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      Bitcoin Mining at Home in 2025: A Complete Guide

      Bitcoin mining has evolved into a sophisticated industry, but that doesn’t mean individuals can’t participate from home. In 2025, with the right hardware, software, and strategy, you can still mine BTC profitably—if you know what you're doing.
      This guide covers four realistic ways to mine Bitcoin at home, the equipment you’ll need, costs, and expected returns.

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      Key Takeaways
      ✔ Lottery Mining – Fun and cheap, but don’t expect consistent rewards.
      ✔ Solo ASIC Mining – Full control, but requires luck and investment.
      ✔ Pool Mining – The most reliable way for steady payouts.
      ✔ Cloud Mining – Hassle-free, but often less profitable than running your own rig.
      Why Mine Bitcoin in 2025?
      Bitcoin’s adoption continues to grow, with major corporations like Strategy and Metaplanet (a Japanese firm) adding BTC to their balance sheets. Regulatory clarity is improving, especially with MiCA in the EU and a more crypto-friendly stance in the US under a potential Trump administration.
      Most importantly, Bitcoin has surpassed $100,000 in 2025, driven by ETF demand and post-halving scarcity. This makes mining more attractive—if you can do it efficiently.

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      Option 1: Lottery Mining – High Risk, Rare Rewards
      Lottery mining is the cheapest way to mine Bitcoin, but it’s more like playing the lottery than a steady income source.
      How It Works:
      Use low-power devices like the Bitaxe HEX (3 TH/s) or GekkoScience R909 (1.5 TH/s).
      Connect to Solo CKPool, where you keep 100% of any block reward.
      Statistically, hitting a block is extremely rare—but it happens.
      Why Do People Do It?

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      Supports Bitcoin’s decentralization.

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      Great for learning mining mechanics.

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      A single block win can be life-changing.
      <foto> *Example of a small USB miner setup.* <foto>
      Best for: Hobbyists who enjoy the challenge, not those seeking profits.

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      Option 2: Solo ASIC Mining – High Investment, High Risk
      If you want real mining power, ASICs (Application-Specific Integrated Circuits) are the way to go.
      Best ASICs in 2025:

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      Antminer S21 Hydro – ~400 TH/s, energy-efficient.

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      Whatsminer M60S – Competitive efficiency, liquid-cooled.
      The Reality of Solo Mining:
      The Bitcoin network’s total hashrate is ~500 EH/s.
      A single ASIC gives you 0.00008% of the network power.
      You’d need 20+ ASICs to have a realistic chance of finding a block yearly.
      Best for: Those with cheap electricity and a high-risk tolerance.

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      Option 3: Pool Mining – Steady, Reliable Income
      Most home miners join mining pools for consistent payouts.
      How It Works:
      Choose a pool (e.g., Foundry USA, Antpool, F2Pool).
      Connect your ASIC to their servers.
      Earn rewards based on your contributed hash power.
      Payout Models:
      FPPS (Full Pay Per Share) – Get paid for every share submitted.
      PPLNS (Pay Per Last N Shares) – Higher payouts, but less frequent.
      Best for: Miners who want predictable returns.

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      Option 4: Cloud Mining – No Hardware, No Hassle
      Cloud mining lets you rent hash power from companies like NiceHash or BitDeer.
      Pros & Cons:
      ✔ No hardware maintenance.
      ✔ No electricity costs.

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      Lower profits (fees eat into earnings).

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      Scams are common—stick to reputable providers.
      Best for: Beginners who want to test mining without buying equipment.

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      Final Verdict: Which Method is Best?
      Method Cost Risk Profit Potential Best For Lottery Low High Very Low Hobbyists Solo ASIC High High High (if lucky) Risk-takers Pool Mining Medium Medium Steady Most home miners Cloud Mining Medium Medium Low Passive investors

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      Key Considerations Before Mining in 2025:
      Electricity costs – Mining is only profitable if power is cheap.
      Hardware lifespan – ASICs lose efficiency over time.
      Regulations – Check local laws on crypto mining.

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      Ready to Start Mining?
      If you’re serious about mining, pool mining with an ASIC is the most balanced approach. For a hands-off option, cloud mining works—but do your research to avoid scams.

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      Pro Tip: If mining seems too complex, consider just buying and holding Bitcoin instead.

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      Mastering AI Crypto Bots: How to Set Up, Optimize, and Profit from Automated Trading

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      A Complete Beginner-to-Pro Guide to AI-Driven Crypto Trading Bots

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      Key Insights
         

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      AI-powered bots use machine learning to execute trades faster, smarter, and emotion-free.
         

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      Setup involves choosing the right platform, linking your exchange, defining strategies, and testing.
         

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      Bots can trade 24/7 — perfect for passive income or active day trading.
         

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      They require oversight — not "fire and forget" tools.
         

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      Your goals (DCA, swing trading, HODLing) determine the best bot and approach.

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      What Exactly Are AI Crypto Trading Bots?
      AI crypto bots are automated systems designed to buy and sell cryptocurrencies using machine learning models rather than fixed, rule-based logic.
      Unlike traditional bots that follow strict commands, AI bots adapt in real time, analyzing:
         

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      Historical price data
         

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      Real-time market trends
         

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      Social sentiment
         

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      Order book dynamics
      For instance, a bot might hold off on a trade during periods of market indecision or increase position size when it “feels” confident based on prior learning.

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      Popular platforms like Freqtrade, Trality, and Stoic by Cindicator allow users to either bring their own AI models or rely on built-in strategies. The core benefit? Zero emotion. Full speed.

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      How to Set Up an AI-Powered Crypto Trading Bot
      While platforms make it easy to launch, the key is a smart setup. A poorly configured bot can be more dangerous than no bot at all.

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      Here's a step-by-step overview:
          Choose a Suitable Platform
          Some platforms support full AI control (like Freqtrade or Trality), others are great for beginners (like 3Commas, Pionex, or Cryptohopper).
          Securely Connect to Your Exchange via API
              Disable withdrawal rights
              Enable 2FA
              Use IP whitelisting
          Define Your Trading Strategy
              Pick trading pairs
              Set order size
              Configure stop-loss and take-profit rules
              Set cooldowns and max open trades
          Backtest With Historical Data
          Use backtesting to simulate how your strategy performs over time.
          Go Live with Small Capital
              Monitor fill prices, fees, and trade execution
              Enable alerts (Telegram, Slack, email)
              Log all actions for future tweaks

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      How to Choose the Right Bot?
      Not all bots are created equal. Your technical experience, risk tolerance, and trading goals will determine the ideal choice.
      Platform    Ideal For    Notes
      Pionex    Beginners    Free, simple DCA/grid strategies
      Stoic    Passive investors    Automated quant strategy
      Trality    Devs    Python scripting + visual builder
      Freqtrade    Tech-savvy users    Fully open-source & customizable
      3Commas    All-around    Smart trading UI, multi-exchange
      Jesse AI    Coders    Custom strategies & deep backtests

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      Trality and Freqtrade let you import your own machine learning models, offering maximum flexibility.

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      Common Pitfalls to Avoid
      Even the smartest AI won't save you from user mistakes. Here's what to watch out for:
         

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      Over-optimized Backtests: If it only works on old data, it won't hold up live.
         

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      Blindly Trusting Marketplace Bots: Always customize and test first.
         

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      Neglecting Risk Controls: Never skip stop-losses or position sizing.
         

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      Forgetting About Fees & Slippage: Test real execution costs with tools like Jesse or Freqtrade.
         

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      No Monitoring: Set up alerts to catch failures early.
         

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      Using Too Much Leverage: Especially on Bybit or Binance Futures — be cautious!
         

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      Wrong Strategy for the Market: Don’t use breakout bots in ranging markets. Match your strategy to the current trend.

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      The Future of AI in Crypto Trading
      AI crypto trading is evolving fast.
         

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      Reinforcement Learning is replacing static rule sets — bots learn and evolve live.
         

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      LLMs (like ChatGPT) are being used to interpret news, tweets, and economic statements — transforming them into actionable trading signals.
         

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      On-Chain AI: Tools like Fetch.ai build autonomous agents that execute DeFi trades and participate in governance without human input.
         

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      Cloud AI Pipelines: Platforms like Google Vertex AI and AWS SageMaker are now part of live-trading systems.
      We're entering a world where bots not only react but reason. From Discord chatter to SEC filings, AI agents will trade on narratives and headlines — not just price charts.

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      Final Thoughts
      AI trading bots are not magic money printers, but when used with discipline, they can be powerful allies in the crypto market. Whether you're automating a DCA strategy or deploying neural networks, strategy + safety + supervision = success.

