Bybit asks DAO to return fees earned from hack transactions

Defunct cryptocurrency exchange FTX has filed lawsuits against NFT Stars Limited and Kurosemi Inc., the operator of the Delysium platform, as part of its ongoing efforts to recover assets for creditor payouts. 

The legal actions announced by FTX and its recovery trust are in response to the companies’ alleged failure to deliver tokens as stipulated in prior contractual agreements.

FTX Initiates Legal Action to Recover Assets 

According to the latest press release, the exchange attempted non-litigation negotiations with both entities multiple times. Nonetheless, these efforts were unsuccessful. 

In addition to the current legal actions, FTX revealed that it is also engaging with several other token issuers to recover assets. The company added that further lawsuits will be filed against those who fail to cooperate. 

“We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement. Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors, including by filing two complaints against issuers who have repeatedly ignored our attempts to engage,” The FTX Estate’s statement read.

The lawsuits mark a significant escalation in FTX’s strategy to reclaim assets following its bankruptcy filing in November 2022. A liquidity crisis and the revelation of an $8 billion shortfall in its accounts triggered the exchange’s collapse.

On February 18, 2025, FTX started its initial distributions of recovered funds. The initial round of payments was made to holders of approved claims in FTX’s Convenience Class. FTX also announced that the next distribution record date will be April 11, with payments expected to begin on May 30. 

This second round of payments will include Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and additional Convenience Claims approved since the initial record date. This distribution is part of a broader plan to repay creditors.

Last month, FTX suffered another setback as Three Arrows Capital’s (3AC) claim was raised from $120 million to $1.5 billion. The amendment followed new findings about 3AC’s extensive dealings with FTX. It was approved despite objections from FTX.

Meanwhile, FTX’s collapse serves as a reminder of the systemic risks in the crypto industry. To avoid similar situations, US Senators have proposed the PROOF Act earlier this month.

The bill mandates that crypto exchanges keep customer funds separate from institutional assets. It also requires exchanges to submit monthly audits, called “Proof of Reserves,” conducted by neutral third-party firms. This aims to ensure transparency, verify asset availability, and enhance consumer protection.

The post FTX Files Lawsuits Against NFT Stars and Kurosemi in Asset Recovery Push appeared first on BeInCrypto.

Bitget Wallet has announced the launch of a zero-fee crypto card that enables real-time, onchain-powered payments — seamlessly connecting Web3 wallets with the global Mastercard network. The initiative is built in collaboration with Mastercard and Immersve, offering crypto-native users the ability to pay at over 150 million merchants worldwide without surrendering custody of their assets.

In this exclusive Q&A, Jamie Elkaleh, CMO at Bitget Wallet, shares the strategy behind this launch, the challenges of real-time onchain settlement, and what this innovation means for the future of decentralized payments. From tackling regulatory friction to reshaping daily crypto use, Bitget Wallet is setting a new standard in how digital assets meet the real world.

1. Why was this the right moment to launch a crypto-linked card, and how does it improve on previous attempts to bring crypto into everyday spending? What gap in the market are you aiming to fill through this partnership?

This launch comes at a time when both user behavior and infrastructure are ready to support everyday crypto spending. According to the European Central Bank, crypto card transactions under €10 now account for 45% of activity, reflecting growing micro-spending behavior once dominated by cash. Moreover, 40% of crypto card transactions occur online, nearly double the average for euro-area cards, signaling that users increasingly expect digital-native payment experiences.

Bitget Wallet Onchain Report shows that 37% of Western European and 41% of Eastern European Bitget Wallet users already use their wallet primarily for payments. However, most existing crypto cards today rely on custodial flows, high fees, or delayed settlement.

The Bitget Wallet Card addresses these issues with a zero annual and top-up fee structure, instant digital approval, direct onchain top-ups via USDC on Base, and a fully self-custodial experience. It removes friction between Web3 wallets and the real world—without requiring users to surrender control of their assets.

