Scams

Thailand's Personal Data Protection Commission has ordered World Network to halt biometric data collection and delete records of 1.2 million local users. The regulator cited violations of the Personal Data Protection Act, stating the blockchain project allegedly transferred iris scan data to third parties in exchange for cryptocurrency tokens without proper authorization.

The Monad blockchain experienced fraudulent ERC-20 transfer activity less than two days after its mainnet launch. Attackers exploited the token standard to generate fake transaction records on block explorers, creating misleading wallet activity without moving actual funds or obtaining user signatures. James Hunsaker, CTO and co-founder of Monad, confirmed the issue stems from the ERC-20 interface standard rather than network vulnerabilities.

A House Judiciary Committee Democrats staff report released November 24, 2025, alleges President Trump generated over $800 million from cryptocurrency ventures during the first half of 2025. The report claims enforcement actions were dropped against at least nine companies that invested in Trump's crypto projects or contributed to his campaign. The investigation examined three major operations: World Liberty Financial, the $TRUMP memecoin, and Trump Media's bitcoin treasury.

MegaETH's pre-deposit campaign on November 25 experienced operational failures due to a multisig wallet misconfiguration that allowed premature transaction execution. The campaign locked approximately $500 million in user deposits after multiple cap adjustments and system outages. Security audits by Zellic and Slowmist found no exploits in the contract code itself.

Berachain is under scrutiny after documents revealed Nova Digital secured a refund right for its $25 million Series B investment, allowing the firm to reclaim funds until February 2026. BERA token has declined approximately 67% from the $3 entry price to around $1. Two anonymous Series B investors say they were not informed of these special terms, raising questions about disclosure practices in the funding round.

Charles Guillemet, Chief Technology Officer at Ledger, has issued a security alert about zero-click vulnerabilities being exploited to compromise cryptocurrency wallets. State-sponsored groups are deploying commercial spyware against messaging apps to gain unauthorized phone access. He advises against storing significant crypto assets on mobile devices due to escalating threats.

Monad (MON) opened trading at approximately $0.026, below its pre-sale price, leaving early buyers facing losses. The token briefly touched $0.035 before retreating. Community concerns focus on tokenomics allocating 50% of supply to team and insiders, while ecosystem participants received smaller-than-expected airdrop distributions.

Binance and former CEO Changpeng Zhao face legal action from hundreds of plaintiffs affected by the October 7, 2023 attacks in Israel. A lawsuit filed in North Dakota alleges the exchange knowingly facilitated financial transfers for Hamas and related groups, potentially involving hundreds of millions of dollars, according to court documents. The complaint claims these activities continued despite internal warnings and contributed to operations that resulted in 1,200 deaths and 250 hostages.

Families of victims from the October 2023 Hamas attack have filed a federal lawsuit against Binance and its founder Changpeng Zhao, alleging the exchange facilitated over $1 billion in cryptocurrency transactions to Hamas and other terror groups. The complaint, filed in North Dakota federal court on Monday, accuses the platform of deliberately evading U.S. sanctions and regulatory oversight through weak identity controls and pooled wallet systems. The lawsuit involves 306 American plaintiffs representing families affected by the attack that resulted in approximately 1,200 deaths and over 250 hostages.

More than 300 victims and families connected to the October 7, 2023 attacks in Israel filed a lawsuit Monday against Binance, founder Changpeng Zhao, and executive Guangying Chen. The complaint alleges the exchange knowingly processed over $1 billion in cryptocurrency for Hamas, Hezbollah, and other designated terrorist groups. The 284-page filing invokes the Justice Against Sponsors of Terrorism Act and claims transactions continued after Binance's 2023 guilty plea to money laundering violations.