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Kraken links extortion threat to insider misuse, confirming no breach while tightening controls and aiding investigations. Crypto exchange Kraken is confronting an extortion attempt tied to insider misuse of its support systems. Threat actors claim to possess videos showing limited client data access and are demanding payment. Company officials say no funds were exposed and core infrastructure remained untouched. Investigations now center on internal access abuse, with law enforcement engaged. Insider Activity at Kraken Leads to Extortion Threat Chief Security Officer of Kraken Nick Percoco revealed that an unidentified group is attempting to extort the company. According to the CSO,…
RAVE, the native token of RaveDAO, has surged more than 6,000% over the past month, capping off one of the most explosive rallies in the crypto market this year and reigniting debate about speculative excesses in digital assets.The token jumped 198% in the last 24 hours alone and more than 5,600% over the past week, briefly pushing it into the top 50 cryptocurrencies by market capitalization. Prices climbed from roughly $0.25 to above $14 in just seven days, drawing widespread attention across trading platforms and social media.RaveDAO positions itself as a Web3 music protocol aimed at bridging electronic dance music…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the…
Hyperbridge flaw allowed fake DOT minting, exposing weak cross-chain validation and triggering sharp market disruption. Concerns over cross-chain security have emerged after a major exploit hit the Hyperbridge protocol. Attackers managed to mint a massive supply of unauthorized bridged DOT tokens on Ethereum. Market participants are now reassessing risks tied to interoperability infrastructure. Exploit in Polkadot Bridge Sparks Sudden Price Collapse A critical flaw in the Hyperbridge gateway contract enabled attackers to manipulate bridged assets in the Polkadot ecosystem. Onchain findings indicate that 1 billion illegitimate DOT tokens were created on Ethereum and rapidly sold. According to blockchain security firm…
Weekend panics followed by Monday reversals have become the norm in 2026, and the action over the last 48 hours has continued that pattern.Down about 4% from late Saturday night into early Monday morning on news that U.S. Vice President J.D. Vance had left Pakistan without an Iran peace deal and President Trump’s ordering of a blockade of the Strait of Hormuz, bitcoin BTC$73,388.40 mostly erased those losses in Monday U.S. action.Trading at #73,400 as U.S. stocks closed for the day, bitcoin was higher by more than 3% over the last 24 hours. Ether (ETH), solana (SOL) and XRP (XRP)…
The Bitcoin price has been one to watch over the past week, jumping by nearly 10% in less than seven days. According to the latest on-chain data, the bears might be in for an even longer ride as funding rates fall to critically low levels. BTC Bears At Risk Of A Short Squeeze In a new Quicktake post on the CryptoQuant platform, crypto analyst Gaah revealed that the Bitcoin funding rates have been in a steep decline over the past few days, as the price builds the foundation for sustained recovery. The relevant indicator here is the Funding Rates metric,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A recent update from the Shiba Inu community has shed light on a pivotal move made by Ryoshi, SHIB’s anonymous creator and former lead developer during the early days of the meme coin. According to the update, Ryoshi had locked and transferred a staggering amount of SHIB following its launch, significantly reducing its circulating supply and elevating the project’s level of decentralization and governance control. The Move Made By Shiba Inu’s Founder Ryoshi In an X post on April 10, @Shibizens, followers, and supporters of the Shibarium…
South Korea’s FIU fines Coinone 5.2B won and suspends part of its operations for failing AML obligations in 70,000 cases. South Korea’s Financial Intelligence Unit has come down hard on crypto exchange Coinone. The agency announced Monday it would fine the platform 5.2 billion won, equivalent to roughly $3.49 million. The penalty follows an on-site inspection that uncovered serious violations of anti-money laundering obligations. Coinone also faces a three-month partial business suspension. The FIU operates under the Financial Services Commission. Related reading: Coinone May Be Up for Sale as Coinbase Targets South Korea Coinone Fined for KYC Failures and Unregistered…
The White House’s main crypto adviser, Patrick Witt, said that work is still being done to lock in the compromise that he thinks will move the Digital Asset Market Clarity Act forward in the U.S. Senate, though he said several other points are also being worked out behind the scenes.In an interview on CoinDesk TV Monday, the executive director of the President’s Council of Advisors for Digital Assets suggested Monday that the common ground that key senators from both parties said they’d secured on stablecoin yield seems to be intact.”We’re hopeful that the compromise that has been reached will be…
Bitcoin traded as high as $73,000 following a 9% price rally in the past week. However, the broader market suggests the leading cryptocurrency is still stuck in a bear phase that’s been dragging on for more than six months. Interestingly, historical data suggest that recent price movement could trigger a significant bullish rebound, providing investors with a mid-term to long-term relief period. Bitcoin Nears Key Support Level As Bulls Eye Historical Recovery Run In an X post on April 11, renowned analyst Ali Martinez shares a positive observation of the Bitcoin price chart, highlighting a cyclical price rally. Notably, this…