A Hyperliquid user lost approximately $550,000 in USDC on August 13 after clicking on a fraudulent Google search advertisement that led to a phishing website. The incident was identified by FlashRescue, with funds transferred to three attacker addresses.
A South Korean court sentenced Delio CEO Jeong Sang-ho to 15 years in prison after finding him guilty of defrauding customers of approximately $50 million in cryptocurrency assets. The Seoul Southern District Court also convicted him of using false documents to register as a virtual asset provider.
The XRP Ledger Foundation and RippleX issued urgent security warnings on August 6-7, 2026, alerting users to phishing campaigns promoting fraudulent XRP airdrops and fake "XRP Rewards Scanner" tools designed to steal cryptocurrency from investors.
The Second Circuit Court of Appeals issued its mandate on August 4, 2026, officially closing Sam Bankman-Fried's appeal and affirming his conviction and 25-year sentence for fraud and conspiracy related to the collapse of FTX. A Supreme Court petition remains his only remaining legal option.
The Senate approved a nonbinding resolution condemning efforts by Sam Bankman-Fried to secure presidential clemency following his 25-year sentence for fraud related to FTX's collapse. The resolution, introduced by Senators Cynthia Lummis and Ruben Gallego, passed through unanimous consent without objection.
By unanimous consent, U.S. senators passed S. Res. 772 on July 16, 2026, a nonbinding resolution declaring that convicted FTX founder Sam Bankman-Fried should receive no presidential pardon or commutation. Led by Senators Cynthia Lummis and Ruben Gallego, the measure responded to Bankman-Fried's pending clemency petition.