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      11.4k views

      IOTA Set to Launch Major Rebased Protocol Upgrade in Two Weeks

      IOTA, the layer-1 blockchain network, is gearing up to implement a significant upgrade known as the Rebased Protocol on May 5, 2025. This upgrade marks a historic shift as the network transitions from the Stardust framework to the innovative IOTA network.
      The development team asserts that the upcoming Rebased Protocol will represent the blockchain's "largest, most intricate, and most crucial upgrade to date." Several key features of the protocol are highlighted, promising immediate benefits upon launch.
      Among the notable enhancements is the Mysticeti consensus protocol, which aims to achieve exceptional scalability and rapid transaction speeds, facilitating a throughput of over 50,000 transactions per second and finality times under 500 milliseconds.
      Another pivotal change is the integration of smart contracts based on the Move programming language directly into the layer-1 network. This advancement will empower developers to create sophisticated, scalable, and secure decentralized applications (dApps). The IOTA network will be the third to implement the Move Virtual Machine (MoveVM), following similar offerings from Sui and Aptos.
      Additionally, the Rebased upgrade will introduce minimal transaction fees through an adaptive fee-burning mechanism. The new IOTA Gas Station feature will enable developers and businesses to cover transaction fees for their users, allowing them to conduct transactions without needing IOTA tokens.
      Furthermore, the network will evolve into a fully decentralized delegated Proof-of-Stake (DPoS) system, starting with 50 permissionless validator slots and expanding to over 150 slots over time. The initial validators for the IOTA Rebased Genesis include a range of organizations such as the IOTA Foundation, IOTA Ecosystem DLT Foundation, and several others.
      This upgrade follows a comprehensive process of governance voting, technical testing, and audits. During a governance vote in December, the IOTA community expressed strong support for the Rebased protocol upgrade proposal, confirming the shift from layer-1 to a Move-based object ledger.
      The migration to the new IOTA Rebased protocol is heralded as a significant milestone in the project’s journey, positioning it for increased adoption and new applications. The upgrade aims to attract institutional investors and even entire countries to its tokenization platforms, trade digitization services, trade finance, and digital identity solutions.
      IOTA also plans to enhance its Web3 ecosystem with advanced applications, including DeFi protocols, on-chain order book exchanges, supply chain solutions, and stablecoins.
      As for market performance, IOTA currently trades at $0.1727, having increased by 1% in the last day and 6% over the week. However, it has seen a decline of 6% over the past month and a significant 29% decrease year-on-year. The cryptocurrency's all-time high stood at $5.25 in December 2017, reflecting a staggering drop of 96.7% since then.

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      KuCoin's Strategic Move To Align With EU Crypto Regulations: Pursuing MiCA License In Austria

      In light of intensifying regulations across the European Union aimed at the cryptocurrency sector, leading exchanges are under increasing pressure to adapt to the Markets in Crypto-Assets (MiCA) framework. The latest move by KuCoin, a prominent global exchange, involves the establishment of a foothold in Vienna to leverage Austria’s regulatory advantages, paving the way for broader access to the vast European market of approximately 500 million users.
      KuCoin’s European arm, KuCoin EU Exchange GmbH, has initiated the application process for a MiCA license in Austria. This strategic decision underscores the company’s commitment to adhering to EU regulations as it aims to provide cryptocurrency services across the European Economic Area (EEA).
      With plans to utilize its cutting-edge technology and well-established global presence, KuCoin intends to roll out innovative crypto products customized for the European market. If granted, the MiCA license will empower the exchange to operate as a legitimate crypto-asset service provider within both the EU and the EEA.
      KuCoin EU Aims for MiCA License and Sets Up Vienna Headquarters
      As announced, securing the MiCA license will enable KuCoin EU to function as a compliant crypto-asset service provider, aligning its operations with the financial laws of Europe. The choice of Vienna as its regional headquarters is strategic, as Austria boasts a well-structured regulatory environment and a talent pool of experts in both the cryptocurrency and fintech industries.
       
       
      BC Wong, CEO of KuCoin, stated, “As a prominent player in the crypto exchange space, we prioritize regulatory compliance and enhancing the user experience. Establishing our European hub in Vienna and applying for the MiCA license is a significant achievement in our global strategy.”
      He further emphasized, “Upon receiving our license, we will provide secure and seamless crypto services to users across the EEA, reaffirming our dedication to a transparent and accountable digital asset ecosystem.”
      To lead the operations at KuCoin EU, the exchange has appointed two seasoned professionals: Oliver Stauber, previously the General Counsel and Managing Director at Bitpanda, as CEO, and Christian Niedermüller, a well-respected figure in the European crypto arena, as COO. Their combined expertise in financial regulations and exchange management will be instrumental in navigating the complex regulatory landscape.
      Austria's Pro-Crypto Regulatory Landscape Attracts Global Participants
      Austria is quickly becoming a pivotal player in the realm of cryptocurrency regulation. With the full implementation of the MiCA regulation—which was adopted in April 2023 and will take full effect by December 30, 2024—Austria offers a robust framework for firms seeking compliance.
      MiCA outlines standardized rules for crypto-asset issuers and service providers, mandating licensing for crypto asset service providers (CASPs) and ensuring adherence to transparency, consumer protection, and disclosure requirements.
      One of the significant benefits of this regulation is the "passporting" mechanism, allowing companies with a single EU license to operate in all 30 EEA member states without having to obtain individual national approvals.
      Several leading exchanges, including OKX, Crypto.com, and Bybit, have either secured or are in the process of acquiring their MiCA licenses. Moreover, in December 2024, the European Securities and Markets Authority (ESMA) called on organizations to address the issue of non-compliant stablecoins, such as Tether’s USDT, leading some exchanges to remove it from their listings.
      Boerse Stuttgart Digital Custody was the first firm to be awarded a MiCA license by BaFin in Germany, with other companies such as MoonPay, BitStaete, ZBD, and Hidden Road following suit in the Netherlands.
      Through MiCA, the EU aims to establish a streamlined and transparent regulatory framework for digital assets. As it stands, KuCoin's application is part of a collective effort by various international crypto firms aiming to solidify their presence in the European market. The outcome of the approval process will critically influence how swiftly the exchange can align with the region's regulatory standards and commence its operations under EU oversight.

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      Elon Musk’s Company X Discloses Shareholder List Featuring Bill Ackman, Binance, and Sean ‘Diddy’ Combs

      Elon Musk’s firm, X, has published its complete shareholder list as of June 2023, following a court mandate. This compilation reveals a distinctive array of prominent investors and influential figures from the tech sector who have supported Musk’s efforts to privatize the social media platform formerly known as Twitter.
      https:
      Diverse Support for Musk’s Venture
      Among the prominent investors are notable venture capital firms such as Andreessen Horowitz, Draper Fisher Jurvetson, and Sequoia Capital, all of which had previously backed Musk's acquisition.
      In addition to these giants, the list includes Oracle co-founder Larry Ellison and cryptocurrency leader Binance, showcasing the varied financial resources behind Musk's initiatives.
      Surprisingly, Sean “Diddy” Combs appears on the list through Sean Combs Capital, marking revealed involvement that had not been widely recognized prior to a report by the Daily Mail.
      Adding to the intrigue, activist investor Bill Ackman, known for his criticisms of institutional practices at elite universities, has made investments through the Pershing Square Foundation.
      Among the other noteworthy investors are Joe Lonsdale’s 8VC, a company purportedly linked to Russian oligarchs.
      Additionally, former Twitter co-founder Jack Dorsey and Saudi Prince Alwaleed bin Talal al Saud have converted their original investments in Twitter into stakes in X following Musk’s takeover.
      Legal Revelations and Insights
      This shareholder list was documented in a court filing dated June 9, 2023, but only made public recently following a legal motion by the Reporters Committee for Freedom of the Press, which supports journalist Jacob Silverman.
      In a blog post, Silverman emphasized that while many supporters were already recognized, the newly disclosed list offers invaluable insights without revealing specific ownership proportions. He noted that it serves as “a great starting point for journalists, researchers, regulators, activists, and anyone else wanting to understand the inner workings of this significant company.”
      Binance and Its Global Aspirations
      In May, India’s Financial Intelligence Unit (FIU-IND) announced that Binance had successfully registered with the regulatory body, marking its return to the country after overcoming certain legal obstacles.
      Prior to this, Binance had secured a license from VARA, Dubai’s regulatory authority, allowing it to serve both retail and institutional clients.
      According to Bloomberg, this licensing process required Binance’s founder and former CEO, Changpeng Zhao (CZ), to give up voting control of the Dubai operation.
      Moreover, Binance has recently launched a joint venture crypto exchange named Binance Thailand in collaboration with Gulf Innova, a subsidiary of Gulf Energy Development. Binance Thailand, or Binance TH, offers digital asset exchange services with trading options in Thai baht.
      Despite these advancements, Binance continues to face heightened regulatory scrutiny globally. Last year, the Commodity Futures Trading Commission (CFTC) filed charges against the exchange, alleging it operated an illegal digital asset derivatives exchange and evaded compliance with federal laws.
      Similarly, the U.S. Securities and Exchange Commission charged Binance Holdings LTD and Changpeng Zhao for purportedly running unregistered exchanges and broker services, as well as unlawfully offering and selling securities.

