User loses $570,000 worth of Ape NFTs to ‘fake verification’ scam

A pseudonymous user, known as “s27,” today lost roughly $570,000 worth of non-fungible tokens (NFTs) after exchanging his Bored Ape Yacht Club (BAYC) #1584 and two Mutant Ape Yacht Club (MAYC) tokens for fraudulent NFTs deceptively disguised as genuine.

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Axie Infinity developers’ Ronin Network loses $615 million to hackers

Ronin Network, an Ethereum-based sidechain created by Axie Infinity developer Sky Mavis to support its popular non-fungible token-based game, was exploited by an unknown hacker (or a group) and lost roughly $615 million worth of crypto today.

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U.S. Treasury wants to include crypto in foreign accounts reporting rules

A new proposal published by the United States Treasury suggests that cryptocurrencies such as Bitcoin and Ethereum should be added to the Internal Revenue Service’s (IRS) rules for reporting taxpayers’ offshore accounts.

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Report: Bank of England is working on crypto regulation framework

The Bank of England (BoE), the United Kingdom’s central bank, has reportedly begun developing a new framework aimed at bringing cryptocurrencies and stablecoins into various existing regulatory fields.

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