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Binance Iran Sanctions Evasion Link: $676M From Shelbit

Binance Iran sanctions evasion allegations resurfaced August 2, 2026, when Binance responded on the record to a Reuters investigation tracing $676 million to its wallets. Shelbit, the unlicensed Dubai exchange behind the flows, faces a VARA order to halt operations as OFAC reviews the case.

Hong Kong Crypto Romance Scam Costs Woman $3.3M

Hong Kong crypto romance scam losses reached $3.3 million after a woman was lured into a fake trading app by an online partner. Police say her case was the largest among 25 similar reports logged in a single week, with combined losses nearing $8.9 million.

Quantum Solutions Loses Top Japan ETH Spot

Quantum Solutions saw its Ethereum treasury fall to roughly 4,765 ETH after a third sale in seven weeks, according to The Block. The move cost the Tokyo-listed company its position as Japan's largest public ETH holder, ceding the lead to Def Consulting.

XRP Scam: Three Arrested Over Fake Staking Site

XRP scam allegations have led Seoul police to arrest three suspects behind a fake staking platform that impersonated Flare Network and its FXRP token. The operation drained 3.4 million XRP from 71 investors before shutting down in October.

KSNet Solana MOU Targets AI Crypto Payments

KSNet Solana MOU sees the South Korean payment processor pilot Solana Pay and the x402 AI payment protocol, signed July 30, 2026. The deal tests blockchain settlement alongside KSNet's existing won payment network, with no commercial launch date set.

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