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      Twitter Customer Database Hacked

      On the evening of July 14th, 2020, Twitter users around the world were shocked to learn that the company had experienced a major security breach. According to reports, hackers had managed to gain access to the company's internal systems and had stolen a large amount of data, including user information and confidential data about the company itself. In this article, we will explore what happened in the Twitter database theft, its impact, and what can be done to prevent similar incidents in the future.
      The first indication that something was amiss came in the form of a tweet from the official Twitter account of the company. The tweet stated that the company was aware of a "security incident" and was investigating the matter. In subsequent tweets, the company acknowledged that a number of high-profile accounts had been compromised and that the hackers had used the accounts to post scam messages, soliciting bitcoin donations.
      As the details of the breach began to emerge, it became clear that this was no ordinary hack. According to Twitter, the hackers had used a sophisticated attack that targeted a small number of employees with access to internal systems and tools. Once inside the system, the hackers were able to access a wide range of data, including usernames, email addresses, phone numbers, and more. In some cases, they were even able to access the direct messages of high-profile accounts.
      The impact of the Twitter database theft was far-reaching. Not only were individual users affected by the loss of their personal information, but the hack also had implications for the security of the platform as a whole. The fact that the hackers were able to gain access to internal systems raised questions about the effectiveness of Twitter's security protocols and the measures that the company had in place to protect user data.
      In response to the hack, Twitter took swift action to address the issue. The company temporarily disabled the ability to tweet from verified accounts and required all users to reset their passwords. In addition, the company launched an investigation into the incident and worked with law enforcement agencies to identify and apprehend the individuals responsible.
      So, what can be done to prevent similar incidents in the future? One key step is to ensure that internal systems and tools are properly secured. This includes ensuring that access to sensitive systems is limited to a small number of trusted employees and that those employees are regularly trained on security best practices. In addition, companies should consider implementing multi-factor authentication for all users, which requires users to provide more than one form of identification before gaining access to sensitive data or systems.
      Another important step is to regularly review and update security protocols. Companies should regularly test their security systems and procedures to ensure that they are effective in preventing and detecting breaches. This may involve conducting regular vulnerability assessments, penetration testing, and other security tests to identify and address potential weaknesses in the system.
      Finally, it is important to educate users about the importance of good security practices. This includes encouraging users to use strong, unique passwords for all accounts, to enable multi-factor authentication wherever possible, and to be wary of phishing emails and other types of scams. Companies can also provide users with resources and tools to help them better understand security risks and how to protect themselves online.
      In conclusion, the Twitter database theft was a wake-up call for companies around the world about the importance of good security practices. While no system is completely foolproof, there are steps that can be taken to minimize the risk of breaches and protect user data. By implementing strong security protocols, regularly reviewing and updating security systems, and educating users about good security practices, companies can help to prevent similar incidents in the future and protect the privacy and security of their users.

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      1.6k views

      The Vanilla Drainer Scam: How a New Cyber Threat Stole $5M+ in Weeks

      A new and highly effective crypto-draining service known as Vanilla Drainer has stormed onto the dark web scene, orchestrating thefts exceeding $5.27 million in just a three-week period. This sophisticated operation highlights a worrying evolution in digital asset scams, proving that cybercriminals are continuously refining their methods to bypass security measures.
      Understanding the "Drainer" Threat

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      So, what exactly is a "drainer"? In simple terms, it's a malicious software kit sold to fraudsters on the dark web. These kits are designed to create convincing phishing websites that, when connected to a user's crypto wallet, can secretly authorize transactions, draining all their assets in seconds. Vanilla Drainer is the latest iteration of this threat, quickly gaining notoriety for its effectiveness and ability to fly under the radar.
      Vanilla Drainer's Rapid and Costly Rise

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      While the overall volume of crypto-draining scams has decreased since its peak in 2024—where nearly $500 million was stolen—new services like Vanilla are making a significant impact. According to blockchain investigator Darkbit, this particular drainer is quickly absorbing the user base of older services like Inferno Drainer and is responsible for a string of recent high-value thefts.
      One of the most devastating single events occurred on August 5, where a single victim lost a staggering $3.09 million in stablecoins. For providing the tools, the operators of Vanilla Drainer took a cut of approximately $463,000 from this heist alone.
      How the Scam Works: Bypassing Security and Cashing Out

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      Vanilla Drainer markets itself with a bold claim: the ability to bypass advanced security platforms like Blockaid. This is a key selling point for cybercriminals, as improved fraud detection has been a major hurdle for them.
      The financial arrangement is standard for the underground market: the creators of the drainer take a 20% commission on all successfully stolen funds. After taking their cut, the stolen tokens are typically converted into a blockchain's native currency (like Ethereum - ETH) or into Dai (DAI), a decentralized stablecoin that is much harder to trace and freeze compared to centralized alternatives like USDT or USDC. The fees are then funneled to a final wallet, which, at the time of the report, held over $2.23 million.
      A Disturbing Trend: Phishing Scams Are on the Rebound

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      The success of Vanilla Drainer is part of a larger, alarming trend. After a period of decline, phishing scams saw a massive rebound in July, with stolen amounts skyrocketing by 153% from the previous month to a total of $7.09 million. The number of individual victims also rose by 56%.
      To evade detection, Vanilla and similar services have adopted agile new tactics. As Darkbit notes, they are now "cycling through domains" and generating fresh malicious contracts for every phishing site, making it incredibly difficult for security systems to blacklist them effectively.
      The Eternal Game of Whack-a-Mole: Shut Down, But Never Gone

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      Perhaps the most frustrating aspect for investigators is the resilient nature of these drainer services. A public "shutdown" is rarely the end. A prime example is Inferno Drainer, which announced its retirement in late 2023 only to have its operations and tools resurface throughout 2024 and into 2025, being linked to over $9 million in losses in a six-month span.
      Vanilla Drainer's rapid growth and Inferno's persistence demonstrate a clear pattern: these criminal services don't die; they adapt, rebrand, and transfer ownership. The fight against them is a continuous cat-and-mouse game, requiring constant vigilance from both investors and security professionals.
       
       

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      CrediX Strikes Deal: $4.5M in Stolen Crypto Recovered

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      What Happened?
      Crypto lending and money market protocol CrediX has announced the recovery of $4.5 million worth of digital assets that were stolen in a recent exploit. The breakthrough came after the team reached a private agreement with the hacker responsible for the breach.
      According to blockchain security company Cyvers, the exploit occurred on Monday, when the attacker used a Tornado Cash–funded wallet to bridge the stolen funds onto the Ethereum network.

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      Settlement With the Exploiter
      In a rather unexpected twist, CrediX revealed that it negotiated directly with the attacker, who agreed to return the stolen funds. In exchange, the exploiter reportedly received a confidential payout from the project’s treasury.

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      The team also confirmed that the recovered assets will be distributed back to all affected users via airdrop within 48 hours.

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      Crypto Hacks in 2025 – A Growing Trend
      The CrediX incident adds to a growing list of major hacks this year. Blockchain intelligence firm CertiK reported that losses from exploits, scams, and hacks have already surpassed $2.47 billion in the first half of 2025.
      In Q2 alone, $800 million was lost across 144 separate incidents, although that was a 52% drop compared to Q1.
       
      Unfortunately, most projects never recover fully after such breaches. Research by Immunefi shows that nearly 80% of cryptocurrencies fail to regain their market value following a hack, which often causes more lasting damage than the theft itself.

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      Notable Cases
      July 2025: Another hacker returned $40M stolen from the GMX exploit after negotiating a $5M white-hat bounty.
      May 2024: A thief surrendered $71M from a wallet poisoning scam under pressure from investigators.
      SlowMist even tracked the CrediX attacker’s IP addresses to Hong Kong, which might have played a role in their decision to give up the funds.

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      Hackers Targeting Banks Too
      The threat isn’t limited to crypto. On July 5, 2025, Brazilian banking service provider C&M Software was hacked for $140M, affecting six connected financial institutions.
      Reports suggest that a C&M employee sold their login credentials for just $2,700, giving the hacker direct access to central bank systems and reserve accounts.

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      Final Thoughts
      The CrediX case shows that while hacks remain a massive problem in 2025, negotiated settlements may sometimes offer a path to partial recovery for victims. Still, relying on attackers’ goodwill is far from a sustainable solution — the crypto industry urgently needs stronger security measures to protect users and funds.

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      Nobitex Resumes Operations After Devastating Hack — What Crypto Users in Iran Should Know

      The largest Iranian crypto exchange, Nobitex, is slowly getting back on its feet after falling victim to a politically charged cyberattack. The incident, which caused an estimated $100 million in damage, has triggered a chain of security updates, policy shifts, and a phased return of services — but only for verified users.

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      Major Cyberattack Disrupts Iran’s Leading Crypto Platform
      Earlier this month, Nobitex was compromised by a cyberattack linked to the pro-Israel hacker collective Gonjeshke Darande. The attackers claimed responsibility for the breach and reportedly destroyed $90 million worth of digital assets, while also leaking the platform’s full source code.

