Sky Mavis, the creator of the renowned play-to-earn game Axie Infinity, has successfully recovered $5.7 million linked to last year’s Ronin Bridge hack, with substantial aid from Norwegian law enforcement.
The company revealed that Norway’s Økokrim, a central unit for combatting economic and environmental crimes, played a key role in freezing and returning the stolen funds on June 7.
The recovery operation involved collaboration between various parties, including law enforcement, legal teams, accountants, and blockchain forensic experts like Chainalysis.
Sky Mavis expressed gratitude towards both the Norwegian government and the U.S. Federal Bureau of Investigation for their efforts in tracking down and securing the assets.
Sky Mavis disclosed their plans for the retrieved funds, stating, “15% of recovered assets will be used to cover costs and expenses incurred by those involved in the recovery efforts.
The remaining 85% of recovered funds will be deposited into the Axie Infinity treasury.”
This move aims to reallocate the funds back into the game’s operational budget, while also compensating those who contributed to the recovery efforts.
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Further developments in the ongoing case include the freezing of an additional $40 million in digital assets by law enforcement, though Sky Mavis indicated that reclaiming these funds could be a lengthy process without a definitive timeline for their return.
The Ronin Bridge incident, which occurred on March 29, 2022, remains one of the most significant security breaches in the cryptocurrency realm.
The breach involved the unauthorized withdrawal of 173,600 Ether and 25.5 million USD Coin, valued at $612 million at the time, using compromised private keys.
In response to the financial impact on users, Sky Mavis raised $150 million in April 2022 through a funding round led by Binance to compensate affected stakeholders.
Post-incident, the company has enhanced the security of the Ronin blockchain, integrating additional validators including Google Cloud, to bolster its defense against future attacks.
Despite the setback, Ronin continues to be a prominent blockchain platform for non-fungible tokens (NFTs), currently ranking third in all-time NFT sales behind leaders Solana and Ethereum.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Ape Planet (APEPLAN) presents a similar opportunity for a limited time.
Ape Planet (APEPLAN), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
APEPLAN will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Ape Planet.
Currently, Ape Planet can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy APEPLAN on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Ape Planet by entering its contract address – ET3t9oWgPkCEWP8CTtJNrW4n8we7y3aCPHckArZC2759 – in the receiving field.
APEPLAN currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
CoinGecko, a cryptocurrency data aggregator, has reported a security breach at its third-party email service provider, GetResponse.
This incident occurred shortly after news of a fresh round of cryptocurrency airdrop scams.
The breach, confirmed on June 5, allowed unauthorized access to over 1.9 million user contacts from CoinGecko’s database due to a compromised employee account at GetResponse.
CoinGecko relayed the specifics of this breach in a statement:
“An attacker had compromised a GetResponse employee’s account, leading to a breach.
“We received confirmation from the GetResponse team on 6 June 2024, at 11:58 AM UTC, that a data breach had occurred.”
The data accessed includes names, email addresses, IP addresses, locations where emails were opened, and other metadata like sign-up dates and subscription plans.
Importantly, CoinGecko confirmed that user accounts and passwords were not compromised.
In addition to the breach, the attackers exploited the situation by sending out 23,723 phishing emails. CoinGecko clarified the extent of this phishing campaign:
“The attacker exported 1,916,596 contacts from CoinGecko’s GetResponse account and sent phishing emails to 23,723 emails from another GetResponse client’s account (alj.associates).”
Phishing attacks often target sensitive information such as crypto wallet private keys.
Other sophisticated forms of phishing include address poisoning, where scammers coax users into sending funds to fraudulent addresses.
In response to these threats, experts advise heightened vigilance.
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Hakan Unal, a senior blockchain scientist at Cyvers, emphasized the importance of verifying the authenticity of suspicious emails and securing accounts with robust measures like two-factor authentication (2FA):
“The immediate concern is the risk posed to individuals who might receive these compromised emails.
“To stay safe, users should verify the authenticity of such emails and enable multifactor authentication on all crypto accounts.”
Recent trends in cryptocurrency-related hacks have shown a significant vulnerability due to private key leaks.
Merkle Science reported that over 55% of digital asset losses in 2023 were due to these leaks.
Mriganka Pattnaik, CEO of Merkle Science, noted the increasing risk:
“The biggest security concern right now is the rapid increase in losses due to private key leaks… hackers may be looking for easier targets that require less technical knowledge to exploit, such as stealing private keys.”
This breach highlights the ongoing challenges in securing digital assets and the importance of comprehensive security measures to protect sensitive user data and prevent unauthorized access.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Pepe Doggy could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Doggy (PEPEDOGG), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because PEPEDOGG has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Doggy can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Doggy could become the next viral memecoin.
Pepe Doggy launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Doggy on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Doggy by entering its contract address – 74Ht3wsT2BynUM13ecaaXzGy2H5SEtb7NMXYBY2bckKS – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like PEPEDOGG.
Millionaire Cat (MILICAT), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
Currently, Millionaire Cat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Millionaire Cat could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Millionaire Cat launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Millionaire Cat on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Millionaire Cat by entering its contract address – 6BkC9BeoBpxDJEw7n5g9hvN1BP8xoLuvtFc4SGrxeVp3 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MILICAT.
The U.S. economy’s robust labor market, highlighted by the latest nonfarm payrolls report, could exert downward pressure on Bitcoin prices.
The report, which excludes agricultural employment, showed that job creation in May surpassed expectations, potentially signaling a stronger economic outlook.
