Coinbase2026-07-12 17:54:09Coinbase helps Singapore police block more than $4.2 million in crypto scam lossesCoinbase worked with Singapore police to identify and block more than $4.2 million in cryptocurrency scam funds, preventing losses for over 145 potential victims. The effort was carried out under Singapore’s anti-scam collaboration framework, SAFE, with Coinbase monitoring suspicious transactions alongside law enforcement and freezing related assets in time. Authorities have not disclosed details about the scam group involved, and it remains unclear whether a criminal investigation has been launched. The update was cited by Cointelegraph.1790
Safe2026-07-09 13:26:13Safe Launches Safenet Beta to Give SAFE Token a Staking Role in Network SecuritySafe has unveiled Safenet Beta, allowing SAFE holders to delegate stake to genesis validators and help secure the network. The move expands SAFE beyond governance into an active security role.400
crypto illega2026-07-01 03:21:39Shanghai Prosecutors Crack $28M Crypto Cross-Border Illegal Exchange Case, Sentencing Up to 6 YearsShanghai Jing'an District Procuratorate has indicted a cross-border virtual currency illegal exchange case involving over 200 million yuan (approximately $28 million). Five main defendants, including Li, received prison sentences ranging from 2.5 to 6 years and fines between 300,000 and 1.5 million yuan. The scheme was orchestrated by Company Z, registered offshore in 2019, which used a 'private banking' facade and a fake crypto app to attract clients. Using a 'book-transfer' (duikang) method, the firm collected domestic clients' crypto into overseas wallets and settled fiat currency overseas without any actual cross-border fund flows. The State Administration of Foreign Exchange (SAFE) detected the anomaly in July 2024 and referred the case to police via the 'administrative-criminal linkage' mechanism. A total of nine suspects have been arrested; one mastermind remains under investigation. The case highlights the growing use of crypto assets in underground banking and underscores the need for stricter regulatory oversight.1940
Zodiac2026-06-20 08:19:54Zodiac Post-Mortem Says ERC-1271 Validation Flaw Allowed Module Authentication BypassZodiac published a full post-mortem on the June 1 incident affecting Zodiac Roles Modifier v2.1.0 and Delay Modifier v1.1.0. The team said its ERC-1271 contract-signature check accepted signatures based only on the returned magic value without verifying that the call had succeeded, allowing a failed check to appear valid in a narrow Safe configuration.540
Zodiac2026-06-20 08:19:54Zodiac Post-Mortem Says ERC-1271 Verification Flaw Allowed Module Authentication BypassZodiac published a post-mortem on the June 1 incident affecting Zodiac Roles Modifier v2.1.0 and Delay Modifier v1.1.0. The root cause was an ERC-1271 contract-signature check that accepted a signature based only on the returned magic value without confirming that the call had succeeded.520
