Aethir said it halted a bridge exploit on its Ethereum-linked contracts, limiting losses to under $90,000 after PeckShield estimated $400,000 in damages. Aethir, a decentralized GPU cloud infrastructure designed for artificial intelligence, confirmed an attack on its bridge contracts and said it halted the exploit. The platform said Friday that it had detected and contained an attack on its Aethir (ATH) bridge contracts connecting Ethereum to other chains. The team behind Aethir said it promptly disconnected the compromised contracts upon detection and worked with major exchanges to blacklist tracked wallets, limiting losses to under $90,000. Read more
Covenant AI said it was leaving Bittensor due to its overreaching control on subnets and their large-scale TAO token sales, but Bittensor’s founder denied all allegations. Bittensor subnet developer Covenant AI said Friday that it is leaving the decentralized artificial intelligence network, accusing Bittensor of operating under a concentrated governance structure that undermines its decentralization claims. In a Friday post on X, Covenant AI founder Sam Dare said the team could no longer build on or raise for Bittensor because its governance was not meaningfully distributed. “It is decentralization theatre,” Dare said. “Jacob Steeves maintains effective control over the triumvirate, resists any meaningful transfer of authority, and deploys changes unilaterally whenever he chooses, without process and without consensus.” Read more
A spoofed CoinDCX site sparked a 7.16 million rupee fraud case, triggering arrests before a court ruled the exchange was impersonated Impersonation scams can be low-tech yet highly effective, using fake websites that closely mimic trusted cryptocurrency platforms to deceive users. The CoinDCX case shows how a 7.16 million rupee fraud complaint escalated into legal action before it was identified as an impersonation case. The fake domain coindcx.pro, not the real platform, was used to mislead the victim and carry out the fraud. Read more
Hong Kong has issued its first stablecoin issuer licenses, approving Anchorpoint Financial and HSBC’s Hong Kong banking arm under its new regime. Update April 10, 2026, 10 am UTC: This article has been updated to add more details from the announcement. Hong Kong has granted its first stablecoin issuer licenses, approving Anchorpoint Financial and the Hongkong and Shanghai Banking Corporation under a new regulatory framework overseen by the Hong Kong Monetary Authority (HKMA). The HKMA announced the initial batch of licensees on Friday, marking the first approvals under its stablecoin regime. Read more
Some industry insiders speculate the crypto sector may be just one market cycle away from full-scale mainstream adoption. Binance co-founder Changpeng “CZ” Zhao said he hopes that cryptocurrencies and blockchain will simply become an invisible part of daily infrastructure by 2031, much like the internet today. Speaking on Scott Melker’s Wolf of All Streets podcast posted Thursday, Zhao said that while new use cases and advances will continue to emerge, he hopes talk of the technology will subside as it becomes part of everyday life. “I think in five years, I'm hoping we'll just use crypto,” he added. “There will be other use cases for the blockchain, for data storage, so there will be other cases, but I'm hoping in five years, we stopped talking about the technology, we are just using it and it will be used everywhere.” Read more
Japan tightens oversight with insider-trading bans and new disclosure rules as crypto markets attract more institutional participation. The Japanese government amended the Financial Instruments and Exchange Act on Friday to classify crypto assets as financial instruments. The amendment also bans insider trading and other activities that involve buying and selling based on undisclosed information, Nikkei reported. The amended act will also now require cryptocurrency “issuers” to be more transparent and disclose information once a year. Read more