BNB Chain pursues legal action after ex-employees memecoin launch

BNB Chain, the blockchain ecosystem behind the BNB cryptocurrency, said it is pursuing legal action after a former employee allegedly used unauthorized access to a wallet to launch a memecoin.  In an X post on Saturday, BNB Chain said the wallet was originally created for a video tutorial explaining how to launch tokens on BNB Chain. It said the former employee, who was not named in the message, retained unauthorized access to the wallets seed phrase after leaving the company and later used the address to create a new token.  Blockchain analytics platform Lookonchain subsequently alleged that the former employee deployed a meme token called Asteroid Shiba (ASTEROID) and used four newly created wallets to buy 796.7 million tokens, representing 79.67% of the total supply. Lookonchain further alleged that the wallets later sold 718.8 million tokens for 1,103 BNB, worth about $638,000 at the time of the transaction.  “BNB Chain did not create, authorize, promote or participate in the creation of this token and has no control over the token or wallet address,” BNB Chain said.  Binance founder and former CEO Changpeng “CZ” Zhao shared BNB Chains statement on X and wrote that the former employee was “basically a scammer,” while advising users to

08-03انڈسٹری

Strategy leaves preferred STRC dividend at 12% as price still below par

While Strategys preferred STRC shares ended July well below their $100 par value, investors were told that their August dividend will not increase, holding at 12%.  Executive chairman Michael Saylor delivered the news in a tweet on Saturday, continuing to pitch STRC as a way to “stretch your income.” August will be the second month that the dividend will be paid semi-monthly after shareholders approved that change in June.  STRC shares closed at $89.46 on Friday, clocking a 5.42% price increase for the month which began with a dividend hike — 50 basis points to 12% — after a poor stock performance in June. The volume on the Nasdaq-traded shares on Friday were about two-thirds of their daily average.  STRC shares continued to trade significantly below their $100 par value in July.  Source: TradingView  On Friday, Strategy CEO Phong Le reiterated that managements “corporate objective is for STRC to trade at $99-$100 over time,” without elaborating when investors might expect that to transpire.  Related: Bitcoin ETFs end July in the green despite late-month selling  Building cash reserve to make preferred payouts  Saylor, however, did take to social media on Sunday to dangle the possibility that the company will be making an announcement of a change in its Bitcoin

08-03انڈسٹری

Coldcards $89M wallet bug triggers the biggest Bitcoin movement since FTX and completely distorts market signals

Coldcards wallet crisis has shaken Bitcoin sentiment, blurred on-chain signals and exposed a recurring weakness in AI-assisted cyber defenses.  On July 30, hardware maker Coinkite warned users that wallets generated with affected Coldcard firmware could be drained because a software error produced seed phrases with far less randomness than intended.  This security incident, Galaxy Research said, resulted in three suspected attack waves that targeted 4,585 addresses and drained 1,367.05 BTC, worth about $89 million.  Coldcard Bitcoin Wallet Hack (Source: Galaxy Research)  The Bitcoin associated with the three identified waves remains in attacker-controlled addresses, according to Alex Thorn, Galaxy Digitals head of firmwide research.  However, he said smaller opportunistic thefts were already moving through peel chains, cross-chain services and offshore casinos.  Coldcard migrations blur Bitcoins bearish signals  This escalating threat has pushed potentially exposed users to move their Bitcoin before attackers reach it.  Although Coinkite has released fixed firmware for affected models, existing affected seed phrases cannot be repaired through an update, leaving holders to generate new wallets and transfer their funds to secure addresses.  That migration has produced an unusual surge in activity among smaller holders and long-dormant coins.  CryptoQuant research head Julio Moreno said transactions involving outputs of less than 1 BTC reached 39,600 BTC on July 31. That

08-03انڈسٹری

Coldcard Bitcoin Exploit Balloons to $88 Million as Attackers Keep Draining Wallets

