Liquid Network, a Bitcoin-based payments and settlement network, has reported a security incident after hackers withdrew about $320 million worth of Bitcoin from its federation wallet, according to Nairametrics. The attackers are described as purported white-hat hackers, though the exact circumstances of the breach remain unclear. The incident represents one of the largest reported thefts involving a Bitcoin-linked network, raising fresh concerns about the security of cryptocurrency infrastructure and federation-based settlement systems.

BitShop has launched the latest version of its digital finance app, which offers a fast cryptocurrency-to-Naira exchange and facilitates seamless bill payments. This update aims to enhance user experience in managing digital currencies and everyday transactions.

Stablecoins in emerging markets have evolved from being a speculative financial novelty to a significant driver of macroeconomic change, impacting international capital movement across fragmented economies. This transformation is part of a broader structural shift in the global financial system, influenced by digital innovation and the rise of asset-backed tokens, according to Sharp Daily.

The U.S. Justice Department has filed a grand jury superseding indictment against Malone Lam and co-defendants accused of carrying out one of the largest cryptocurrency thefts in U.S. history. According to the AP, the group of young men allegedly duped a victim out of bitcoin worth over $240 million in August 2024, laundered the proceeds through a sophisticated scheme, and then went on a lavish spending spree to celebrate the heist.

According to a Visa report, AI-powered scams have emerged as the largest threat in payment fraud, as enhanced network-level security measures have diminished chances for direct system breaches. This shift has led criminals to increasingly exploit human trust to carry out their fraudulent activities.

Integrated digital and investment ecosystems are significantly contributing to the growth of the banking sector, with digital banking platforms being pivotal in this transformation. This evolution is expected to drive the next phase of banking growth, highlighting the importance of technology in financial services.