This development might lead investors to anticipate tighter monetary policy, as they shift focus towards more traditional assets, potentially impacting Bitcoin negatively.
According to Bitfinex analysts, “If the NFP exceeds expectations significantly, it could signal a stronger economy, possibly leading to fears of tightening monetary policy.
This might put downward pressure on Bitcoin as investors rebalance toward traditional assets.”
Indeed, the nonfarm payrolls for May revealed the addition of 272,000 jobs, well above the forecasted 182,000.
This could reduce the appeal of riskier assets like Bitcoin, which might struggle to maintain its value, possibly dropping below the $70,000 mark by the week’s close.
In Europe, economic maneuvers also painted a complex financial landscape.
The European Central Bank (ECB) reduced its benchmark lending rate from 4% to 3.75%, its first cut in five years, just ahead of the EU-wide elections.
Bitfinex analysts suggested that this rate cut could weaken the euro, thereby boosting the attractiveness of Bitcoin and other alternative assets.
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They noted, “The rate cut could weaken the euro, potentially leading to higher demand for alternative assets like Bitcoin.
“The increased liquidity from this monetary easing could also support risk assets, including cryptocurrencies.”
The price movements of Bitcoin were relatively flat, though it experienced a slight drop by 0.8% around midday UTC, trading at $71,186, according to CoinMarketCap.
However, positive trends in institutional inflows, particularly from U.S. spot Bitcoin ETFs, might yet bolster Bitcoin’s market position.
These ETFs have already seen significant inflows, amassing over $1.54 billion this week alone, indicating a strong investor confidence that could push Bitcoin’s price above the $70,000 threshold.
On June 5, U.S. Bitcoin ETFs reported inflows of $488.1 million, and an even more impressive $886.6 million on June 4, marking some of the highest single-day gains this year.
As of mid-February, Bitcoin ETFs represented about 75% of new investments into the cryptocurrency as it breached the $50,000 level, underscoring the significant impact of institutional investment on Bitcoin’s market dynamics.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Donkey Coin (DONKCOIN) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Donkey Coin (DONKCOIN), a Solana memecoin that was launched this week, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Donkey Coin presents a similar opportunity.
Donkey Coin has a market cap below $12,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Donkey Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Donkey Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Donkey Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donkey Coin by entering its contract address – 44Xxbp2Z1c9puZUrqmxUoCUGBVEckAfQPPnHukG8vKFC – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like Donkey Coin.
Bitcoin‘s price maintained a steady position at $71,000 on June 7, even as analytical tools indicated potential tests of lower price levels soon.
The day’s trading data, as per Cointelegraph Markets Pro and TradingView, highlighted a bounce in Bitcoin’s value after it touched intraday lows of $70,120 on Bitstamp, just before the daily trading session concluded.
This trend of quick recoveries from lower values persisted throughout the week, marked by sharp downturns and subsequent rebounds.
A significant dip occurred on June 5 when Bitcoin’s price momentarily dropped to $69,600, only to recover later.
Material Indicators, a trading resource, noted this pattern, suggesting an impending test of the $69,000 support level.
They shared, “Both Trend Precognition algos are showing new #TradingSignals indicating that it may be time to retest local support,” in a social media post.
Keith Alan, co-founder of Material Indicators, expressed optimism about reaching this key support level, stating, “For me, a move back to $71.6k invalidates, and a hot Unemployment Report in the morning could be a catalyst for a move like that.”
He further emphasized the psychological significance of the $69,000 level, suggesting that its breach could confirm a bullish support-resistance flip.
Further adding to the analysis, Alan highlighted the impact of upcoming U.S. unemployment data, known to affect Bitcoin’s volatility.
During June 6 trading, Skew, a prominent trader, reported substantial Bitcoin sales on exchanges like Binance and Coinbase, including a single transaction of 2,000 BTC on Coinbase.
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Despite these sales, the market showed resilience, with bulls stepping in to prevent a further slide, as Skew had earlier warned could have more severe implications for Bitcoin’s pricing trend.
Michaël van de Poppe, CEO of MNTrading, noted that despite signs of strength, Bitcoin had not yet managed to exit its established trading range.
He remarked on social media, “Bitcoin is still stuck within the range, but very heavily ready for a breakout upwards to a new all-time high,” signaling a cautious optimism for a forthcoming surge.
Alan pointed to market manipulation by large investors, or ‘whales’, as a significant factor restraining Bitcoin’s ascent towards record highs.
He accused them of keeping prices low to protect their short positions, particularly noting a concentration of short positions between $71,500 and $75,000.
CoinGlass data indicated that $71,900 was a key focus for traders, representing a significant point of liquidity just above the current market price.
This observation suggests that Bitcoin’s price movements remain closely watched, with various factors influencing its short-term trajectory.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Donald Humps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Donald Humps (DONHUMPS), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
This is because DONHUMPS has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Donald Humps can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Donald Humps could become the next viral memecoin.
Donald Humps launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Donald Humps on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Humps by entering its contract address – Bomc2UuYYDUXDY9WKk7SBQSRTx1orjGex6XsYY7FGJsu – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONHUMPS.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Ape Planet (APEPLAN) presents a similar opportunity for a limited time.
Ape Planet (APEPLAN), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
APEPLAN will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Ape Planet.
Currently, Ape Planet can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy APEPLAN on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Ape Planet by entering its contract address – ET3t9oWgPkCEWP8CTtJNrW4n8we7y3aCPHckArZC2759 – in the receiving field.
APEPLAN currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.