In briefThe Coldcard exploit is ongoing, with Galaxy Research now tracking about $88.6 million stolen across 4,585 addresses in three waves.Galaxys Alex Thorn described the sweeps as deliberate and likely LLM-orchestrated, warning that every single-sig Coldcard address created after the March 2021 firmware flaw will eventually be drained.The breach has spurred an unusual reversal of the “not your keys, not your coins” ethos as users move Bitcoin back to exchanges.  The theft of Bitcoin from compromised Coldcard hardware wallets is still underway, with researchers now tracking losses of roughly $88 million and warning that every vulnerable device will eventually be emptied.  Galaxy Research said Saturday it has identified a third wave of thefts, in which 207.73 BTC was drained, lifting its observed tally to about 1,367 BTC—around $88.6 million—across 4,585 addresses. The firm called the exploit ongoing and urged anyone holding single-signature funds on a Coldcard to move them at once. Galaxy said it has flagged roughly 600 suspected attacker addresses to federal investigators, compliance firms and cross-industry cyber investigators, crediting victims who shared transaction details for helping map the on-chain patterns.  “I continue to investigate and add new Coldcard victim and attacker addresses to our investigation database,” Galaxys head of research Alex

08-03انڈسٹری

Trump Media launches Truth API amid SEC scrutiny

Trump Media & Technology Group‘s Truth API became available to institutional customers on Aug. 1, giving trading firms rapid, machine-readable access to posts from influential Truth Social accounts, including U.S. President Donald Trump’s account.  SummaryAugust 1 launch gives institutions millisecond access to influential Truth Social posts with continuous coverage.Schiff and Warren asked the SEC to investigate whether the paid feed violates securities laws.Trump‘s trust holds 41% of Trump Media, linking the product’s revenue directly to his wealth.  The launch followed a July 16 Form 8-K in which Trump Media said it had already signed customers and was onboarding additional partners. The company has not publicly identified those customers or disclosed how many subscriptions it has sold.  BREAKING: Trump Media has officially launched its new paid data service, providing faster access to Truth Social posts from President Trump.  The new service is called “Truth API” which gives firms “a direct, licensed, real-time feed of the platforms most market-moving Truths,”…  You might also like:  Coldcard users face urgent seed migration warning  Truth API sells faster delivery of public posts  Trump Media describes Truth API as its first data-licensing product. The feed provides posts through a low-latency connection designed for high-frequency and algorithmic trading firms. It offers continuous coverage, delivery within

08-03انڈسٹری

XRP Ledger urges node upgrade after manifest flood

Ripple Director of Engineering Vijay Khanna urged XRP Ledger node operators on Aug. 2 to install xrpld version 3.2.1 after developers observed a validator manifest flood on July 31.  SummaryJuly 31 manifest flooding prompted xrpld 3.2.1 while XRP Ledger continued closing ledgers normally throughout.Four safeguards now cap manifest size, message batches, outbound sharing and unknown-key cache growth network-wide.Operators should upgrade, verify xrpld is running, then restart again to clear persisted manifests safely.  The hotfix limits how nodes process, store and share data received from unknown validator identities.  The XRP Ledger continued closing ledgers normally during the event, according to XRP Ledger Operations. The available evidence therefore points to pressure on node resources and peer-to-peer communications rather than a confirmed loss of funds, altered transactions or failure of ledger consensus. Developers have not published a CVE identifier or financial-loss estimate connected to the incident.  XRPL Node operators,  Please upgrade to 3.2.1 asap. It has a hotfix that prevents the manifest flood attack.   Bitcoin ETFs gain fresh case after $89M Coldcard drain, says Balchunas  XRPL 3.2.1 limits the manifest flood route  Validator manifests are cryptographically signed records that connect a validators stable master identity to the temporary key it uses for daily validation messages. When operators rotate those temporary

08-03انڈسٹری

How XRPL validators quietly killed a silent exploit that could have drained victim accounts through transaction fees alone

RippleX expects the next version of the XRP Ledgers core server software, xrpld 3.3.0, as soon as next week. The release would put rewritten Batch and Permission Delegation amendments back into the validator process after authorization flaws led operators to block their predecessors before mainnet activation.  The rollout remains at the prerelease stage. xrpld 3.2.1 was still the latest stable release on Aug. 1, while official beta and release-candidate tags for 3.3.0 were public. A mainnet majority countdown had yet to begin for either replacement amendment.  RippleX product head Jazzi Cooper listed five proposed XRP Ledger features for 3.3.0: Confidential MPT, Batch, Permission Delegation, Sponsored Fees and Reserves, and Dynamic MPT. Cooper said all five would still require validator approval before activation.  Why validators stopped the original features  The original Batch amendment contained an authorization flaw that could have allowed an attacker to execute inner transactions for arbitrary victim accounts without their private keys, including unauthorized payments and ledger changes.  The official disclosure said researchers found the problem while the amendment was still in voting. Validators blocked activation, and no funds were put at risk. CryptoSlate reported on that intervention in February.  Permission Delegation exposed a different path to loss. An invalid offline-signed transaction could still

