In the latest wave of phishing attacks targeting crypto users, cybercriminals are distributing fake versions of the popular Ledger Live app to steal users’ seed phrases and empty their crypto wallets. The scam, which mimics the official interface of Ledger’s desktop and mobile app, has already led to the loss of thousands of dollars worth of digital assets. How the Scam Works The attack starts when unsuspecting users download a counterfeit Ledger Live app from unofficial websites or phishing links shared through social media, email, or even malicious Google Ads. Once installed, the fake app prompts users to “recover” or…
Author: Blockto Team
In a bold move to retrieve stolen assets and protect its users, Cetus, a leading decentralized exchange (DEX), has offered a $6 million white hat deal to the hacker responsible for a major Ethereum (ETH) exploit. This comes after the attacker’s activity was halted on the Sui Network, blocking their attempts to launder the funds. The Exploit: How It Happened Earlier this week, Cetus experienced a sophisticated smart contract exploit that led to the loss of approximately $6 million worth of ETH. The attacker used a complex flash loan strategy to manipulate liquidity pools, drain funds, and attempt cross-chain movement…
In a major development that could reshape the future of digital finance, several large U.S. banks are reportedly in early discussions to launch a joint crypto stablecoin, according to a report by the Wall Street Journal (WSJ). The talks mark a potential turning point in how traditional financial institutions view and engage with blockchain-based digital assets. A New Era for Traditional Finance and Crypto According to sources cited by the WSJ, major financial institutions including JPMorgan Chase, Wells Fargo, and Bank of America are exploring the creation of a shared stablecoin. While no final decision has been made, the early-stage…
In a surprising move that sparked widespread discussion in the crypto community, Tron founder Justin Sun publicly defended former U.S. President Donald Trump following a private presidential dinner. During the gathering, Sun not only praised Trump’s evolving stance on digital assets but also expressed strong support for memecoins, calling them an essential part of crypto innovation. A Controversial Dinner With High Stakes The presidential dinner, held at a private estate, included high-profile business leaders, tech entrepreneurs, and select blockchain innovators. Justin Sun, a vocal advocate for blockchain adoption, was among the few crypto representatives in attendance. “President Trump is beginning…
The cryptocurrency market is once again making headlines as Bitcoin’s open interest reaches an all-time high, even as the price drops below the critical $111,000 mark. This unusual divergence has left investors questioning what’s next for the world’s leading digital asset. Understanding Open Interest in Bitcoin Open interest refers to the total number of outstanding derivative contracts—such as futures and options—that haven’t been settled. A surge in open interest usually indicates increased trading activity and heightened market participation. “Rising open interest can be a double-edged sword, signaling strong momentum or a looming correction,” noted a crypto analyst. Currently, Bitcoin’s open…
The $400 million security breach at Coinbase, one of the world’s largest cryptocurrency exchanges, has sent shockwaves through the global crypto community. This incident, dubbed a “major wake-up call,” reveals some alarming vulnerabilities in digital asset security and forces investors and platforms to re-evaluate their approach to cybersecurity. What Happened at Coinbase? In early 2025, hackers exploited a critical security flaw in Coinbase’s infrastructure, gaining unauthorized access to user wallets and transferring over $400 million worth of cryptocurrencies. Although Coinbase has promised to compensate affected users, the damage to its reputation and the loss of investor trust is significant. “This…
A Massachusetts man has been sentenced to six years in prison for running what authorities described as a “no questions asked” Bitcoin-to-cash operation that skirted U.S. financial regulations.On May 22, 2025, Judge Richard Stearns of the Boston federal court sentenced Trung Nguyen, a resident of Danvers, to 72 months in prison and three years of supervised release, along with an order to forfeit $1.5 million in assets tied to the illegal business. Unlicensed Crypto Exchange Business Spanned Three Years From September 2017 to October 2020, Nguyen operated National Vending, which prosecutors say was an unlicensed money-transmitting business disguised as a…
Trump-Linked Token Rallies Despite Controversy The Trump token ($TRUMP), a memecoin associated with former U.S. President Donald Trump, saw a sharp 10% increase in value following a controversial private dinner hosted on Thursday night, May 22, 2025. The token price climbed from approximately $0.18 to $0.20, fueled by renewed media attention and trading speculation. This spike occurred in direct contrast to the intense public and political criticism surrounding the event, signaling the volatile intersection of politics and crypto enthusiasm. The Memecoin Dinner: A High-Stakes Political-Crypto Crossover The exclusive dinner, held at Trump National Golf Club in Virginia, was reserved for…
Swedish health tech firm H100 AB surged 37% in stock price after it announced its first-ever Bitcoin purchase on May 22, 2025. The company revealed that it acquired 4.39 BTC for 5 million NOK (approx. $490,000) at an average price of around $111,785 per Bitcoin. This marks a historic move in Sweden’s health sector, as H100 becomes one of the first medical-focused firms in the region to adopt Bitcoin as part of its corporate treasury strategy. “This move is part of our long-term financial strategy to diversify holdings and hedge against currency devaluation,” H100 said in a press release. H100’s…
Introduction The Solana blockchain continues to push the boundaries of decentralized finance (DeFi) innovation. In a groundbreaking move, Jupiter, Solana’s leading DEX aggregator, has announced the launch of a new lending protocol. This development is built around the principle that “liquidity begets liquidity”, meaning that the more liquidity exists in a system, the more it attracts additional liquidity—creating a self-reinforcing financial ecosystem. What is Jupiter? Jupiter is the most popular decentralized exchange (DEX) aggregator on the Solana blockchain, known for providing users with the best trade execution across multiple liquidity sources. It has been instrumental in improving the trading experience…