According to Cointelegraph, the Australian financial intelligence agency AUSTRAC announced new regulations on June 3, setting a single cash deposit and withdrawal limit of 5000 Australian dollars (approximately 3250 US dollars) for encrypted ATMs and strengthening customer due diligence and transaction monitoring. The new regulations aim to crack down on fraud related to encrypted ATMs, especially targeting older users. According to AFP, between January 2024 and January 2025, the Australian cybercrime reporting platform ReportCyber received 150 fraud cases involving cryptocurrency ATMs, with a cumulative loss of $3.1076 million and an average loss of over $20000 per case. Nearly half of the victims were over 51 years old. The main types of fraud include investment, ransomware emails, and "pig killing schemes". The data indicates that the annual transaction volume of encrypted ATMs is as high as 275 million US dollars, and the actual losses of related fraud may be seriously underestimated. The police warn that once the transfer is made, it is almost impossible to recover it, and call on the public to be vigilant.
BlockBeats News: On June 3rd, Australian financial intelligence agency AUSTRAC announced new regulations for cryptocurrency ATMs: a limit of AUD 5000 per cash transaction, and required operators to strengthen anti money laundering monitoring, post fraud warnings, and implement stricter customer reviews. This measure aims to address the increasingly rampant fraudulent activities. The police stated that between 2024 and 2025, the losses from related fraud cases exceeded AUD 3.1 million, and the victims were mostly aged 60-70. Australia currently has nearly 1820 encrypted ATMs, making it the third-largest market in the world. (Cointelegraph)
According to the Aave Community Forum, AAVE will officially launch the Umbrella system on June 5, 2025, allowing users to pledge aTokens to prevent bad debts and receive rewards. This mechanism replaces the old pledged AAVE and stkABPT methods, and addresses bad debts by directly destroying aTokens, achieving higher capital efficiency and objective triggering mechanisms. Initially, it will be implemented on networks such as Ethereum, Arbitrarum, Avalanche, and Base, covering major assets such as USDC, USDT, and WETH. Umbrella has completed development and audit, and is ready for launch.
BlockBeats News: On June 3rd, real-time interactive online learning provider Classover Holdings, Inc. announced that it has reached a securities purchase agreement with Solana Growth Ventures LLC to issue up to $500 million worth of senior secured convertible notes, advancing its strategic plan to establish Solana (SOL) based treasury reserves. The CEO of Classover Holdings stated, 'This agreement marks a significant milestone for the company in building a fiscal reserve strategy based on SOL.'. By signing this agreement, Classover reaffirms its firm commitment to becoming a strategic leader in blockchain finance and positions itself as one of the first publicly traded companies to directly integrate SOL into financial operations
According to Foresight News, the Socket threat research team has released a report stating that they have discovered four malicious npm packages targeting BSC and Ethereum, which steal users' encrypted wallet assets. These four packages are: pancake_uniswap-uvalidators_tils_snipe (350 downloads), pancakeswap oral preparation (445 downloads), ethereum smart control (305 downloads), and env process (1054 downloads), with a total download volume of over 2100 times. The attacker uses obfuscated JavaScript code to steal 80% -85% of the target wallet balance and redirect it to an address under their control. These packages were written by the same actor with a time span of 3-4 years ago. Socket recommends developers to adopt automated dependency scanning and secure credential management to prevent attacks. Foresight News notes that npm packages refer to JavaScript software packages managed through npm (Node Package Manager). Npm is the default package manager for Node.js, used for installing, sharing, and managing dependencies and codebases of JavaScript projects.