A pseudonymous on-chain investigator says he’s unraveling a malicious scheme that’s using hacked accounts on the social media platform X to promote a fake memecoin. ZachXBT says the cybercriminal stole the credentials of high-profile X accounts by sending phishing emails that impersonated the X team. The emails appear as a notice of policy and guideline violations from X to create a sense of urgency and get the recipients to click a malicious link. “A threat actor has stolen ~$500K over the past month by compromising 15+ X accounts (Kick, Cursor, Alex Blania, The Arena, Brett, etc). Each of the 15 ATOs were directly connected by mapping out the deployer address for each scam. The attacker bridged back and forth between Solana and Ethereum in an attempt to obfuscate the funding source.” Source: ZachXBT/X According to smart contract platform Neutron, the bad actor sent fake copyright infringement emails that told the targeted X users to reset their password and two-factor authentication (2FA) by visiting what turned out to be a phishing site. Once the X account is compromised, the attacker logs out all sessions, changes security settings and then controls posting access to share malicious links that promote a scam token. Says ZachXBT about security measures, “Make sure to limit email address reuse between services as well as using security keys for 2FA on important accounts whenever possible.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Hacker Hijacks 15 Accounts on X, Launches Memecoin Scams and Steals $500,000 in One Month: Blockchain Investigator appeared first on The Daily Hodl .
The current turmoil in the cryptocurrency market has ignited concerns over the future trajectory of Shiba Inu (SHIB), especially with recent bearish signals indicating potential price declines. With SHIB experiencing
Here's why Ethereum might shine in Q1
Will SHIB survive? Death cross forms over Shiba Inu's price
The recent dip in Bitcoin price has sparked concerns among investors while triggering massive selling pressure in the broader crypto market. In addition, the recent market developments also hint towards a further dip, with many predicting a potential slip to $80K or even below. Notably, this comes despite the strong institutional interest in the flagship crypto, as evidenced by the buying spree of MicroStrategy (MSTR) and others. Why Is Bitcoin Price Falling Today? Bitcoin price has recorded a sharp decline today, sparking concerns in the broader crypto market. A flurry of reasons could have weighed on the investors’ sentiment recently, which has also triggered massive selling pressure in the digital assets space. For context, BTC has recorded massive rallies since Donald Trump’s election win in November. Having said that, it also provided a profit-booking opportunity to many investors, with recent on-chain data indicating heavy selling pressure on the crypto. Top crypto market expert Ali Martinez highlighted the trend, saying that 33,000 BTC, worth over $3.23 billion, has moved to exchanges recently. Source: Ali Martinez, X This indicates the profit-booking strategy, which the traders often use when an asset’s price goes higher. On the other hand, Santiment recently highlighted the BTC drop after reaching $99.8K on Christmas, sparked by bullish trader sentiment. The report noted that speculation of the cryptocurrency hitting $110K has also increased due to the recent rally. Source: Santiment, X However, Santiment suggests that historically, Bitcoin only reaches such highs when crowd expectations are low. This indicates that the current downturn may be a market correction, as traders’ high expectations for $110K may be self-fulfilling prophecies that prevent the price from rising further. Bitcoin Options Expiry Sparks Concern The recent downturn in Bitcoin price comes ahead of the largest crypto options expiry on the Deribit exchange, with over $18 billion in options set to expire tomorrow. The expiry has sparked directional uncertainty, with elevated volatility and “sharp swings in DVOL”, Deribit noted. Besides, market experts also warned that the heavily leveraged market to the upside could trigger a rapid snowball effect with any significant downside move, leading to high volatility. Notably, the Bitcoin options expiry accounts for the majority of the total notional value, with $14.27 billion set to expire. The put/call ratio stands at 0.69, indicating a slightly bullish sentiment among traders. The max pain point for Bitcoin is $85,000, which could act as a resistance level in the event of a price swing. Source: Deribit Exchange On the other hand, Ethereum options expiring tomorrow account for $3.79 billion in notional value. The put/call ratio is 0.41, suggesting a more pronounced bullish bias among Ethereum traders. The max pain point for Ethereum is $3,000, which may influence the asset’s price movement. Source: Deribit Exchange BTC Dip To $80K Imminent? The latest BTC price chart showed that the crypto plunged about 3.5% to $95,175, with its trading volume falling 1.5% to $42.45 billion. Notably, the crypto has touched a 24-hour high of $99,884, while maintaining a monthly gain of 2%. Further, BTC Futures Open Interest also fell about 3.5%, CoinGlass showed , indicating a bearish momentum hovering in the market. Notably, the market picture indicates that despite soaring institutional interest, the recent developments have weighed on the market sentiment. For context, MicroStrategy (MSTR) stock recorded volatility recently amid its BTC buying strategy, which has fueled market speculations. Besides, many firms like KULR have also shifted their focus towards BTC accumulation. Meanwhile, in a recent analysis, popular market expert Justin Bennett said that BTC is likely to fall to the $81K-$85K range. This analysis of Bitcoin price has fueled market concerns, with many other experts echoing a similar sentiment. Source: Justin Bennett, X For context, Ali Martinez noted as Bitcoin dipped below the $97,300 mark, it indicates a bearish momentum for the crypto. However, he noted if BTC rebounds to this crucial support and rally to $100K, it could rally to $168,500 ahead. Source: Ali Martinez, X Simultaneously, Peter Brandt has also predicted a potential BTC dip to $80K ahead, citing technical trends. On the other hand, popular market expert Tone Vays also said that if BTC trades below the $95,000 mark, it increases the probability of a correction to $75K. Source: Peter Brandt, X The post Why Bitcoin Price Is Falling Today: Is $80K Next? appeared first on CoinGape .
