According to Huoxun Finance, American musician Garrett Dutton (stage name G. Love) lost 5.9 BTC (approximately $420,000) after downloading and using an app impersonating the Ledger wallet and entering his mnemonic phrase. The attackers have already laundered the stolen Bitcoin through the KuCoin platform. This incident exposes the security risks of fake wallet apps, reminding users to be vigilant when downloading and using cryptocurrency-related applications and to avoid entering private information through unofficial channels.

According to Huoxun Finance, Telegram CEO Pavel Durov called WhatsApp's end-to-end encryption a "huge consumer fraud." He pointed out that approximately 95% of private messages end up being stored in unencrypted backups on Apple and Google servers. Durov believes this puts users' privacy at risk—despite WhatsApp's claim of end-to-end encryption during message transmission, the actual backup mechanism fails to guarantee complete encryption of user information. This statement has raised concerns within the industry about privacy protection measures for mainstream communication applications.

Huoxun Finance reports that following the Bithumb erroneous payment incident, the Bank of Korea stated that it should carefully consider introducing a "circuit breaker" mechanism, similar to those in traditional financial markets, into the cryptocurrency market to address extreme market volatility and systemic risks. The Bank of Korea pointed out that as the cryptocurrency market expands and related risks increase, existing regulatory measures are insufficient to fully cover potential problems. Therefore, it is necessary to study the introduction of a protection mechanism that can automatically interrupt transactions to enhance market stability and investor protection. Previously, Bithumb's system malfunction led to abnormal payments to some users, drawing market attention.

According to Huoxun Finance, Shin Hyun-song, the nominee for governor of the Bank of Korea, stated in his written response at his parliamentary confirmation hearing that central bank digital currencies (CBDCs) and commercial bank deposit tokens issued based on them should be at the core of the digital currency ecosystem. Shin generally supports the introduction of a Korean won stablecoin, but emphasized that maintaining trust in the currency is the primary consideration. Regarding the issuers of the Korean won stablecoin, he pointed out that South Korea is not a reserve currency country, and compliance is crucial. Therefore, he suggested prioritizing issuance by bank-led consortia, with non-bank institutions allowed to participate, and gradually expanding the scope of issuers later. Regarding the claim that stablecoins improve the efficiency of foreign exchange transactions, Shin expressed caution, believing that it is unclear whether blockchain technology can comply with capital and foreign exchange regulations. Furthermore, he stated that crypto assets, including stablecoins, fail to fulfill the core functions of currency, such as measure of value, medium of exchange, and store of value, and cannot replace fiat currency.

Huoxun Finance reports that registration for the Bitget preSPAX VIP exclusive airdrop is officially open. This airdrop is divided into two rounds: The first round is open to **users who became Bitget VIPs before 10:00 AM (UTC+8) on April 13th**, with a total prize pool of 760 preSPAX tokens. Eligible users must register through the "VIP Center" on the platform homepage and maintain their VIP status before 11:59 PM (UTC+8) on April 15th. Airdrop rewards will be distributed according to the user's VIP level and will be distributed on April 16th. The second round is open to **users who newly upgraded to Bitget VIPs between 10:00 AM on April 13th and 11:59 PM (UTC+8) on April 19th**, with a total prize pool of 190 preSPAX tokens. The specific amount will be distributed according to the VIP level at the end of the event, and airdrop rewards will be distributed on April 20th. More event details can be found on the official Bitget platform.