Crypto crooks targeted $244M in May, hack losses down 40% — PeckShield
Crypto hack losses dropped 40% in May to $244M, with the largest exploit targeting Cetus DEX for $223M. Security firms froze $157M, while industry efforts against hackers intensify.
Ripple’s ‘Skull of Satoshi’ Donation, Bitcoin Acquisitions & Trump Tariffs Linger: Crypto News Roundup by Coingape
Ripple donates ‘Skull of Satoshi’ to Bitcoin Museum, corporations increase Bitcoin holdings, and XRP gains traction as a treasury asset amid regulatory and market developments.
Bankrupt Crypto Exchange FTX Officially Kicks Off Second Round of Creditor Repayments With $5,400,000,000 Distribution – The Daily Hodl
FTX begins second round of creditor repayments, distributing over $5.4 billion from its $11.4 billion reserves. Larger claims and convenience class creditors will receive funds via BitGo or Kraken within days.
Wells Fargo Reportedly Rejects Reimbursement After $44,000 Drained From Accounts – Until Questions Surface in the Media – The Daily Hodl
Wells Fargo initially refused to reimburse customers who lost $44,000 to scams but reversed its decision after media scrutiny. Victims faced fraudulent transfers and ATM withdrawals.
FTX Recovery Trust Begins $5B Second Payout to Creditors
FTX Recovery Trust initiated a $5B second payout to creditors on May 30, offering up to 72% reimbursement. Payments are processed via Kraken and BitGo, potentially impacting crypto market volatility.
Bitcoin all-time high, five US states enact crypto laws: May in Charts
Bitcoin hit $111,000, Coinbase joined S&P 500, and five US states enacted new crypto laws in May, marking significant progress for the cryptocurrency market.
Cetus Hack Update: $160M in Stolen Funds Transferred to Multi-Sig Wallet
Cetus has transferred $160M in stolen funds to a multisig wallet after a community vote. The recovery process advances with plans for contract upgrades and liquidity restoration. CETUS price dropped 8%.
Billionaire Warren Buffett Pours $305,500,000,000 Into ‘Safe Haven’ Assets While Dumping Stakes in Citigroup, Bank of America and Capital One – The Daily Hodl
Warren Buffett shifts $305.5 billion into US Treasuries as a safe haven, while selling stakes in Citigroup, Bank of America, and Capital One, per SEC filings.
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Pi Network’s Newest Big Update for PI Investors, Developers, and Gamers: Details
Pi Network’s latest update targets gamers, developers, and investors, introducing FruityPi game and ecosystem integration. Despite a recent hype rally, PI token’s price has dropped back to $0.6 amid market corrections.
