ChainCatcher news, according to an official post by Morpho Labs on the X platform, the team has identified and addressed the issues that arose during yesterday's Morpho App frontend update. The related changes have now been rolled back, and the application has resumed normal operation. Morpho confirms that all user funds within the protocol are safe and unaffected, and they will release a detailed explanation later.

ChainCatcher news, according to monitoring by SlowMist founder Yu Xian, over $6 million in funds on the ZKFair L1 Bridge were transferred on March 27 to its admin-controlled Safe multi-signature address, and then transferred to an EOA address, with most entering Aave staking, which is suspicious. This EOA address is one of the owners of the ZKFair Safe multi-signature.

ChainCatcher news, OKX announced a collaboration with Standard Chartered Bank, Brevan Howard, and Franklin Templeton to launch a collateralized mirror program for tokenized money market funds under the VARA framework in Dubai.The program aims to enable institutional clients to use cryptocurrencies and tokenized money market funds as collateral for over-the-counter trading, with a global systemically important bank (G-SIB) serving as the collateral custodian.Franklin Templeton will be the first of a series of money market funds launched under the OKX-SCB program.

ChainCatcher news, according to The Block, Plume, an integrated modular blockchain built for real-world assets (RWA), announced a strategic investment from a fund managed by alternative asset management company Apollo.Plume is building an EVM-compatible environment and full-stack infrastructure to transform traditional financial instruments, carbon credits, GPUs, collectibles, and other alternative assets into composable digital assets, integrating them into its RWAfi ecosystem with novel utility. With this funding, Plume aims to accelerate the development of its modular blockchain infrastructure, designed to provide RWA on-chain services for cryptocurrency-native enterprises, traditional financial institutions, asset issuers, and more.

ChainCatcher message, Sun Yuchen published the "Seven Deadly Sins" of First Digital Trust (FDT) on social media, including: violation of fiduciary duty, misuse of client funds, unlicensed investment activities, fraud or theft, false reporting or concealment of information, violation of anti-money laundering (AML) regulations, violation of Hong Kong POBO regulations. The details are as follows:Crime 1: Violation of Fiduciary DutyAccording to the Hong Kong Trust Ordinance (Chapter 29), trustees must act with care, diligence, and loyalty. Misappropriation of client funds violates Section 4 (reasonable care obligation) and the principles of trust. Clearly, FDT will bear liability for compensation and damages in civil litigation.Crime 2: Misuse of Client FundsThe Securities and Futures (Client Money) Rules (Chapter 571) stipulate that custodial funds must not be used for the custodian's own purposes. Client assets must be held in segregated accounts, and unauthorized withdrawals are strictly prohibited. By transferring TUSD funds to ARIA DMCC without proper authorization, FDT faces enforcement actions, including fines, revocation of licenses, or criminal prosecution.Crime 3: Unlicensed Investment ActivitiesAlthough FDT is registered as a Trust or Company Service Provider (TCSP), it has no SFC license to conduct regulated activities on behalf of clients. Its so-called investment activities involving TUSD assets at ARIA directly violate the provisions of the Securities and Futures Ordinance, which prohibits engaging in regulated activities without a license.Crime 4: Fraud or TheftMisappropriation of funds with the intent to deceive clients constitutes fraud or theft. FDT conspired with accomplices (such as Aria CFF, Truecoin (Alex De Lorraine), Crossbridge/Finaport (Yai Sukonthabhund)) to cover up the misappropriation by falsifying records and claiming to have made false investments.Crime 5: False Reporting or Concealment of InformationTo cover up misappropriation or unauthorized transactions, FDT provided false statements and fraudulent documents, claiming that TUSD funds were intact and invested as instructed. This violates Section 300 of the Securities and Futures Ordinance (using fraudulent or deceptive means in securities transactions).Crime 6: Violation of Anti-Money Laundering (AML) RegulationsBy transferring misappropriated funds through complex transactions or offshore accounts to conceal their source, FDT facilitated and/or constituted a violation of anti-money laundering regulations.Crime 7: Prevention of Bribery Ordinance (POBO)The Prevention of Bribery Ordinance is the primary legislation in Hong Kong governing secret commissions. It criminalizes corrupt transactions, including agents receiving undisclosed benefits or commissions without the principal's consent. FDT/Legacy, under the direction of Vincent Chok, received secret kickbacks from DMCC in exchange for the illegal transfer of TUSD custodial funds.

