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A federal judge in Connecticut has reinstated the common law fraud claims by investors in the Genesis Yield lawsuit against Digital Currency Group founder Barry Silbert, DCG, and other defendants, while allowing the federal securities law-related claims in the case to proceed. This ruling revises an earlier decision made by the court in February of this year.The plaintiffs previously argued that the court had the authority to hear their state law claims under the Class Action Fairness Act. Judge Stefan Underhill accepted this view and reconsidered the relevant state law claims. The case revolves around the failed Genesis Yield lending program, which allowed users to deposit cryptocurrency assets and earn interest. Investors allege that Silbert, DCG, and other defendants misled customers about the company's financial health and risk management, despite knowing there were issues, before Genesis suspended withdrawals and filed for bankruptcy in early 2023.However, not all state law claims were reinstated. The court dismissed four state consumer protection-related claims and paused three other related claims. Overall, this ruling has brought the fraud liability dispute against DCG and Silbert back into focus in the case.

According to a report from Hongxing News, an investigation report leaked from a scam park in Myanmar shows that global telecom fraud is accelerating towards an "AI industrialization + cross-border encrypted payment" system. The scam network completes fund circulation through cryptocurrency and uses automated tools based on large models for multi-language script generation, identity disguise, and emotional manipulation.According to the investigation analysis, these systems extensively utilize OpenAI's ChatGPT and Google's Gemini at the functional level to support "scaled social fraud." The funding side achieves rapid laundering and transfer through on-chain payments and cross-border channels, forming a dual structure of "AI customer acquisition + encrypted settlement," which gives the fraud industry a high degree of automation and transnational diffusion capability. In addition, Starlink, owned by Musk, has become the number one network service provider for the scam park in Myanmar, with American ISP providers carrying nearly one-fifth of the park's traffic.In response to the related accusations, OpenAI stated that the behavior of scammers using ChatGPT is highly similar to that of ordinary users, making identification difficult. However, they have banned about 100,000 suspicious accounts monthly through behavioral pattern recognition and risk control systems. Google stated that its AI models have safety barriers in place and emphasized its commitment to "responsible AI development" to limit the tools' use for fraud and other illegal purposes.

According to Vietnam's Youth Newspaper, the Ministry of Public Security of Vietnam recently held a press conference to report the latest investigation results of the ONUS cryptocurrency platform fraud case. More than 350 kilograms of gold and silver have been seized, transactions involving 8 properties valued at 20 trillion Vietnamese dong have been frozen, and transactions of over 300 involved bank accounts have been suspended.On March 23 of this year, the police filed criminal charges against 8 defendants, accusing them of using computer networks and telecommunications networks to commit property appropriation and money laundering. Since 2018, the individuals involved have taken advantage of the public's lack of understanding of cryptocurrency, creating digital accounts through applications and packaging them as virtual currency. They established trust and attracted investment through circular buying and selling among affiliated companies, thereby committing fund appropriation, with a total sale of cryptocurrency valued at over 70 trillion Vietnamese dong from 2018 to 2021.The case involves numerous individuals and users, with approximately 5 million user accounts opened. The police have received over 2000 reports from citizens. The public security authorities are investigating the possible accomplice responsibilities of KOLs and other internet celebrities and continue to make every effort to recover the embezzled funds.

According to the Nice Matin, the police in the Var department of France successfully cracked a cryptocurrency fraud case involving 1.5 million euros after a year-long investigation, arresting a mother and son involved in the case.The two implemented a "Rip Deal" scam, falsely claiming to facilitate the purchase of luxury homes, luring a wealthy couple from Ramatuelle to Milan, and demanding that they pay a 1.5 million euro transaction guarantee fee in cryptocurrency. During the operation, the suspects used hidden cameras to secretly capture the victims' cryptocurrency account information and private keys, subsequently transferring all the cryptocurrency assets.The police arrested the mother and son in Cavalaire and simultaneously seized properties worth 1.9 million euros under the suspects' names. Both suspects have multiple prior convictions for fraud and will face trial on September 1, facing several criminal charges related to organized gang fraud.

According to CCTV News, the Shanghai Baoshan District Prosecutor's Office announced a case yesterday, where the defendant Huang was involved in smuggling abroad to participate in telecom fraud activities, enticing victims to invest in virtual currency. After the Myanmar Miaowadi Park was disbanded, Huang continued to engage in "pig butchering" fraud, using AI face-swapping and communication with foreign models to gain the victims' trust, and then guiding them to participate in cryptocurrency investments.Subsequently, the team leader would connect with the victims, deceiving them into registering, recharging, and investing on fake websites, ultimately being sentenced to two years and six months in prison for fraud, along with a fine of 30,000 yuan.

