Here’s what happened in crypto today
Today in crypto, a significant phishing scam resulted in a $3 million loss for an investor who mistakenly signed a malicious blockchain transaction without verifying the contract address. This highlights the ongoing threats posed by digital asset scams. Another individual also lost over $900,000 to a similar incident after unwittingly signing a damaging approval transaction. Additionally, Indonesia is considering a national Bitcoin reserve as a means to spur economic growth. Bitcoin Indonesia presented this concept to government officials, asserting that Bitcoin mining could be utilized as part of a national reserve strategy. On the regulatory front, the US Securities and Exchange Commission (SEC) issued new guidance, stating that certain liquid staking practices may not fall under existing securities laws, offering clarity regarding digital asset regulations. This includes defining liquid staking and its implications for ownership in the crypto space.
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