ChainCatcher news, according to Yonhap News Agency, Kim Byoung-hwan, chairman of the Financial Services Commission (FSC) of South Korea, announced that the government will take strong measures to prevent virtual assets from becoming a "loophole" in the anti-money laundering system.At the 18th Anti-Money Laundering Day ceremony, Kim Byoung-hwan emphasized that cases of virtual assets being misused for illegal activities are not uncommon.He also added that future amendments to the Foreign Exchange Transaction Act will require virtual asset service providers participating in cross-border transactions to register in advance and report transaction details to ensure that virtual assets are not used for illegal fund transfers or tax evasion.

ChainCatcher news, Ethereum Layer 2 protocol Loopring has reported multiple hacking incidents affecting Loopring smart wallet users, stating that the recent events are actually a mix of two independent but interconnected incidents, ultimately leading to some affected Loopring smart wallet users losing funds. In April, the Loopring relayer was attacked, resulting in the loss of internal assets for the team, and in June, the Loopring wallet addresses suffered a subsequent attack, causing 58 user addresses to lose funds. Although users are ultimately responsible for the security of their self-custody to ensure protection against centralization and single points of failure, the Loopring team is willing to collaborate with more law enforcement and security teams to help users recover lost assets.Loopring stated that in light of this incident, we are shifting resources and core focus to the multi-network Loopring Layer 3 and Loopring DeFi DApp product suite. The Loopring Wallet will remain open to existing users, but mobile development efforts will shift towards optimizing the Loopring DeFi DApp.

ChainCatcher news, according to the official website, Loopring now supports the OKX Web3 wallet. Users can trade, exchange, and explore Ethereum L2 and more through the OKX Web3 wallet on Loopring. According to the official introduction, the Loopring protocol is a zkRollup protocol specifically designed for application development, a relayer, a non-custodial exchange on L2, and a smart wallet. Users can use, trade, and store assets within it while allowing their assets to grow.It is reported that the OKX Web3 wallet is an industry-leading one-stop Web3 gateway, now supporting over 100 popular public chains, with a unified experience across app, extension, and web.

ChainCatcher news, according to insider emilyjnicolle, Binance is addressing a loophole that allows large brokers to offer higher VIP levels for their clients and pocket the spread. It eliminates a key revenue source for some brokers and disrupts Binance's top VIP users.

ChainCatcher news, according to Decrypt, the Avalanche shooting game BloodLoop has launched on the Epic Games Store and kicked off its first season airdrop event. Players can now log into BloodLoop to complete daily and weekly tasks to earn points, which will be ranked at the end of the event to determine the amount of tokens allocated.

According to ChainCatcher news reported by The Block, the cryptocurrency exchange platform Kraken has increased support for Copper's ClearLoop, allowing institutional clients to settle trades on Copper's infrastructure rather than on the exchange itself.ClearLoop enables such traders to trade virtual balances on the exchange while actual settlements occur on their own network. This means that the token balances of these traders are guaranteed by Copper, rather than being stored on the exchange. This move helps institutional clients reduce the risk of funds being stolen.

ChainCatcher message, Loopring states that users must claim the TAIKO airdrop from the Loopring protocol community before July 4th. Users only need to check the eligibility of their Loopring protocol L2 activated wallet on their website, and then paste the new Taiko mainnet address to receive the airdrop.

ChainCatcher message, Loopring has released an update on the X platform regarding the previous security incident: "We are working with SlowMist and several other security experts and relevant institutions to continue investigating the attack on the smart wallets. Loopring will soon provide more information to the community. Security and user protection remain Loopring's top priority."Yesterday's news reported that some Loopring smart wallets were attacked due to a security vulnerability. This attack exploited a wallet with only one guardian, specifically the official Loopring guardian. The hacker initiated the recovery process, impersonating the wallet owner to reset ownership and extract assets.The attack successfully compromised Loopring's 2FA service, allowing the hacker to impersonate the wallet owner and obtain recovery approval from the official guardian. Subsequently, the attacker transferred assets out of the affected wallet.Loopring stated that it is currently actively collaborating with Mist security experts to determine how its 2FA service was compromised. To protect users, operations related to Guardian and 2FA have been suspended.Loopring is working with law enforcement and professional security teams to track down the perpetrators.

ChainCatcher news reports that, according to Cyvers Alerts monitoring, the attacker of the Ethereum Layer 2 protocol Loopring has transferred assets from the affected users' wallets to the hacker's address. All stolen digital assets have been exchanged for ETH, and the hacker's address currently holds 1,373 ETH, worth over 5 million dollars.Previous news indicates that some Loopring smart wallets were attacked due to vulnerabilities, and the team is working with law enforcement and security teams to track down the attacker.

ChainCatcher message, Ethereum Layer 2 protocol Loopring stated on social media: "A few hours ago, some Loopring smart wallets encountered a security vulnerability attack. This attack specifically targeted wallets with only one Guardian, especially those using the official Loopring Guardian. The hacker initiated the recovery process, impersonating the wallet owner to reset ownership and withdraw assets.This attack successfully compromised the Loopring protocol's 2FA service, allowing the hacker to impersonate the wallet owner and obtain recovery approval from the official Guardian. Subsequently, the attacker transferred assets out of the affected wallets.We are actively collaborating with Mist security experts to determine how our 2FA service was compromised. To protect our users, we have temporarily suspended Guardian-related and 2FA-related operations. Following this action, the attack has ceased.The protocol is working with law enforcement and professional security teams to track down the attackers. Once the investigation makes progress, we will continue to provide updates."

ChainCatcher message, Loopring announced on platform X that the TAIKO airdrop for the Loopring community has been released. Users need to go to the claim page link, activate their Loopring L2 wallet, and check if they are eligible. If eligible, they need to bind their Taiko mainnet activated wallet to receive the tokens.

ChainCatcher message, Loopring stated on social media that it has launched a multi-network Loopring smart wallet, which will be launched in a few days alongside the Taiko mainnet. Users will be able to deploy multiple smart accounts using the same address across multiple networks, all managed by a unique EOA wallet.

ChainCatcher news, Ethereum Layer 2 protocol Loopring announced on social media that the protocol has received 2.5 million TKO, which will be distributed to its loyal community users. Next week, the airdrop check and claim portal will be officially launched, containing more details about the eligibility criteria.

ChainCatcher message, Sui Network announced that its Move 2024 version has been launched on the mainnet. The Move 2024 version offers new features, including method syntax, position fields, and loop labels, making it easier to write Move and more readable. There are two options to migrate projects to the Move 2024 Beta version: delete the existing Move.lock file (if it exists) to ensure the use of the latest sui-framework version; or run the automatic migration in the root directory of the Move project.

ChainCatcher news, the Biden administration released the 2025 budget proposal on March 11, which includes provisions for a series of regulatory measures for digital assets.It is expected that the proposed rules for digital assets by 2025 will generate nearly $10 billion in additional tax revenue. Among these, it is anticipated that applying anti-money laundering rules to digital assets alone could raise over $1 billion in taxes in the 2025 fiscal year; incorporating digital assets into fair market valuation rules (which require taxation based on the current market value of securities rather than the purchase price) is expected to generate an additional $8 billion in revenue that same year. Additionally, the proposal also imposes a consumption tax on cryptocurrency mining operations.

ChainCatcher news, according to Lookonchain monitoring, a certain whale withdrew 8,000 ETH (approximately 32.3 million USD) from Binance today, then deposited it into Maker through another address and borrowed 21.7 million DAI.Subsequently, the whale exchanged 21.7 million DAI for 21.7 million USDC and deposited it into Binance to purchase more ETH.