Truebit lost $26 million after a smart-contract overflow bug let an attacker mint tokens at near-zero cost, sending the TRU price down 99%. A $26 million exploit of the offline computation protocol Truebit stemmed from a smart-contract flaw that allowed an attacker to mint tokens at near-zero cost, highlighting persistent security risks even in long-running blockchain projects. Truebit suffered the $26 million exploit that resulted in a 99% crash for the Truebit (TRU) token, Cointelegraph reported on Friday. The attacker abused a loophole in the protocol’s smart-contract logic, which enabled them to mint “massive amounts of tokens without paying any ETH,” according to blockchain security company SlowMist, which published a post-mortem analysis on Tuesday. Read more
The move adds Ukraine to a growing list of countries, including France, Germany, the UK, Italy, Poland, Thailand and Australia, where Polymarket is already restricted. Ukraine has blocked access to the prediction market platform Polymarket, classifying its activities as unlicensed gambling under national law. The decision was issued by the National Commission for the Regulation of Electronic Communications (NCEC) on Dec. 10, 2025, under Resolution No. 695. The ruling requires internet service providers to restrict access to online resources that organize, conduct or facilitate gambling without a valid license. As part of the enforcement, the domain polymarket.com has been added to Ukraine’s public register of blocked websites, effectively cutting off local access to the platform, local news outlets reported on Monday. Read more
Nigeria’s tax overhaul pulls crypto exchanges into identity-based reporting, reshaping how digital assets are brought into the traditional economy. Nigeria is rolling out a new approach to cryptocurrency oversight that relies on tax and identity systems rather than blockchain surveillance, as part of a sweeping reform of its tax regime. Under Nigeria’s newly implemented tax reforms, crypto service providers are required to link transactions to Tax Identification Numbers (TINs) and, where applicable, National Identification Numbers (NINs). The framework, which took effect on Jan. 1, is embedded in the Nigeria Tax Administration Act (NTAA) 2025 and marks one of the country's most sweeping tax overhauls. Read more
Italy’s securities regulator shared ESMA’s finfluencer factsheet, warning social media promoters that EU rules on investment recommendations and advertising apply to crypto. Italy’s securities regulator, the Commissione Nazionale per le Societa e la Borsa (CONSOB), has amplified a new factsheet from the European Securities and Markets Authority (ESMA), warning social media finance influencers, or “finfluencers,” that European Union rules on investment recommendations and advertising apply fully to crypto and “get rich quick” content. In a Monday communication, CONSOB highlighted ESMA’s finfluencers document, published on Thursday, which warns creators that “promoting a financial product or service isn’t like promoting shoes or watches.” Pushing contracts for difference (CFDs), forex, futures, certain crowdfunding products and volatile cryptocurrencies can, according to the communication, mean losing 100% of invested capital, and influencers remain legally responsible for what they post, even if they are not f...