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Vitalik Buterin, the co-founder of Ethereum, recently issued a strong reminder on his social media account regarding the risk of crypto holders. While much of the focus has been on theft and hacking, Buterin stressed that many individuals lose crypto due to forgotten passwords, software bugs, and lost devices. He pointed out that because there is no attacker to identify, victims often stay silent about their losses, feeling too ashamed to speak out. The Ethereum co-founder argued that strong wallet security solutions must account for such risks, especially as cryptocurrency adoption grows. Related: Latest Bybit Hack Linked to N. Korea’s Crypto Theft for Weapons Funding Buterin’s statement comes in response to rising concerns over crypto security regarding the chance for loss rather than theft. He highlighted various ways individuals can lose access to their digital assets, such as losing a device with wallet data, forgetting passwords, or even encountering software bugs that result in funds becoming inaccessible. The conversation around security also gained traction after Mask Network CEO Suji Yan revealed that his wallet had been hacked. The attack, which resulted in the theft of over $4 million in crypto, took place within minutes and occurred just hours after Yan’s birthday celebration. Yan suspects the attack may have been due to a private key leak or an offline attack while his phone was unattended during the gathering. Yan’s suspicion stems from the brief time his phone was left unattended, even though he trusted the people at the event. The stolen funds, which included Ethereum (ETH), WETH, MASK, and Tether, were quickly transferred to new addresses and converted into Ethereum before being split across multiple wallets. Adding to these security issues, the crypto market is facing significant losses. The Financial Times reported a decline in the general crypto’s market capitalization, which has dropped by about $810 billion since its January peak. Bitcoin, the leading cryptocurrency, has seen a decrease of more than 22% in value this month, with its price falling below $80K . Related: JPMorgan Warns of Crypto Market Downturn as Bitcoin & Ether Demand Drops: Report This decline follows growing anxiety among traders over U.S. President Donald Trump’s slower-than-expected adoption of pro-crypto policies, but these anticipations have not materialized. Meanwhile, concerns about Trump’s trade policies and tariffs have further dampened the spirits of crypto market participants, causing many to reassess their expectations regarding future regulatory changes. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

On February 25th of 2025, Illinois Senator Dick Durbin joined three Democratic colleagues to introduce the Crypto ATM Fraud Prevention Act in the United States Senate. The proposed legislation seeks simultaneously to improve consumer protection safeguards while setting stronger rules for operators of cryptocurrency automatic teller machines to reduce fraud cases. During his Senate address, Senator Durbin showcased his opposition to cryptocurrency by calling for safety regulations to protect consumers from the unregulated cryptocurrency market . Durbin described the key measures contained in the unpublicized bill when he spoke on the Senate floor. The proposed legislation mandates that crypto ATM operators take proactive measures to prevent fraud. Operators would be required to display clear warnings about potential scams and employ analytics to detect suspicious activities. Some operators have already adopted such practices, setting a precedent for industry-wide standards. This legislation establishes specific protection measures for minority groups who fall into two distinct categories which include elderly citizens and young users of cryptocurrency. During their first two weeks of using the system operators would limit new users to make daily deposits of $2,000 which totals to $10,000 in maximum deposits. The bill requires operators to validate transactions over $500 by making a live telephone call to the customer to stop typical scams that involve attackers keeping a continuous phone connection with their targets. Additionally, the bill stipulates that all customers reporting fraudulent transactions to law enforcement within 30 days are eligible for full refunds. It also requires crypto ATMs to provide paper receipts containing information beneficial to law enforcement investigations. After Durbin and six other Democratic senators wrote their September letter to leading crypto ATM providers regarding their anti-fraud measures this legislative bill was created. The Federal Trade Commission reports that crypto ATMs have witnessed a substantial increase in fraud reports because the United States currently hosts more than 31,000 machines. In 2023 consumers experienced $100 million in crypto ATM fraud losses and during the first half of 2024, they lost another $65 million with each fraud impact totaling $10,000. People aged 60 or above faced three times more chances of becoming victims of scams. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Police in Jeju, South Korea, are investigating the murder of a Chinese national believed to have been killed during a cryptocurrency transaction. Jeju West Police Station announced that four Chinese nationals—two women and two men, including one in his 60s — are under investigation for the killing of a man in his 30s at a luxury hotel in Jeju City on February 24, according to local news outlets. The suspects allegedly fled with 85 million won ($63,500) belonging to the victim, according to local media. The case came to light when an acquaintance of the victim reported him missing after he failed to return from a cryptocurrency deal. Police arrived at the hotel room around 5:10 p.m. and found the victim dead with multiple stab wounds. Shortly after, one suspect, a woman in her 30s, surrendered at a police station in Seogwipo. Authorities then apprehended two other suspects at Jeju International Airport as they attempted to leave the country. The fourth suspect, a man in his 60s, was arrested at a hotel casino. Police are now focusing on whether the suspects planned the attack in advance or if it was a dispute that escalated into violence. According to initial statements, the woman who turned herself in may have played a central role in the crime. Investigators are analyzing phone records, security footage, and transaction history to determine the exact sequence of events. Authorities confirmed that all four suspects entered South Korea on tourist visas and had no prior records of illegal activity in the country. However, police are also looking into whether they were part of a larger network involved in cryptocurrency-related crimes. Given the rising number of fraud and violent cases linked to digital asset transactions, law enforcement agencies in Jeju have increased monitoring of such activities.

Been a long time but internet connection issues trying to solve this puzzle Wifi works on phone. Maybe it's the moca adapter cause wifi works. Maybe ethernet cable. Can't reach router. should've bought wifi dongle long time ago as backup 😔

Diplomatic developments often have a significant impact on financial markets, and Hungary’s economy appears to be responding positively to news of potential peace talks between Russia and the United States. Prime Minister Viktor Orban addressed the economic impact in a video on his Facebook page, presenting stock market charts and exchange rate data, Tass reported. He was quoted as stating: I see that gas prices have already fallen by 10%, and the forint is gaining momentum … If this continues, it will only be a matter of time before the euro exchange rate drops below 400 forints. That is what peace means. The Hungarian forint saw slight gains over the past week, reflecting market optimism about the possibility of diplomatic progress. Orban linked this economic momentum to Hungary’s ongoing push for peace, stating: “Peace has its economic benefits. That is why we launched a peacekeeping mission and have fought for peace for the past three years.” He also pointed to the Feb. 12 phone call between U.S. President Donald Trump and Russian President Vladimir Putin, in which both leaders agreed to meet and discuss ending the war in Ukraine. Expressing confidence that a peaceful resolution would help stabilize Hungary’s financial situation, he stressed: “We must support peace.” Hungary is not the only European country to suffer economic consequences from the war in Ukraine and Western sanctions against Russia. Several European economies have struggled with rising energy costs, supply chain disruptions, and inflation due to their reliance on Russian oil and gas. Germany, Europe’s largest economy, faced industrial slowdowns, while other nations, including Italy and France, saw energy-intensive industries hit hard. Orban previously stated that EU sanctions against Russia have severely affected Hungary, emphasizing his country’s interest in having the sanctions lifted. Hungarian government estimates indicate the country has lost around 20 billion euros over three years due to rising energy prices. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。