Industry speakers at Paris Blockchain Week said tokenization can broaden access and issuance, but it does not by itself create active secondary markets for illiquid assets. Tokenization does not automatically make hard-to-trade assets liquid, industry executives said at Paris Blockchain Week, pushing back on the idea that putting private credit, real estate or other illiquid products onchain will by itself create active secondary markets. Speaking during a panel moderated by Cointelegraph CEO Yana Prikhodchenko, Oya Celiktemur, Ondo Finance sales director for Europe, the Middle East and Africa (EMEA), said there is still a misconception that tokenizing illiquid assets can make them easier to trade. “I think there’s still this idea that tokenizing something illiquid will somehow magically make it a liquid asset, which is just not true,” said Celiktemur. She added that assets like real estate and private credit “were never that liquid” to begin with. Read more
Meta-1 Coin was sold and marketed from 2018 to 2023 as an investment backed by $44 billion in gold and $1 billion in artworks, which turned out to be fictional. A Texas man found guilty of helping orchestrate a cryptocurrency scam project that defrauded $20 million from nearly 1,000 investors has been sentenced to 23 years behind bars by a US judge on Tuesday. US District Judge LaShonda Hunt sentenced Robert Dunlap, who served as a trustee of the project that sold the fictional token Meta-1 Coin, to prison and ordered him to pay restitution to victims of the fraud, according to the Illinois US Attorney's office. Assistant US attorneys Jared Hasten and Paige Nutini said in the government’s sentencing memorandum that Dunlap was “unrepentant” and that his lies grew “over the years.” Read more
March was the “weakest month" with $800 billion in centralized crypto exchange trading volume, the lowest since November 2023. The cryptocurrency market has entered a “sustained crypto winter,” according to CoinGecko, as spot trading volumes on centralized crypto exchanges rapidly fell over the first quarter of 2026. Crypto market capitalization fell by more than 20% during the first quarter as “bearish momentum from late 2025 collided with global geopolitical instability,” CoinGecko said in a report on Thursday. That caused the top 10 centralized exchanges by spot volume to record a 39% decrease in trading volume over the quarter ended in March, dropping to $2.7 trillion from $4.5 trillion in the fourth quarter of 2025. Read more
The researcher said they examined the fake Ledger device’s firmware and found signs pointing to a Chinese semiconductor company named Espressif Systems. A Brazilian security researcher has warned others of the latest counterfeit Ledger device scam aimed at stealing users’ crypto. Posting as “Past_Computer2901” on the “ledgerwallet” Reddit channel on Thursday, the security researcher said they purchased what they thought was a legitimate Ledger device for personal use, but soon realized after it arrived that it was a sophisticated counterfeit aimed at stealing user funds. “This isn't meant to cause panic, but rather to serve as a serious warning — I’m honestly still a bit shaken by the sheer scale of this operation,” they said. Read more
The Ketman Project, funded by an Ethereum Foundation stipend, identified 100 North Korean IT workers and alerted about 53 projects employing DPRK operatives. The Ethereum Foundation said it funded a six-month project that exposed 100 North Korean operatives who had infiltrated Web3 companies under fake identities. The foundation on Thursday shared a recap of its ETH Rangers program, which was launched in late 2024 to provide "stipends for individuals doing public goods security work" within the ecosystem. One of the recipients used the capital to build the Ketman Project to focus on investigating “fake developers” embedded within crypto, particularly operatives from North Korea. Read more
Rhea Finance and the Russia-linked Grinex exchange were hacked for a combined $21 million over the past two days. At least 12 DeFi protocols and crypto businesses have been attacked in just over two weeks since the $280 million Drift Protocol exploit on April 1. Attacks aimed at crypto protocols or companies since the start of April include CoW Swap, Hyperbridge, Bybit, Dango, Silo Finance, BSC TMM, Aethir, MONA, Zerion and, most recently, Rhea Finance and the Grinex exchange. The Drift Protocol was hit with one of the largest exploits this year on April 1, losing around $280 million in a long-running social engineering attack suspected to involve North Korean-affiliated actors. Read more