A fraudulent token masquerading as the newly launched ENA token was exploited on Binance Launchpool, resulting in losses of 480 BNB worth approximately $290,000. The incident, which occurred mere hours after the legitimate Ethena (ENA) token debuted as the platform’s 50th project, has sown significant confusion and raised urgent questions about security protocols in the cryptocurrency sector. Security firm PeckShield has confirmed the token was counterfeit, highlighting a persistent vulnerability to malicious exploits within the digital asset space.
about Fake ENA Token Exploited on Binance Launchpool, $290K LostTHORChain
0 posts last weekTHORChain Launches Native Cross-Chain Swap Interface in Public Beta
THORChain has unveiled a public beta for its dedicated DeFi swap interface, enabling direct native asset swaps across multiple blockchains without wrapped tokens or centralized exchanges. This first-of-its-kind platform aims to simplify cross-chain trading for both newcomers and experienced users. The official launch is planned for Q1 2026.
about THORChain Launches Native Cross-Chain Swap Interface in Public BetaGem Wallet Unifies Cross-Chain USDT with Swaps, Bridges & Security
As the $140 billion USDT stablecoin market grapples with cross-chain complexity and rising security threats, Gem Wallet has launched a unified infrastructure solution. The fully open-source, self-custody wallet integrates swaps, bridges, and anti-scam protection across 10+ blockchains, aiming to consolidate the fragmented stablecoin experience that has forced users to navigate high fees, multiple wrapped versions, and sophisticated attacks like address poisoning.
about Gem Wallet Unifies Cross-Chain USDT with Swaps, Bridges & SecurityPortal to Bitcoin Raises $25M for Atomic OTC Trading Desk
Portal to Bitcoin, a protocol focused on Bitcoin-native interoperability, has secured $25 million in a funding round led by digital asset lender JTSA Global. The capital injection coincides with the launch of its atomic over-the-counter (OTC) trading desk, a platform designed to facilitate trustless, cross-chain settlement for large block trades directly on the Bitcoin network. This development represents a significant push to bring sophisticated, non-custodial financial infrastructure to the world’s premier cryptocurrency.
about Portal to Bitcoin Raises $25M for Atomic OTC Trading DeskLazarus Group Steals $5.2M in Crypto via Malware Exploit
The Lazarus Group, a North Korean hacking collective, executed a $5.2 million cryptocurrency heist on May 24 by exploiting malware vulnerabilities in multiple wallets, including exchange wallets and externally owned accounts (EOAs). Blockchain analyst ZackXBT identified three Ethereum addresses linked to the attack, revealing a shift in the group’s focus toward independent traders rather than large institutions. The stolen funds, including 1,000 ETH, were quickly laundered through Tornado Cash and dispersed across various wallets. Recent incidents, such as the sale of 40.78 WBTC for a 251% profit, further highlight the group’s sophisticated laundering techniques. Evidence suggests Lazarus still holds over $1.1 billion in crypto assets, distributed across Bitcoin, Ethereum, and Tether, underscoring their long-term presence in the dark crypto market.
about Lazarus Group Steals $5.2M in Crypto via Malware ExploitCoinbase Exploiter Swaps $42.5M in Stolen Crypto, Trolls Investigator
The perpetrator of the recent Coinbase exploit has begun converting stolen Bitcoin into Ethereum through THORChain, moving over $42.5 million in crypto. Blockchain investigator ZachXBT tracked the transactions and was trolled by the hacker with an on-chain message. The exploiter later swapped 8,697 ETH for 22 million DAI, while another linked address received 9,081 ETH and converted it to 23 million DAI. Coinbase revealed the breach involved compromised customer support agents leaking data on 69,461 users, including personal and financial details. The company refused a $20 million ransom demand and estimates remediation costs between $180-400 million, including customer reimbursements.
about Coinbase Exploiter Swaps $42.5M in Stolen Crypto, Trolls InvestigatorCoinbase Hacker Mocks ZachXBT After $42.5M Crypto Swap
The hacker responsible for a Coinbase data breach mocked blockchain investigator ZachXBT with an onchain message after converting $42.5 million from Bitcoin (BTC) to Ethereum (ETH) via THORChain. On May 21, the attacker embedded a taunting message—’L bozo’—alongside a meme video of NBA player James Worthy in the transaction input data. This brazen move highlights the challenges of tracking and deterring malicious actors in decentralized finance (DeFi) ecosystems.
