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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Two Texas brothers pleaded guilty in a federal case tied to an $8 million cryptocurrency kidnapping. The DOJ said a Minnesota family was held at gunpoint and forced to transfer crypto. The case highlights physical security risks for high-value self-custody holders. A Crypto Theft Case Moves From Charges To Guilty Pleas Two Texas brothers have pleaded guilty in a federal case involving the armed kidnapping of a Minnesota family and the theft of $8 million in cryptocurrency, according to the U.S. Department of Justice. The…
In brief Taiko said its chain state verification mechanism was compromised and urged users to withdraw funds from all bridges on the network. BlockSec Phalcon estimated losses exceeding $1.7 million and linked the attack to an exposed Raiko SGX enclave signing key. The breach raises questions about the security of the protocol’s proof verification infrastructure. The developers behind the Taiko network have urged users to withdraw funds from all bridges deployed on its Ethereum layer-2 blockchain after confirming a compromise of its chain state verification mechanism.In a security notice posted Sunday, the project said the security assumptions underlying all bridges…
In brief Bitcoin is changing hands near $64,600, down about 13% over the past month and roughly 50% below its October record, with several analysts describing a market stuck in a range. Bitcoin is no longer in a trending regime, one analyst argued, moved instead by liquidation clusters and deleveraging as it awaits a catalyst. Those catalysts include a looming Clarity Act vote and U.S. inflation cooling should the Iran peace deal hold, with a near-term risk in the form of Friday’s $10.9 billion option expiry. Bitcoin is grinding sideways, and the analysts watching it largely agree on the problem:…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure One of Ethereum’s most notorious MEV bots, known as JaredFromSubway, has reportedly been drained for around $7.5 million after attacker-controlled contracts tricked its automated system into granting token approvals. TL;DR The JaredFromSubway MEV bot was reportedly drained for about $7.5 million. Security firm Blockaid said the bot was tricked into approving malicious trading routes. The attacker then used those approvals to pull assets from the bot contract. The incident appears to target the bot’s own automation, not Ethereum itself. CoinDesk reported that Blockaid identified the exploit,…
Kraken’s new Solana token flow adds more assets to the app and changes what users may think the app is signaling.In a June 18 launch post, Kraken said eligible users in the US and more than 100 countries can trade more than 2,500 Solana-based tokens directly from the main Kraken app. The feature is built to remove the usual on-chain setup work: no separate wallet, no seed phrase, no bridge, and no app switch before a trade.The trade-off is easy to underestimate once the assets are held in an exchange app.Kraken still draws a line around these tokens: they are…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin steadied near the $64,000 area on Monday as traders watched fresh signs of progress in US-Iran talks and a broader easing in geopolitical risk across global markets. TL;DR US-Iran talks have reportedly made progress under Qatar and Pakistan mediation. Mediators have outlined a 60-day roadmap toward a possible final agreement. Bitcoin has held around the $64,000 zone as risk sentiment stabilised. The link between diplomacy and BTC should be framed carefully, not as a single-cause move. The Guardian reported that Iran’s foreign minister cited progress…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A sharp liquidation burst is keeping leverage risk in focus for crypto traders, even as Bitcoin attempts to stabilize after reclaiming nearby support levels. Loading Tweet… View original post on X TL;DR Kalshi Crypto reported $180 million worth of crypto longs liquidated in one hour on June 18. BitcoinWorld Media connected that liquidation event to a broader Bitcoin technical discussion around a possible $60,000 liquidity sweep. The posts highlight how quickly crowded long exposure can unwind when BTC loses key support. Traders are now watching whether…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure An older Bitcoin roadmap from crypto commentator Klarck is getting a fresh look because the market has moved close to one of the key downside zones highlighted months earlier. Loading Tweet… View original post on X TL;DR Klarck posted in February that BTC could bounce to $83,000, then gradually drop toward the $65,000–$55,000 zone. The post also projected a two-week accumulation phase before a later transition back to growth. Because the post is from February, it should be treated as a look-back on a market call,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Secret Network has confirmed a significant security incident involving its Axelar bridge, which was exploited to drain approximately $4.67 million. The attack exploited a vulnerability allowing for an “infinite-mint” of tokens, essentially creating an unlimited supply out of thin air within the bridge’s smart contracts. Secret Network’s Axelar bridge was compromised, leading to a loss of $4.67 million. The attacker exploited an infinite-mint vulnerability in the bridge’s smart contracts. The issue went undetected for seven days before mitigation measures were deployed. The vulnerability has since been…