Quick Summary: A fake death announcement for 193-year-old tortoise Jonathan went viral with 1.7 million views before being debunked as an April Fool’s joke. A fabricated report claiming the death of Jonathan, a Seychelles giant tortoise believed to be at least 193 years old, spread rapidly across the internet on Wednesday after being posted by an individual presenting themselves as the animal’s veterinarian. The hoax was picked up by multiple news outlets before being debunked. The individual later confirmed it was an April Fool’s Day prank, mocking the publications and users who had accepted the story as fact.The original post…
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Quick Summary: Reports of an Iran-Oman protocol to manage Strait of Hormuz traffic erased early market losses and pushed WTI crude oil down about $5 per barrel. Risk markets reversed sharp early losses on Thursday following reports that Iran and Oman are collaborating on a protocol to manage vessel traffic through the Strait of Hormuz. The news prompted a rapid shift in market sentiment, with investors pulling back from earlier defensive positions. The development comes amid heightened tensions surrounding the critical waterway.Iranian officials stated that the proposed measures are intended to coordinate and ensure safe passage through the strait, rather…
Quick Summary: An attacker drained at least $270 million from Drift Protocol on Solana by abusing durable nonces and tricking two Security Council members into approving fraudulent transactions. An attacker has drained at least $270 million from Drift Protocol, a decentralized finance platform operating on the Solana blockchain, in a theft that relied on social engineering rather than a conventional code vulnerability or stolen private keys. The method used involved a legitimate Solana feature known as durable nonces, which allow transactions to be pre-signed and remain valid for an extended period. The incident highlights a growing category of risk in…
Quick Summary: Blockchain analytics firm Elliptic says the $285 million Drift Protocol exploit bears hallmarks of North Korean state-sponsored hackers. Elliptic, a blockchain analytics firm, has attributed the $285 million exploit of Drift Protocol to hackers linked to the North Korean state. The firm’s analysis identifies patterns consistent with previous crypto thefts carried out by DPRK-sponsored actors. The findings raise fresh concerns about the vulnerability of decentralized finance platforms to sophisticated state-level attacks.According to Elliptic’s assessment, the attackers displayed premeditated and carefully staged on-chain behavior throughout the operation. The laundering of stolen funds followed a structured, cross-chain flow that closely…
Quick Summary: Federal prosecutors in Connecticut have forfeited more than $600,000 in cryptocurrency linked to a phishing scam that tricked a hardware wallet user via a fake letter. The U.S. Attorney’s Office for the District of Connecticut has recovered and forfeited more than $600,000 in cryptocurrency connected to a fraud scheme targeting a hardware wallet user. The case stems from a phishing incident in September 2025, in which a Connecticut resident was deceived by a letter falsely claiming to be from Ledger Security & Compliance. The letter instructed the recipient to complete a mandatory security check, but following those instructions…
Quick Summary: The CFTC finalizes a disgorgement order against former FTX engineering head Nishad Singh, requiring $3.7 million in repayment but no civil penalty. The Commodity Futures Trading Commission has finalized its enforcement action against Nishad Singh, the former head of engineering at collapsed cryptocurrency exchange FTX, marking the first individual case the agency has fully resolved in its multi-year FTX investigation. A supplemental consent order filed in the Southern District of New York requires Singh to pay $3.7 million in disgorgement. The amount corresponds to real estate Singh purchased in October 2022 using funds he knew were misappropriated from…
Quick Summary: French tokenized exchange Lise is set to host what it calls the first fully onchain IPO, listing aerospace and defense firm ST Group on April 9. Lightning Stock Exchange (Lise), a French blockchain-based stock exchange, is preparing to conduct what it describes as the first natively tokenized initial public offering, listing aerospace and defense small and medium enterprise ST Group as its debut company. The exchange says shares will be issued and traded as digital tokens rather than recorded through conventional market infrastructure. The announcement was shared with Cointelegraph on Thursday.Lise CEO Mark Kepeneghian said the development could…
Quick Summary: Altura, a DeFi protocol founded by ex-Fidelity and PwC staff, is offering retail investors access to an onchain gold arbitrage vault targeting 20% annualized returns. Altura, a decentralized finance protocol co-founded by former Fidelity and PwC staff, has announced the launch of an onchain gold arbitrage strategy aimed at retail investors. The product targets annualized returns of 20% and was announced in a release shared with Cointelegraph on Thursday. The company says it has raised $4 million in funding and has already facilitated the movement of approximately 185 kilograms of gold, representing around $28.5 million in cumulative transaction…
Quick Summary: Long-term Bitcoin holders now control roughly 80% of supply, nearing the 85% threshold historically associated with bear market bottoms. Bitcoin long-term holders currently control approximately 80% of the cryptocurrency’s circulating supply, according to recent data. This figure is drawing attention from market observers because it is approaching the 85% level that has historically coincided with bear market bottoms. The concentration of supply among long-term holders is widely viewed as a signal of reduced selling pressure in the market.Historically, when long-term holders accumulate such a large share of Bitcoin’s supply, it has often indicated that weaker hands have already…
Quick Summary: Grayscale says geopolitical tensions and an oil shock are pushing back rate-cut expectations, though crypto markets show resilience amid the uncertainty. Grayscale has identified geopolitical risk and a sharp oil shock as the primary forces delaying expectations for interest rate cuts by central banks. The firm notes that this combination is keeping investors in a cautious stance across financial markets. The uncertainty has made many market participants hesitant to make significant moves in either direction.Despite the broader stress affecting traditional markets, the crypto sector has demonstrated a degree of stability. Grayscale points to modest inflows into crypto assets…
