RED

hacking
2026-09-05 05:36:48

Crypto Industry Hit by 50 Major Hacks in August, Losses Drop to $136.3M; AEREDIUM Launches AERSeal

In August 2026, the crypto industry suffered 50 major hacker attacks, a 67% increase from July, but total losses dropped to $136.3 million, down 49.5% month-over-month, according to PeckShield. The largest single loss was Tectonicfi, which lost around $74 million. Cronos, after pausing its network, saw only about $6 million transferred out. Meanwhile, digital asset security firm AEREDIUM introduced AERSeal, a threshold signature solution that replaces single private keys controlling privileged smart contract functions. The product splits key shares and stores them in hardware-authenticated secure enclaves, supporting Ethereum Virtual Machine and compatible chains. AERSeal does not reconstruct the full private key but generates signatures using the CGGMP24 threshold signature protocol. AEREDIUM founder and CEO Albert Dadon said the product can transfer minting, upgrade, and other permissions to threshold keys, with on-chain verification confirming the transfer. Clients can independently verify the threshold keys assigned to them. (Reported by Bitcoin.com News)

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Crypto Industry Hit by 50 Major Hacks in August, Losses Drop to $136.3M; AEREDIUM Launches AERSeal
PeckShield
2026-09-05 05:37:50

August 2026 Crypto Hacks: 67% More Incidents, 49.5% Less Loss; AEREDIUM Unveils AERSeal Threshold Signature

According to PeckShield data, August 2026 witnessed 50 major crypto hacks, a 67% increase from July, but total losses dropped 49.5% to $136.3 million. Tectonicfi suffered approximately $74 million in losses, while Cronos paused its network, limiting the outflow to about $6 million. Meanwhile, digital asset security firm AEREDIUM launched AERSeal, a threshold signature solution that replaces single private keys controlling privileged smart contract functions. The product splits key shares across hardware-certified secure enclaves, supports EVM and compatible chains, and uses the CGGMP24 threshold signature protocol to generate signatures without reconstructing the full private key. Founder and CEO Albert Dadon said the solution can transfer minting, upgrade, and other permissions to threshold keys, verified on-chain, and clients can independently verify the assigned threshold keys.

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August 2026 Crypto Hacks: 67% More Incidents, 49.5% Less Loss; AEREDIUM Unveils AERSeal Threshold Signature
Bitcoin
2026-09-04 10:12:47

Dormant 2011 Bitcoin wallet moves 40 BTC, undercutting New York abandoned-property claim

A Bitcoin address that had sat untouched since Nov. 5, 2011 moved its full balance of 40.00001152 BTC on Sept. 3, 2026, after roughly 14 years and 10 months of inactivity. The coins were worth less than $120 when they first arrived, based on Bitcoin trading near $3 at the time, and about $3.09 million when they were transferred. At publication, with Bitcoin at $80,962, the holdings were worth about $3.24 million. Galaxy Research identified the sending address as "Noah Doe #38097" and said it appears on a list of 39,069 addresses named in a New York lawsuit that seeks ownership of roughly 3.7 million to 3.8 million BTC said to be "abandoned." Depending on the price point used, the value tied to the broader claim has been reported at $285 billion to $293 billion. The case, filed as 153119/2026 in New York County Supreme Court, relies on New York Personal Property Law § 7-B. The address had previously received two blockchain-based legal notices, including one marked "COURT-ORDERED LEGAL NOTICE." But the latest movement adds to a growing set of named wallets that have become active since the suit was filed. Alex Thorn of Galaxy Research said 52 listed addresses have moved 34,335 BTC since the case began. On-chain data cited in the report shows the Sept. 3 transfer went to a new bc1 address and had not moved again by press time, indicating a wallet transfer rather than a confirmed sale.

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Dormant 2011 Bitcoin wallet moves 40 BTC, undercutting New York abandoned-property claim
altcoins
2026-09-03 07:13:13

Altcoin Rally Continues as Bitcoin Consolidates: HEMI, MUBARAK, EGLD Lead Gains

According to HTX data, altcoins continued their upward momentum on September 3 as Bitcoin traded sideways. The top gainers were HEMI (+29.03%), MUBARAK (+26.96%), and EGLD (+25.06%). Other tokens with double-digit gains included ARB (+17.83%), AR (+13.47%), ASTSB (+11.84%), RED (+10.59%), and APT (+10.55%). NIGHT and GPS also posted gains of 9.85% and 9.16% respectively. This broad-based rally reflects ongoing strength in the altcoin sector.

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Altcoin Rally Continues as Bitcoin Consolidates: HEMI, MUBARAK, EGLD Lead Gains
AI
2026-09-03 03:21:19

Glassdoor study finds insurance claims adjusters post the most negative AI reviews in the U.S.