According to reports from ZhDongxi, Alibaba announced today an全面 ban on the Claude series products under Anthropic. All employees are required to uninstall Agent products, including multiple series models such as Sonnet, Opus, Fable, and Claude Code. This ban will officially take effect on July 10. Previously, Alibaba had encouraged employees to freely use external models, including Claude, through a large reimbursement policy.Insiders pointed out that this "reverse ban" is closely related to a series of recent frictions between the two parties. In mid-June, Anthropic accused Alibaba of using a large number of fake accounts to conduct "industrial-grade model distillation attacks" in a letter to the U.S. Senate, and subsequently implemented large-scale account bans and other risk control measures targeting Chinese users. Additionally, developers recently exposed that Claude Code had previously embedded covert detection mechanisms in earlier versions, secretly collecting and tagging data from Chinese time zones and domain names of several Chinese tech companies, including Alibaba. Although Anthropic officials later acknowledged this "experimental" measure and announced its rollback and deletion in the latest version, it still sparked widespread controversy and a trust crisis within the industry.

After Anthropic completed the global security policy adjustment and redeployed Claude Fable 5, the AI infrastructure platform B.AI has promptly completed the integration and fully restored support for related API calls. It is reported that this restoration not only ensures the stable operation of the underlying model but also continues to provide a dual-channel model of "official" and "self-selected service providers," aiming to flexibly adapt to the computing power and cost needs of developers and enterprise users in different scenarios. Currently, this service has officially launched on the B.AI official website for user experience.

Anthropic's latest Sonnet series masterpiece, Claude Sonnet 5, has officially been made available for developers through the B.AI API platform. This model has achieved breakthrough progress in code generation and complex agent tasks. With a 1M large context window and innovative adaptive thinking capabilities, Claude Sonnet 5 can more stably and efficiently manage large complex projects. At the same time, to meet the needs of different business scenarios, B.AI has taken the lead in the industry by launching a dual-channel access model of "official direct connection" and "self-selected service providers," fully assisting developers in flexibly balancing extreme performance and operational costs. Starting today, users can log in to the B.AI console to apply for an API key and quickly access the experience. For detailed technical guides and documentation, please refer to the B.AI official website.

According to CoinDesk, the Florida prosecutors have revealed that Christopher Alexander Delgado, the former CEO of Goliath Ventures, has pleaded guilty to a cryptocurrency investment scam involving approximately $400 million, with charges including conspiracy to commit wire fraud, wire fraud, and money laundering.Prosecutors stated that the platform promised investors low-risk or guaranteed returns of 3% to 8% per month under the guise of cryptocurrency liquidity pool profits from January 2023 to January 2026, while in reality, it misappropriated funds to pay early investors, process withdrawals, and for personal luxury expenses.In the plea agreement, Delgado admitted to causing at least $250 million in investor losses and agreed to forfeit multiple properties, vehicles, luxury watches, jewelry, and certain bank and cryptocurrency accounts. His sentencing hearing is scheduled for October 8.

According to FinanceFeeds, Binance stated that its annual compliance expenditure has reached approximately $300 million, and during the period from 2025 to the first quarter of 2026, its internal systems intercepted potential fraud amounts totaling $10.53 billion, protecting over 5.4 million users. Binance currently has nearly 1,500 compliance employees, a scale close to that of large financial institutions. Since 2021, the exchange has recovered over $8.2 billion in user assets and handled 313,653 requests from law enforcement agencies. This disclosure comes at a time when Binance is facing regulatory pressure, with the European MiCA regulations forcing exchanges to obtain authorization or cease operations, and Binance is encountering regulatory resistance from multiple EU countries. Binance claims that compliance has become a core operational function, utilizing AI-driven systems and over 20 AI security tools for transaction monitoring and fraud detection, but the compliance expenditure itself may not be sufficient to meet regulators' comprehensive requirements for governance, risk culture, and sanctions controls.

