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 LostImmunefi
0 in Finance and 0 in Crypto last weekDeFi Lending Hits Record $41B, Dominates Crypto Market
Decentralized finance lending has surged to unprecedented levels, with Galaxy Digital’s latest research revealing DeFi outstanding loans reached $40.99 billion in the third quarter, marking a 54.84% quarterly increase. This explosive growth has pushed DeFi’s market share to a record 62.71% of the crypto lending sector, fundamentally reshaping the landscape away from traditional centralized platforms and establishing new all-time highs across multiple metrics.
about DeFi Lending Hits Record $41B, Dominates Crypto MarketXRP Faces Key Resistance at $2.8 as Technicals Turn Bearish
XRP is trading under significant pressure as it struggles below crucial resistance levels, with technical indicators showing growing bearish momentum and analysts warning of potential further declines if bulls fail to break through key barriers. The cryptocurrency has dropped over 19% in the past week amid deteriorating market structure, with the $2.8 level emerging as a critical make-or-break threshold.
about XRP Faces Key Resistance at $2.8 as Technicals Turn BearishRipple Expands Security & African Reach Amid XRP ETF Hopes
Ripple is advancing its enterprise blockchain strategy through strategic security partnerships and African banking expansion while navigating regulatory uncertainty. As the company enhances institutional adoption of its XRP Ledger network, market participants await potential ETF approvals amid ongoing price volatility following recent market turbulence.
about Ripple Expands Security & African Reach Amid XRP ETF HopesRipple Partners with Absa Bank for African Digital Asset Custody
Ripple has secured its first major African custody partnership through a strategic alliance with South Africa’s Absa Bank, marking a significant expansion of institutional-grade digital asset services across the continent. The collaboration will see Absa integrate Ripple’s custody technology to manage tokenized assets and cryptocurrencies, addressing growing demand among emerging-market financial institutions for compliant digital infrastructure. This move strengthens Ripple’s global custody network while advancing its mission to integrate digital assets into mainstream financial operations across Africa.
about Ripple Partners with Absa Bank for African Digital Asset CustodyXRP Wedge Pattern Signals Major Price Move Ahead
XRP is consolidating in a tight trading range around $2.53 as technical analysts watch for a potential breakout from a descending broadening wedge pattern. The cryptocurrency shows mixed performance with a 2% gain in the past 24 hours but remains down 12% over the past week, creating a critical juncture that could determine its next significant price movement. With analysts presenting contrasting scenarios ranging from a potential surge toward $9 to a possible retest of $0.50 support levels, traders are closely monitoring both technical patterns and fundamental developments.
about XRP Wedge Pattern Signals Major Price Move AheadRipple Offers $200K Bug Bounty for XRP Lending Protocol
Ripple has partnered with blockchain security firm Immunefi to launch an ambitious $200,000 bug bounty program, dubbed an ‘attackathon,’ for its upcoming XRP Ledger lending protocol. This security initiative invites white hat hackers worldwide to identify critical vulnerabilities before the protocol undergoes a validator vote later this year, representing one of the most significant upgrades to the XRP Ledger ecosystem.
about Ripple Offers $200K Bug Bounty for XRP Lending ProtocolRipple & Immunefi Secure XRPL Lending with $200K Bug Bounty
Ripple has partnered with leading Web3 security platform Immunefi to fortify the upcoming XRPL Lending Protocol through an intensive security audit competition. The collaboration features a $200,000 ‘Attackathon’ bug bounty program designed to identify vulnerabilities before the protocol’s validator vote. This initiative represents Ripple’s strategic push to establish XRPL as an institutional-grade settlement layer.
about Ripple & Immunefi Secure XRPL Lending with $200K Bug BountySahara AI Pays Users in Crypto for Data Labeling
Sahara AI’s new Data Services Platform (DSP) incentivizes users with crypto rewards for completing essential AI data-labeling tasks like image tagging and audio transcription. Modeled after bug bounties, the platform offers three reward categories: Enterprise Tasks (paid in $SAHARA tokens), Dual-Reward Tasks (mixed tokens), and Community Tasks (dataset ownership stakes). Sahara emphasizes quality control through automated checks, peer review, and anti-Sybil attack measures. The platform supports stablecoin payouts and aims to improve AI training data integrity while creating earning opportunities in the decentralized economy.
about Sahara AI Pays Users in Crypto for Data LabelingFake ENA Token Exploit on Binance Launchpool Costs $290K
A fake ENA token was exploited on Binance Launchpool, leading to a loss of 480 BNB (~$290,000) shortly after the legitimate Ethena (ENA) token’s debut. The counterfeit token shared the same name, causing confusion and highlighting vulnerabilities in crypto offerings. Security firm PeckShield confirmed the token was fraudulent and unrelated to Ethena Labs. This incident follows broader concerns about DeFi security, including a recent $10M exploit on Prisma Finance and 2023’s $1.8B in crypto hacks. Ethena Labs, known for its USDe synthetic dollar protocol, had marked a milestone as Binance Launchpool’s 50th project before the exploit.
about Fake ENA Token Exploit on Binance Launchpool Costs $290K$450M Crypto Scam: NZ Man Arrested in Global Fraud Case
A Wellington man has been arrested in connection with a $450 million (NZD) crypto theft spanning March to August 2024. The U.S. DOJ filed federal charges, including racketeering (RICO Act), wire fraud conspiracy, and money laundering. The accused, granted interim name suppression, is one of 13 individuals involved in a cross-border scheme that defrauded seven victims. Stolen funds were allegedly laundered through crypto platforms and spent on luxury items like exotic cars and designer goods. New Zealand and U.S. authorities collaborated in the investigation, with further arrests expected. The case highlights rising crypto scams, including a separate $92.5 million DeFi hack in April 2025.
about $450M Crypto Scam: NZ Man Arrested in Global Fraud CaseCoinbase $400M Breach: Hackers Accessed Data Since January
A major security breach at Coinbase revealed that hackers gained unauthorized access to sensitive customer data as early as January by bribing foreign-based support staff. The stolen information included names, birth dates, addresses, government IDs, and banking details, posing risks of impersonation and further financial fraud. Coinbase disputes claims of continuous access but acknowledges multiple bribery incidents, leading to the termination of implicated agents. The exchange has pledged reimbursement for affected users, launched a $20 million bounty for the attackers, and is strengthening internal security. This incident highlights growing cyber threats in the crypto industry, with losses reaching $92.5 million in April 2025 alone.
about Coinbase $400M Breach: Hackers Accessed Data Since January