Policy Regulation
1 months agoNews Editor

Foresight’s weekly Web3 roundup tracks CLARITY Act changes, MetaMask split, meme coin frenzy and security shocks

Foresight News’ latest weekly Web3 roundup pulls together the stories that dominated crypto conversation over the past week, spanning meme coin speculation, U.S. regulatory debate, infrastructure shifts and fresh security incidents. On the speculative end, Hunter Biden-linked token LAPTOP launched on Base and quickly fell more than 99%, while the SLINK case on Robinhood Chain showed how a social-account compromise and celebrity association could drive a token from roughly $500,000 to $82 million before collapsing. The report also highlighted the rapid rise of trading tools built for FOMO-driven markets and a new "stock-meme" narrative on BNB Chain tied to tokenized equities. On the policy and business side, U.S. Senate Republicans released a 630-page revised CLARITY Act that would redraw oversight lines between the SEC and CFTC and bring certain "fake DeFi" projects under CFTC registration. MetaMask formally split from Consensys and repositioned itself as a broader consumer-facing financial platform, while Circle’s Chelsea sponsorship raised questions in Hong Kong over cross-border promotion of an unauthorized stablecoin. Foresight also noted the launch of Solana prediction market site world.xyz, which went offline temporarily on day one after traffic surged. Security stories remained central. Singaporean defendant Malone Lam pleaded guilty in a case tied to the theft of 4,100 BTC, Liquid halted operations after an attacker used abnormal L-BTC to redeem nearly 4,000 BTC, and WOO X faced scrutiny over multi-day withdrawal delays reported by users and highlighted by ZachXBT.

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Foresight’s weekly Web3 roundup tracks CLARITY Act changes, MetaMask split, meme coin frenzy and security shocks
India
1 months agoNews Editor

India’s FIU flags 15 offshore crypto platforms over AML registration failures

India’s Financial Intelligence Unit, FIU-IND, has issued compliance notices to 15 offshore crypto platforms, alleging they continued to serve Indian users without registering under the country’s anti-money laundering framework. The list includes Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT and Guardarian. According to the notice, India’s rules apply to any crypto platform serving users in the country, even if the company has no physical office there. The move marks FIU-IND’s second major enforcement wave after action in 2023 against nine larger offshore exchanges including Binance, Kraken and KuCoin. India had brought crypto platforms under the same AML regime as banks in March 2023, requiring registration, know-your-customer checks, recordkeeping and suspicious transaction reporting. Days before the latest action, The Economic Times reported that Indian users were converting stablecoins such as USDT into gift cards through platforms in Sweden, Germany and Singapore, then using them back in India for groceries, fuel and gold. FIU-IND also warned the public that crypto products and NFTs are currently unregulated and that losses tied to such platforms may have no regulatory remedy.

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India’s FIU flags 15 offshore crypto platforms over AML registration failures
WOO X
1 months agoNews Editor

WOO X Addresses Withdrawal Delays, Warns Users of Scams

WOO X issued a statement on September 6 addressing user withdrawal delays. The platform acknowledged reports of processing time issues and is reviewing cases and system status. Some requests may still be under review or in on-chain processing; the team is working to resolve them. Users experiencing delays can submit UID, order ID, time, asset, network, and screenshots via official channels. The platform warned against unsolicited messages and sharing passwords, seed phrases, private keys, or verification codes. It also reserved the right to take legal action against false information. Previously, on-chain detective ZachXBT issued a community alert that multiple verified WOO X users reported withdrawals stuck in "pending" or "processing" status over the past three days.

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WOO X Addresses Withdrawal Delays, Warns Users of Scams
WOO X
1 months agoNews Editor

WOO X Users Report Withdrawal Delays, Cancelled Trades; ZachXBT Highlights Acquisition Link

Over the past three days, multiple verified WOO X users have reported their withdrawal requests are stuck in pending or processing status, with some trades being cancelled. On-chain detective ZachXBT noted that WOO X was acquired by FusionX Digital in Q4 2025, a company reportedly linked to BitMart founder Sheldon Xia. WOO X has not yet issued a statement regarding the withdrawal issues.

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WOO X Users Report Withdrawal Delays, Cancelled Trades; ZachXBT Highlights Acquisition Link
WOO X
1 months agoNews Editor

WOO X Withdrawal Issues Flagged by ZachXBT; Users Report Pending Status

On September 6, on-chain sleuth ZachXBT issued a community alert about WOO X withdrawal issues. Multiple verified users reported withdrawals stuck in 'pending' or 'processing' for three days. WOO X, incubated by Kronos Research and acquired by FusionX Digital in Q4 2025, hasn't responded. ZachXBT noted FusionX Digital's alleged ties to BitMart founder Sheldon Xia. BitMart ceased operations on July 26, 2026, leaving millions in user funds inaccessible, with complaints mounting on X. Sheldon Xia issued only a vague statement claiming funds are safe, but it remains unverified.

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WOO X Withdrawal Issues Flagged by ZachXBT; Users Report Pending Status
WOO X
1 months agoNews Editor

WOO X Users Report Withdrawal Delays as ZachXBT Raises Concerns

Blockchain detective ZachXBT revealed that multiple verified users of WOO X have faced withdrawal delays for three days, with requests stuck on 'pending' or 'processing'. WOO X, incubated by Kronos Research and acquired by FusionX Digital in Q4 2025, is linked to BitMart founder Sheldon Xia. BitMart ceased operations in July 2026, leaving some users unable to withdraw funds, sparking complaints on X. WOO X has not yet commented on the delays.

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WOO X Users Report Withdrawal Delays as ZachXBT Raises Concerns
BitMart
3 months agoNews Editor

WOO X ambassador details BitMart withdrawal review requirements

ChainCatcher reported that WOO X ambassador Baki commented on details tied to BitMart’s official withdrawal notice, saying on X that the exchange had restricted user withdrawals on security grounds and that shutting down automatic withdrawals could leave a large number of users unable to complete fund transfers. He said the platform had shifted withdrawals to a manual review process covering identity and KYC checks, login device and IP address verification, account security review, withdrawal address and blockchain transaction risk screening, source-of-funds and trading-history checks, plus Travel Rule compliance and sanctions screening. Baki added that users may also be asked to provide extra documents, including proof of identity, proof of address, proof of source of funds, or proof of ownership of the withdrawal address. He also suggested that users with a P2P option could withdraw through that route to a bank account, while arguing that the crypto market is not decentralized and is instead controlled by a small number of large groups, exchanges, and capital providers.

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WOO X ambassador details BitMart withdrawal review requirements