about Coinbase Hacker Mocks ZachXBT After $42.5M Crypto SwapCoinbase Hacker Taunts ZachXBT After $42.5M Crypto Swap
The hacker responsible for the Coinbase data breach has taunted on-chain investigator ZachXBT through an Ethereum transaction, mocking him with slang and a meme video link. The attacker moved $42.5M from Bitcoin to Ethereum via THORChain and later transferred an additional 8,698 ETH ($22.6M). Coinbase, which recently disclosed a breach affecting 69,400 users, refused a $20M ransom demand, instead offering it as a bounty. The exchange now faces potential losses of $180M–$400M due to remediation efforts. ZachXBT, known for exposing crypto scams, previously received community support in a defamation case and now works with Paradigm as an incident response advisor.
about Coinbase Hacker Taunts ZachXBT After $42.5M Crypto SwapAmeer Rosic: From Dropout to Blockchain Educator
Ameer Rosic, the founder of Blockgeeks, has played a pivotal role in making blockchain and crypto education accessible to everyday people. Dropping out of school in ninth grade, Rosic took an unconventional path, initially running a clothing business before diving into blockchain after meeting Dmitry Buterin. In 2016, he co-founded Blockgeeks, an online platform offering straightforward tutorials on blockchain and crypto, which quickly gained millions of organic visits. Beyond education, Rosic has contributed to projects like the Aion network and invested in DeFi protocols such as Thorchain and Synthetix. He also advocates for sensible crypto policies through the Canadian Web3 Council and serves on the board of WonderFi. Rosic’s approach blends technical knowledge with philosophical discussions, emphasizing education and risk awareness in the fast-moving crypto world.
about Ameer Rosic: From Dropout to Blockchain Educator27% of $1.4B Crypto Hack Funds Gone Dark, Bybit CEO Reveals
Bybit CEO Ben Zhao revealed that 27% of the $1.4 billion stolen in February’s record-breaking crypto hack has ‘gone dark,’ while 68.57% remains traceable and 3.84% is frozen. The hackers, linked to North Korea’s Lazarus Group, employed mixers like Tornado Cash and bridges such as Thorchain to launder Ethereum (ETH) and Lido Staked Ether (stETH). The funds were cycled through multiple platforms before entering OTC or P2P fiat exchanges, complicating recovery efforts. One implicated exchange, eXch, is shutting down amid money laundering allegations. This marks the largest crypto theft to date, highlighting persistent vulnerabilities in DeFi security and cross-chain transactions.
about 27% of $1.4B Crypto Hack Funds Gone Dark, Bybit CEO Reveals27% of Bybit’s $1.4B Hack Funds ‘Gone Dark’
Bybit CEO Ben Zhao reveals that 27% of the $1.4 billion stolen in February’s massive crypto hack has ‘gone dark,’ while 68.57% remains traceable and 3.84% is frozen. The hackers, linked to North Korea’s Lazarus Group, used mixers like Tornado Cash and bridges such as Thorchain to launder the Ethereum (ETH) and Lido Staked Ether (stETH) haul—the largest crypto theft ever. One implicated exchange, eXch, is shutting down amid laundering allegations. The funds were cycled through multiple platforms before entering OTC or P2P fiat exchanges, complicating recovery efforts.
about 27% of Bybit's $1.4B Hack Funds 'Gone Dark'Bybit Hack: $1.4B Stolen by North Korean Hackers
In one of the largest crypto heists ever, Bybit reported that North Korean hackers stole $1.4 billion, primarily in Ethereum. CEO Ben Zhou disclosed that 68.57% of the funds are still traceable, while 27.59% have gone dark—likely laundered through mixers like Wasabi and Tornado Cash. The hackers converted 84% of the stolen ETH into Bitcoin via Thorchain, distributing it across 35,772 wallets. Bybit has received 5,443 bounty reports, with 70 deemed valid, as the exchange seeks community help to track the remaining funds. Law enforcement has frozen 3.84% of the assets, but the bulk remains in motion through cross-chain swaps and OTC platforms.
about Bybit Hack: $1.4B Stolen by North Korean Hackers