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Terraform Labs co-founder Do Kwon, responsible for the 2022 TerraUSD and Luna collapse that wiped out $40 billion in investor funds, was sentenced to 15 years in U.S. federal prison on December 11, 2025. The saga continues, as South Korean authorities prepare for a separate trial upon his possible return. US Sentencing Details In Manhattan federal court, Judge Paul Engelmayer …

HashKey Holdings Ltd., operator of Hong Kong’s largest licensed cryptocurrency exchange, has priced its initial public offering (IPO) toward the upper end of the range, raising HK$1.6 billion (~$206 million). The pricing signals robust investor demand and bolsters Hong Kong’s ambitions as a regulated digital asset hub. IPO Details On December 15, 2025, sources confirmed HashKey sold 240.6 million shares …

Bitcoin (BTC), the leading cryptocurrency, is hovering around the $90,000 level as December 15, 2025, trading volumes thin out during the holiday season. After reaching all-time highs near $126,000 earlier this year, BTC has entered a consolidation phase, reflecting reduced market activity and investor caution. Current Market Snapshot On December 15, Bitcoin prices range from approximately $88,500 to $90,800 across …

Binance, the world’s largest cryptocurrency exchange, has denied allegations of delaying or inadequately responding to requests to freeze funds stolen in the November 27, 2025, Upbit hack. South Korean investigators traced portions of the ~$30-37 million in laundered Solana-based assets to Binance, sparking criticism over the exchange’s actions. The Upbit Breach On November 27, hackers exploited Upbit’s Solana hot wallet, …

A critical vulnerability in React Server Components (CVE-2025-55182) is being actively exploited by cybercriminals, enabling remote code execution on vulnerable websites and raising alarms across the cryptocurrency sector. Security researchers report a surge in crypto-draining attacks targeting Web3 platforms. What Happened? Attackers are leveraging the flaw to inject malicious scripts into legitimate crypto sites. These scripts intercept wallet interactions in …