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Elliptic’s data revealed Garantex executed over $60 billion in transactions since the U.S. and EU imposed sanctions in April 2022 allegedly for laundering funds tied to ransomware, darknet markets, and North Korean cyberattacks. Despite efforts to mask its wallet infrastructure, Elliptic’s report claims Garantex’s total transactions exceeded $96 billion, including moves by Russian elites to evade sanctions after the Ukraine invasion. The blockchain surveillance firm explained that the crypto exchange employed advanced cloaking techniques to evade detection, such as rapidly generating new wallet addresses and leveraging specific privacy tools. Elliptic developed proprietary analytics to identify Garantex-controlled wallets, uncovering transactions predominantly in the stablecoin USDT issued on the Tron blockchain. This methodology, Elliptic contends, enabled real-time sanctions screening for clients and investigators. Garantex purportedly laundered crypto from high-profile crimes, including $30 million from North Korea’s Lazarus Group-linked Horizon Bridge hack and funds tied to ransomware groups Conti, Lockbit, and Black Basta. It also reportedly facilitated tens of millions in darknet market deals, according to Elliptic’s tracing tools. The U.S. Department of Justice (DOJ) cited Elliptic’s intelligence in its indictment, which highlighted Garantex’s role in aiding Russian oligarchs and illicit actors. The takedown follows recent incidents like the $1.4 billion Bybit theft, underscoring rogue exchanges’ role in global crime financing. Elliptic emphasized the technological arms race between bad actors and compliance firms, noting other sanctioned entities now mimic Garantex’s tactics. Its tools, the company asserted, remain integrated into crypto businesses’ compliance programs to flag illicit transactions. Elliptic’s news follows Tether freezing millions of USDT held on Garantex, the exchange halting operations, and the U.S. government seizing its website. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

The integration of tokenized real-world assets (RWA) into decentralized finance (DeFi) opens new opportunities for investors and borrowers. Credefi, as a DeFi lending platform specialized in financing SMEs and trade, is well positioned to take advantage of this trend and offer attractive returns while mitigating the risks of the crypto market. Tokenized real-world assets refer to the digitization of tangible assets such as real estate, commodities, or invoices in the form of tokens on the blockchain. This innovation makes these assets more liquid, fractional, and accessible to a wider range of investors. In the DeFi sector, the adoption of RWAs transforms the way loans and borrowing operate. Unlike traditional over-collateralized crypto loans, loans backed by RWAs help reduce volatility and improve yield stability. The RWA market in DeFi is experiencing growing adoption, with billions of dollars in tokenized assets already being used as collateral. Credefi can capitalize on this trend by developing innovative solutions, such as liquidity pools backed by commercial receivables or tokenized bonds. Moreover, the platform stands out for its hybrid approach that combines decentralized finance and real-world assets to finance businesses. The integration of RWAs into its lending model then presents several advantages: By combining the security of real-world assets with the flexibility of DeFi, Credefi has the potential to revolutionize decentralized financing and attract a new wave of institutional investors. The integration of tokenized real-world assets into DeFi thus represents a major advance for the sector. Credefi , with its innovative model, can leverage this evolution to offer safer and more diversified returns. By establishing itself as a key player in this transformation, the platform strengthens its role as a bridge between traditional finance and Web3.

