South Korea’s crypto sector is on the cusp of a breakthrough, with the government proposing to recognize crypto firms as venture companies, potentially unlocking millions in subsidies and tax incentives. Crypto companies’ exclusion from the classification has hindered their access to tax breaks and financial support. Will the proposed amendment mark a turning point? South
The team behind the Solana-based TRUMP meme coin, a digital asset connected to US President Donald Trump’s brand, has moved 3.527 million tokens (equivalent to about $32.8 million) to Binance.
This transaction is the latest in a string of significant token deposits to centralized exchanges, sparking fresh concerns about the team’s intentions and the potential impact on market stability.
Nearly $150 Million in TRUMP Tokens Have Been Moved
Blockchain analysis platform Lookonchain reported that this latest transfer, conducted on June 21, forms part of a larger pattern.
However, the project representatives previously claimed that the movement of tokens aimed to support liquidity and ensure smooth trading conditions. They also stated that the tokens came from a wallet created specifically for this purpose during the project’s launch phase.
Despite those assurances, the token’s market value has continued to decline.
According to BeInCrypto data, TRUMP has lost around 6% over the past day and currently hovers near $8.68 as of press time. Since its January debut, the token’s value has dropped by around 90% from its peak of over $75.
“Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible and doesn’t even accurately reflect a letter you signed last month,” the video-sharing platform stated.
These issues mean the outlook for TRUMP remains uncertain due to the growing skepticism about the token’s utility and persistent price declines.
That’s the message left behind after hackers gave LockBit – a ransomware gang known for extorting millions. Yes, they just got a brutal taste of their own medicine. In a surprising breach, nearly 60,000 Bitcoin wallet addresses tied to LockBit’s operations were leaked online.
How serious is it? Let’s explore together.
Hackers Hit the Hackers
The attackers broke into LockBit’s dark web affiliate panel and dumped a full MySQL database for the world to see. Inside? Thousands of ransomware builds, private negotiation chats, and crypto wallet addresses used in past attacks.
One LockBit member tried to downplay the situation, saying no private keys were leaked. But analysts aren’t convinced. The leaked wallets match up with the group’s known patterns, and the data is already being picked apart by blockchain investigators.
Wallet Leak Could Unravel Ransom Trails
LockBit assigns a unique Bitcoin address to every victim. That makes it hard to trace payments – but with 60,000 addresses now public, investigators have a rare shot at connecting the dots. No private keys were shared, but even the wallet info alone could expose years of financial activity.
Talk about justice being served!
Crypto Crime Is Heating Up
This is concerning, though. Just last month, CertiK reported $364 million lost to crypto hacks, scams, and exploits – a huge jump from $28.8 million in March. Immunefi also flagged April as one of the worst months for security breaches so far this year.
And then there’s North Korea. According to Chainalysis, state-backed hackers stole over $1.3 billion in crypto in 2024, including a $1.4 billion Bybit hack. The situation’s gotten so serious, G7 leaders are expected to bring it up at their summit in Canada next month.
Wake Up Call for Governments
The U.S. Treasury is stepping in too. It’s hosting private roundtables with top crypto players next week, focusing on DeFi, cybersecurity, and banking. These are important talks to shape the next phase of U.S. crypto regulation.
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“Don’t do crime. CRIME IS BAD. xoxo from Prague.” That’s the message left behind after hackers gave LockBit – a ransomware gang known for extorting millions. Yes, they just got a brutal taste of their own medicine. In a surprising breach, nearly 60,000 Bitcoin wallet addresses tied to LockBit’s operations were leaked online. How serious …
