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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A federal grand jury in San Francisco has indicted three Tennessee men on charges that include conspiracy to commit robbery and kidnapping after prosecutors say the group carried out a series of wrench attacks — crimes where victims are physically threatened or harmed to force them to hand over crypto — stealing at least $6.5 million from victims across California. A Violent Scheme With A Simple Disguise Elijah Armstrong, Nino Chindavanh, and Jayden Rucker allegedly posed as delivery drivers to get inside their targets’ homes. Once in,…

A romance fraud scheme allegedly drained more than $1.3 million from a City of Norfolk bank account after victims were manipulated into moving money for the scammers. Federal prosecutors say Nigerian national Habeeb Anibaba was indicted in connection with a scheme that targeted the City of Norfolk’s corporate bank account through hundreds of fraudulent transactions, reports 13News Now. Court documents cited by the station say the fraud lasted nearly a year and involved more than 900 unauthorized ACH transfers from the city’s account. Authorities say the money was moved through victims who believed they were helping romantic partners they met online.…

In brief Exodus (EXOD) is expanding into the full payments stack with its Exodus Pay platform and new stablecoin. The firm completed two acquisitions and became debt-free in Q1 thanks to a major reduction in its Bitcoin holdings. Shares finished Tuesday down 9.6%, closing at $6.97. Publicly traded wallet company Exodus (EXOD) is moving beyond the wallet category, expanding its focus and also becoming a payments company, the firm announced as part of its Q1 earnings report. The firm’s transition leans on its recently closed acquisitions of financial services firms Monavate and Baanx, and its Exodus Pay platform—a feature that allows…

In brief JPMorgan is the latest financial firm seeking to launch a tokenized money market fund, filing for JTLXX. Its tokenized product will rely on its own blockchain platform, which creates a permissioned layer on top of Ethereum. The launch follows that of BENJI, a tokenized money market fund from Franklin Templeton that is available on multiple blockchains. Global banking giant JPMorgan is establishing a new blockchain product, JLTXX—an on-chain money market fund that will have a connection to the Ethereum blockchain. The fund, called the JPMorgan OnChain Liquidity-Token Money Market Fund, will invest only in U.S. treasury bills, bonds, and…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The United States Senate Banking Committee has unveiled the draft text of the CLARITY Act ahead of a scheduled hearing, releasing a 309-page bill that represents the most comprehensive attempt yet to establish a federal regulatory framework for digital assets. The legislation covers significant ground across stablecoins, decentralized finance, and the broader crypto ecosystem — and the timeline for its advancement is moving faster than most participants anticipated. The most immediately debated provision targets stablecoins directly. The bill prohibits issuers from paying interest or yield simply for…

In brief Microsoft said attackers compromised a Mistral AI software download used by developers. The malware allegedly stole credentials and could damage some Linux systems. Mistral said it has no evidence that its infrastructure was compromised. Microsoft Threat Intelligence said Monday that attackers inserted malicious code into a Mistral AI software package distributed through PyPI, a popular platform developers use to download Python software tools.In a post on X, Microsoft said the malicious code automatically ran when developers used the software on Linux systems. The code downloaded a second malicious file called transformers.pyz from a remote server and launched it…

In brief Microsoft said attackers compromised a Mistral AI software download used by developers. The malware allegedly stole credentials and could damage some Linux systems. Mistral said it has no evidence that its infrastructure was compromised. Microsoft Threat Intelligence said Monday that attackers inserted malicious code into a Mistral AI software package distributed through PyPI, a popular platform developers use to download Python software tools.In a post on X, Microsoft said the malicious code automatically ran when developers used the software on Linux systems. The code downloaded a second malicious file called transformers.pyz from a remote server and launched it…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In the first three months of 2026, Binance’s security systems blocked nearly 23 million scam and phishing attempts — stopping roughly $1.98 billion in potential losses in just one quarter. AI Versus AI That figure is part of a broader push by the world’s largest crypto exchange to fight fraud with the same technology criminals are using to commit it. According to Binance, its AI-powered tools prevented a total of $10.53 billion in user losses between early 2025 and March 2026. Over 5 million users were protected…

In brief A malicious Hugging Face repository impersonating OpenAI’s Privacy Filter model reached #1 trending on the platform. The malware registered approximately 244,000 downloads and 667 likes in under 18 hours before being removed. The repository delivered a six-stage infostealer that harvested browser passwords, Discord tokens, crypto wallet keys, and SSH credentials from Windows machines—then silently sent everything to attacker-controlled servers. OpenAI released Privacy Filter in late April—a small, open-weight model built to detect and automatically redact personally identifiable information from text. It landed on Hugging Face under an Apache 2.0 license and quickly attracted developer interest. Someone noticed.Within days,…

May 12, 2026 – Dubai, United Arab Emirates NEXST, the AI-driven entertainment infrastructure building the next generation of immersive fan engagement, today announced that its native token, NXT, will begin trading globally on May 12, 2026, across major crypto trading platforms, including OKX Boost, KuCoin, MEXC and LBank. The NXT TGE (token generation event) will mark the launch of the core utility asset powering the NEXST AI Entertainment ecosystem and its on-chain fan economy. By integrating immersive VR experiences featuring tier-one artists, Japanese idol IP-based social gaming and AI-powered social platforms, NEXST is bringing the multi-trillion-dollar entertainment economy on-chain. NXT…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is currently at the center of a debate after Avalanche founder Emin Gün Sirer raised concerns about the network’s long-term security and mining economy. In a recent X post shared on May 10, 2026, the crypto founder argued that BTC could eventually face a serious challenge tied to declining miner incentives. His comments have quickly sparked discussions on what this could mean for Bitcoin’s future stability. Bitcoin Mining Pressure Builds The warning from the crypto founder centered on a growing concern that has followed Bitcoin for…

In brief Both Anthropic and OpenAI have declared any stock transfer without board approval void. Anthropic published a blocklist of unauthorized platforms, including Forge Global and Hiive—two of the largest regulated private-share marketplaces. The $6.6 billion OpenAI employee cash-out was a board-authorized tender offer, which both companies say is legitimate. Anthropic and OpenAI both updated their stock transfer policies on Tuesday, and the message is the same: If you bought shares through an unauthorized channel, you may not actually own anything other than an expensive piece of paper.Anthropic’s updated page says any sale or transfer of its stock without board…

President Donald Trump’s push to install Kevin Warsh as the next chair of the Federal Reserve moved closer to completion Tuesday after the Senate confirmed him to the Fed’s Board of Governors, a step that clears the path for a final vote on the chairmanship later this week. The Senate approved Warsh in a 51-45 vote that fell along party lines, with Sen. John Fetterman joining Republicans in support of the nominee. If confirmed as chair, Warsh would replace Jerome Powell, whose term leading the central bank ends Friday. Warsh’s rise has drawn attention across financial markets and the Bitcoin…