News linked to both this project and an event.
Odaily News: A 60-year-old woman in Hong Kong reported that she had earlier met a fraudster claiming to be an investment expert on an online platform, and was subsequently induced to invest in cryptocurrency on a fraudulent website.Between April 14 and September 22, the woman made multiple transfers totaling approximately HK$21.5 million to designated investment accounts. The platform later demanded that she pay a deposit to prove that the investment account was not being used for money laundering.Police initially classified the case as obtaining property by deception, and it is being followed up by the Fourth Team of the Criminal Investigation Unit of the Sau Mau Ping Police District. No arrests have been made so far. (HK01 NFT)
NEAR co-founder Illia Polosukhin posted that the recent increase in developer activity and further reduction in development barriers within the ecosystem center on what applications to build and how to establish distribution channels. In response, he proposed a series of potential building directions, including AI virtual pets combining NEAR AI’s on-chain verifiable inference with non-fungible tokens (NFTs); a universal checkout component supporting cross-chain intent payments; a decentralized encyclopedia integrating prediction markets with AI-generated content; a privacy-oriented OTC market based on NEAR Intents, alongside liquidation-resistant lending and perpetual contract management; a cross-chain event registration escrow tool backed by staking deposits; a privacy-preserving code review agent; a corporate cap table management tool; Delta-neutral strategy management; private copy trading utilizing view keys; an end-to-end encrypted medical auxiliary diagnostic system; a privacy-focused voice transcription desktop application; and AI benchmarking based on private test sets, among others.
Odaily report: According to RevokeCash monitoring, if users have previously traded NFTs on the Magic Eden Ethereum marketplace, their wallets may have granted approval to Limit Break's Payment Processor contract; this contract currently has a known vulnerability, and it is recommended to revoke the approval. Magic Eden previously stated that NFTs currently still listed on its platform are not affected by this vulnerability; NFTs listed through its EVM marketplace between approximately February 2024 and October 2024 may be affected, while listings after October 2024 are in principle not affected. Magic Eden is contacting protocol owner and maintainer Limit Break to study other risk mitigation measures, including pausing protocol transfers, and continues to investigate the actual scope of impact.Users who have previously listed or traded NFTs on the Magic Eden EVM marketplace should revoke the relevant contract approvals on Ethereum, Polygon, and Base networks, and revoke all NFT approvals marked as "approved for all." Yuga Labs Blockchain Vice President Quit stated that the asset claim website for the Payment Processor vulnerability NFT theft incident has officially launched; affected users whose NFTs were successfully safeguarded can now claim, but must first revoke their approval to the Payment Processor.
Magic Eden clarified on the X platform that Payment Processor V2, an NFT trading protocol under Limit Break, was recently exploited. Magic Eden stopped using this protocol in October 2024 and will completely shut down its EVM marketplace in Q1 2026, so this exploit did not affect existing Magic Eden listings. However, NFTs listed on the Magic Eden EVM marketplace from February to October 2024 may have been impacted, and users should revoke the "Approve for All" authorization for the contract on Ethereum, Polygon, and Base. Additionally, Magic Eden stated it is collaborating with Limit Break to investigate and seek further mitigation measures.
Odaily reports: According to monitoring by Quit, at 9 AM EST today, an attacker exploited a vulnerability in Payment Processor V2 to steal 10 Meebits, 50 Otherdeeds, 10 WoW, and 235 Desperate Apewives. More than 12 hours after the incident, no one had reported it, and an investigation subsequently revealed that a large number of NFTs were facing the same risk. Quit stated that after contacting the LimitBreak team, they quickly paused the similarly affected Payment Processor V3. However, V2 could not be paused, and V3 on ApeChain was also temporarily in a state where it could not be paused, so the team carried out a white hat operation, transferring and protecting a total of 23,155 NFTs worth over $5.7 million. The team later discovered that the vulnerability could also be used in reverse to steal WETH, with approximately 660 WETH at risk, but these could not be recovered in time. Currently, all rescued NFTs have been transferred to secure addresses, and holders will be able to claim their assets in the future after revoking approvals for the vulnerable contracts.
