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Dow Protocol
2026-08-06 10:00:00

Dow Protocol Warns of Fraud by Fake OKX Ventures Impersonators

Dow Protocol has refuted claims that OKX Ventures invested in the project, saying the firm is not on the investor list expected this week. The project revealed that a financial advisor known to the team for five years created a fake chat group and arranged impostors to pose as OKX Ventures members. The impostors conducted a faux due diligence, signed forged investment agreements, and charged Dow Protocol a fee. Evidence has been preserved and action taken, the project said. It also urged other crypto projects to independently verify identities and investment information through official channels, even for referrals from long-standing partners.

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Dow Protocol Warns of Fraud by Fake OKX Ventures Impersonators
FBI
2026-07-31 11:17:52

FBI data shows Texas led U.S. crypto ATM losses with $56.8 million in 2025

Data the FBI submitted to a legislative committee shows that Texas recorded $56.8 million in losses tied to cryptocurrency kiosks in 2025, spanning 1,179 complaints and ranking first among U.S. states by total losses. Nationwide, the FBI logged 13,460 related complaints, while reported losses rose 58% year over year to $389 million. Crypto kiosks accept cash and convert it into cryptocurrency, and they are commonly placed in gas stations and convenience stores. Texas Tribune estimates there are about 4,000 such machines in Texas. According to the report, scammers often persuade victims to withdraw money from bank accounts and feed the cash into the machines. Texas Department of Banking Deputy Commissioner Jesse Saucillo said recovery is nearly impossible once the funds are sent, with the money typically moving to non-custodial wallets and then through mixers. He added that AI-generated impersonations of police and state agencies have made phone-based scams more convincing. AARP data shows about 30 U.S. states have enacted laws related to crypto kiosks since 2023. Indiana fully banned the devices in March, followed by Tennessee and Minnesota, while Texas House committee chair Rep. Cole Hefner said the state will consider steps beyond regulation.

2020
FBI data shows Texas led U.S. crypto ATM losses with $56.8 million in 2025
WuBlockchain
2026-07-30 14:00:12

WuBlockchain daily roundup: US jobless claims, Fed hold, CZ remarks and two crypto fraud cases

WuBlockchain’s daily crypto news selection brought together five separate developments spanning US macro data, monetary policy, industry commentary and fraud enforcement. In the US, initial jobless claims for the week ending July 25 came in at 197,000, below the 200,000 consensus estimate, while the prior reading was revised to 188,000 from 187,000. June core PCE inflation was reported at 3.3% year over year, matching expectations and down from 3.4% previously. The Federal Reserve left the federal funds target range unchanged at 3.50% to 3.75% in a 9-3 vote. Its statement said economic activity was still expanding at a solid pace despite elevated uncertainty tied in part to the Middle East conflict. Productivity and capital spending remained strong, employment growth was broadly in line with labor force growth, and inflation was still above the 2% target. Beth Hammack, Neel Kashkari and Lorie Logan dissented in favor of a 25-basis-point hike. CZ, responding to debate around Giggle Academy’s sale of donated tokens, said he had not communicated with the team about the recent sales. He added that the project typically converts most donated tokens into BNB at month-end and said he may buy or sell one or two meme coins in the coming weeks to test new features. The roundup also covered a fake Flare Network staking phishing case in Seoul and a bitcoin extortion warning issued by China Business Journal.

2020
WuBlockchain daily roundup: US jobless claims, Fed hold, CZ remarks and two crypto fraud cases