Learn how a North Korean group used 31 fake identities to infiltrate crypto firms and steal $680,000 from Favrr. Inside their tools, tactics and deception. In a twist worthy of a cyber‑thriller, a group posing as blockchain developers pulled off a $680,000 heist on fan token marketplace Favrr in June 2025, only to be unmasked when one of their own devices was counter‑hacked. What emerged was startling: Six North Korean operatives had at least 31 fake identities. They carried forged government IDs, phone numbers and fabricated LinkedIn and Upwork profiles. Some even posed as talent from Polygon Labs, OpenSea and Chainlink to infiltrate the crypto industry. Read more
Bitcoin surprises with upside volatility in line with gold, but the risk of a return to test $100,000 is on the cards "in the coming days," a trader warns. Key points: Bitcoin moves in step with gold, rising toward $112,000 as gold hits new all-time highs. BTC price action has yet to confirm a reversal, say commentators, with the risk of a $100,000 dip still real. Read more
Tokenized equities have not been without controversy as global regulators and stock exchanges have pushed back against this new use of blockchain technology. XStocks, a tokenized stock product owned by Backed Finance, is launching on Ethereum with about 60 tokenized stocks, including NVIDIA, Amazon, Tesla, Meta and Walmart, according to an announcement on Tuesday. Before its debut on Ethereum, xStocks had launched on Solana, BNB Chain and Tron. Behind the platform is Backed Finance, a real-world asset (RWA) tokenization company that has been partnering with crypto exchanges, including Kraken and Bybit, to host its product. “Ethereum is one of the world’s most widely adopted smart contract networks — and xStocks were built to meet users where they already are,” a Kraken representative told Cointelegraph. Read more
The partnership allows US investors to hold vaulted gold in self-directed IRAs, providing exposure to regulated DeFi strategies. Gold-backed IRA provider SmartGold is moving $1.6 billion of vaulted assets onchain through a partnership with tokenization platform Chintai Nexus, potentially opening the door to tokenized gold investments through self-directed US Individual Retirement Accounts (IRAs). Each gold token is backed one-for-one with physical bullion and can be deployed as collateral across decentralized finance (DeFi) lending protocols, the companies said Tuesday. The structure works by having investors purchase and store vaulted gold through a SmartGold self-directed IRA. Chintai then tokenizes the holdings, issuing digital representations tied directly to the physical asset. Read more