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      The attack was not merely financial — it was a politically motivated strike, reflecting escalating tensions between Iran and Israel. Nobitex, known for being deeply integrated into Iran’s digital finance ecosystem, was targeted due to alleged ties to the Iranian government and malicious entities, according to the hackers.

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      Wallet Migration Underway – What Users Need to Know
      Nobitex has since confirmed that it is migrating to a new wallet infrastructure, urging users not to send any funds to old addresses:

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      Only users who have completed KYC (identity verification) will be allowed to access their wallets initially, with spot market traders prioritized in the recovery process.

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      Gradual Reopening – Withdrawals Start First
      According to a post published on X (formerly Twitter) on June 30, Nobitex announced that:
      Withdrawal services are now being re-enabled.
      Trading and deposits will return in phases, though no clear timeline has been offered yet.

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      Chainalysis Reveals Deeper Ties to Iranian Crypto Network
      A recent report from Chainalysis, a blockchain analytics firm, highlights Nobitex’s crucial role in Iran’s crypto economy:
      The platform processed $11 billion in inflows.
      By comparison, the next 10 largest Iranian exchanges handled only $7.5 billion combined.
      The report also suggested links between Nobitex and blacklisted or sanctioned groups, raising questions about its wider operations.

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      Iran Imposes New Crypto Restrictions Post-Hack
      In the wake of the breach, Iranian regulators have tightened restrictions on local crypto exchanges. All domestic platforms, including Nobitex, are now only permitted to operate during limited business hours: 10 AM to 8 PM.

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      State-Sponsored Cyber Warfare Accelerates in 2025
      The Nobitex incident is just one of many state-linked hacks that have escalated in 2025. According to security reports:
      North Korean groups are responsible for around 70% of global crypto-related losses this year.
      In February, North Korean attackers looted $1.5 billion from Bybit.
      AI-powered tools like ChatGPT are allegedly being used by these cybercriminals to craft sophisticated attacks, according to South Korean intelligence.

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      What This Means for Crypto in High-Risk Zones
      The Nobitex case serves as a sobering reminder of how politics and digital finance are increasingly intertwined. For users in regions with tense geopolitical climates, trust in crypto platforms is no longer just about security protocols — it's about political exposure.
      As the platform slowly comes back online, Iranian crypto users should stay cautious, avoid depositing to outdated addresses, and prioritize verification processes to ensure access to remaining funds.

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      Trump Media & Crypto.com Launch $250 Million ‘America-First’ Digital Asset ETF Suite

      On April 22, Trump Media and Technology Group announced a significant partnership with Crypto.com and Yorkville America Digital to create a suite of exchange-traded funds (ETFs) aimed at integrating digital assets with traditional U.S. investment sectors.
      These funds, branded under the Truth.Fi label, will offer investors exposure to both digital currencies and U.S.-focused industries like energy. The availability of these funds will be facilitated through Foris Capital US LLC, the broker-dealer division of Crypto.com, pending necessary regulatory approvals.
      Trump Media Ventures into Financial Products Through ETF Agreement
      This arrangement builds on a preliminary agreement made in March, with Davis Polk & Wardwell LLP providing advisory services for the structuring and launch of the funds.
      The partnership reflects Trump Media's broader strategy to delve into the financial services arena. Devin Nunes, CEO of Trump Media, remarked, “This agreement marks a significant advancement in diversifying TMTG’s offerings into financial services and digital assets. We are pleased to collaborate with esteemed partners, Crypto.com and Yorkville America Digital, and are eager to introduce ETFs for investors interested in both the American economy and the potential growth of digital assets.”
      Kris Marszalek, CEO of Crypto.com, referred to the deal as “a testament” to the company’s ability to bridge the gap between cryptocurrency and traditional financial infrastructure. Troy Rillo, CEO of Yorkville, noted that the funds would embody the firm’s America-first investment strategy.
      Crypto Platforms Embracing Traditional Financial Roles
      The initiative also includes plans for the parallel rollout of separately managed accounts. Trump Media has indicated its intention to invest in these products using internal funds managed by Charles Schwab, with a financial commitment of up to $250 million.
      This effort positions Trump Media to capitalize on the increasing institutional and retail demand for regulated digital investment opportunities. It exemplifies how politically affiliated enterprises are beginning to integrate financial services with digital tools as launching pads.
      By aligning digital assets with an “America First” investment philosophy, this fund suite seeks to resonate with investors’ sentiments, providing thematic exposure that reflects their beliefs. Furthermore, it showcases the evolving role of crypto infrastructure in supporting broader financial goals. With platforms like Crypto.com stepping into distribution roles traditionally occupied by established brokerages, new pathways are being developed that could bypass conventional financial institutions entirely.

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      Circle The First E-Money Issuer In The EU

      The First Company to Embrace EU Regulations
      Without any major surprises in the market, the first company to announce its compliance with regulatory standards in the EU is Circle. Its French subsidiary will launch the issuance of USDC and EURC in accordance with the upcoming EU regulatory framework for Markets in Crypto-Assets (MiCA). The company has obtained an Electronic Money Institution (EMI) license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR)—the French banking regulatory authority. This means that both USDC and EURC will be issued in the EU in compliance with the regulatory framework coming into effect on June 30, 2024.
      “Since its inception, Circle has been committed to building a durable, compliant, and well-regulated infrastructure for stablecoins. Our alignment with MiCA, one of the most comprehensive regulatory laws for cryptocurrencies worldwide, marks a significant step forward in bringing digital currency into widespread adoption. By closely working with French and EU regulators, we can now offer both USDC and EURC as fully compliant dollar and euro stablecoins in the European market, unlocking immense potential for digital assets to transform finance and trade.”
      — Jeremy Allaire, Co-founder and CEO of Circle.
      “Achieving compliance with MiCA through our French EMI license is a significant step forward, not only for Circle but for the entire digital financial ecosystem in Europe and beyond. As digital assets become increasingly integrated into mainstream finance, establishing robust and transparent frameworks is crucial for promoting trust and adoption. Today’s announcement further strengthens our commitment to building a more inclusive, compliant future for the internet of finance.”
      — Dante Disparte, Chief Strategy Officer and Head of Global Policy at Circle.
      As one of the leading stablecoins by market capitalization, USDC is currently the only stablecoin compliant with MiCA. This achievement highlights Circle's commitment to regulatory compliance for dollar and euro stablecoins. The company’s proactive approach to meeting high standards of security, transparency, and oversight will help promote the mass adoption of regulated digital currencies.
      What Does This Mean for the Average Consumer?
      This announcement is the result of a marketing twist from the most regulated stablecoin associated with BlackRock. For us—ordinary consumers navigating the secondary market—it may not seem extraordinary. According to EU regulations, companies like Circle should suspend the issuance of stablecoins if they meet two criteria: a trading volume exceeding one million transactions or a daily trading volume of 200 million euros. However, there’s a caveat: peer-to-peer (P2P) trading and crypto-to-e-money transactions do not count towards this definition.
      There is a significant possibility that, under these regulations, Tether (USDT) may not be able to comply. Additionally, the issue of staking stablecoins in Poland remains, as this license does not influence such activities. Let’s hope that the intellectuals in our home territory find a way to address that as well.
      In conclusion, Circle’s proactive stance represents a potential turning point for stablecoins in the EU, but it also raises important questions about how these regulations will affect other players in the market and the average consumer's engagement with digital currencies. As the cryptocurrency space evolves, the focus on regulatory compliance will likely dictate the future landscape of digital finance.

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      North Korean Hackers Deploy New macOS Malware Targeting Crypto Industry — What You Need to Know

