News linked to this event type.
According to Cointelegraph, stablecoin issuer Circle faces a class-action lawsuit in the U.S. District Court for the District of Massachusetts for failing to freeze stolen funds during the Drift Protocol hack on April 1. Plaintiffs allege that attackers transferred approximately $230 million worth of USDC from Solana to Ethereum via Circle’s cross-chain transfer protocol (CCTP) within hours—and that Circle failed to intervene. The lawsuit accuses Circle of aiding and abetting conversion and of negligence. Cryptocurrency analytics firm Elliptic previously suspected the attack may be linked to North Korea–backed hackers; the stolen funds were subsequently converted into ETH and laundered through Tornado Cash.
According to Decrypt, Rick Wurster, President and CEO of Charles Schwab, stated that the company may offer prediction market services in the future—but will focus on financial-event-related contracts, such as those tied to inflation, while avoiding themes like pop culture, politics, and sports. Earlier reports indicated that Charles Schwab plans to launch Bitcoin and Ethereum trading services within the coming weeks, with a flat transaction fee of 0.75% per trade. The company also intends to gradually expand its cryptocurrency business, including enabling digital asset deposits and withdrawals, and broadening the range of supported tokens.
Josh Stark, a key researcher and project manager at the Ethereum Foundation, announced that after five years of service, he has decided to depart and complete his transition—this decision was made in early March, and his work at the Ethereum Foundation will conclude by the end of April. Stark stated he currently has no concrete plans for the future and intends first to take an extended break and spend time with family and friends. He expressed deep honor in having worked on Ethereum at the Ethereum Foundation and extended gratitude to numerous leadership team members and community partners for their long-term collaboration. Stark also noted that the Ethereum ecosystem has repeatedly achieved goals once widely deemed “impossible,” including network launch, the real-world deployment of decentralized finance (DeFi), and the successful transition to proof-of-stake (PoS). Earlier this week, Trent Van Epps, another Ethereum Foundation contributor, also resigned.
According to The Block, Texas man Robert Dunlap was sentenced to 23 years in federal prison for a cryptocurrency fraud scheme exceeding $20 million and ordered to pay restitution to nearly 1,000 victims. Prosecutors alleged that Dunlap operated cryptocurrency projects and sold Meta-1 Coin, falsely claiming the token was backed by $44 billion in gold and approximately $1 billion in artworks—including pieces by Pablo Picasso, Vincent van Gogh, and Salvador Dalí—and that the assets had been audited. Last year, a jury found him guilty of mail fraud.
According to The Block, Layer 1 blockchain Tempo has launched a privacy solution called Zones, designed for institutional use cases such as payroll distribution, treasury management, and payment settlement. Zones provide a confidential execution environment in the form of parallel blockchains connected to the Tempo mainnet; transactions within a Zone are confidential by default, yet assets remain interoperable with the Tempo mainnet, other Zones, fiat on/off-ramps, and liquidity pools. Tempo states that each Zone will be managed by a trusted entity, whose operators can view activities within the Zone and enforce access controls—but do not control the underlying assets. Users retain full control and may withdraw funds locked in smart contracts on the mainnet at any time.
According to The Block, Yuga Labs, the developer behind the Bored Ape Yacht Club (BAYC) collection, has appointed Michael Figge as its new CEO, while former CEO Greg Solano has transitioned to Chairman of the Board. Solano stated that Figge joined the company in 2021 and has served as CEO for several weeks, previously holding the role of Chief Product Officer. This leadership reshuffle coincides with Yuga Labs’ ongoing development of its metaverse project, Otherside. The company describes Otherside as a metaRPG platform enabling players to own digital assets and engage in real-time multiplayer interactions. Moving forward, Solano will continue contributing to creative direction, writing, and the development of new ideas.
According to an official announcement, cryptocurrency futures exchange KieDex has raised $3.5 million in funding, led by Marqel Capital. The company stated that the funds will be used to build the KieDex platform and develop a next-generation cryptocurrency futures exchange focused on fast, secure, and incentive-driven trading experiences. Supporting partners include Hidden Street Capital, Caviar, CSP DAO, Solulu Club, Rocket, TPC, Devmons, and TATATU.
According to Cointelegraph, Polish cryptocurrency exchange Zonda is mired in a withdrawal crisis. Current CEO Przemysław Kral released a video statement disclosing for the first time a cold wallet address holding approximately 4,503 BTC (currently valued at roughly $334 million), stating that the private key for this wallet was never transferred during the company’s leadership transition. Kral explained that the private key should have been handed over by Zonda’s founder and former CEO, Sylwester Suszek—but Suszek has been missing since March 2022. Kral denied allegations of fund misappropriation, asserting that Suszek’s disappearance itself proves his innocence. Earlier, blockchain platform Recoveris published an analytical report indicating a sharp decline in Zonda’s hot wallet balances—suggesting insolvency—and triggering a wave of withdrawal requests. Zonda typically processes around 100,000 withdrawals annually, yet received over 25,000 such requests within just a few hours around April 6. Kral stated that the company will pursue legal action against these false accusations and reaffirmed its commitment to fulfilling its financial obligations to customers.
Odaily News Uniswap's developer platform has officially launched. This platform provides developers with a new documentation website, an AI toolkit, an API Playground, and technical guides. Furthermore, the Uniswap API has added Liquidity Provider (LP) endpoints, enabling developers to directly create, adjust positions, and withdraw fees via the API. The API currently supports 10 million assets across 18 chains, with a routing speed of approximately 200 milliseconds and a fill rate exceeding 97%. In the future, the platform plans to introduce dashboard analytics to track API integration performance and provide on-chain operation combination paths, supporting cross-chain token swaps and bridging. Currently, this API is available for free use.