2. By allowing users to spend directly from Bitget Wallet, the card brings self-custodied assets into real-world transactions. What made this technically and legally possible today, and were there any compromises along the way?

This product was made possible through the coordinated infrastructure between Bitget Wallet, Immersve, and Mastercard. Bitget Wallet powers the onchain interface and user-controlled experience; Immersve acts as the licensed issuer, providing settlement rails and regulatory infrastructure; and Mastercard enables access to a global merchant network. Together, these elements ensure that crypto remains in the user’s control until it is voluntarily topped up and used. 

The user completes identity verification for card issuance and compliance, but never forfeits custody of assets within the wallet itself. All top-ups happen directly onchain using USDC on Base, and conversions occur in the backend only when a payment is made. This architecture preserves self-custody while enabling a compliant, real-world payment experience. No compromises were made to the wallet’s trustless foundation, and we believe that layering regulated card issuance on top of a self-custodial product is the path forward for crypto usability.

3. Real-time funding through onchain swaps and deposits sounds seamless in theory, but what were the hardest challenges in making it work smoothly and reliably at scale?

The biggest challenge was aligning blockchain dynamics with the real-time requirements of a debit card experience. Traditional cards require pre-funded balances and instantaneous approvals at the point of sale, while onchain transactions can face confirmation delays, fluctuating gas fees, and network congestion. 

To overcome this, we built Bitget Wallet’s top-up system to be as fast and frictionless as possible. Base chain was selected for its speed and low cost, and the wallet was optimized to allow real-time USDC top-ups that are recognized immediately by the card infrastructure. The backend integration with Immersve ensures fiat conversion happens instantly, allowing the card to behave like any Mastercard product in terms of settlement and merchant interaction. Bridging the onchain and offchain environments while maintaining UX simplicity required significant development, but we believe this is one of the key breakthroughs of the product.

4. Considering their intricate regulatory frameworks, launching first in the UK and EU seems like a brave move. How do you strike a balance between meeting the demands of openness and control that are important to crypto-native users?

Launching in the UK and EU was intentional. These are highly regulated but also digitally mature markets where users are already comfortable with card payments, wallet apps, and fintech tools. The regulatory environment, while demanding, offers clearer pathways for compliant crypto products compared to many other regions. 

At the same time, we were careful to ensure that crypto-native values are not compromised. Bitget Wallet remains fully self-custodial; users only engage with compliance measures when applying for and activating the card. Their wallet access, funds, and onchain activity remain entirely in their control. This layered approach allows us to meet the demands of regulators without stripping away decentralization. The card is a regulated, opt-in payment layer on top of a non-custodial wallet, not a replacement for it.

5. Many still think of wallets as simple storage tools. With payments, staking, rewards, and DApp access now integrated, how is Bitget Wallet changing the way users interact with their assets, and what role does this card play in that shift?

Bitget Wallet is becoming a complete Web3 financial platform, not just a crypto storage solution. Users can already trade, earn, pay, and discover decentralized applications — all within a single interface. The card extends this functionality into the real world, allowing users to tap and pay at millions of Mastercard-supported merchants without needing to off-ramp or rely on custodial exchanges. It turns crypto from a passive holding into an active financial tool. The ability to earn additional yields through in-wallet staking, receive cashback rewards, and seamlessly top up with USDC reflects a shift from “store and wait” to “spend and grow.” The card is an essential part of our PayFi strategy, which integrates real-world payments with onchain earning opportunities, helping users engage with crypto in a daily, practical way.

6. You’ve announced plans to expand into Latin America, Australia, and New Zealand. What are the key factors that shape your rollout strategy across regions, and how do user behaviors or regulatory conditions influence your decisions?