      A Sophisticated New macOS Malware Threat Targets Web3 and Crypto Firms
      In a troubling development, North Korean hackers have stepped up their cyberoffensive with a brand-new malware strain designed specifically for macOS systems, targeting businesses in the Web3 and cryptocurrency sectors. Dubbed NimDoor, this advanced threat is written in the Nim programming language, a choice that complicates detection and analysis due to its unique code compilation process.
      Why Nim Language? A Game-Changer in Malware Development
      Unlike traditional programming languages, Nim compiles code in a way that blends runtime execution with the malware’s core logic, creating binaries that are harder for security tools to dissect. This technique effectively conceals malicious behavior, making reverse engineering a more difficult task.
      According to a recent report by SentinelLabs, NimDoor was initially detected during an April 2025 attack against a crypto startup. Since then, several cybersecurity companies have confirmed additional infections within the industry.
      How the Attack Unfolds: Social Engineering and Sophisticated Delivery
      SentinelLabs reveals that the attackers rely heavily on tried-and-true social engineering tactics to gain entry:
      Targets are approached via Telegram by impostor contacts.
      Victims are invited to schedule meetings through Calendly.
      Subsequently, they receive emails containing a Zoom meeting link and instructions to install a so-called “Zoom SDK update.”
      This Zoom update link actually leads to an AppleScript file hosted on domains mimicking official Zoom URLs. The script is padded with thousands of lines of whitespace to evade automated scans, ultimately fetching a secondary payload from attacker-controlled servers.
      Inside the Malware: Multi-Stage Payload with Persistence and Data Theft
      Once downloaded, NimDoor installs two Mach-O binaries into the system’s temporary folder:
      The first binary, crafted in C++, performs process injection to launch the trojan.
      The second, written in Nim and labeled as the installer, installs persistence mechanisms ensuring the malware remains active after reboots or termination attempts.
      The installer then drops two additional Nim-based components named GoogIe LLC and CoreKitAgent, which provide ongoing access and system surveillance capabilities.
      The malware also runs two scripts designed to exfiltrate data:
      The upl script collects login details and browsing histories from popular browsers such as Google Chrome and Firefox.
      The tlgrm script targets Telegram data specifically.
      All stolen information is compressed and sent to attacker-controlled servers disguised as secure upload portals.
      North Korea’s Expanding Cyber Toolset
      SentinelLabs points out that this isn’t the first time North Korean threat actors have leveraged less conventional programming languages to evade detection. Past campaigns included malware written in Go, Rust, and more recently, Crystal. Analysts anticipate increasing use of such uncommon languages as attackers seek to outpace conventional security measures.
      Context: Ongoing North Korean Crypto-Related Cybercrime
      This latest attack is part of a growing wave of cyber threats originating from North Korea. Earlier in 2025, hackers linked to a Lazarus Group subgroup targeted U.S. crypto developers with malware spread through fake companies like Blocknovas LLC and Softglide LLC—both shell organizations with fabricated addresses. The campaign used fraudulent job offers to distribute malware aimed at stealing crypto wallets and credentials.
      In response to escalating cyber risks, South Korea and the European Union agreed in May to enhance cooperation focused on combating North Korea’s cryptocurrency crimes. Officials emphasized the urgency of coordinated efforts amid a surge of cyberattacks.
      Alarming Figures: Cryptocurrency Theft Continues Unabated
      According to South Korean lawmaker Ha Tae-keung, North Korean hackers have stolen an additional $310 million in cryptocurrency from South Korean wallets since the infamous $2 billion heists documented by the United Nations in 2019. Meanwhile, blockchain analytics firm Chainalysis reported a staggering $1.3 billion in stolen crypto assets linked to North Korea in 2024 alone.
      Just days ago, the U.S. Department of Justice charged four North Korean nationals with stealing more than $900,000 by masquerading as remote IT workers at blockchain companies. The group exploited fake identities to alter smart contracts, facilitating thefts that allegedly fund North Korea’s weapons development programs.
      What Lies Ahead
      With cyber threats evolving rapidly and attackers adopting novel programming approaches like Nim, defending Web3 and crypto infrastructures demands heightened vigilance and innovation. The international community’s ability to coordinate across borders and sectors remains crucial to curbing these increasingly sophisticated attacks.

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      Best Companies To Help Secure DDOS Attacks Recommended By Techrooms.eu

      Distributed Denial of Service (DDoS) attacks have become a major concern for businesses of all sizes. These attacks can cause significant damage to a company's reputation, revenue, and online presence. As such, it's important to have a reliable anti-DDoS solution in place. In this article, we'll discuss some of the best anti-DDoS companies hosting that can help protect your business from these attacks.
      Cloudflare Cloudflare is one of the most popular anti-DDoS companies hosting on the market. It offers a suite of security services that includes DDoS protection, web application firewall (WAF), and content delivery network (CDN) services. Cloudflare's DDoS protection service uses a network of data centers around the world to filter incoming traffic and identify and block malicious requests. This ensures that your website remains accessible to legitimate users while keeping attackers at bay.
      In addition to DDoS protection, Cloudflare's WAF can also help protect your website from other types of attacks, including SQL injection, cross-site scripting (XSS), and more. The CDN service, on the other hand, helps improve website performance by caching content and serving it from the data center that is closest to the user.
      Akamai Akamai is another well-known anti-DDoS company hosting that offers a range of security services. Its DDoS protection service uses a combination of network-based and application-layer defenses to protect against attacks of all sizes and types. Akamai's network is one of the largest in the world, with over 300,000 servers located in more than 130 countries.
      In addition to DDoS protection, Akamai also offers other security services such as WAF, bot management, and security analytics. Its WAF can help protect against common web application attacks such as SQL injection, XSS, and more, while its bot management service can help detect and block automated attacks.
      Incapsula Incapsula is a cloud-based security company that specializes in DDoS protection and WAF services. Its DDoS protection service uses a combination of machine learning algorithms and human expertise to detect and block attacks in real-time. The service can handle both volumetric and application-layer attacks, ensuring that your website remains online and accessible to legitimate users.
      Incapsula's WAF service can also help protect your website from other types of attacks such as XSS, SQL injection, and more. The company also offers a range of other security services such as bot protection, API security, and security analytics.
      Radware Radware is a cybersecurity company that offers a range of security solutions, including anti-DDoS services. Its DDoS protection service uses a combination of on-premise and cloud-based defenses to protect against attacks of all sizes and types. Radware's DDoS protection can also be integrated with its WAF and bot management services for a comprehensive security solution.
      Radware's WAF can help protect against common web application attacks such as XSS, SQL injection, and more, while its bot management service can help detect and block automated attacks. The company also offers a range of other security services such as SSL protection, DNS protection, and more.
      Fortinet Fortinet is a cybersecurity company that offers a range of security services, including anti-DDoS solutions. Its DDoS protection service uses a combination of network-based and application-layer defenses to protect against attacks of all sizes and types. Fortinet's DDoS protection can also be integrated with its WAF and bot management services for a comprehensive security solution.
      Fortinet's WAF can help protect against common web application attacks such as XSS, SQL injection, and more, while its bot management service can help detect and block automated attacks. The company also

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      Binance Facing Legal Action by SEC: Implications for the Crypto Market

      Introduction:
      In recent news, the United States Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, one of the world's largest cryptocurrency exchanges. The legal action taken by the SEC carries significant implications for both Binance and the broader crypto market. This article aims to shed light on the details of the case and explore the potential consequences for the exchange and the cryptocurrency industry as a whole.
      Background:
      Binance, founded in 2017, quickly rose to prominence as a global leader in the cryptocurrency exchange space. With its wide array of trading options and extensive coin offerings, the platform has attracted millions of users worldwide. However, its rapid growth and expanding services have also drawn increased regulatory scrutiny.
      The SEC Lawsuit:
      The SEC alleges that Binance has violated securities laws by offering and selling digital asset securities to U.S. investors without proper registration. The complaint suggests that Binance allowed users to trade securities that qualify as securities under U.S. law, yet failed to meet the necessary regulatory requirements. The SEC claims that Binance's actions have caused substantial harm to U.S. investors, thereby necessitating legal action to protect their interests.
      Potential Consequences:
          Regulatory Impact: The SEC's lawsuit against Binance sends a strong message to other cryptocurrency exchanges operating in the U.S. market. It highlights the regulatory agency's intent to enforce securities laws in the crypto sphere. As a result, exchanges may face increased scrutiny and stricter compliance requirements.
          Investor Confidence: The legal action raises concerns about the level of investor protection within the crypto market. While regulatory oversight is crucial for safeguarding investors, the lawsuit against Binance could dent confidence in the industry as a whole. Investors may become more cautious, potentially affecting trading volumes and market sentiment.
          Market Volatility: Binance's legal battle with the SEC has the potential to introduce increased volatility into the crypto market. Uncertainty surrounding the outcome of the lawsuit and its implications for Binance's operations could result in short-term price fluctuations and heightened market turbulence.
          Industry Regulation: The lawsuit highlights the need for clearer regulations surrounding cryptocurrencies and exchanges. It may prompt policymakers to expedite the development of comprehensive regulatory frameworks to address the challenges posed by digital assets. Such regulations could provide greater clarity for market participants, potentially fostering long-term stability and investor confidence.
      Conclusion:
      Binance's legal battle with the SEC marks a significant development in the regulation of the cryptocurrency industry. The outcome of the lawsuit will likely have far-reaching implications for Binance and other exchanges, as well as the broader crypto market. As regulators worldwide grapple with the evolving nature of digital assets, it is crucial to strike a balance between investor protection and fostering innovation. The outcome of this case will serve as a pivotal moment in shaping the future of the cryptocurrency landscape.

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      Barclays Bans Crypto Purchases via Credit Cards Starting Last Friday – What It Means for UK Users

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      In a surprising yet calculated move, Barclays has announced that starting Friday, it will block all cryptocurrency-related transactions made through its Barclaycard credit cards. This decision is making waves across the UK, as discussions heat up on whether buying crypto with credit cards should be allowed at all.

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      Why Is Barclays Blocking Crypto Transactions?
      According to official information from Barclays’ website, the bank is concerned about the extreme price volatility of cryptocurrencies and the lack of regulatory protection for users. In a public statement, Barclays explained:

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      Additionally, the bank pointed out a significant legal gap:

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      When asked for further comments on the matter, a Barclays representative declined to elaborate.

