A CEX founder revealed in his autobiography that in 2022 he attempted to acquire another CEX, but the tens of billions of dollars in funding demands made by the other party did not actually move the deal forward—the letter of intent was only for evaluating data. The platform’s collapse ultimately hinged on a buyback proposal from the former CEO of an affiliated company, which triggered market short-selling and caused massive capital outflows. Another industry communication group was also scrutinized by regulators, but no manipulation was found.

Gate News message, April 7, Indonesian authorities recently convicted three defendants on terrorism financing charges involving cryptocurrency, becoming one of the first terror-financing conviction cases in Southeast Asia supported primarily by on-chain blockchain evidence. One of the defendants transferred more than 49,000 USDT to an overseas exchange through 15 transactions, and the flow of funds is linked to networks associated with ISIS. None of the three defendants directly participated in a terrorist attack; their role was characterized as the “financial logistics layer” of a terrorist organization.

The Korea Financial Services Commission requires all cryptocurrency exchanges to set up a system to verify assets every 5 minutes, and to complete it by the end of May. It found that some exchanges’ verification frequency is insufficient and that there are defects in their trading circuit breaker mechanisms; all exchanges are required to publish their asset balances and submit to audits. The regulatory measures stem from an operational mistake at an exchange in February.

Blockchain security firm SlowMist released a security assessment report for a mainstream Web3 wallet. The results show the wallet does not transmit private keys or seed phrases to external parties. Overall, no sensitive data leakage risk was detected, providing users with a safe reference.

Drift Protocol recently suffered a complex attack. Malicious actors used the durable nonce technology to obtain unauthorized administrative privileges, resulting in approximately $280 million in funds being withdrawn. The investigation found no program vulnerabilities; it may involve social engineering. Drift has frozen protocol functionality and updated the multisig to protect assets.

Tom Lee said in a CNBC interview that the market has already digested most of the selling pressure, or has already found a bottom. He noted that historically, the stock market often shows signs of a bottoming early in wartime, and if the current environment matches that pattern, the market could see a V-shaped rebound. In addition, he believes the U.S. economy can withstand an oil price as high as $120.

Gate News message, March 31, Resolv co-founder Ivan released a video saying the investigation into the incident is still ongoing, and that there is currently no evidence implicating insiders. Ivan also noted that a complete recovery plan has not yet been determined.

Gate News reports that on March 29, on-chain data shows that edgeX's treasury recently decreased by 50 million stablecoins, from $190 million to $140 million. On-chain tracking found that two wallets, including the market maker Amber Group, moved the corresponding 50 million.

Research shows that researchers from Columbia Law School and the University of Haifa analyzed trading data from the Polymarket platform and found over 210,000 suspicious transactions that generated $143 million in profits, which were defined as "informed" trades. The study used five criteria to filter out high-stakes betting accounts, primarily focused on the 2024 U.S. elections, Federal Reserve decisions, and sporting events. The research methodology has been questioned, with the authors admitting that biases may exist. Meanwhile, Polymarket has banned trading based on stolen information, but the collection of identity information is unclear.

In Musk's lawsuit against OpenAI and Microsoft for breach of charitable trust, a judge ruled that economist Wazzan can testify and calculate that Microsoft could potentially owe compensation of up to $25 billion if found in violation. Musk's side is seeking $134 billion in damages and has pledged to donate the settlement if they win. The case is scheduled for trial on April 28.