Odaily News Claude has quietly rolled out identity verification requirements. Some users are now required to provide government-issued ID and a real-time selfie when accessing certain features, undergoing platform integrity checks, or fulfilling compliance measures. This makes it the first mainstream AI chatbot to require such verification.Anthropic officially stated that the verification data is solely used to confirm user identity and is currently only required for a small number of suspicious accounts with potential fraudulent or rule-violating behavior. The identity verification is powered by their partner Persona, and the verification data is stored on Persona's servers with encryption and will not be used for model training. This move has sparked dissatisfaction among some privacy-conscious user groups.
Odaily News The UK Financial Conduct Authority (FCA) has released the final draft of its crypto asset framework. The new rules are scheduled to bring most crypto activities under the regulatory scope of the Financial Services and Markets Act by October 25, 2027. According to the proposal, any institution holding customer crypto assets for more than 24 hours or possessing the ability to revoke customer permissions will be considered a regulated custodian and must hold a full safeguarding license. Validators and node operators offering value-added functions such as staking rewards or reward reinvestment will lose their technical exemption. Furthermore, stablecoin issuers operating within the UK must control the entire lifecycle from issuance to redemption. Relevant institutions are required to submit authorization applications between September 30, 2026, and February 28, 2027.
According to Anthropic’s official announcement, Claude Opus 4.7 has been officially released and is now available across the entire Claude product suite, API, Amazon Bedrock, Google Cloud Vertex AI, and Microsoft Foundry. Its pricing remains unchanged from Opus 4.6: $5 per million input tokens and $25 per million output tokens.
According to GlobeNewswire, Exodus Movement—a U.S.-listed cryptocurrency wallet provider and Bitcoin treasury company—has announced a partnership with Ripple to expand native support for the XRP Ledger (XRPL) within its wallet, as well as add in-wallet support for the stablecoin Ripple USD (RLUSD). Users will be able to directly manage and send XRP assets within the wallet.
According to The Wall Street Journal, Charles Schwab officially announced the launch of Schwab Crypto™ spot cryptocurrency trading services on April 16, which will be rolled out to retail clients in phases over the coming weeks. The service supports direct trading of Bitcoin and Ethereum, and is accompanied by educational resources and dedicated customer support. It is also integrated with Schwab’s existing investment, trading, wealth management, and banking services.
Odaily According to news learned on the 16th local time, citing an Israeli Defense Forces official, the Israeli Defense Forces are prepared to reach a ceasefire agreement with Lebanon. According to Israeli officials, senior commanders of the Defense Forces have been instructed to prepare the troops currently deployed in southern Lebanon for a ceasefire. They were informed that the ceasefire will begin between 19:00 local time on the 16th and midnight. (CCTV News)
Sahara AI’s multi-asset investment agent, Sorin, has been officially launched. Sorin supports research, analysis, and trade execution across cryptocurrencies, equities, prediction markets, and tokenized assets. The desktop version can be deployed locally to enable autonomous trading—fully non-custodial and with no fund lock-up—and has already undergone testing with 20,000 early users. Quantitative strategy automation, cross-market real-time monitoring, personalized risk management, and other capabilities previously available only to institutional investors are now accessible to all users via Sorin.
According to Cointelegraph, Ukraine’s National Police and Ministry of Internal Affairs conducted a joint operation in the Zakarpattia region, arresting a suspect allegedly involved in an international cybercrime syndicate responsible for over $100 million in fraud and money laundering targeting the United States and Europe. The syndicate had previously been placed on the FBI’s international wanted list. At the time of arrest, the suspect was in possession of forged identity documents and had even fabricated a death certificate to conceal his whereabouts. The syndicate deployed malware to steal personal and corporate data, then extorted victims for ransom payments. Money laundering methods included purchasing real estate and masking fund flows through relatives’ names. Authorities seized approximately $11 million in assets, including cash, real estate, vehicles, and roughly $3 million worth of cryptocurrency. Two additional suspects were also apprehended. The arrested individual now faces charges of document forgery and money laundering.
According to CoinDesk, Drift Protocol—the largest decentralized perpetual futures exchange on Solana—announced it has secured up to $147.5 million in funding from Tether and its partners (including $127.5 million from Tether and $20 million from other partners) following a hack that stole over $270 million. The funds will be used to restore user assets and relaunch the protocol. The attack was carried out on April 1 by a North Korea–linked group that had posed as a quantitative trading firm and infiltrated the protocol for approximately six months, causing the DRIFT token’s value to plummet roughly 70%. The funding structure combines revenue-linked credit, ecosystem subsidies, and market-maker loans, aiming to cover approximately $295 million in user losses. Upon relaunch, the protocol will replace USDC with USDT as its core settlement layer; Tether will simultaneously provide fee waivers, user incentives, and liquidity support.
Odaily News Drift announced on its official website that Drift Protocol has received support from Tether and other partners. Tether intends to contribute $127.5 million, while other partners plan to contribute $20 million, collectively supporting user recovery efforts following the April 1st attack. This support package includes a $100 million revenue-linked credit line, ecosystem grants, and loans provided to market makers. Drift will establish a dedicated user recovery pool, aiming to gradually address the $295 million in outstanding user losses as trading revenue grows. Additionally, Drift will issue independent recovery tokens to affected users, which represent a claim on the recovery pool and are transferable. Drift is currently in the process of restarting the protocol, having engaged Ottersec and Asymmetric for audits, and is migrating its settlement layer from USDC to USDT. The previous attack resulted in the theft of assets worth approximately $295 million, while the insurance fund assets remained unaffected.
Odaily News On April 16 local time, U.S. Secretary of Defense Hagerthes said at a press conference that the U.S. Treasury Department is launching an operation codenamed "Economic Fury" to "impose maximum economic pressure on Iran." (CCTV)