Our expansion strategy is driven by a combination of user demand, regulatory feasibility, and payment infrastructure maturity. In Latin America, we see high adoption of stablecoins for remittances and everyday transactions, especially in regions where inflation and limited banking access drive demand for crypto as an alternative. In Australia and New Zealand, the regulatory landscape is more clearly defined, and consumer familiarity with digital finance makes them ideal next-stage markets. 

Bitget Wallet Onchain Report showed that up to 60% of wallet users in Southeast Asia and over 40% in Latin America already use their wallets for payments. This data helps guide our market sequencing. Our team also evaluates readiness in terms of local issuing partners, merchant coverage, and fiat settlement support. Each market requires customization, and our goal is to launch only where we can provide a complete, reliable, and locally relevant user experience.

7. A year from now, what outcomes would signal that this partnership has succeeded? As you continue to grow beyond being just a wallet, what else can users expect next from Bitget Wallet?

Twelve months from now, we will consider the partnership successful if we see strong and sustained adoption of the card among active users. Key indicators will include the number of cardholders, total transaction volume, average spend per user, and repeat usage patterns. We are also monitoring user feedback and Net Promoter Score to evaluate satisfaction with the payment experience. 

Beyond raw metrics, success also means shifting the perception of crypto from speculative to spendable. Looking ahead, Bitget Wallet will continue building its PayFi ecosystem. Users can expect QR code payment features, expanded support for additional stablecoins and tokens, deeper in-wallet shopping and earning tools, and broader merchant integrations. Our mission is to make crypto not just accessible but genuinely useful in daily life without compromising the principles of self-custody and user control.

The post Exclusive Q&A with Bitget Wallet CMO Jamie Elkaleh on Zero-Fee Crypto Card Powered by Mastercard appeared first on BeInCrypto.

GoMining has introduced a competitive gaming league that ties real-world Bitcoin mining to clan-based competition. 

According to the project’s claims, Miner Wars now hosts more than 245,000 active Bitcoin miners and distributes a prize pool of 1 BTC every day. 

Gamifying Bitcoin Mining 

The new league builds on GoMining’s global infrastructure, which includes nine data centers and a combined capacity of 7.5 M TH/s. The game leverages established connections with leading US mining providers without relying on third-party facilities.

At its core, Miner Wars uses digital miners—tradeable NFTs that represent a share of GoMining’s industrial-scale hardware. 

Purchasing a digital miner allows users to commit terahashes to GoMining’s pools and receive proportional rewards when the network mines a new block. 

Those same NFTs serve as entry keys for Miner Wars rounds, which run 120–150 times daily. Each round mirrors Bitcoin’s block-creation protocol. When a new block appears on the blockchain, its hash determines the winning clan.

“Positioned at the intersection of digital mining and GameFi, Miner Wars has found a welcoming niche with a loyal and stable audience. It serves as a cross-platform gateway for the mining newcomers,” Mark Zalan, CEO of GoMining, told BeInCrypto. 

Clans that commit more terahashes have higher odds of securing the day’s Bitcoin reward, while in-game purchases and boosts add GOMINING token rewards and tactical variety. 

The GOMINING token was launched in 2022 as GMT, but later rebranded in 2023. After the new ‘clan league’ feature announcement today, GOMINING went up nearly 10%. Its daily trading volume also surged by nearly 35%, according to CoinMarketCap. 

Since its launch in September 2024, the game has attracted over 165,000 unique players and generated more than $58,000 in in-game purchases. 

Can Gamification Make Mining More Accessible? 

Crypto mining has always been a challenge for non-sophisticated and non-technical individuals. It’s always seen as a niche reserved for a specific community. 

However, gamifying Bitcoin mining transforms passive operations into interactive experiences that boost engagement and broaden participation.

Gamified platforms can decentralize mining by attracting diverse participants and encouraging broader hash-power distribution. They also serve educational purposes, teaching newcomers about mining economics and network dynamics through hands-on competition. 

As Web3 games are booming and attracting investor attention, gamification can democratize access to mining returns. 

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