David Schwartz, Ripple's CTO, highlighted the dangers of AI-generated content after a family was poisoned by relying on an AI-generated mushroom identification book, drawing parallels to a historical legal case involving misinformation.

Ripple CTO David Schwartz clarifies the XRP Ledger's clawback feature, emphasising its role in correcting ledger inaccuracies, particularly regarding legal obligations. Meanwhile, the XRPL community is collaborating on evolving the XRPL Foundation to better serve its needs.

In a bid to become leaner and faster, crypto exchange Kraken has announced staff cuts as part of its restructuring.

中国男子王兴鸿因670万元加密货币骗局被判五年监禁，涉及700多名受害者。

Chinese national Wang Xinghong, 40, was sentenced to five years in prison for his role in a cryptocurrency scam that defrauded over 700 investors out of S$6.7 million. As CTO of A&A Blockchain Innovation, he helped maintain a fake mining app, contributing to the scheme's operation and resulting in losses of S$1.1 million.

Chinese man Wang Xinghong has been sentenced to five years in prison for a $6.7 million cryptocurrency scam involving more than 700 victims.