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      A History of Crypto-Friendly Policies – Now Reversed
      Since 2018, Barclays has permitted crypto transactions through its credit cards, allowing users to buy digital currencies on popular exchanges. As of last year, Barclays was managing over five million credit card accounts in the UK alone.
      But this decision marks a complete reversal, and it aligns with a broader national conversation around the risks of using credit for speculative financial activities.

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      UK Financial Watchdog Steps In
      On May 2nd, the Financial Conduct Authority (FCA) released a discussion paper, asking whether restrictions on crypto purchases using credit should be enforced more broadly:

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      This paper has intensified the ongoing regulatory debate, especially as banks start taking individual action ahead of government mandates.

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      Payments Association Pushes Back Against FCA’s Suggestion
      The Payments Association, a London-based industry group, has voiced strong opposition to these restrictions. In a formal response to the FCA, they argued that such limitations may create unfair comparisons between cryptocurrency investments and gambling:

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      The Association also emphasized that controls are already in place to limit high-risk purchases using credit, and for some individuals, credit cards may be the only viable payment option if banks block cash-based transactions.

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      Credit Card Crypto Transactions = Higher Fees?
      It’s worth noting that purchasing cryptocurrency with a credit card often involves hidden costs. As reported by Bankrate, many credit card companies classify such transactions as cash advances, resulting in:
      Higher interest rates
      Immediate transaction fees
      No grace period for repayment
      These financial penalties only add to the risk profile Barclays and regulators are concerned about.

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      Final Thoughts
      Barclays’ decision is a major turning point in the UK’s evolving stance on crypto accessibility. While some see it as a necessary step to protect consumers from risky debt, others argue it’s a step backward for financial freedom.
      This development could be a precursor to broader restrictions, especially if the FCA decides to move forward with tighter regulations in the coming months.

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      The $3.5B Bitcoin Mega-Heist That Stayed Hidden for Years

      In a shocking revelation, blockchain intelligence firm Arkham has retroactively uncovered what is now recognized as the largest cryptocurrency theft in history. The massive hack, which occurred in 2020, went unnoticed publicly for years — neither the victims nor the hackers ever disclosed it.

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      The Hidden Hack
      According to Arkham’s latest findings, the Chinese mining pool LuBian was targeted on December 28, 2020, when hackers successfully drained 127,426 Bitcoin (BTC) — worth roughly $3.5 billion at the time.
      To put this into perspective: the stolen sum represented about 90% of LuBian’s total BTC holdings. The mining pool managed to salvage only 11,886 BTC by moving it into recovery wallets.
      Despite the staggering scale of the theft, the incident was never reported publicly. Arkham’s research team only revealed it recently in their investigation.

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      How the Hack Worked
      In a rather unusual move, LuBian later sent 1,516 on-chain OP_RETURN messages to addresses linked with the hacker. These embedded notes cost the pool approximately 1.4 BTC in transaction fees.
      Arkham analysts believe that the breach stemmed from LuBian’s flawed private key generation system:

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      Today, those stolen Bitcoin would be worth an eye-watering $14.5 billion — underscoring how critical robust cryptographic security and safe key management are for crypto holders.

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      Bigger Than ByBit and Other Notorious Hacks
      Until now, the February ByBit hack — which resulted in a $1.5 billion loss — had been considered the largest crypto attack in history. According to cybersecurity firm Mandiant, that breach was caused by malware on a developer’s computer, which gave attackers unauthorized access through stolen AWS tokens.
      Other major incidents include:

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      In April 2025, a senior individual was scammed into losing $330 million in BTC via a social engineering scheme. The funds were laundered through 300 different wallets, though only $7 million was frozen immediately. The ByBit case and other well-known hacks now pale in comparison to the scale of LuBian’s loss.

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      What This Means for Crypto Security
      The LuBian hack serves as a harsh reminder for everyone in the crypto ecosystem:
      Always use strong, verifiable random number generators for private key creation.
      Never rely on outdated algorithms that may be brute-forced.
      Adopt multi-layered security strategies including hardware wallets, air-gapped systems, and ongoing audits.
      As the value of stolen funds continues to rise, so does the sophistication of attacks. This incident highlights that even industry giants can fall victim when cryptographic foundations are weak.

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      Activision Hacked In 2021

      In early 2021, Activision, one of the world's largest video game publishers, experienced a major hack that compromised the personal data of thousands of users. The attack was first reported by Vice's Motherboard, which obtained a copy of the ransom note left by the hackers. The note demanded a ransom payment of $4,000,000 in exchange for the stolen data, which included email addresses, passwords, and other sensitive information.
      The hack was carried out by a group of hackers who called themselves "The Suffering." According to Motherboard, the group gained access to Activision's systems by exploiting a vulnerability in the company's virtual private network (VPN). Once inside, the hackers were able to steal a large amount of data from Activision's servers, including information about the company's upcoming games and user data.
      The Suffering also claimed to have access to the source code for some of Activision's most popular games, including Call of Duty: Modern Warfare and Warzone. While Activision has not confirmed this claim, the company did acknowledge that the hack had occurred and that user data had been compromised.
      In response to the hack, Activision issued a statement saying that it takes the security of its systems and the privacy of its users "very seriously." The company also said that it had taken steps to address the vulnerability that was exploited in the attack and that it was working with law enforcement to investigate the incident.
      Activision also advised its users to change their passwords and enable two-factor authentication on their accounts as a precautionary measure. The company also said that it would provide additional updates on the situation as more information became available.
      The hack of Activision is just the latest in a string of high-profile cyber attacks that have affected companies and organizations around the world. These attacks have highlighted the growing importance of cybersecurity in today's digital age, and the need for companies to take proactive measures to protect their systems and data from potential threats.
      One of the biggest challenges facing companies like Activision is the sheer scale of their operations. With millions of users and a vast network of servers and systems, it can be difficult to identify and address potential vulnerabilities before they can be exploited by hackers.
      To address this challenge, many companies are turning to artificial intelligence and machine learning tools to help them monitor their systems and identify potential threats in real-time. These tools can analyze vast amounts of data and identify patterns that may indicate a potential attack, allowing companies to take action before any damage is done.
      Another key component of effective cybersecurity is employee training and awareness. Many cyber attacks are the result of human error, such as employees falling for phishing scams or using weak passwords. By educating employees about best practices for online security, companies can reduce the risk of these types of incidents and strengthen their overall cybersecurity posture.
      Ultimately, the hack of Activision serves as a reminder of the importance of cybersecurity in today's digital world. As the frequency and complexity of cyber attacks continue to grow, companies must remain vigilant and take proactive measures to protect their systems and data from potential threats.

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      Cloud Mining vs Staking in 2025: Which Path Brings Better Crypto Rewards?

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      Introduction
      In 2025, cloud mining and crypto staking are two of the most talked-about methods of generating passive income in the digital asset world. While often mentioned together, they are fundamentally different approaches:
      Cloud mining means renting remote computing power for Bitcoin (or other crypto) mining.
      Staking involves locking tokens into a proof-of-stake (PoS) blockchain to help secure the network and earn rewards.
      Both can be profitable, but they come with very different levels of risk, cost, and sustainability. Let’s dive deeper.

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      How Cloud Mining Works in 2025
      Cloud mining allows investors to take part in Bitcoin or Ethereum mining without buying or maintaining expensive ASIC hardware.
      Instead of setting up machines, you simply purchase a contract from a provider. Your share of the mining hash power generates crypto rewards — reduced by fees for energy and maintenance.
      In 2025, leading platforms include:
      MiningToken – Swiss-based, compliance-focused, using renewable energy and AI-driven allocation. Contracts can last as little as one day.
      ECOS – Based in Armenia’s Free Economic Zone, offers a full suite of services: wallets, ROI calculators, and contracts starting at just $50.
      NiceHash – A hash-power marketplace where users buy or sell computing power dynamically. Fees average around 3%.

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      Typical returns: 5%–10% APR for Bitcoin cloud-mining contracts.

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      But beware: high-risk offerings (often tied to XRP) advertise 100%–800% APR, which usually resemble Ponzi schemes rather than real mining operations.

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      Eco-friendly mining farms powered by renewable energy are becoming more common, but cloud mining still faces criticism over centralization and environmental impact.

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      How Staking Works in 2025
      Proof-of-stake (PoS) has become one of the most popular passive income strategies. Token holders lock their crypto into a blockchain network to validate transactions and keep it secure.
      Options include:
      Running your own validator node (technical, higher entry).
      Delegating tokens to trusted validators, earning rewards minus a small commission.

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      Traditionally, staked tokens were locked for weeks, but liquid staking solutions (like Lido or Marinade) now provide derivative tokens (e.g., stETH, mSOL), which keep your assets liquid while still earning rewards.

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      Staking yields in 2025:
      Ethereum: ~3% APY
      Solana: 6%–8%
      Cardano: 4%–6%
      Cosmos: up to 18% (typically ~6% via exchanges)
      NEAR: 9%–11%
      Compared to cloud mining, staking offers steadier returns. Risks include validator downtime, “slashing” penalties, and token price drops. However, the industry is far more mature now, with regulated staking providers offering custody, audits, and even insurance.

