Kalshi Cracks Down on Political Insider Trading, Bans Three US Candidates

Newly released safeguards helped Kalshi identify three candidates placing trades tied to their campaigns, which resulted in fines and five-year platform bans. Prediction market platform Kalshi has suspended three US political candidates after finding they traded on the outcomes of elections in which they were directly involved, describing the cases as “political insider trading.”…

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Crypto for Safe Passage Through the Strait of Hormuz: The New Scam

Scammers are allegedly posing as Iranian officials offering transit clearance in exchange for BTC or USDT payments via encrypted scam messages. Greek maritime risk management firm MARISKS has warned shipping companies about fraudulent messages targeting vessels stranded west of the Strait of Hormuz. In fact, scammers are demanding cryptocurrency payments for “safe passage.” Strait…

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Kaspersky Flags 26 Fake Crypto Wallet Apps That Could Drain Your Funds

These fake iOS apps appear legitimate but redirect users to phishing pages, leading to malware installation and eventual theft of crypto assets. Cybersecurity firm Kaspersky has identified 26 fraudulent cryptocurrency wallet applications on Apple’s App Store that are designed to steal users’ digital assets. The company’s Threat Research team found that the apps imitate…

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April 2026 Worst Month for Crypto Hacks

Crypto protocols have lost more than $606 million to hacks and exploits in just the first 18 days of April 2026, making it the single worst month for theft in the industry since the $1.4 billion Bybit breach in February 2025, according to data from DefiLlama. Summary Over $606 million was stolen from crypto protocols…

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