ChainCatcher news, Coinbase's product head Dor posted on the X platform stating that this week they handled a fraud case. After choosing to pause transactions and request more information from users regarding the transactions, they decided to deny the transaction and restrict the account due to the inability to contact the account owner, in order to prevent account theft. The goal is to protect users from unauthorized account access and withdrawals, but this has led to frustration for a legitimate user (who must go through the account recovery process).Coinbase is balancing this situation and has already reduced account restrictions by over 80%. In the past few weeks, they have optimized and improved their fraud models by about 20%, and have also upgraded their infrastructure to continuously retrain multiple models. Coinbase CEO Brian Armstrong responded that it is crucial for the platform to reduce account restrictions while ensuring customer safety, and finding the right balance is essential.

ChainCatcher message, NOYA.ai official stated on the X platform: "A potential vulnerability has been discovered on NOYA. The team has launched a comprehensive investigation. We will keep the community updated on our progress. In the meantime, please refrain from using it."Additionally, NOYA.ai responded in the Discord community that currently there is no risk to user wallets, and no additional actions are required. The team is advancing the recovery process and expects to release a detailed announcement tomorrow morning. The official stated that this incident was triggered by an overreaching developer, and the situation is complex and being handled with full effort.

ChainCatcher news, according to Cointelegraph, South Korean internet security agencies have revealed that North Korean hackers are now using ChatGPT to automate cryptocurrency theft.

ChainCatcher news, according to Cointelegraph, Kaspersky has discovered a new virus named SparkKitty, specifically targeting iOS and Android cryptocurrency applications, stealing mnemonic phrase screenshots from users' photo albums. Affected applications include "Coin" on the App Store and the SOEX messaging app, which has over ten thousand downloads on Google Play.This virus originates from the same source as the previously discovered SparkCat, with active time tracing back to early 2024, primarily attacking users in Southeast Asia and China.

ChainCatcher news, according to Cointelegraph, the token HAI of the Web3 security company Hacken has plummeted by 97.1%, currently priced at approximately $0.009023, with a 24-hour decline of 40.7%. The security monitoring agency stated that this crash is suspected to be due to a contract permission vulnerability exploited by attackers, resulting in approximately $2.3 million in assets being anomalously transferred.Hacken has confirmed the incident in a post on the X platform and advised users holding assets on the affected network to temporarily halt asset transfer operations and await further investigation results.

ChainCatcher news, according to official information, CoinMarketCap has announced on the X platform that it has identified and removed malicious code from its website, and the team is continuing to investigate and take measures to enhance security.Previously, there were reports that a malicious pop-up for "wallet verification" appeared on the CoinMarketCap official website, and the official tweeted to remind users not to connect their wallets.

ChainCatcher news, according to The Block, Uniswap Labs, Morpho, Maple Finance, Kiln, and Steakhouse Financial have partnered with security companies Cantina and Secureum to establish a new security and governance framework designed specifically for compliance, called Web3SOC.Web3SOC is a classification framework aimed at enhancing the security and collaboration of DeFi by providing a structured approach for institutions and organizations to assess the "maturity" of projects. These standards include a self-assessment tool to measure the readiness for institutional collaboration, as well as a set of project "maturity levels" to determine whether they are ready for use by major institutions.

According to Chain Catcher news and reported by DL News, Ravindra Kumar, the founder of Self Chain, has recently been accused of being involved in a $50 million off-exchange crypto scam, where he defrauded investors through fake token trades. Kumar issued a statement on the X platform firmly denying the allegations, stating that the claims are "completely false," and that his legal team is preparing to draft a response statement.The scam involves off-exchange trading of tokens from several well-known projects, including Sui, Near, Axelar, and Sei. Mohammed Waseem, CEO of Indian off-exchange broker Aza Ventures, revealed that his company has inadvertently facilitated dozens of fraudulent transactions over the past few months. While the initial trades were legitimate, they later evolved into a Ponzi scheme, with the seller operating under the code name "Source 1," implementing fraud through delayed token delivery. Waseem claims to have contacted Indian authorities and promised to refund defrauded investors, but his personal funds have been depleted due to advances. Currently, "Source 1" has promised to start returning funds by the end of June. Notably, before the scam was exposed, several industry figures, including Mysten Labs co-founder Adeniyi Abiodun and MultiversX co-founder Lucian Mincu, had repeatedly warned about the existence of fake off-exchange trades.