08-02انڈسٹری

Trump Media says $165 million bitcoin transfer to Crypto.com wasn't a sale

Quick TakeWallets linked to Trump Media transferred 2,628 BTC worth about $165 million to Crypto.com on Saturday across two onchain transactions.The publicly tagged wallets now hold roughly 4,261 BTC (about $268 million), nearly matching the 4,260.73 BTC Trump Media reported as collateral for its convertible notes as of March 31 in its first-quarter filing.A Trump Media spokesperson told The Block that the BTC was transferred, but not sold, matching the explanation for a similar transfer from May.  Crypto wallets associated with Trump Media and Technology Group, the company behind Truth Social, transferred 2,628 bitcoin (BTC) worth about $165 million to Crypto.com in two transactions on Saturday, per onchain data.  Onchain analytics firm Lookonchain, which flagged the transfers in an X post, characterized the move as a likely sale. The onchain data establish only that the BTC was moved to Crypto.com, not that it was sold. Crypto.com is one of the two custodians the firm chose when establishing its bitcoin treasury strategy in May 2025, alongside Anchorage Digital.  A Trump Media spokesperson told The Block shortly after publication that the BTC was transferred to Crypto.com but not sold, matching the firms explanation for a similar transfer in May.  The transfers reduced the balance in wallets

08-02انڈسٹری

New York asks judge to force Kalshi to hand over the names, wagers, and losses of its local bettors

New York has asked a Manhattan state court to permanently block prediction-market exchange Kalshi from offering what the state calls unlicensed sports wagering to New Yorkers, escalating a fight over whether federal commodities oversight shields the platform from state gambling laws.  A verified petition dated July 31 asks the court to order Kalshi to identify affected customers and itemize their wagers, losses and the companys gains. The state also seeks customer restitution, damages, disgorgement, prejudgment interest and costs.  The most aggressive demands are a penalty equal to three times Kalshis alleged gains and $100,000 for each unauthorized offer or attempt to offer sports wagering or mobile sports wagering within or from New York.  Those remedies have only been requested. The court has not found Kalshi liable or awarded New York any money, and the petition provides neither an adjudicated gain figure nor a count of covered offers. That makes any aggregate estimate of Kalshis potential exposure speculative.  New York targets Kalshis operating model  Attorney General Letitia James brought the case under Executive Law Section 63(12), which allows the state to pursue alleged repeated or persistent illegality.  The petition advances eight theories. It alleges violations of New Yorks constitutional gambling prohibition, three state Penal Law provisions, three

08-02انڈسٹری

Trump Media transfers 2,628 BTC as holdings shrink

Trump Media-linked wallets transferred 2,628 Bitcoin, valued at about $165 million, to Crypto.com on Aug. 2, according to on-chain analysts Lookonchain.  The movement reportedly reduced the wallets remaining balance to about 4,261 BTC.Lookonchain described the movement as another sale and estimated that Trump Media had disposed of 7,281 BTC over seven months. However, neither Trump Media nor an SEC filing had confirmed the latest coins were sold as of Aug. 2. An exchange deposit can precede a sale, custody change, collateral arrangement or another internal transaction.  Trump Media transfer is not a confirmed sale  Lookonchain said the company originally acquired 11,542 BTC for about $1.37 billion, averaging $118,522 per coin. Its post stated, “It looks like Trump Media sold another 2,628 BTC,” wording that reflects uncertainty about the final transaction.  EmberCN separately traced the 2,628 BTC to Crypto.com and estimated that the linked wallets had transferred out about 7,281 BTC. The Arkham entity page identified two recent movements totaling roughly 2,628 BTC, including transfers of about 2,429 BTC and 198.9 BTC.  Source: Akham  Remaining Bitcoin nearly matches pledged collateral  Trump Medias latest quarterly filing provides the strongest company-confirmed baseline. The company reported 9,542.16 BTC at March 31, with a cost basis of $1.131 billion and a fair

08-02انڈسٹری
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