Europol Dismantles Crime Syndicate Behind 49 Million Fraud Accounts

A Europol operation has disrupted a SIM farm-for-hire scheme as Crime networks used dispersed phone numbers to scale fraud via 49 million fake accounts; seven arrests, 1,200 SIM boxes and servers seized, with losses and 2FA risks under review across Europe.
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Vitalik Introduces GKR Protocol to Accelerate Ethereum Zero-Knowledge Proofs

Ethereum co-founder Vitalik Buterin introduced GKR cryptographic protocol that verifies 2 million calculations per second on regular laptops and reduces proof work from 100 times to just 10-15 times the original calculation, as Ethereum Foundation launched 47-member Privacy Cluster for default privacy features.
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Ellipal Hardware Wallet Hacked, User Loses $3M in XRP to Sanctioned Launderers

A US-based crypto holder lost $3.05 million worth of XRP after their Ellipal wallet was compromised, with stolen funds traced by ZachXBT to money laundering networks linked to Huione, a sanctioned Southeast Asian criminal marketplace that has processed over $27 billion in crypto since 2021.
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