A new Glassdoor study found that insurance claims adjusters are the most negative job group in the U.S. when AI comes up in workplace reviews. Mentions of AI in adjuster reviews carried a 98% negative rate, far above the 53% average for workers overall. According to the report, the frustration is less about AI as an abstract idea and more about management pushing unreliable systems into live claims workflows, where frontline staff are left to clean up mistakes. The article points to repeated complaints about misclassified claims, AI hallucinations in summaries, and extra work created by systems that were supposed to save time. Workers quoted by WIRED said customers and lawyers blame adjusters when wrong information is passed along, even if the error started with software. Glassdoor also found that anti-AI sentiment grows when workers expect layoffs or feel that an inferior product has been forced on them. Labor data cited in the piece shows the pressure is not only cultural. The U.S. Bureau of Labor Statistics projected in 2024 that claims adjuster jobs would fall by 18,900 over the next decade, down 5%, while the article says employment in the field dropped 21% from May 2025 to May 2026 and entry-level openings have fallen 50% since 2025. The report also highlights Lemonade, where AI Jim handled 96% of first notices of loss and automation covered 55% of all claims.

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Glassdoor study finds insurance claims adjusters post the most negative AI reviews in the U.S.
Tom Lee
2026-09-02 01:36:07

Morning Brief: Tom Lee Says Institutions Betting on Q4 Rally; Former SEC, CFTC Officials Urge Regulatory Easing for Crypto Perpetual Futures

Tom Lee predicts Bitcoin could reach $150,000 as institutions buy crypto stocks, calling current rally just the first wave. Former SEC and CFTC officials co-signed a letter urging risk-calibrated regulation to attract offshore perpetual futures back to the U.S. Bitfinex Securities lists 5 tokenized notes linked to Strategy and other Bitcoin reserve companies. 21 global financial institutions commit to forming a joint stablecoin company targeting 2027 launch. Other key stories: OSL Group revenue up 65.8%, Kraken parent partners with LSE to tokenize 100 UK stocks, Fed's Barr warns of rate hikes if inflation persists, Singapore MAS consults on stablecoin regulation, Thai SEC proposes allowing retail to trade overseas crypto derivatives, and more.

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Morning Brief: Tom Lee Says Institutions Betting on Q4 Rally; Former SEC, CFTC Officials Urge Regulatory Easing for Crypto Perpetual Futures
Solana Labs
2026-09-01 14:36:02

Judge dismisses Solana Labs from Burwick Law’s Pump Fun lawsuit

A federal judge has dismissed Burwick Law’s claims against Solana Labs, the Solana Foundation, and their executives in the ongoing Pump Fun case, while allowing part of the suit against Pump Fun’s parent company and several executives to move ahead. According to a court filing disclosed Monday, Judge Colleen McMahon ruled on a series of motions to dismiss, preserving certain Racketeer Influenced and Corrupt Organizations Act, or RICO, allegations tied to wire fraud, illegal gambling, and unlicensed money transmission. Those claims were brought by plaintiffs Carnahan and Okafor, while similar RICO allegations from plaintiff Aguilar were thrown out. The court also dismissed Securities Act claims tied to Pump Fun memecoins FRED and GRIFFAIN, finding they did not involve a common enterprise and therefore did not satisfy the Howey test. Crypto lawyer Ariel Givner said the ruling should not be read as a blanket statement that all memecoins fall outside securities law. In a separate part of the order, the judge told Burwick Law to explain by September 10 why 25 unnamed KOL defendants have still not been identified and served since the case was filed in January 2025.

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Judge dismisses Solana Labs from Burwick Law’s Pump Fun lawsuit
Securitize
2026-09-01 13:00:00

Securitize’s HINC Goes Live as Collateral on Solana’s Loopscale for USDG Borrowing

Securitize has brought its tokenized high-yield credit fund HINC to Solana lending protocol Loopscale, allowing eligible investors to borrow USDG against their fund shares without redeeming their positions. The move adds sub-investment-grade corporate credit to an onchain lending venue where collateral has largely been limited to Treasuries, government money-market funds, and investment-grade instruments. HINC, launched on Aug. 18 across Avalanche, Ethereum, Solana, and Sui, invests mainly in high-yield corporate bonds, with additional exposure to CLO tranches, bank loans, and other higher-yield fixed-income assets. The fund carries a $100,000 minimum subscription, a 0.60% annual expense ratio, and is limited to accredited investors and qualified purchasers that pass Securitize onboarding. Loopscale, which reports $91.3 million in TVL and $55.9 million in active loans, uses a RedStone oracle feed based on the fund administrator’s daily NAV to value HINC and manage liquidation events. The listing also highlights unresolved issues around tokenized credit as collateral, including liquidity under stress, allowlist restrictions, liquidation backstops, and the practical challenge of unwinding a NAV-priced asset within a bounded number of business days.

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Securitize’s HINC Goes Live as Collateral on Solana’s Loopscale for USDG Borrowing