Hackers leaked Solana co-founder Raj Gokal’s passport and phone number on Migos’ Instagram account after a failed 40 BTC ransom demand. Blockchain analyst ZachXBT revealed attackers accessed Gokal’s email days prior, obtaining KYC documents synced to cloud storage. Gokal had warned followers about ongoing attempts to compromise his accounts. The breach involved social engineering rather than the recent Coinbase data leak, though both incidents underscore vulnerabilities in crypto security. Coinbase’s breach may cost up to $400 million in remediation, while Gokal’s case demonstrates the personal risks facing industry leaders.
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Migos Instagram Hack Targets Solana Co-Founder in Bitcoin Extortion
The Instagram account of ex-rap group Migos was compromised in a brazen extortion attempt aimed at Solana co-founder Raj Gokal. On May 27, the hacked account posted multiple images, including two showing Gokal holding his passport and driver’s license with visible personal details. The captions demanded 40 Bitcoin, suggesting a failed blackmail attempt. The posts, later deleted, tagged Gokal with messages like ‘you should’ve paid the 40 btc.’ This incident highlights the growing risks of social media hacks targeting high-profile crypto figures for financial gain.
read moreSolana: From Sunshine to Top Baby Name & Crypto
Solana, meaning ‘sunshine’ in Spanish and Latin, has surged in popularity as a baby name, climbing to the 242nd spot in 2024 from 933rd in 2023. The name’s appeal is tied to its melodic sound and association with warmth, partly boosted by artist SZA. Simultaneously, the Solana blockchain, named after Solana Beach in California, has become a top Layer 1 crypto, processing thousands of transactions per second and ranking 6th by market cap. The dual rise of Solana highlights its cultural and financial impact.
read moreFomo Secures 2 Million Dollars in Pre-Seed Financing Round
Fomo has successfully raised $2 million in a Pre-Seed financing round, attracting over 100 angel investors, including Solana co-founder Raj Gokal. The funding aims to bolster Fomo’s initiatives in the blockchain space, while stakeholders are reminded to approach virtual token investments with caution and heightened risk awareness.
read moreRollblock Presale Surges as Solana and Avalanche Navigate Market Challenges
In early 2025, Solana is evolving towards tokenized startup funding, while Avalanche tests critical support levels around $10. Rollblock’s presale has raised over $10 million, positioning it as a leading crypto coin with a sustainable business model and revenue-sharing opportunities, set to launch on DEXs soon.
read moreSolana founder predicts evolution of meme coins into serious investments
Raj Gokal, cofounder of Solana, predicts a transformation in meme coins, suggesting they will evolve into serious investment portfolios featuring recognizable brands rather than mere jokes. This shift reflects a broader trend in the crypto market, where Web2 companies are increasingly launching tokens to raise funds and promote products in a decentralized manner. Gokal likens launching a token to parenthood, emphasizing the commitment and responsibility involved in this new approach to tech development and funding.
read moreCoinbase Defends Support for Solana Amid User Criticism and Delays
Coinbase’s chief legal officer, Paul Grewal, refuted claims of the exchange’s animosity towards Solana, emphasizing their commitment to defending the token against SEC classification as a security. Despite recent withdrawal delays attributed to infrastructure issues, Grewal and other Coinbase representatives affirmed their support for Solana, with plans for improvement in user experience. The crypto community reacted with mixed responses, praising Coinbase’s advocacy for the industry while also highlighting areas needing attention, such as customer service and token listing standards.
read moreCoinbase Defends Solana Against SEC Allegations and Enhances Ecosystem Support
Coinbase’s Chief Legal Officer, Paul Grewal, has defended Solana against SEC allegations, stating the exchange has invested millions in its legal defense. Grewal emphasized Coinbase’s commitment to the Solana ecosystem, which includes enhancing accessibility through listings and support for Solana-based tokens. Despite facing congestion issues during recent token launches, Coinbase plans to provide tier-1 support for SOL, aiming to improve transaction efficiency and infrastructure.
read moreSolana and Rollblock Set for Major Price Breakouts in Upcoming Bull Market
As the cryptocurrency market anticipates a bull season, Solana aims for a $1,000 all-time high, bolstered by its fast, scalable architecture and growing role in cross-border payments. Meanwhile, Rollblock, a new GambleFi project, seeks to capitalize on the booming online gambling market, potentially achieving 50x growth through its transparent and rewarding ecosystem. Render also aims for a breakout, providing affordable computing power for creators, despite recent market dips.
read moreSolana co-founder faces legal battle over alleged theft from ex-wife
Stephen Akridge, co-founder of Solana, is facing a lawsuit from his ex-wife, Elisa Rossi, who alleges he misappropriated millions in staking rewards from her digital wallet by exploiting his cryptocurrency expertise. Rossi claims Akridge controlled her accounts and is seeking damages for breach of contract, unjust enrichment, and fraud following their divorce in February 2023. The case, titled Rossi v. Akridge, is currently underway in San Francisco Superior Court.
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