**ICYMI**: [Asia & EMEA news recap from James Hunt at The Block](https://x.com/humanjets/status/2049834310937498035?s=20) 👇 🚨 **Global crypto scam crackdown** A task force led by the FBI arrested 276 suspects and shut down nine scam centers. 🔗 [Link](https://www.theblock.co/post/399515/fbi-task-for
Security & Exploits ·
An FBI-led task force arrested 276 suspects and shut down nine scam centers operating crypto investment schemes, marking a significant enforcement action against fraudulent operations. In a separate enforcement matter, South Korean prosecutors are seeking a 20-year prison sentence for Jeong Sang-ho, CEO of Delio, over the platform's halted customer withdrawals in June 2023.
Security vulnerabilities also surfaced this week: Wasabi Protocol was exploited for over $5 million across multiple blockchain networks including Ethereum, Base, Berachain, and Blast. The incident underscores persistent risks in multi-chain protocols even as legitimate platforms expand their reach—Shinhan Card, a major South Korean credit card issuer, partnered with Solana to develop stablecoin payment systems, while Ark Invest bought $39.4 million in Robinhood shares while divesting $6.1 million of its spot bitcoin ETF.
Other developments include Tether's proposed merger of Twenty One Capital with Strike and Elektron Energy, KAST's appointment of former SEC advisor Stephanie Allen as policy communications head, and the launch of MegaETH's MEGA token following the project's first performance milestone. The breadth of activity—from enforcement actions to protocol exploits to institutional positioning—reflects ongoing volatility across regulatory, technical, and market dimensions.