According to Bloomberg, the Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into the prediction market platform Polymarket, covering its business activities including social media operations.Previously, The Wall Street Journal reported that Polymarket hired dozens of social media creators, primarily of college age, to create fake trading videos to attract users. This investigation encompasses other aspects of the company's business. The CFTC and the Department of Justice concluded an investigation last year into whether Polymarket violated the ban on U.S. users, but some U.S. users still access its main platform by circumventing the ban through VPNs and other means.Since reaching a settlement with the CFTC in 2022, Polymarket has technically prohibited U.S. users from using its main platform, but the company is taking steps to reintroduce its main exchange to the U.S. and is cooperating with the CFTC to lift the ban. Senators Adam Schiff and John Curtis sent a letter to the CFTC last Thursday, requesting confirmation of whether an investigation into Polymarket's advertising practices is ongoing and inquiring how the agency has prevented Polymarket from attracting U.S. users since the 2022 action.

According to Jinshi reports, NVIDIA announced that Anthropic's Claude series models are now available on Microsoft's Azure NVIDIA GB300 Blackwell Ultra platform.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket. A large whale invested $70,400.45 in the event "Cape Verde vs. Saudi Arabia," specifically targeting "Saudi Arabia." Based on the current transaction price, the latest corresponding winning probability for this subject is 61%.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale invested $132,042.25 in "Cabo Verde vs. Saudi Arabia," specifically targeting "Cabo Verde." Based on the current transaction price, the latest corresponding winning probability for this subject is 64%.

Coinbase officially stated that it is cooperating with the Brooklyn District Attorney's Office in New York, assisting in the investigation of a long-term impersonation fraud case targeting platform users and supporting victims in recovering funds.According to the Brooklyn District Attorney's Office, a Brooklyn man has been charged with long-term impersonation of Coinbase customer service, using social engineering techniques to mislead users into believing their accounts were compromised and requesting them to transfer funds to a "secure wallet," subsequently transferring and stealing the funds. The case involves approximately 100 victims, with the amount in question nearing $16 million, and over $600,000 has been recovered so far.Coinbase stated that such scams do not stem from platform security vulnerabilities but are social engineering attacks that exploit user trust and urgency, with common tactics including identity forgery, impersonating customer service, and creating account risk panic. The company claims to have cooperated with law enforcement to complete various investigative tasks, including identifying suspects, assisting victims in notifications, providing legal request data support, and on-chain fund tracking, emphasizing that blockchain traceability helps law enforcement track the flow of funds.Coinbase also reminds users that the platform will never ask users to transfer funds to a "secure wallet," nor will it request 2FA verification codes, recovery phrases, or password reset links, and advises users to contact customer service only through official in-app channels. The company will continue to strengthen anti-fraud mechanisms, user education, and cooperation with law enforcement to address the increasingly complex cryptocurrency asset fraud.

According to the "2026 Anti-Fraud Report" jointly released by Bitget and SlowMist, as digital finance continues to expand into stocks, tokenized assets, and AI tools, cross-asset trading is gradually becoming an important trend for users participating in the market. The proportion of users engaging in cross-asset allocation has increased from less than 1% in mid-2025 to over 10% in May 2026.The report points out that fraudulent methods are evolving from single attacks to complex attack chains, integrating AI-generated content, deepfakes, voice cloning, and multi-channel social engineering. From July 2025 to June 2026, Bitget's security system intercepted over 150 million malicious requests, identified more than 13,000 high-risk malicious IPs, and assisted users in recovering approximately $32.3 million related to security incidents and fraudulent activities.Bitget CEO Gracy Chen stated that this year marks the third Anti-Fraud Month event, and Bitget will continue to launch security education content, risk identification guides, and industry collaboration activities to help users enhance their ability to identify and protect against AI fraud, phishing attacks, and multi-asset scenario scams.

Web3 security company GoPlus Security pointed out that there has been a recent surge in smart contract vulnerability attacks, particularly targeting older contracts that have been deployed for many years. Attackers are leveraging AI technology to quickly discover and exploit these vulnerabilities.Recent typical incidents include:On June 9, a Token of Power (TOP) contract deployed 7 years ago was attacked on Ethereum, resulting in a loss of approximately $1.5 million;On May 25, a WUSD.fi contract deployed 3 years ago was attacked, resulting in a loss of approximately $200,000;On June 14 and June 18, Aztec Network was attacked twice in a row due to an old contract deployed 2 years ago, with total losses exceeding $4 million.GoPlus Security believes that traditional auditing methods are insufficient to effectively cover legacy contracts, and adopting AI-based Always-on Audit services may be the most effective solution currently available, capable of conducting security checks on old contracts in a short period while balancing reliability and cost.

The founder of DefiLlama, 0xngmi, announced the launch of a new off-chain proof/verification service, which will be used to verify and audit off-chain data, including information such as bank account balances, to help projects achieve reliable verification of real-world assets and other off-chain data.