The European Banking Authority on Friday unveiled a sweeping framework to penalize cryptocurrency issuers that violate the European Union’s digital-asset laws, signaling a tougher enforcement stance as the trade bloc finalizes its historic regulatory architecture.The consultation paper published June 26 establishes a standardized playbook for hitting non-compliant issuers of what the EBA considers “significant” tokens with potentially multimillion-euro penalties. Under the proposal, the Paris-based watchdog will deploy a strict two-step process to determine fines, assessing the baseline severity of an infraction before factoring in aggravating or mitigating behavior.The move represents the sharpening of teeth for the EU’s landmark Markets in…

On Thursday as well, Specter Analyst, another blockchain intelligence platform, said on Thursday that “It appears there may be a phishing attack targeting Polymarket users, with estimated losses of $2.94M so far.”One of the victims of the hack, Ash, on X wrote that his wallet had been hacked and had no idea why at the time. Ash also shared his and the attacker’s wallet addresses.Polymarket has suffered other security breaches recently. In March, blockchain investigator ZachXBT highlighted a suspected security breach. He said over $520,000 was reportedly drained from two smart contracts on the Polygon blockchain. Polymarket then said the…

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