Ethereum researcher Malik672 has dropped a research post proposing a new algorithm using random allocation of transaction orders to address the growing problem of centralisation on the Ethereum network. Specifically, he used Byzantine Fault Tolerance (BFT) to remove Maximal Extractable Value (MFV). BFT means the network continues to run despite a dishonest node polluting it with false information. MFV means a dishonest actor uses inside information about the Ethereum network to make money on the market. Toni Wahrstatter, an Ethereum Foundation researcher, found that in the first two weeks of October 2024, 89% of Ethereum blocks were handled by only two block builders, Beaverbuild and Titan Builder. Malik672 found that the figure has since dropped to 80%, but it still shows that Ethereum is far from decentralized. “Ethereum’s shift to PoS and adoption of PBS”, wrote Malik672, “separates block proposing (validators) from building (specialized builders) to address MEV disparities”. “Yet, centralization persists: as of February 2025, approximately 80% of Ethereum blocks are proposed by just two entities—large builder-relay coalitions like Flashbots and their peers—concentrating power and profits. This undermines Ethereum’s decentralized ethos”. For example, let’s assume a trader wants to make a huge transaction on a decentralized exchange (DEX). A trader with inside access, conducts an MEV trade by performing a sandwich attack. This means the trader buys the token before the large transaction and then sells after the price increases. The problem, referring back to Malik672’s research, is that a centralized blockchain allows bad actors to use inside information to have an unfair advantage on the market. The regular trader pays more, while the corrupt insider pays less. Malik672’s system would decentralize block building, using a random generator and distributing the building process to thousands of clients worldwide. The current system uses Prosper Builder Separation (PBS) to limit MEV. However, the new random distribution system could have added benefits, such as optimising mempool handling and faster transactions. “This proposal”, wrote Malik672, “introduces a decentralized random block proposal system. All Ethereum clients—not a handful of builders—construct blocks using a cryptographically random algorithm”. “Validators execute these blocks, achieving consensus via N ≥ 3T + 1 BFT. This eliminates block-level MEV, fully democratizes block proposing across Ethereum’s node network, and aligns with its trustless roots, while remaining compatible with Danksharding’s blob requirements”. However, this approach could have major drawbacks, requiring extensive testing before it is rolled out on the network. One possible drawback could be large overhead problems from distributing the block building process to thousands of clients. This may increase the amount of computation needed, thus making the network even slower. Another drawback could be the increased risk of Sybil Attacks, which means that one bad actor could generate multiple fake clients to gain more inside information and MEV. Further, Decision-Making Complexity may increase because so many block builders may disagree more on transactions, causing more problems for the Ethereum network. “PBS optimizes for rollup scalability”, wrote Malik672, “but this system prioritizes fairness and full democratization—crucial as centralization creeps in. It’s a trade-off: trustlessness over L2 precision”. “For an Ethereum valuing equity over efficiency, this wins; for one chasing scalability, PBS holds. Redesigning for rollup-specific optimization could bridge the gap, making it a versatile contender”.

Cryptocurrency adoption in the United States is accelerating, creating an increased need for accessible education on digital assets. Responding to this demand, the National Cryptocurrency Association (NCA) has been established with a mission to educate, inform, and promote awareness of cryptocurrency benefits. And Ripple, the leading blockchain technology company, has committed a $50 million grant to support this effort, showing its commitment to raise digital asset adoption. The NCA seeks to bridge the knowledge gap by providing easy-to-understand resources on cryptocurrency. Many Americans seek to understand how digital assets can integrate into their daily lives. According to Ripple CEO Brad Garlinghouse, recent surveys indicate that while 55 million Americans currently use cryptocurrency, a larger segment desires further clarity on its applications. By offering educational materials and real-world examples, the NCA intends to reduce confusion and empower users with necessary information. Stuart Alderoty Leads the Initiative: Ripple’s Chief Legal Officer, Stuart Alderoty, has been appointed President of the NCA. Under his leadership, the organization will focus on showcasing individuals and businesses already benefiting from cryptocurrency. The association remains independent of Ripple, emphasizing its non-political and chain-agnostic stance. Alderoty envisions the NCA as a key player in ensuring that everyday Americans have access to accurate, unbiased, and actionable knowledge about digital assets. Related: Ripple CTO David Schwartz Confirms XRP Sales Are Necessary to Fund Operations, Prioritizing Company Interests Public interest in cryptocurrency has surged over the past few years. A survey conducted with Harris Poll found that 81% of respondents expressed interest in obtaining more information about the future of digital assets. Furthermore, 76% of participants highlighted the positive impact of crypto on their lives, citing financial independence and technological empowerment as major benefits. This highlights the need for structured education and awareness initiatives, which the NCA is prepared to provide. Ripple CEO Brad Garlinghouse has expressed strong support for the initiative, emphasizing the growing role of crypto in various sectors. Related: Garlinghouse Heads to White House Crypto Summit: XRP’s Role in Trump’s US Reserve in Focus The company’s $50 million grant will enable the NCA to expand its outreach efforts, counter misinformation, and deliver resources that clarify the role of blockchain technology in finance, e-commerce, and creative industries. This financial support demonstrates Ripple’s commitment to fostering responsible cryptocurrency adoption. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

WEMIX to recover stolen tokens and initiate buyback Blockchain game platform WEMIX $WEMIX announced on its official Telegram channel that it plans to recover the stolen WEMIX tokens using reserves held by the foundation and will also initiate a token buyback. The company added that it will resume its Play Bridge service as soon as a security review is completed. Earlier, WEMIX reported that approximately 8,654,860 tokens were abnormally withdrawn from its Play Bridge Vault due to a malicious external attack on Feb. 28.