ChainCatcher news, Sun Yuchen posted on platform X stating that the theft of user funds by First Digital Trust (FDT) and the misappropriation of user funds by FTX are both very serious and malicious incidents of misappropriation of user funds. However, if one must compare the severity, the severity of First Digital Trust (FDT) is even more serious, more than ten times worse than FTX. The reasons are as follows:FTX misappropriated user funds. Although users were unaware of the misappropriation, at least internally within FTX, SBF made it appear as if there was a pledge loan, representing Alameda Research, pledging a large amount of FTT/SRM/FTX shares/Maps tokens to lend user funds. At least on the surface, this looked like a loan, and a certain degree of collateral was provided based on a percentage. In contrast, FDT directly misappropriated and stole assets without user authorization and without users being aware, without even the internal collateral process.SBF misappropriated user funds from FTX without user authorization, but ultimately used them for investments, with at least the vast majority going into high-quality companies such as Robinhood and AI companies like Anthropic, without engaging in embezzlement or indulgence. In comparison, FDT currently appears to have diverted the vast majority into private companies, completely misappropriated and embezzled, without making any substantial investments.After the incident was exposed, SBF's attitude was at least proactive; he actively sought remedies, hiring law firms to find ways to recover user assets. In contrast, Vincent Chok Zhuo Junqiang, after the facts of misappropriation were exposed, still insisted on denying the truth, pretending that nothing had happened, showing great subjective malice.After the FTX incident, U.S. regulatory agencies and law enforcement quickly took action, actively intervening in the FTX bankruptcy proceedings and arresting those involved with FTX (including SBF), actively controlling the situation, helping users mitigate losses, and avoiding a significant impact on the reputation of the U.S. financial system.

ChainCatcher news, according to analysis by The Kobeissi Letter, hedge funds sold off stocks worth $40 billion in a single day on Thursday, marking the largest single-day sell-off since 2010. Data shows that the volume of short selling on that day was three times the volume of buying, with North American stock trading accounting for 75% of the total trading volume.The previous record was during the 2008 Lehman crisis when the market saw a single-day sell-off of $28 billion, which, adjusted for inflation, is approximately $42 billion today. During the COVID-19 shock in 2020, there was a net sell-off of $52 billion in a single week.

ChainCatcher news, according to official news from PsyFi, a financial tool provider in the Solana ecosystem, PsyFi (including PsyLend and Vaults) will shut down all front-end and back-end services and stop platform support on May 1, 2025. The platform has currently entered a mode that only supports withdrawals, and the official reminds users to complete fund withdrawals before this date to ensure asset safety.In addition, PsyFi stated that it may share contract addresses and IDL in the future for users who need to interact directly with the smart contracts.

ChainCatcher news, according to GlobeNewswire, the NYSE-listed company Genius Group announced that the U.S. District Court for the Southern District of New York (SDNY) has prohibited the company from selling stock to raise funds and has also prohibited the use of investor funds to purchase Bitcoin, thus forcing it to sell the Bitcoin in its treasury.It is reported that on October 30, 2024, Genius initiated arbitration to terminate the asset purchase agreement with Fatbrain AI (LZGI). LZGI shareholders filed a lawsuit against LZGI and its executives Michael Moe and Peter Ritz. However, on February 14 of this year, Michael Moe and Peter Ritz applied to the court for a Temporary Restraining Order (TRO) and a Preliminary Injunction (PI) to prevent Genius from selling any shares or raising any funds to purchase Bitcoin. The TRO was granted that day, and the PI was granted on March 13.

ChainCatcher news, according to Blockworks, WisdomTree announced that it supports institutional users to access tokenized funds on Arbitrum, Base, Avalanche, Ethereum, and Optimism through its WisdomTree Connect.WisdomTree revealed that its institutional clients have a strong interest in tokenized funds, so it specifically created a suite that truly allows any investor to build a diversified portfolio on-chain.

ChainCatcher news, according to The Block, three years ago, the Nouns community approved a proposal to invest 135 ETH (approximately $150,000 at the time) in a project called MOOØNBEANS, which planned to produce and sell high-end roasted beans using a recipe provided by Sublime Butter (a handmade butter company based in the UK). However, three years later, the project has not produced any canned roasted beans, nor is there any clear indication of where the funds went.Tony Ho, a director at Sublime Butter, stated that the funds were never used for the company, and that the company removed founder Chris Mair as a director in July 2023, accusing him of fraudulently using the brand for fundraising. Ho further claimed that the investment funds were directly transferred to Mair's personal wallet, after which the whereabouts of the funds are unknown. The Nouns DAO needs to take legal action to recover the funds, as they were never recorded in the company's accounts.