KULR Technology has invested $21 million in Bitcoin as part of its strategy to allocate 90% of surplus cash to the cryptocurrency. KULR, a U.S.-based company which specializes in thermal management solutions mainly for electronic components and batteries, has acquired…
KULR Technology has invested $21 million in Bitcoin as part of its strategy to allocate 90% of surplus cash to the cryptocurrency. KULR, a U.S.-based company which specializes in thermal management solutions mainly for electronic components and batteries, has acquired 217.18 Bitcoin ( BTC ) for nearly $21 million as part of the company’s Bitcoin Treasury strategy. In a Thursday press release on Dec. 26, the San Diego-headquartered company said Bitcoins were purchased at an average price of $96,556.53 per BTC. Amid the news, KULR’s shares rose 3.51% on pre-market, per data from Nasdaq. The purchase follows the company’s earlier announcement of its Bitcoin Treasury strategy, in which it announced allocating up to 90% of its surplus cash to Bitcoin. KULR says the $21 million purchase is the first of ongoing purchases it intends to make going forward. KULR picked Coinbase’s Prime platform to provide custody, USDC, and self-custodial wallet services for its BTC, according to the press release. You might also like: Bitcoin’s mining supply slipped below the 1.19m threshold on the brink of wider adoption KULR chief executive Michael Mo earlier emphasized that Bitcoin’s growing adoption globally was a key factor in the decision, noting that the asset could strengthen the company’s balance sheet while supporting its operational growth. KULR’s Bitcoin purchase comes amid a broader trend of companies embracing cryptocurrency as part of their financial strategies. Artificial intelligence firm Genius Group recently also announced $4 million in BTC purchases, raising its holdings to 153 BTC as part of its “Bitcoin-first” strategy to allocate 90% or more of its reserves to the cryptocurrency. Other companies, including MicroStrategy and Nasdaq-listed Acurx, have also expanded their Bitcoin holdings to capitalize on its role as a hedge against inflation and a store of value supporting technological innovation. Read more: Public fitness equipment maker Interactive Strength shares rise 11% on Bitcoin treasury strategy
The cryptocurrency landscape is buzzing with renewed optimism as Bitcoin teeters on the edge of significant price movements post-Christmas. Recent trends indicate that Bitcoin’s supply on exchanges is dwindling, suggesting
A Beverly Hills man is facing six counts of cryptocurrency crimes, which resulted in investors losing over $22 million worth of cryptocurrency. The 23-year-old Gabriel Hay allegedly connived with another fellow – Gavin Mayo of Thousand Oaks, also 23 years of age, to perpetrate a scheme that defrauded investors of their monies. This represents one of the many cases where cryptocurrency and other digital assets are used to perpetrate crime. The duo committed several digital asset crimes According to the Beverly Press , the duo faces one count of conspiracy to commit wire fraud, two counts of wire fraud, and one count of stalking. Following investigations, authorities in Beverly Hills revealed that the duo tricked investors by using a series of digital asset project “rug pulls.” “Rugpulls” is reportedly a fraud scheme in which the perpetrators create a non-fungible token (NFT) or other digital assets and ask investors to invest in it before abruptly abandoning the project. US Attorney Martin Estrada said this trend was inevitable, but also vowed his office and other law enforcers would intensify efforts to protect the unsuspecting consumers as well as punish the perpetrators of crypto fraud. “Whenever a new investment trend occurs, scammers are sure to follow.” Estrada. These criminal activities also surface spurred by new technologies that enable digital asset criminals to flourish in defrauding unsuspecting consumers. According to principal deputy attorney general Nicole M. Argentieri, head of the Justice Department’s Criminal Division, Hay and Mayo fleeced investors in digital asset projects “of tens of millions of dollars.” The duo also allegedly threatened one individual for attempting to expose them to their fraudulent schemes. “Fraudsters take advantage of new technologies and financial products to steal investors’ hard-earned money. The department is committed to protecting investors and will continue to work with our law enforcement partners to root out fraud involving cryptocurrency and other digital assets and bring offenders to justice,” explained Argentieri. The Beverly Hills man and his colleague each face up to 20 years in jail According to authorities, Hay