Crypto
AI Summary
- A Texas man received a 23-year prison sentence for his role in a $20 million fraud involving Meta-1 Coin, highlighting ongoing risks in the digital asset space.
- The first quarter saw a significant downturn in centralized exchange (CEX) volumes, dropping 39%, indicating a sustained 'crypto winter' and reduced trading activity.
- A cybersecurity researcher discovered fake Ledger hardware wallets being sold on a Chinese marketplace, underscoring the persistent threat of counterfeit products targeting crypto users.
- An Ethereum Foundation-funded program successfully identified and exposed approximately 100 North Korean workers who had infiltrated various crypto firms, showcasing efforts to combat state-sponsored illicit activities.
- Following the Drift Protocol hack, at least a dozen other crypto entities have reportedly faced cyberattacks, pointing to a concerning trend of escalating security breaches across the industry.
Sources
Cointelegraph
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Texas man in $20M Meta-1 Coin fraud sentenced to 23 years in prison
an hour ago
by Cointelegraph by Stephen Katte
Latest NewsMeta-1 Coin was sold and marketed from 2018 to 2023 as an investment backed by $44 billion in gold and $1 billion in artworks, which turned out to be fictional.
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Crypto in sustained winter as CEX volumes drop 39% in Q1: CoinGecko
2 hours ago
by Cointelegraph by Jesse Coghlan
Latest NewsMarch was the “weakest month" with $800 billion in centralized crypto exchange trading volume, the lowest since November 2023.
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Cybersecurity researcher uncovers fake Ledger sold on Chinese marketplace
2 hours ago
by Cointelegraph by Brayden Lindrea
Latest NewsThe researcher said they examined the fake Ledger device’s firmware and found signs pointing to a Chinese semiconductor company named Espressif Systems.
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Ethereum Foundation-funded program exposes 100 DPRK workers in crypto
3 hours ago
by Cointelegraph by Brian Quarmby
Latest NewsThe Ketman Project, funded by an Ethereum Foundation stipend, identified 100 North Korean IT workers and alerted about 53 projects employing DPRK operatives.
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At least a dozen crypto entities attacked since Drift Protocol hack
3 hours ago
by Cointelegraph by Martin Young
Latest NewsRhea Finance and the Russia-linked Grinex exchange were hacked for a combined $21 million over the past two days.
CoinDesk
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The U.S. government moves $606,000 in bitcoin linked to the 2016 Bitfinex hack to Coinbase
3 hours ago
by Omkar Godbole
Markets, Bitcoin News, Crime, NewsBitfinex plans to use the returned coins to redeem all Recovery Right Tokens and devote at least 80 percent of remaining net proceeds to repurchasing and burning its UNUS SED LEO token.
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XRP leads bitcoin and ether on weekly gains, but muted volume keeps breakout in check
3 hours ago
by Shaurya Malwa
Markets, NewsToken outperforms bitcoin and ether over seven days, though thinning participation signals consolidation rather than conviction.
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Bitcoin bulls target $125,000 as U.S.-Iran peace talks trigger risk-on mood
4 hours ago
by Shaurya Malwa
Markets, NewsFunding rates at 2023 lows signal the market is heavily short against bitcoin, ZeroStack's Daniel Reis-Faria says, setting up conditions for a forced unwind if prices push higher.
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U.S. CFTC's Selig says AI has helped make up for staffing cuts at key crypto watchdog
15 hours ago
by Jesse Hamilton
Policy, Regulation, Prediction Markets, Kalshi, Polymarket, NewsChairman Mike Selig faces explosive new market duties with crypto and prediction markets, where he said "numerous investigations" have begun.
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Cardano's Charles Hoskinson says Bitcoin's quantum fix is a hard fork that can't save Satoshi's coins
16 hours ago
by Shaurya Malwa
Tech, NewsThe Cardano founder argues BIP-361 is mislabeled as a soft fork and that its zero-knowledge recovery plan cannot rescue roughly 1.7 million pre-2013 bitcoin, including Satoshi's holdings.
Decrypt
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Quantum Proposal Won’t Save Satoshi’s Bitcoin, Says Cardano Founder Hoskinson
10 hours ago
by Logan Hitchcock
TechnologyCardano founder Charles Hoskinson says "it's not possible" to save all vulnerable Bitcoin from quantum computing under the current proposal.
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Ethereum Foundation Helps Expose North Korean Workers That Infiltrated Crypto Firms
11 hours ago
by André Beganski
Law and OrderThe Ethereum Foundation reported that a six-month program helped expose around 100 DPRK IT workers across 53 crypto projects.
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OpenAI Super App Takes Shape: Codex Gets Computer Use, Browser, and Image Gen
11 hours ago
by Jose Antonio Lanz
Artificial IntelligenceOpenAI's Codex desktop app now controls your Mac, runs its own browser, and generates images. The update pushes Codex further into territory occupied by Claude Code and OpenClaw.
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Russian Crypto Exchange Grinex Halts Trading, Alleging $13M Exploit by 'Western Special Services'
11 hours ago
by Logan Hitchcock
Law and OrderRussian crypto exchange Grinex paused trading services after a $13 million exploit it says was conducted by "foreign special services."
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Federal AI Use Soars, But Bottlenecks Threaten Momentum Amid Public Skepticism: Brookings
12 hours ago
by Decrypt Agent
Artificial IntelligenceThe United States government has rapidly adopted AI tools in recent years, but skepticism towards both AI and agencies alike is only growing.
AMBCrypto
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Bitcoin bears are taking over, but BTC still looks bullish – Here’s why
24 minutes ago
by Samyukhtha L KM
Bitcoin, BTC Trading View, News, News 1, Social, Trading ViewA supply-squeeze rally may happen in time.
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Only 4% of Denmark’s population owns crypto – What’s slowing adoption?
an hour ago
by Benjamin Njiri
Bitcoin, Global News, News, News 1, Social, Trading View, ambcryptoDespite the slow adoption, Denmark investors were increasingly interested in indirect exposure via crypto-related stocks.
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Solana network activity explodes past $1.1T in Q1, but SOL is yet to catch up
2 hours ago
by Samyukhtha L KM
Altcoin, News, News 1, Social, Solana, Trading ViewWhale-sized on-chain flows are rising too.
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JUST defies market logic as $20 mln burn fails to halt 25% drop – Bears dominate
2 hours ago
by Olayiwola Dolapo
Altcoin, News, News 1, Social, Trading ViewJST defies market expectations despite $20M burn as price drops 25%.
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‘A yuan-backed stablecoin in the next 3-5 years,’ predicts Circle CEO
3 hours ago
by Ishika Kumari
News, News 1, Social, Stablecoins, Trading View, ambcryptoIn this fiercely competitive stablecoin market, why does Circle's CEO predict the launch of a stablecoin in China?