$220M DAO Hack Funds Repurposed for Ethereum Security Endowment

Nearly a decade after the infamous DAO hack that fractured the Ethereum community, approximately $220 million in unclaimed funds from the collapse is being transformed into a permanent security endowment. Announced by original curator Griff Green, the new DAO Security Fund will stake roughly 75,000 ETH to generate sustainable revenue for protecting the Ethereum ecosystem. This initiative marks a profound symbolic shift, converting one of crypto’s most damaging early failures into a long-term, community-governed defense mechanism for a network now securing hundreds of billions in value.

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Coinbase Security Criticized as CEO Unveils 2026 Growth Roadmap

As Coinbase CEO Brian Armstrong charts an ambitious course for global expansion, a stark warning from within the crypto security community highlights a persistent and costly blind spot. Prominent researcher Taylor Monahan has publicly slammed the exchange’s leadership for continuing to prioritize user acquisition and product growth over fundamental user safety, pointing to past security failures that she claims cost the company over $350 million in 2025 and could have been prevented.

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North Korean Hackers Steal $300M via Fake Zoom Meeting Scams

North Korean-linked cybercriminals are executing a sophisticated, daily campaign of fake video meeting attacks that have siphoned over $300 million from cryptocurrency holders, according to cybersecurity researchers. The operation leverages compromised Telegram accounts of trusted contacts and malware disguised as software updates to steal digital wallets and credentials, creating a cascading threat through professional networks.

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Canada Seizes $40M in Historic Crypto Exchange Bust

The Royal Canadian Mounted Police has executed the largest cryptocurrency seizure in Canadian history, confiscating over $40 million from platform TradeOgre in a landmark enforcement action that marks the first complete dismantling of a cryptocurrency exchange by Canadian authorities. While the RCMP’s financial crime unit alleges widespread money laundering violations, the blanket seizure has ignited fierce backlash from users and industry leaders who argue innocent account holders are being penalized without due process, threatening trust in both traditional and digital financial systems.

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Tornado Cash Developer May Seek Mistrial Over Prosecution Gaps

Roman Storm, co-founder of Ethereum-based privacy tool Tornado Cash, may seek a mistrial after his lawyers argued the prosecution failed to prove the protocol’s involvement in cybercrimes. Key witness Hanfeng Lin testified about losing $250K in a pig-butchering scam, with recovery service Payback claiming some funds passed through Tornado Cash – a claim disputed by Storm’s team and verified by blockchain analysts like MetaMask’s Taylor Monahan. The case has drawn attention as it may clarify developer liability for financial privacy tools, with Storm facing 45 years if convicted on charges including money laundering conspiracy and sanctions violations. Judge Failla noted unusual communication gaps in the proceedings while prosecutors promised forthcoming evidence from an IRS expert.

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Roman Storm’s Defense Eyes Mistrial Over Tornado Cash Tracing

During Roman Storm’s trial, his defense team raised the possibility of a mistrial after an FBI agent could not confirm that stolen assets from the prosecution’s first witness, Katie Lin, passed through Tornado Cash. Lin, a victim of a pig-butchering scam, claimed her lost savings moved through the crypto mixer Storm co-created. Defense attorney Brian Patton argued that without verifiable on-chain proof, Lin’s testimony could unfairly prejudice the jury. Meanwhile, independent research by MetaMask’s Taylor Monahan contradicted the prosecution’s claims, showing the funds never touched Tornado Cash. The trial’s outcome now depends on whether a second tracing expert can establish the missing link.

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Coinbase Data Breach Impacts 69,461 Users, Faces DOJ Probe

Coinbase revealed that 69,461 users were impacted by a data breach stemming from bribed customer support agents, exposing sensitive information like names, addresses, and government IDs. The breach, occurring in December 2023, was discovered in May 2024 and has triggered a DOJ probe. Coinbase estimates potential losses between $180 million and $400 million, with class action lawsuits likely over delayed disclosure. The exchange modified its user agreement in April to limit legal actions, drawing criticism. Former SEC officials highlight regulatory gaps in customer protections, while cybersecurity experts accuse Coinbase of downplaying insider threats.

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North Korean Hackers Steal 1.4 Billion from Bybit via Safe Wallet Exploit

North Korean hackers executed a historic $1.4 billion heist from Bybit by injecting malicious JavaScript into the infrastructure of Safe, a crypto wallet provider. The code was designed to activate upon interaction with Bybit’s contract address, leading to the massive theft. Following the attack, Safe acknowledged a compromised developer machine but claimed no vulnerabilities in its smart contracts, while Bybit emphasized its own infrastructure remained secure.

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Hyperliquid Addresses Validator Selection and Decentralization Concerns

Hyperliquid has refuted allegations of selling validator seats and emphasized that its validator selection is based on testnet performance. In response to community concerns about centralization and closed-source code, the foundation plans to enhance decentralization through a token delegation program and commit to making its code open-source once stable.

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