ChainCatcher news, according to analysis by BloFin Academy, President Trump's comprehensive tariff policy has exceeded market expectations, triggering a surge in global trade network costs and a trend towards economic regionalization. The rebalancing of investment portfolios towards "de-dollarization" is accelerating.Dollar-linked assets (such as U.S. stocks and altcoins) may continue to be sold off, with safe-haven funds shifting towards offshore assets like BTC, stablecoins, cash, and RWA. BTC, due to its payment system attributes and low correlation with the dollar, has become the preferred choice for safe-haven investment; while stablecoins and gold-linked tokens have clear advantages in the current risk-averse environment due to their "Eurodollar 2.0" attributes and bond correlations.

ChainCatcher message, First Digital issued an official statement on social media: "Today, Justin Sun's accusations against FDT at the press conference are unfounded. We firmly deny any claims regarding FDT's alleged involvement in coordinating plans or misappropriating funds. We want to emphasize that these accusations are completely baseless and factually incorrect.FDT acts solely as an intermediary, executing transactions at the direction of Techteryx and its authorized representatives. FDT has not, and is not obligated to, independently assess or advise on Techteryx's investments. We have never moved or invested funds without explicit written instructions from Techteryx or its authorized representatives. All reserve assets are deployed strictly according to the written instructions provided by Techteryx and its authorized representatives at the time. We have records of all written instructions as evidence.Regarding Techteryx's request for fund redemption, ARIA has expressed its anti-money laundering (AML) and Know Your Customer (KYC) concerns regarding the acquisition transaction between TrueCoin and Techteryx, as well as the identity of Techteryx's ultimate beneficial owners. As of today, Techteryx has refused to provide the information requested by ARIA.We reiterate that FDT remains fully solvent, with each FDUSD fully backed by cash and cash equivalents at a 1:1 ratio. The exact ISIN numbers of all reserve assets supporting FDUSD are clearly listed in our certification report and are available for public verification. We are processing redemption requests as usual. We are seeking legal advice, and FDT will take legal action to protect its rights and reputation."

ChainCatcher news, Sun Yuchen posted on platform X that First Digital Trust (FDT) has actually gone bankrupt and is unable to fulfill its obligations to redeem customer funds. He strongly advises users to take immediate action to protect their assets and urges regulatory agencies and law enforcement to act swiftly to address these issues and prevent further significant losses.

ChainCatcher news, the state of Alabama in the United States has passed a bill allowing the state investment council to allocate funds to BTC and cryptocurrencies.It is reported that previously, U.S. Senator Tommy Tuberville from Alabama stated that he plans to reintroduce the Financial Freedom Act on April 1, allowing Americans to include cryptocurrencies in their 401(k) retirement savings plans. This is his third attempt to push the bill through after 2022 and 2023.

ChainCatcher news, according to Bitcoin Magazine, the board of the Indian listed company Jerking has approved raising funds to purchase Bitcoin.

ChainCatcher news, according to Bitcoin Magazine, U.S. Senator Tommy Tuberville will introduce a bill that aims to allow Americans to invest their retirement funds in Bitcoin and cryptocurrencies.

ChainCatcher news, according to monitoring by SlowMist founder Yu Xian, after the zkLend hacker accidentally clicked on a phishing website, resulting in the theft of 2930 ETH in illicit funds, the hacker sent an on-chain message to zkLend stating, "Hello, I intended to transfer the funds to Tornado Cash, but I mistakenly used a phishing website, and as a result, all the funds are lost. I am devastated. I deeply apologize for the chaos and loss caused. All 2930 ETH has been taken by the operators of that website. I no longer have any coins left. Please direct your efforts towards those website operators to see if any funds can be recovered.This is my last message; perhaps ending this is the best choice. Again, I apologize."Previous news, according to monitoring by SlowMist Chief Information Security Officer @im23pds, the zkLend hacker (the original incident occurred in February) accidentally clicked on a phishing website while attempting to use Tornado Cash, resulting in the theft of 2930 ETH in illicit funds by that phishing website.

ChainCatcher news, according to the monitoring by SlowMist's Chief Information Security Officer @im23pds, the zkLend hacker (the original incident occurred in February) mistakenly clicked on a phishing site while trying to use Tornado Cash, resulting in the theft of 2,930 ETH by the phishing site.

ChainCatcher news, according to CoinDesk, Brazil's top financial policy body has banned certain pension funds from investing in crypto assets due to high risks associated with cryptocurrencies.The National Monetary Council (CMN) prohibits closed-end pension entities (EFPCs) from investing any portion of their guaranteed reserves in Bitcoin (BTC) or other digital currencies. These closed-end pension entities (EFPCs) manage the retirement savings of tens of thousands of union members and corporate employees, with their reserves typically consisting of bonds and stocks.