Features Crypto News by Thebittimes.Com

Donald Trump has embraced the cryptocurrency ecosystem this term, launching multiple projects, promising a bitcoin reserve and a digital asset stockpile, and voicing his support for legislation moving through the House and the Senate. At a press conference hosted by “Crypto Czar” David Sacks, several legislators voiced their intention to advance multiple pieces of legislation, specifically noting their confidence that they would be able to pass out of both the House and the Senate within the first 100 days of the term.  Despite Trump’s promises to support both the traditional market and the crypto market, both have performed worse early in this term than in his first term .  Read more: Ethereum down 33% since Eric Trump suggested it was a ‘great time’ to buy When Trump came into office in 2017, bitcoin (BTC) was worth less than $900. By the time he left office, it ended up appreciating to over $30,000. The first 100 days alone saw it ...

The face behind an alleged $650,000 UK crypto scam that was documented in detail by ZachXBT today has been revealed by a user on X (formerly Twitter). X user Padrino revealed a photo of the alleged scammer while asking if they’re “Ready to go to prison?” They posted screenshots of the individual while they appeared on a webcam. ZachXBT has confirmed that the individual is indeed the alleged scammer, telling Protos that footage of the individual was recorded during a video call. Footage from ZachXBT of the alleged scammer in a video call. Audio from the call was shared here in ZachXBT’s thread. The crypto sleuth claimed the man stole crypto from over 250 individuals by promising a paid trading service that was promoted with screenshots of fake, lucrative trades. Victims were coaxed into sending $250-$500 first, then, after being told their profits had skyrocketed, the victims were pressured into sending another $20,000 to claim their supposedly locked funds. It is suspected ...

The Witness Chain Discord channel was reportedly hacked today, making it the fifth crypto company this month to see its Discord taken over by hackers.  Witness Chain is a blockchain-based DePIN validation project. Hackers appear to have used its Discord to share malicious links, with core contributor Pankaj Agarwal warning members, “please do not click on any links posted there!” Agarwal then posted just over an hour later that the Discord server had been recovered from the hackers and fixed. The original warning was also spammed with repetitive messages that link to an apparent recovery scam. The server has been recovered and fixed! https://t.co/IbmXMdkZIs — Pankaj Agarwal (@Shankusu993) August 30, 2024 Read more: Aave hacked via periphery contract — $56K stolen from ‘tip jar’ The Discord channels of blockchain platform Polygon, blockchain Avalanche, roll-up firm Zksync, and Orderly Network were also hacked on August 24, 25, and 29 respectively.  Polygon’s Discord hack ...

In an Oct. 31 post on X, ZachXBT called out Strike, the global money app, for misleading users. Strike initially responded with a quote from TheBlock claiming that there was no evidence that it was involved in a data breach . Attempted phishing scams In the post, the anonymous blockchain sleuth shared that five or more people received phishing emails over the weekend to emails that were associated with Strike. These emails have proven to be dangerous as a method for scammers to steal passwords, account numbers and other personal information. Yesterday I shared 5+ people who received phishing emails over the weekend to email addresses associated with @Strike Strike then provided a quote to TheBlock claiming “there's no evidence that Strike was breach ed” Below are two examples with leaked data from the breach … pic.twitter.com/9Upw6ug8O3 — ZachXBT (@zachxbt) October 31, 2023 Since Strike initially denied the claim of the breach , ZachXBT shared a follow-up post that sho...