and Mayo each face up to 20 years in jail on conspiracy and wire fraud counts. They also face a maximum of five years each on the stalking count. It is alleged that between May 2021 and May 2024, the duo sponsored several NFT and other digital asset projects and made false statements regarding the projects. The court documents show that Hay and Mayo also provided false and misleading “roadmaps” that detailed all the plans for the NFTs after their launch, which they had never intended to accomplish. In one instance, the indictment alleges that the duo made false claims while promoting the Vault of Gems NFT project, which they said was the “first NFT project pegged to a hard asset.” Hay and Mayo then abandoned the Vault of Gems and other projects they had presented, as opposed to pursuing them. They had collected millions of dollars from investors. According to the court papers, Hay, Mayo, and others allegedly used the tactics with other digital asset projects, including Vault of Gems, Sinful Souls, Clout Coin, Faceless, Dirty Dogs, Uncovered, MoonPortal, Squiggles and Roost Coin. It is also alleged that Hay and Mayo used several methods to cover up their involvement in the fraudulent projects. However, a project manager on the Faceless NFT project exposed the duo of their involvement. Hay and Mayo then started harassing the project manager and his parents, sending them intimidating messages. “Using NFTs to commit fraud not only exploits emerging technology but also erodes trust in the broader digital ecosystem.” Homeland Security Investigations Special Agent in Charge Michael McCarthy. He added that while Hay and Mayo’s criminal activities might not involve violence, they reflect the profound harm these schemes caused to the investors who were defrauded of millions of dollars. Hay and Mayo’s case is not unique, as there has been an increase in cryptocurrency scams and other cybercrimes worldwide. Russia is reportedly one of the biggest victims of cybercrimes and suffered over 40 million data breaches during the first quarter of 2022 alone. In Oceania, Australia is the biggest victim, while Nigeria is at the top of cybercrimes in Africa, according to studies. According to AAG , it is estimated that the average cost of a cyber breach was about $4,35 million in 2022 and predicted the global economy will incur about $10.5 trillion due to cybercrime costs compared to $7 trillion in 2022. Reports also show that criminals increasingly target cryptocurrencies and other digital assets when executing cybercrimes. Earlier this year, the US government sanctioned two crypto exchanges – Cryptex and PM2BTC- for allegedly facilitating the laundering of cryptocurrencies obtained through cybercrime. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Meme coins have become a cultural phenomenon in the crypto space over the past few years. What started as playful jabs at the seriousness of traditional finance has morphed into a lucrative playground for investors. From the meteoric rise of Dogecoin to the quirky antics of Shiba Inu, it’s clear that these coins resonate with a broad audience. But if you missed the boat on “Cat in a Dog’s World,” don’t sweat it! BTFD Coin is here, and it’s making waves with an incredible presale offer. BTFD Coin is not just another cute mascot; it’s primed to elevate the meme coin landscape with its engaging Play 2 Earn (P2E) game , a robust referral program, and an impressive 90% annual percentage yield (APY) on staking. This isn’t just hype—there’s real potential here. Much like savvy investors who took advantage during the 1973 economic downturn, now’s your chance to jump in while the getting’s good. With a limited-time festive discount of 50% off using the bonus code BIG50, you’ll want to pay attention! If you feel like you missed out on the Cat in a Dog’s World excitement, now’s the time to get involved with BTFD Coin. This presale is heating up, and analysts are buzzing about its potential. Let’s dig into what makes BTFD Coin a compelling opportunity for both seasoned investors and newcomers alike. BTFD Coin: The Rising Star BTFD Coin is currently in its 12th presale stage and has already raked in over $4.5 million. That’s right! It hit the $1 million mark in under 10 days and reached $2.5 million in just 14 days since launching. Starting at a mere $0.000004, the price has jumped to $0.000064 after a generous 50% discount. With over 59 billion coins sold and more than 6,600 holders—affectionately called “Bulls”—BTFD Coin is making its mark in the crypto world. One of the standout features of BTFD Coin is its Play 2 Earn game , which went live during the 10th stage of the presale. While the beta version is currently available, rewards