secret

According to Bitcoin.com, the U.S. Attorney's Office for the District of Columbia and the U.S. Secret Service Washington Field Office announced that a cyber fraud task force has seized over $25 million in cryptocurrency as part of multiple investigations related to international fraud schemes targeting residents of the United States and Canada. The U.S. Attorney for the District of Columbia has filed five civil forfeiture complaints seeking the forfeiture of the recovered cryptocurrency.Investigators have confirmed multiple money laundering networks and thousands of victims globally, with the largest complaint involving a romance scam affecting over 200 victims, totaling approximately $12.1 million. Another complaint involves a network of suspicious cryptocurrency wallets reported by Canadian authorities to the U.S. Secret Service, amounting to about $10.4 million.Agents tracked over 270 suspected victim transactions related to fraudulent investment platforms, with these two cases accounting for approximately 85% of the assets involved in the five forfeiture complaints. The remaining cases involve blocked withdrawals, fake investment accounts, and recovery of fraud. Investigators stated that most suspected money launderers are located in Southeast Asia and identified internet protocol addresses associated with China, Malaysia, and Cambodia; the five investigations are still ongoing.

Finance Minister Scott Bessent posted on the X platform, expressing support for open-source AI and the innovations it brings, but stated that open-source is not an excuse to arbitrarily infringe on U.S. intellectual property rights.If Chinese companies engage in secret, industrial-scale extraction attacks and cross the line into intellectual property theft, sanctions will be considered, and they will be placed on the entity list.

According to Cointelegraph, U.S. Treasury Secretary Scott Bessent stated that lawmakers have entered the "final sprint phase" for the Clarity Act, urging Congress to pass the bill before the recess.

According to monitoring by Catcher Predict, in the event "LoL: Team Secret vs Karmine Corp - Esports World Cup Group B" on the prediction market Polymarket, the "Over" option for the sub-market "Total Kills in Game 2 Exceeds 27.5" experienced a sharp fluctuation in win rate, dropping from 74% an hour ago to the current 51% (a fluctuation of 23%). Please note the impact of relevant breaking news.

According to Jinshi, the U.S. Secretary of Defense stated that if Trump gives the order, the U.S. will strike Iran tonight.

According to CoinDesk, Wall Street market-making giant Citadel Securities has abandoned its U.S. trade secret lawsuit against crypto market maker Portofino Technologies and is instead seeking to recover nearly £6 million in arbitration compensation previously awarded through the UK bankruptcy process.On Wednesday, Citadel submitted documents to a U.S. court, jointly requesting the dismissal of the New York trade secret case with Portofino, stating that continuing the U.S. litigation lacked economic significance, as the judgment won in the London arbitration remains difficult to enforce.It is reported that this case lasted nearly three years, but the U.S. litigation ultimately did not make a substantive ruling on the trade secret allegations previously raised by Citadel. Citadel emphasized that the withdrawal of the lawsuit is not due to a lack of basis for its trade secret claims, but rather because the company has already achieved a victory in another London arbitration proceeding.

According to official news, the privacy public chain Secret Network announced that it will migrate to the Arbitrum ecosystem, and the SCRT token will be converted to an ERC-20 token on Arbitrum. The migration is scheduled for a snapshot on September 1, 2026. Native SCRT and staked SCRT will be automatically migrated, but sSCRT, SCRT in contracts or liquidity pools, SCRT cross-chain to other chains, and IBC bridge tokens are not included in the migration scope and must be converted to native or staked status before September 1.After the migration, SCRT will still be a governance token, and the team proposes to reduce the inflation rate from 9% to 5%. After the migration is completed, SCRT Labs will stop maintaining Secret Network and open source all code. This proposal needs to be voted on by community governance. Coingecko data shows that the SCRT token is currently priced at $0.03965, with a 24-hour decline of 30.7%.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale invested $58,598.76 in a single bet on the "Match Winner" for the event "LoL: Team Secret Whales vs. Top Esports - Mid-Season Invitational Playoffs." Based on the current transaction price, the latest corresponding winning probability for this bet is 14.98%.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: Hanwha Life Esports vs Team Secret Whales - Mid-Season Invitational Playoffs," the option "Hanwha Life Esports" in the sub-market "Game 3 Winner" has experienced significant fluctuations in winning probability, dropping sharply from 93.5% an hour ago to the current 73.55% (a fluctuation of 19.95%). Please note the impact of related breaking news.

