🚨 UPDATE: LayerZero says preliminary indicators suggest the $290M KelpDAO exploit was carried out by North Korea's Lazarus Group via a sophisticated RPC poisoning attack.
The protocol confirms zero contagion to any other cross-chain assets or applications.
Crypto market showing strength again — BTC pushing toward $77K, capital rotating into altcoins, and small caps pumping hard. Feels like early risk-on phase, but still fragile with macro & geopolitics in play. 👀🚀#Crypto#Bitcoin#Altcoins#CryptoMarket#Web3
This is MASSIVE for Altcoins.
The altcoin market added $10 billion today and hit a high of $190 billion for the first time in 2.5 months.
$195 billion is the next major resistance, and a breakout above that will start a major relief rally in alts.
This is absolutely MASSIVE.
Manipulation in the crypto is finally ending.
Ten foreign nationals have been charged by the US Justice Department for manipulating the crypto market.
These ten executives and employees are from four different crypto “market makers”: Gotbit, Vortex, Antier, and Contrarian.
The indictments allege these people conspired to inflate the trading volume and price of tokens and profited through the sale of the cryptocurrencies at inflated prices to unwitting investors. These so-called pump-and-dump schemes caused losses to investors in the United States and elsewhere.
Three of the accused, including two CEOs, were recently arrested and extradited from Singapore to the United States.
To make it simple:
- These guys pump the price with fake volume
- Then trap retail investors at higher prices
- Then dump on them
- Rinse and repeat
These market makers are the reason why crypto has been dumping nonstop for months. They do a crazy amount of paper trading to suppress the price and profit from it.
🚨 BIG: Google research shows a future quantum computer could crack Bitcoin's private keys in just 9 mins, 1 min short of Bitcoin's average block time.
The research warns mempool attacks could become a real threat, urging immediate migration to post-quantum cryptography.