Security Incidents

The USD stablecoin USD1 of the cryptocurrency project World Liberty Financial supported by the Trump family was subjected to an organized attack on . The price once dropped to $0.9942. The attackers hacked into multiple founders' accounts and spread rumors, attempting to profit from it. However, officials emphasized that the stability mechanism and asset reserves of USD1 remain intact, and the coin price has stabilized back to the $1 level. This incident highlights the security and market trustworthiness of the currency.

Onchain investigator ZachXBT announced a major investigation regarding insider trading within a crypto company, set to be revealed on February 26. Market speculation centers around the Meteora protocol on Solana, currently deemed the highest suspect.

A 38-year-old Chinese businessman surnamed Wang was kidnapped and killed in Turkey, with the suspects having a debt dispute with him. Wang was kidnapped by 4 suspects while dining with a female friend, who pretended to be uninvolved. Police discovered his body, and the suspects have been arrested, including the woman who was in collusion with them.

The High Court of the United Kingdom held an asset disposal hearing on February 16 to 17 regarding the Blue Sky Grey Money Laundering Case involving over 60,000 Bitcoins. More than 11,300 Chinese victims plan to submit claims for recovery, accounting for only about 8.8% of the total 128,409 victims. According to the UK's Proceeds of Crime Act, all victims can register evidence and assert their recovery rights at the High Court before May 22, 2026.

An investment company in Tsim Sha Tsui, Hong Kong, that provides cryptocurrency settlement services, has approximately 20 clients who have reported their USDT accounts being hacked starting from January 2026. The total loss amounts to 2.67 million USDT, equivalent to about 20.87 million HKD. After an investigation, the police arrested 34-year-old network engineer Cai on February 23 on suspicion of theft. He is suspected of unauthorized access to the company's database and viewing customer account information.

The Third Branch of the Thai Immigration Bureau recently arrested a Chinese man (alias Mr. Duan) in a luxury residential area in Bang Phli, Samut Prakan Province. He is suspected of leading the BHE Exchange cryptocurrency platform scam, which affected over 20,000 victims and resulted in estimated losses of more than $128 million (approximately 900 million RMB). The suspect fled China in 2024 and has been hiding in Thailand. Chinese authorities have issued an arrest warrant for him on charges of fraud.

PANews February 24 News, according to Sing Tao Daily, a Hong Kong investment company providing cryptocurrency settlement platforms has about 20 clients reporting the loss of 2.67 million USDT, with a total loss of approximately HKD 20.87 million. After an investigation, police arrested a 34-year-old network engineer surnamed Cai yesterday. The individual is suspected of using his position to access the company's database without authorization, query client account information, and is suspected of stealing digital assets. This case is now handled by the Ninth Team of the Criminal Investigation Division of Yau Tsim Police District in Hong Kong, and several officers have visited the company to collect evidence.

The DeFi platform Step Finance based on the Solana blockchain announced on February 24, 2026, that it will cease all operations immediately. The shutdown was caused by a security breach in the treasury on January 31, which resulted in approximately 261,854 SOL (worth about $29 million) being stolen. After evaluating all financing and acquisition options, the company was unable to find a viable solution.

Bitcoin (BTC) continues its decline from the beginning of the week, currently around $63,500 as of February 24. The Ethereum Foundation has established a DeFi team to promote the development of the "DeFipunk" protocol. Jane Street was sued by Terraform Liquidation Party, accused of using insider trading to accelerate the crash.

Australian police have charged a 42-year-old man in connection with a crypto investment scam, defrauding over 190 vulnerable seniors of AUD 5 million. The suspect will appear in court on March 17, with another 36-year-old also under investigation.

Step Finance, SolanaFloor, and Remora Markets announce shutdowns after a January hack resulting in $40 million worth of assets stolen. After failing to find a viable business recovery plan, they have decided to cease all operations and offer buyback and redemption options for secured token holders.

On February 23, the stablecoin USD1 under the DeFi project World Liberty Financial (WLFI), associated with the Trump family, temporarily lost its dollar peg, dropping to a low of 0.994 USD before quickly rebounding. WLFI characterized the incident as a hacker-led "coordinated attack," but rumors of Eric Trump deleting posts and an undisclosed insider trading investigation suggest that this storm is far from over.

World Liberty Financial's USD1 stablecoin dipped to $0.99707 but stabilized quickly, claiming no depegging occurred. The company attributed the dip to a coordinated attack, involving hackers targeting founders to manipulate the market. WLFI token fell 3%.

Odaily Planet Daily reports that IoTeX has announced a 10% white-hat bounty (approximately $440,000) for hackers who attack its ioTube cross-chain bridge, provided that the stolen assets of about $4.4 million are returned within 48 hours. IoTeX co-founder and CEO Raullen Chai stated that if the funds are returned, the team will not pursue legal action or disclose the hacker's identity to law enforcement.

On-chain investigator ZachXBT announced that on February 26th, he will reveal an insider trading scandal involving one of the most profitable companies in the crypto industry, drawing significant market attention. If the investigation proves true, it will impact overall trust and industry governance and could trigger regulatory pressure. The community is widely speculating about the involved company, and the market is highly sensitive to this event.

BlockBeats News, February 23 — Dylan (@0xDylan\_) from the core team of World Liberty Financial posted on social media that someone organized an "attack" against WLFI and USD1. USD1 is fully compliant and backed 1:1 with assets.

Odaily Planet Daily reports that on the X platform, on February 26, ZachXBT, an on-chain detective, announced the release of a major investigative report targeting a highly profitable company in the crypto industry. The report reveals that several employees of the company have been abusing internal data for insider trading over an extended period.

XRP Ledger developers are addressing a serious bug found through their Bug Bounty program, ensuring the network remains secure. The foundation is preparing a patch and emphasizes validators to veto a batch amendment, protecting user operations and enabling enhanced features for on-chain applications.

A 42-year-old man from Sydney has been charged over his alleged involvement in a $3.5 million (A$5 million) crypto investment scam that reportedly targeted more than 190 elderly and vulnerable Australians. The case comes as authorities across the country intensify efforts to combat the growing

An OpenAI employee's AI agent Lobstar Wilde accidentally transferred approximately 52.43 million tokens due to a system misinterpretation. The original plan was only for a small grant. Although the final sale amount was about $40,000, the token price later surged to nearly $600,000. This incident highlights the risks and potential impact of AI agents in asset management.