According to Chain Catcher news and reported by DL News, Ravindra Kumar, the founder of Self Chain, has recently been accused of being involved in a $50 million off-exchange crypto scam, where he allegedly defrauded investors through fake token trades. Kumar issued a statement on the X platform firmly denying the allegations, claiming that the accusations are "completely false," and stated that his legal team is preparing to draft a response statement.The scam involves off-exchange trading of tokens from several well-known projects, including Sui, Near, Axelar, and Sei. Mohammed Waseem, CEO of Indian brokerage Aza Ventures, revealed that his company inadvertently facilitated dozens of fraudulent transactions over the past few months. While the initial trades were legitimate, they later evolved into a Ponzi scheme, with the seller operating under the codename "Source 1," implementing fraud through delayed token delivery. Waseem claimed to have contacted Indian authorities and promised to refund the defrauded investors, but his personal funds have been depleted due to advances. Currently, "Source 1" has promised to start returning funds by the end of June. Notably, before the scam was exposed, several industry figures, including Mysten Labs co-founder Adeniyi Abiodun and MultiversX co-founder Lucian Mincu, had repeatedly warned about the existence of fake off-exchange trades.

ChainCatcher news, Binance founder Zhao Changpeng (CZ) recently posted a warning on social media X that artificial intelligence has been used for new types of deepfake hacking attacks, and even video call verification methods will soon become ineffective.Zhao Changpeng emphasized: "Do not install software from unofficial links, especially those from 'friends', as their accounts may have been hacked."

ChainCatcher News: U.S. President Trump will hold a National Security Council meeting at 11 AM Eastern Time on Friday (11 PM Beijing Time), and the market may experience volatility.

ChainCatcher news, according to Cointelegraph, the development company focused on post-quantum cryptography, Project Eleven, has completed a $6 million financing round aimed at helping Bitcoin and other digital assets withstand future quantum computing threats. This round of financing was co-led by Web3 investment firm Variant Fund and quantum technology investor Quantonation.Project Eleven's first product, Yellowpages, is a cryptographic registry that allows users to create quantum-resistant proofs, linking current Bitcoin addresses to new secure addresses without relying on on-chain activity. Project Eleven CEO Alex Pruden stated that this financing will help the company build "the tools, standards, and ecosystem necessary to ensure digital assets remain secure in a post-quantum world."

ChainCatcher News, the official reminder released by the China Internet Finance Association under the People's Bank of China, warns against pyramid schemes involving virtual currencies (new coin issuance only rises and never falls, excessive member benefits for development, obtaining membership through coin purchase, hierarchical development of upper and lower lines), "air coins" schemes (decentralized blockchain innovation projects, XX coin skyrocketing in price after launch, instant gifts of XX coins for subscribing to new projects, recommendations of XX coins by certain big names), and platform schemes (free virtual currency gifts for registration and trading, massive platform trading, quick withdrawals). These projects often carry out pyramid scheme fraud and other illegal activities under the guise of "decentralized blockchain innovation projects" and similar banners.

ChainCatcher message, Slow Mist founder Yu Xian stated, "To verify the situation of WeChat account theft, attackers use leaked account passwords (various leaked data may be found) combined with the target user's frequently contacted friends (even those who have just been added as friends or interacted in groups) to obtain a 6-digit verification code to carry out the theft. Attackers often strike late at night, focusing on scams in the cryptocurrency OTC market. It is recommended to be cautious when adding friends on WeChat, change passwords promptly, and pay attention to WeChat's abnormal login risk alerts."

ChainCatcher news, according to The Wall Street Journal: U.S. officials say that the Trump National Security Council meeting did not make a final decision on the Israel-Iran issue. (Jin Shi)

ChainCatcher news, according to market news, U.S. President Trump will hold an emergency meeting of the National Security Council today to discuss the U.S. position in the Middle East situation.

ChainCatcher news, according to The Block, Interchain Labs has confirmed that between 2022 and 2024, an individual later identified as being linked to North Korea contributed to the Cosmos codebase while employed by a former maintainer.The individual had limited access to the cosmos/IAVL and cosmos/cosmos-sdk codebases, and most of their contributed code has been deprecated or excluded from the roadmap, with independent audits finding no security vulnerabilities. To support transparency, ICL will offer a month of double bounties on the Cosmos HackerOne page for discovering vulnerabilities related to this participant's GitHub account.After ICL took over core stack development, new security protocols were implemented to prevent further contributions, and the individual was denied reapplication for a position. ICL has conducted security upgrades on all Cosmos core codebases and will deprecate the related codebases in the future. This incident highlights the need for stringent security protocols in the Web3 and broader technology sectors.

According to ChainCatcher news, as disclosed by Slow Fog founder Yu Xian, individual cryptocurrency investors have encountered multiple large-scale theft incidents in the past week, including two cases with losses exceeding $1 million, one case exceeding $2 million, and the highest single loss reaching $6.5 million. Smaller theft incidents occurred more frequently, but specific data was not disclosed.