryptocurrency kidnappers France Experiences Cryptocurrency-related Kidnapping Patterns of Industry Professionals Previous victims include Ledger co-founder David Balland, who had his fingers cut off by kidnappers. French authorities have arrested six suspects in a cryptocurrency ransom kidnapping that held a magistrate and her mother captive for about 30 hours. The victims escaped without receiving any money after being found injured in a garage in southeastern France. Lyon prosecutor Thierry Dran confirmed the…
As the digital asset industry continues to mature and regulations become clearer, cryptocurrency trading platforms are gradually transitioning from short-term incentive-driven models to revenue structures based on continuous trading services, liquidity provision, and risk management. Transparency and sustainability of the platform economy have become important considerations for both users and the wider market. Against this background, digital asset exchanges BeatGW Outlining the structure of the platform’s revenue model, it highlighted how its core revenue streams are built around real trading activity and long-term operational services rather than speculative or high-risk mechanisms. Core revenue streams based on trading and liquidity services…
Kamino Lend is a decentralized lending platform deployed on the Solana blockchain that allows users to lend and borrow assets with flexible terms and interest rates. Kamino worked with Ackee Blockchain Security and donated a total of 6 days of engineering time between January 20 and January 30, 2025 to conduct fuzz testing focused on the Kamino Lend protocol. No manual code review was performed. Kamino then partnered with Ackee Blockchain Security to conduct a second round of fuzz testing of the Kamino Lend protocol, donating a total of 15 days of engineering time between June 23 and July 28,…
Polygon’s price plummeted, erasing all the gains it made earlier this year despite strong fundamentals, including increased market share in the payments industry and increased burn rate. summation Polygon’s price plummeted, erasing most of the gains it made earlier this year. Data shows a surge in payment transaction volume over the past few months. Technical analysis shows that the token is likely to bounce in the coming weeks as it forms a double bottom pattern. Polygon (POL), formerly known as MATIC, was trading at $0.095, down sharply from this year’s high of $0.1853. It is still well below the all-time…
Palo Alto, CA, February 6, 2026, Chainwire ZenO provides access to egocentric audio, video, and image data captured from smart glasses and smartphones to power the next generation of physical AI systems. xeno today announced the public beta launch providing access to a new platform designed to collect, anonymize, and structure real-world first-person data to train physical AI systems such as robots, autonomous agents, and embodied models. ZenO utilizes Story’s Layer-1 blockchain technology as its core infrastructure. This launch comes at a moment when physical AI is moving from research to production, but the data needed to power those systems…