The blockchain research organization Common Prefix disclosed that on June 10, hackers exploited a vulnerability in the Secret Network and Axelar cross-chain bridge contract to forge deposits and mint uncollateralized tokens, subsequently cashing out approximately $4.67 million.The attack went undetected for seven days until a normal cross-chain transfer failed due to insufficient funds in the escrow account on June 17, revealing the anomaly. The root of the vulnerability lies in the fact that when the contract changed from an escrow model to a minting model, it deleted two key functions responsible for verifying the source of transfers, and it had never undergone an external audit since its deployment in early 2023. Secret Network pointed out that the Axelar bridging infrastructure failed to trigger any effective anomaly monitoring or emergency pause mechanism before the assets were stolen on a large scale.The stolen funds were routed through Osmosis to Ethereum and exchanged for ETH on CoW Protocol, then dispersed into exchanges such as KuCoin, ChangeNow, and HitBTC. Currently, approximately $672,000 remains in the attackers' Axelar wallet. Secret Network has requested Axelar to freeze that address, but the request was denied. Axelar emphasized that its core protocol was never affected, and the exploited contract was not developed or maintained by Axelar. Currently, Axelar has disabled the related cross-chain connections and stated that it is coordinating follow-up actions with exchanges and law enforcement agencies.

According to Bloomberg, citing informed sources, the operating entity of Xiaohongshu, Xiaohongshu Technology Co., Ltd., is preparing to secretly submit its initial public offering application in Hong Kong by the end of June. The report states that the company is advancing potential listing matters with advisors, and this transaction is expected to rank among the large IPOs in Hong Kong in recent years. However, details such as the listing time, fundraising scale, and valuation have not yet been finalized, and discussions are still ongoing.Xiaohongshu was founded in Shanghai in 2013, with investors including Tencent, Alibaba, Sequoia China, Hillhouse Capital, and GGV Capital. In the 2024 financing round, Xiaohongshu's valuation was approximately $17 billion. With business growth, Xiaohongshu's valuation soared to $31 billion in secondary market trading in September 2025, and it predicted to shareholders that the full-year profit for 2025 would reach approximately $3 billion.

According to a report by Jiemian News, Ant Group is secretly testing an AI version of Alipay, which disrupts the original user interaction and allows users to access a native AI interface with one click, achieving intelligence in service and fund management.The news states that the launch time for the new version is not yet determined. Ant Group declined to comment.

OpenAI announced that it has recently submitted a confidential S-1 registration statement draft to the U.S. Securities and Exchange Commission (SEC). OpenAI stated that it expects this news may leak, so it chose to proactively disclose it. It has not yet decided on a specific listing time, which may still take some time, as some matters may be easier to complete as a private company.OpenAI stated that this is a complex balancing process, and submitting the confidential S-1 draft will reserve the option for the company to go public earlier, provided that going public is deemed the best choice in the future. The announcement also stated that the statement is issued under Section 135 of the revised Securities Act of 1933, does not constitute an offer to sell securities, nor does it constitute a solicitation of an offer to purchase any securities. Any issuance of securities, solicitation of purchase offers, or sales activities will be conducted in accordance with the registration requirements of the Securities Act.

U.S. Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that the Treasury is steadily advancing the establishment of a strategic Bitcoin reserve. At the same time, Scott Bessent urged lawmakers to support the digital asset regulatory bill Clarity Ac and expressed hope that the bill could pass this summer to bring the best practices of the U.S. to the domestic market, making the U.S. the capital of global innovation. Regarding the strategic Bitcoin reserve, Scott Bessent pointed out that although the process is complex, it is moving forward, ensuring that best practices are adopted in the complex process so that it can be sustainable in the future.