Tom Lee, Chairman of Ethereum treasury company Bitmine, said in an interview that this crypto market bull run could be larger than the past few cycles. He believes that crypto-related stocks have already led gains in the third quarter, indicating that the bull market has begun.Lee noted that unlike past cycles driven by ICOs, NFTs, meme coins, and stablecoins, this rally is also being fueled by tokenization, AI, and a more favorable policy environment for the crypto industry. After years of consolidation, he expects the market to see a more decisive breakout, with upside potential that could exceed previous cycles.
Odaily News: North Korean hacker group WaterPlum obtained funds or credentials from over 7,000 crypto wallets through fake recruitment processes and transferred approximately $10.71 million to North Korea. Between December 2025 and July 2026, the group infected at least 30,000 devices across more than 100 countries.WaterPlum impersonates AI, crypto, or NFT companies and approaches developers through social media, job platforms, and freelance platforms, luring them into downloading malware-laden files under the guise of technical interviews or coding assignments. Targets include web designers, engineers, and professionals in the crypto, blockchain, and Web3 sectors.Japanese law enforcement dismantled a "laptop farm" within the country for the first time, discovering that hundreds of millions of yen in crypto assets had already been transferred overseas. Investigations suggest that WaterPlum and some North Korean remote IT workers both belong to the 313th General Bureau of North Korea's Ministry of Munitions Industry and share IP addresses used to access the laptop farm and job-seeking services. (Decrypt)
Odaily reports: The Hong Kong Securities and Futures Commission has published a strategic action agenda for implementing its first five-year plan. In the short term, it will introduce a new digital asset licensing regime and implement digital asset custody supervision, CrypTech market surveillance, and anti-money laundering capacity building.In the medium to long term, it will develop a regulatory framework for tokenized investment products as appropriate, covering tokenized gold and other real-world assets. The institution will also support the Hong Kong SAR government in establishing a central gold clearing and settlement system and developing RMB-denominated gold and commodity products. (HK01 NFT)
According to CoinDesk, India's Financial Intelligence Unit (FIU-IND) issued non-compliance notices to 15 small and medium-sized offshore cryptocurrency platforms—including Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT, and Guardarian—pursuant to Section 13 of the Anti-Money Laundering Act, alleging that these platforms violated regulations by serving Indian users without registering with FIU-IND. Since March 2023, India has brought cryptocurrency platforms under an anti-money laundering regulatory framework equivalent to that of traditional banks, mandating that all platforms serving Indian users, regardless of whether they maintain domestic offices, complete registration and fulfill obligations including customer identity verification and suspicious transaction reporting. In light of this enforcement, reports indicate that some Indian users are circumventing regulations by transferring USDT to overseas platforms to purchase gift cards. FIU-IND also cautioned the public that cryptocurrency products and NFTs remain unregulated and carry high risks, and that affected users may not be able to obtain regulatory recourse for any resulting losses.