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      Smaller PoS networks like Injective, SEI, or SUI offer double-digit rewards but come with higher volatility and lower liquidity.

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      Profitability: Cloud Mining vs Staking
      Here’s a quick comparison for 2025:
      Cloud Mining
      Returns: 5%–10% APR (legit providers)
      Risks: Platform collapse, scams, environmental concerns
      Liquidity: Locked until contract ends
      Staking
      Returns: 3%–11% APY depending on the chain
      Risks: Token price swings, slashing, validator downtime
      Liquidity: Delays with unbonding, though liquid staking offers flexibility

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      XRP-linked cloud mining promises 100%–800% APR → extremely risky, often scams.

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      Investor Profiles – Which Is Best for You?

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      Beginners / Low-tech users
      Cloud mining: Simple entry point (no hardware, no node setup). Typical 5%–10% APR.
      Staking: Easy via exchanges or liquid staking. ~3% on ETH, ~7% on SOL.

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      High-risk, high-reward seekers
      Some chase speculative XRP cloud mining returns (not advised).
      Safer bet: staking Cosmos, Polkadot, or NEAR with 15%–20% potential yields.

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      Institutions & compliance-focused investors
      Cloud mining lacks clear regulation and custody frameworks.
      Staking wins here: providers now include audits, KYT/KYB checks, insured custody.

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      Sustainability-minded investors
      Cloud mining = energy-intensive, still criticized.
      Staking = eco-friendly, aligns with ESG principles.

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      Other Key Factors to Consider
      Taxation: Rewards from both are usually taxed as income; later sales may trigger capital gains. In the UK, HMRC actively monitors exchange and mining data.
      Market volatility: All payouts are in crypto — sharp swings can wipe out fiat gains.
      Liquidity: Mining rewards are daily, but contracts tie up funds. Staking unbonding varies (except liquid staking, which offers faster exits).
      Reliability: Look for audited, transparent providers with uptime guarantees. Reliable staking providers are becoming common; mining transparency remains rare.

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      Fun fact: On Cosmos, delegators can “redelegate” without waiting through an unbonding period — switching validators instantly without losing rewards.

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      Conclusion
      The decision between staking vs mining in 2025 depends on your profile:
      Conservative users may prefer staking for its stability and eco-friendly nature.
      Adventurous investors might explore cloud mining but should beware of unrealistic ROI promises.
      Institutions are leaning toward staking due to compliance, audits, and custody solutions.
      Ultimately, staking is emerging as the sustainable, regulated future of passive crypto income, while cloud mining remains attractive only in specific, well-audited setups.

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      Pump.fun Under Fire: $5.5B Lawsuit Claims Solana Meme Platform Is an “Unlicensed Casino”

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      Explosive Accusations Rock the Meme Coin World
      The Solana-based token-launch platform Pump.fun has landed in legal hot water, with a sweeping class action lawsuit filed in the Southern District of New York. Plaintiffs claim that the platform operates as an unlicensed, crypto-fueled casino, disguising speculative gambling as meme coin investing.

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      Estimated damages range between $4 billion and $5.5 billion, while Pump.fun is reported to have generated over $722 million in revenue—largely from user losses.

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      "Pump Empire" or Coordinated Crime Syndicate?
      The lawsuit names Baton Corporation—Pump.fun’s operator—along with its founders Alon Cohen, Dylan Kerler, and Noah Bernhard Hugo Tweedale, and executives from Solana Labs, the Solana Foundation, and Jito Labs.

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      Plaintiffs Diego Aguilar, Kendall Carnahan, and Michael Okafor accuse them of forming a “Pump Enterprise,” allegedly operating as a racketeering organization under the RICO Act.

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      According to the complaint, Pump.fun acts like a slot machine in disguise, allowing users to deposit SOL tokens for unpredictable returns, with no KYC (Know Your Customer) or age verification in place—effectively making it accessible to minors.

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      Rigged Odds and Questionable Practices

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      Jito Labs is accused of "rigging the game" by prioritizing lucrative transactions and bundling them using Maximal Extractable Value (MEV) strategies—effectively giving high bidders preferential treatment.

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      Solana Labs and the Solana Foundation are said to enable this system by providing blockchain infrastructure and profiting from validator fees and block space sales tied to each trade.

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      The lawsuit also calls out the “fair launch” narrative as a smokescreen, alleging that insiders could front-run new tokens via Jito’s backdoor access.

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      In addition, some meme tokens are accused of violating intellectual property laws by mimicking major brands (e.g., Apple, Tesla, Meta) and celebrity names without permission.

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      Shockingly, North Korean cybercriminal group Lazarus is also mentioned, allegedly laundering $1.08 million through the platform.

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      Platform Profit Built on User Losses
      Reports show that since May 2024, Pump.fun has earned around $741 million in fees, offloading over 4.1 million SOL tokens through Kraken Exchange.

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      A staggering 99.6% of users—from a pool of 13.55 million trader addresses—failed to earn more than $10,000 in profits.

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      The platform takes a 1% fee on every trade, recently adding a 0.05% profit-sharing feature for token creators. Despite this, users continue to bear the brunt of losses.

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      In 2024 alone, Pump.fun pulled in over $400 million in trading fees, while Jito Labs reportedly collected $633 million in user tips, becoming one of Solana’s top profit-generators.

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      Jito also operates the “Jito-Solana Block Engine,” selling priority transaction slots and capturing MEV for stakers.

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      As Solana's value soared over 1,000% from 2022 to late 2024, Solana Labs and the Solana Foundation—who hold massive SOL reserves—reaped significant rewards from heightened activity.

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      Unregistered Securities & User Losses
      The lawsuit identifies 20 tokens, including StakeCoin, QuStream, DeepCore AI, and Apex AI, as unregistered securities.
      These tokens were allegedly marketed with promises of real-world use and future value, but without SEC registration or proper disclosure of investment risks.

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      Lead plaintiff Michael Okafor says he lost $242,076 on tokens that later collapsed.

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      Despite daily launches of 27,000+ tokens, most are considered low-value and high-risk—a formula that keeps the house winning while retail investors lose.

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      PUMP Token’s Disastrous Launch
      In July 2025, Pump.fun introduced its native token $PUMP, which quickly crashed by 30% within 24 hours, from a peak of $0.0072 to $0.005.

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      The drop was largely attributed to whale shorting and weak retail confidence.

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      Within days, $PUMP sank to $0.0031, as early investors dumped their holdings, resulting in collective losses exceeding $1 million.

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      Founder Alon Cohen’s announcement that no airdrop was planned only worsened sentiment, causing a 14% drop in a single day.

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      Social Media Suspensions & Rising Competition
      In June 2025, X (formerly Twitter) suspended both Pump.fun’s official account and Cohen’s personal account, sparking rumors of upcoming SEC investigations.

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      The platform also faces multiple suits accusing it of illegally selling unregistered securities disguised as meme coins.
      Meanwhile, competitor LetsBonk has captured 44.87% of daily meme coin activity, slightly edging out Pump.fun's 43.73% share.

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      Legal Remedies Sought by Plaintiffs
      Plaintiffs are pushing for:

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      Class action certification

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      Compensatory and treble damages under RICO laws

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      Appointment of a federal equity receiver

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      A permanent ban on defendants running similar platforms without licenses or compliance systems

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      TL;DR Key Points

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      $5.5B class action filed against Pump.fun

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      Accused of operating a “meme coin casino” without oversight

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      Jito Labs allegedly manipulated transactions

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      Solana-based ecosystem profited despite user losses

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      Platform failed to verify user age or identity

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      Native token crashed 50% shortly after launch

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      Suspensions hint at regulatory trouble

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      Lawsuit demands strict penalties and oversight

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      Velocore DEX Hit by $10 Million Flash‑Loan Exploit on zkSync & Linea

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      Quick Summary
      What occurred: A critical flash‑loan exploit drained about $10 million from Velocore DEX, which runs on zkSync Era and Linea.
      Targeted assets: Volatile liquidity pools, particularly those using the CPMM model.
      Immediate impact: Over 700 ETH (roughly $6.9 million) funneled through Tornado Cash to hide tracks.

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      The Breach: How the Hacker Pulled It Off
      Attack vector: The attacker executed a flash-loan attack—borrowing a large amount briefly—and manipulated the fee-logic in Velocore’s CPMM pools to miscalculate balances, enabling massive unauthorized withdrawals.
      Assets drained: Close to 700 ETH and ~1.5 million USDT, later consolidated into about 1,807 ETH (~$6.9 M), then sent through Across Protocol and Tornado Cash to obfuscate origin.

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      Immediate Defensive Measures
      Linea responded by pausing block production temporarily to halt the attack and investigate the flaw.
      Velocore clarified that its stablecoin pools remained unaffected and users could still withdraw funds from them.

