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Author: CryptoPress

Kathleen Allman files legal complaint to oust Ondo CEO Ian De Bode

Kathleen Allman, mother of late Ondo founder Nathan Allman, has initiated a legal battle to secure control of the firm. The complaint aims to oust current CEO Ian De Bode from his leadership position at the prominent tokenized real-world asset project. The unfolding leadership dispute introduces high-stakes governance uncertainties for Ondo Finance and its stakeholders. A high-stakes legal battle has emerged over the leadership of Ondo, as...

Breaking, Cryptocurrencies, News

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SEC Seeks to Reclassify Ethereum and Ripple in Ongoing Digital Asset Scrutiny

The U.S. Securities and Exchange Commission has escalated discussions regarding the regulatory status of major digital assets like Ethereum and Ripple. Market participants and legal experts are closely monitoring potential shifts in enforcement policies that could impact spot exchange-traded products. Industry leaders emphasize the need for clear legislative frameworks rather than regulation by enforcement. Regulatory pressure on the...

Breaking, Cryptocurrencies, News

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Senate Delays Clarity Act Vote to September as Democrats Block Pre-Recess Action

Senate Majority Leader John Thune confirmed the Clarity Act procedural vote is delayed until September. Democrats insisted on no vote before the August recess amid midterm election concerns. The bill requires 60 votes and faces unresolved issues including ethics provisions and stablecoin rewards. Industry groups pledge to continue negotiations ahead of the limited September legislative window. The U.S. Senate will not vote on the Digital...

Bitcoin, Crypto regulation, Cryptocurrencies, News, Regulation

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Coldcard Firmware Flaw Enables Over $116 Million Bitcoin Theft in Largest Hardware Wallet Exploit

Attackers exploited a March 2021 firmware bug in Coldcard wallets to drain approximately 1,816 BTC (~$116 million) across multiple waves starting July 30, 2026. The vulnerability cut effective entropy to as low as 40 bits on older models, enabling remote brute-force of seeds without physical access. Coinkite released emergency firmware fixes, but existing seeds remain vulnerable and require full migration to new wallets. The incident ranks...

Cryptocurrencies, Hacks, News, Wallets

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Coldcard Hardware Wallet Losses Approach $130 Million as Galaxy Flags Ongoing Multi-Attacker Exploit

Galaxy Research has high confidence that 1,596 BTC (over $100 million) was stolen from roughly 7,300 addresses across three confirmed attack waves plus 14 smaller incidents. Including a suspected fourth wave would raise the total to about 2,055 BTC, or roughly $130 million. At least 15 separate attackers are now exploiting the vulnerability; 90% of stolen coins have not moved. Coinkite has released emergency firmware updates and urged users...

Cryptocurrencies, Hacks, News

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