Odaily News - U.S. President Donald Trump and his family have caused investors at least $4.7 billion in losses through digital asset projects since 2022. Consumer rights advocacy nonprofit Public Citizen stated that the related projects include the World Liberty Financial governance token, NFT trading cards, Official Trump (TRUMP), and Trump Media's digital asset reserve.Among these, TRUMP investors lost approximately $3.2 billion, while USD1 stablecoin investors did not suffer significant losses. Public Citizen noted that the losses from TRUMP primarily reflect a transfer of wealth to a small number of early buyers, rather than funds disappearing outright. Donald Trump also earned $7.2 million from NFT licensing fees and royalties, as well as over $600 million from World Liberty token sales and equity sales.Public Citizen also called for adding ethical standards to the Digital Asset Market Clarity Act (CLARITY Act), requiring the U.S. President and his family to withdraw from related industry projects. Trump met with crypto company executives last week and called for passing a "fair version" of the bill. The Senate is scheduled to vote on a procedural motion on September 15, and advancing the bill requires support from at least 60 senators. (Cointelegraph)
Odaily Odaily News: In an operation codenamed "Lightning Strike," Hong Kong police arrested 14 men and 3 women aged between 20 and 54, including 13 Malaysians and 4 locals. They also raided 3 locations and seized HK$3.67 million in cash, believed to be criminal proceeds. The scam syndicate recruited Malaysians from overseas, arranging their flights and accommodation to come to Hong Kong as runners. They would pose as relatives of elderly victims, falsely claiming they had been arrested by police and demanding bail money, then arranging runners to collect the cash. Police investigations revealed that the syndicate collected a total of HK$4.67 million in fraudulent proceeds between June 4 and August 14. The case involves 22 victims, with reported losses totaling HK$2.47 million. On August 14, police arrested 5 individuals, including 2 local men, 2 local women, and 1 Malaysian man, all of whom are currently detained for investigation. Police also recovered HK$200,000 in fraudulent funds. Police stated that some foreign currency or virtual currency exchange shops were exploited by the syndicate to process or transfer fraudulent funds, and reminded these shops to verify customer backgrounds, transaction purposes, and fund sources, while also watching for abnormal cash and virtual currency transactions. Conspiracy to defraud carries a maximum sentence of 14 years in prison. (HK01 NFT)
Caixin reported that a private banking client was sentenced to six months’ immediate imprisonment and fined HK$500,000 for deliberately providing false information in a CRS declaration—the first criminal conviction in Hong Kong for violating CRS rules. CRS 2.0 refers collectively to the revised OECD Common Reporting Standard (CRS) and the Crypto-Asset Reporting Framework (CARF); its framework entered into force on 1 January 2026. On 27 March 2026, the Hong Kong government published the Inland Revenue (Amendment) (Automatic Exchange of Financial Account Information) Bill 2026 in the Gazette; the bill underwent its first reading in the Legislative Council on 1 April 2026 and is expected to take effect on 1 January 2027—marking Hong Kong’s accelerated domestic legislative implementation of CRS 2.0. CRS 2.0 explicitly brings cryptocurrencies within the mandatory reporting scope, including stablecoins, crypto derivatives, certain NFTs, central bank digital currencies (CBDCs), and specific electronic money products. Cryptocurrency exchanges, custodians, and related funds must fulfill KYC obligations and report information to tax authorities—systematically closing off avenues for concealing wealth using crypto assets.
According to The Defiant, the NFT marketplace Foundation has permanently shut down following the failed sale to digital art display company BlackDove. Its platform infrastructure has been taken offline, and there are currently no plans to relaunch it. Foundation’s founder, Kayvon Tehranian, stated that the company had originally hoped to extend its operations through the sale, but the deal fell through—and the team concluded there was no need to continue seeking a buyer. Foundation previously facilitated approximately $230 million in primary sales. The report notes that BlackDove, after conducting comprehensive due diligence following operational handover, decided instead to build its own proprietary marketplace. Foundation also announced it will continue providing a fixed one-year service for media and metadata hosted on IPFS; users must manually cancel their listings and withdraw their NFT assets.
Odaily News The Ethereum NFT marketplace Foundation has announced its permanent shutdown and cessation of operations. Founder Kayvon Tehranian stated that the original plan was to sell the platform to a potential buyer to continue operations, but the deal fell through. The company has decided not to seek other acquirers, and the related infrastructure has been shut down with no plans for a restart.It is reported that in January of this year, Foundation transferred ownership to the digital art company BlackDove. However, after completing due diligence, BlackDove decided to develop its own platform, leading to the termination of the collaboration. Foundation facilitated approximately $230 million in primary sales cumulatively. Its closure has once again drawn market attention to the sustainability of centralized NFT infrastructure.
According to documents disclosed on April 7, 2026, by the U.S. District Court for the Central District of California, Yuga Labs and defendants Ryder Ripps and Jeremy Cahen have reached a settlement agreement resolving all claims in Case No. 2:22-cv-04355. The case originated in 2022, when Yuga Labs alleged that the two defendants had issued counterfeit “RR/BAYC” NFT collections mimicking the Bored Ape Yacht Club (BAYC), constituting trademark infringement. The parties will shortly file with the court a proposed consent injunction—a condition of the settlement—marking the formal conclusion of the case.