will kick in once the full version launches. Imagine earning while you play—how cool is that? This game not only adds a layer of fun but also keeps the community engaged and excited about what’s coming next. Staking is another major draw. With an unbelievable 90% APY since staking launched on December 2, investors can watch their earnings grow just by holding onto their coins. It’s a fantastic way to make your investment work harder for you while being part of a lively community. Let’s not forget the referral program, which allows Bulls to earn rewards by bringing their friends into the fold. It creates a sense of camaraderie that enhances the overall experience, making it not just about profits but about building something together. So why is BTFD Coin capturing so much attention in this ongoing viral meme coin presale? It combines engaging gameplay, impressive staking rewards, and a strong community focus. This isn’t just an investment; it’s a movement, and you don’t want to miss out! Cat in a Dog’s World: The Previous Sensation “Cat in a Dog’s World” made quite an impression when it launched, attracting a ton of attention with its unique branding and community-driven initiatives. With a fun theme and a strong social media presence, it quickly gained traction. Investors flocked to it, hoping to ride the wave of excitement. The community aspect was huge. People shared memes, engaged in discussions, and built a loyal following around the coin. Many investors enjoyed significant returns, capitalizing on the buzz that surrounded it. But here’s the kicker: like many meme coins, that initial excitement can fade fast. The volatility in the crypto market means that what goes up can come down just as quickly. Investors are left wondering if they made the right choice or if they missed the next big thing. In contrast, BTFD Coin offers a refreshing take on the meme coin craze. With its robust features and strong community backing, it’s positioned for sustainable growth that “Cat in a Dog’s World” might struggle to maintain. As the landscape evolves, BTFD Coin is proving to be a more stable and engaging option for those looking to enter the meme coin market. So why does BTFD Coin stand out from the crowd? While “Cat in a Dog’s World” had its moment, it’s clear that BTFD Coin is gearing up to be the next big player in this ongoing viral meme coin presale. What’s The Importance of Buying the Dip Let’s take a moment to discuss why buying the dip is such a smart move. Remember the 1973 economic disaster? A lot of sharp investors seized the opportunity to pick up undervalued assets, setting themselves up for future gains. The same principle applies today, especially in the unpredictable realm of cryptocurrency. When the market dips, it’s like a clearance sale for savvy investors. You can snag quality assets at a lower price, and when the market rebounds, you’ll be in a great position. BTFD Coin is currently in its presale phase, making this an ideal time to get involved before the price potentially skyrockets. Analysts are predicting that once the presale wraps up and BTFD Coin hits the market at $0.0006, those who bought in during this ongoing viral meme coin presale could see significant returns. It’s a classic case of being smart with your investments, just like those who capitalized during the economic downturn of the 70s. How to Buy BTFD Coin Ready to dive in? Here’s how to snag your BTFD coins: Go to the [presale page]. Connect Your Wallet: Click “Connect Wallet” and choose your wallet (like MetaMask or Trust Wallet). Enter the Bonus Code: Find the bonus code field, enter BIG50, and click “Apply.” Enter Purchase Details: Input how much $BTFD you want to buy and review the discounted price. Confirm and Buy: Click “Buy Now” and confirm the transaction in your wallet. Conclusion In the fast-paced world of meme coins, BTFD Coin stands tall as a beacon of opportunity. With its engaging Play 2 Earn game, impressive staking rewards, and vibrant community, it’s clear this project is set to take meme coin popularity to new heights. The ongoing viral meme coin presale is about more than just quick gains; it’s about being part of a fun and financially rewarding movement. Don’t let this opportunity slip through your fingers. With over $4.5 million raised and a limited-time festive discount of 50% using the bonus code BIG50, there’s no better time to invest. Just like those savvy investors during the 1973 economic slump, you have the chance to transform your financial future. Join the BTFD Coin presale now and make the most of this wealth-generation opportunity. The Bulls are waiting, and your journey is just beginning! Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .