The official X (formerly Twitter) account of Paraguayan President Santiago Peña was hacked on Monday to spread a fraudulent message. The post, written unusually in English rather than the President’s usual Spanish, claimed that Paraguay had adopted Bitcoin as legal tender. Further, the now deleted post said that Paraguay had not only recognized Bitcoin as an official currency but had also created a $5 million BTC reserve and launched a new bond initiative for “crypto-enabled citizens.”  Moreover, in an apparent phishing scam the post urged users in the Republic to send any amount of Bitcoin to a wallet address.  The…

Eric Trump is threatening legal action over a newly launched cryptocurrency project claiming to represent the Trump brand.  He said in a X post that “Official $TRUMP Wallet” was created without the family’s consent or involvement. Eric Trump sent a series of text messages denying any connection between the Trump family and the wallet, which was announced Monday on a website branding itself as the official platform for the Trump-backed crypto wallet. “The Trump Organization has zero involvement with this wallet product. Donald Trump Jr. and Eric Trump know nothing about it.” Eric Trump The controversy escalated after the site…

Cetus, a decentralized finance protocol operating on the Sui blockchain was hit by a massive attack that drained over $200 million worth of digital assets last week.  Of the total amount stolen, $61 million was bridged to Ethereum, while $162 million remains frozen on the Sui network.  The release of the frozen funds is pending a community vote involving both Sui token holders and validators.  Cetus has now announced plans to fully compensate users impacted by the attack, regardless of the vote’s outcome. The compensation package includes a mix of internal reserves and an undisclosed loan secured from the Sui…

The official Instagram account of hip-hop group Migos was hacked on Monday May 26, 2025, sparking concerns of a possible link to security incidents involving major crypto platforms. The hacker exposed sensitive personal information belonging to Solana co-founder Raj Gokal.  Andy, the co-founder of blockchain security platform “The Rollup” noted that the hackers briefly took control of the Instagram account with over 13 Million followers and posted passport scans, government-issued IDs, and other private data of Raj Gokal and another individual identified only as “Arvind.” The hackers posted Gokal’s private contact information with threatening captions that read, “you should’ve paid…

On May 26, 2025, a crypto investor lost $2.6 million in USDT after being tricked twice in just three hours by a phishing scam. The scammers made the investor believe they were sending money to a trusted address by faking the transaction history. According to a report from blockchain security company Cyvers, the scammers used a function on Ethereum called transferFrom to send zero-value transactions from the victim’s wallet to fake addresses. These fake transactions made it look like the victim had previously sent money to these addresses, even though they hadn’t. This trick didn’t need the victim’s private key…

Hyperliquid Foundation, a decentralised crypto exchange announced this morning, May 26,2025  that their HyperFND X account has been recovered.  This is after they officially announced the account was compromised two days ago on May 24,2025.  Hyperliquid in their official X post went on to say that a  thorough investigation is being conducted with the assistance of X’s security team.  They added there was no compromise of internal systems, email, or associated credentials and that Hardware 2FA was untouched.  The Crypto industry has seen exponential growth especially in the past few weeks. Experts attribute this growing trend to President Trump’s reelection …

In a growing wave of cyberattacks targeting cryptocurrency users, hackers are deploying counterfeit versions of the Ledger Live app to trick macOS users into revealing their seed phrases.  The malicious campaign involves replacing the legitimate Ledger Live desktop application with a nearly identical clone that prompts users to input their recovery phrase through a deceptive pop-up message.  Once the phrase is entered, attackers gain full control of the victim’s wallet. “Initially, attackers could use the clone to steal passwords, notes, and wallet details to get a glimpse of the wallet’s assets, but they had no way to extract the funds,”…

The hacker behind the recent Coinbase data breach has resurfaced, mocking blockchain investigator ZachXBT after moving millions in crypto using the THORChain protocol. The hacker reportedly swapped approximately $42.5 million in Bitcoin for Ethereum via THORChain on May 21,2025 before embedding an onchain message to ZachXBT.  The message, reading “L bozo,” included a meme video of NBA legend James Worthy smoking a cigar, an apparent gesture of mockery aimed at the prominent crypto investigator.  ZachXBT, who has been tracking the hacker’s movements, flagged the onchain taunt on his Telegram channel, linking the activity to the same entity responsible for breaching…