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      Ongoing Recovery & White‑Hat Bounty Offer
      Coordination efforts: Velocore is working alongside security experts (e.g., Hacken, Zokyo, Scalebit, Hexagate, Hypernative) and has asked CEXs to freeze stolen funds.
      White-hat incentive: An on-chain message offered a 10% bug bounty if the hacker returns the remaining loot by June 3.
      *Investigation: They’ve initiated tracking of exploiter wallets and set up post-mortem reviews to reinforce security.

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      Broader Implications for DeFi
      Smart contract vigilance: Even audited protocols (Velocore had audits from Zokyo, Hacken, Scalebit) can be vulnerable due to complex fee logic and boundary check failures.
      Flash‑loan threat: These attacks are on the rise, exploiting briefly funded but powerful operations—bridging assets and exploiting transient loopholes.
      Cross‑chain laundering: The route through Tornado Cash highlights how stolen funds are quickly disguised across chains.

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      Advice for DeFi Participants
      Exercise caution with new or volatile liquidity pools—use small trial deposits first.
      Monitor dev announcements for contract changes, bounties, or recovery plans.
      Avoid storing large assets in freshly deployed or audited-but-risky environments.
      Stay informed via security forums and on-chain scanning tools for suspicious fund flows.

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      Takeaways & Moving Forward
      Even matured DeFi platforms aren’t immune—comprehensive audits aren't enough without rigorous logic testing.
      Breaches like these erode user trust in zk-rollup ecosystems, prompting calls for more robust security frameworks.
      Community-driven initiatives—bounties, transparent reporting, collaboration with CEXs—can help contain damage and perhaps recover assets.

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      Greece Freezes Crypto for the First Time After $1.5 Billion Bybit Hack – How North Korean Hackers Got Caught

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      Major Breakthrough in Crypto Crime: Greece Freezes Digital Assets
      In a landmark moment for crypto security, Greek authorities have successfully frozen cryptocurrency assets tied to the infamous $1.5 billion Bybit hack. This marks the first time ever Greece has carried out such an action, directly targeting the funds linked to North Korea’s notorious Lazarus Group – a name well-known in the world of cybercrime.
      Thanks to advanced forensic tools like Chainalysis Reactor, investigators traced the stolen crypto despite the hackers’ complex laundering strategies designed to obscure their trail.

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      How Did They Do It? A Play-by-Play of the Investigation
      The probe began after Greek anti-money laundering units noticed suspicious transactions months after the Bybit attack took place.
      Using blockchain visualization tools they acquired in 2023, investigators tracked the movements of stolen funds, pinpointing a wallet directly tied to the February 2025 hack.
      By the time Greece stepped in, 32.78% of the $1.4 billion haul remained traceable, 62% had vanished into the dark web’s abyss, and just over 5% was successfully frozen.

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      Chainalysis Exposes Lazarus’ Playbook
      Through meticulous blockchain tracing, investigators discovered that the Lazarus Group laundered the stolen Ethereum (ETH) through a dense web of transactions aimed at confusing law enforcement.
      Chainalysis also confirmed that the initial compromise happened via social engineering attacks, targeting cold wallet signers to manipulate multi-signature protections.
      <foto>
      Bybit’s CEO, Zhou, described the moment as a nightmare — initially believing 30,000 ETH worth $82 million had been stolen before realizing the real loss: 401,000 ETH worth $1.4 billion.
      Within hours of the breach, Bybit processed a staggering 350,000 withdrawal requests, attempting to maintain customer confidence through transparency and swift action.
      Meanwhile, the hackers were moving fast — using mixers, bridges, and decentralized exchanges to hide their tracks.

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      Where Did the Money Go?
      Analysts confirmed 86.29% of the stolen funds had been transformed into over 12,800 Bitcoin, spread across 9,100+ wallets via obfuscation tools like Wasabi, Tornado Cash, CryptoMixer, and Railgun.

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      Germany Follows Suit with €34M Crypto Seizure
      While Greece made headlines, Germany also took action, seizing €34 million ($38M) from the notorious eXch platform as part of its own investigations into laundering proceeds from the Bybit breach.
      This marked Germany’s third-largest crypto seizure ever, effectively shutting down a service notorious for helping criminals hide funds. Authorities discovered eXch had handled over €1.75 billion ($1.9B) in crypto transactions linked to illegal activities.
      Despite officially claiming a shutdown in April, eXch continued operations secretly through backend APIs.
      TRM Labs revealed Lazarus and other criminal groups used signature mixing pools within eXch to continue hiding funds even after regulators flagged the platform.

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      The Bigger Picture: Crypto Crime Isn’t Slowing Down
      These high-profile recoveries are part of a larger international effort to tighten the net around crypto-based laundering.
      However, cybercrime in the blockchain space continues:
      Taiwan’s BitoPro: Lost $11.5M through exposed wallets in system upgrades.
      Brazil’s C&M Software: Victim of a $40M laundering incident.
      Iran’s Nobitex Exchange: Confirmed a $73M hack that escalated to $90M stolen.
      GMX DEX (Decentralized Exchange): Today reported a suspected $42M exploit.

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      Bybit’s Response: Bounties on Stolen Funds
      In response, Bybit has launched a bounty program offering up to 10% rewards on recovered assets, totaling potential payouts of up to $140 million.
      This proactive stance shows how exchanges are learning to protect not just their platforms but also their reputations in an increasingly hostile digital world.

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      Final Thoughts
      The cryptocurrency world is rapidly evolving, and with it, the tools law enforcement uses to fight back.
      This case shows the growing maturity of blockchain analytics and international collaboration in tackling cybercrime.
      However, vigilance remains key — especially as state-sponsored groups like Lazarus adapt to new defenses.

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      Crypto Malware Surge 2025: Scammers Pose as AI & Web3 Startups to Drain Your Wallets!

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      Scammers Exploit AI & Web3 Hype to Spread Sophisticated Crypto Malware
      A fresh wave of highly advanced crypto-stealing malware is sweeping across the web, as cybercriminals increasingly disguise themselves behind fake AI, Web3, and gaming startups. These fraudsters leverage the excitement surrounding future technologies to lure unsuspecting victims into downloading malicious software under the guise of testing “innovative apps.”
      Cybersecurity firm Darktrace has issued a stark warning: these scams are carefully crafted social engineering campaigns, weaponizing the trust people place in startup culture.

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      Fake Companies, Real Losses
      The attackers have gone to extreme lengths to make their phony companies look legitimate. They build fake websites, polished GitHub pages, social profiles, whitepapers, and even detailed fake “About Us” team pages — sometimes hosted on platforms like Notion.
      To boost credibility, they often tie these sites to seemingly authentic or compromised X (formerly Twitter) accounts, regularly posting fake updates, blogs, and announcements to reinforce their lies.

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      Gaming & AI Used as Bait
      One of the fraudulent projects uncovered was a fake blockchain game called Eternal Decay. Its creators fabricated screenshots of alleged conference appearances and made up investor lists. The stolen in-game visuals were traced back to an entirely unrelated game, Zombie Within.
      Other fake brands linked to these schemes include:
      Pollens AI
      Swox
      Buzzu
      All these “startups” share similar branding, design, and backend code, further proving this is a coordinated scam.

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      How the Malware Infects You
      Victims are typically contacted through X, Telegram, or Discord, where scammers pretend to be startup employees offering rewards like crypto in exchange for testing new software. Users receive a registration code and a link to a professional-looking download page — but the apps are loaded with malware.
      Darktrace’s analysis identified malware targeting both Windows and macOS systems:
      Windows: The malware uses Electron-based apps to gather device data, silently download malicious payloads, and execute them.
      macOS: Users download disguised DMG installers containing Atomic Stealer malware, which harvests browser data, wallet credentials, and sensitive files, sending them to hacker-controlled servers.
      These malicious tools use advanced evasion methods: stolen certificates, obfuscation, and stealth background operations to avoid detection.

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      The Threat Group Behind the Scheme
      Darktrace connects these tactics to a previously identified malware gang known as CrazyEvil, which security firm Recorded Future flagged earlier this year. While it’s not confirmed if CrazyEvil runs this exact campaign, the patterns are strikingly similar:
      Fake companies
      Sophisticated social engineering
      Focus on crypto-related targets

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      Crypto Crime in 2025: The Bigger Picture
      The crypto crime surge is only escalating. Malware campaigns and credential theft are pushing 2025 toward record-breaking crypto losses.
      Kaspersky reports:
      83.4% YoY increase in crypto-related phishing attacks
      3.6x spike in mobile banking trojans
      Traditional bank malware? Declining.
      → Attackers are moving away from fiat and zeroing in on crypto wallets.

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      Emerging Threat: “SparkKitty”
      A new mobile malware strain called SparkKitty has been wreaking havoc since early 2024. Masquerading as TikTok mods or crypto apps, it infiltrated even Google Play and Apple’s App Store. It uses OCR technology to scan screenshots of seed phrases stored in photo galleries.
      SparkKitty evolved from the earlier SparkCat campaign and specializes in stealing crypto credentials right from user devices.

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      Unexpected Attack Vectors
      In May, security analysts traced malware back to Procolored, a Chinese printer manufacturer. Their official printer drivers carried a hidden remote access trojan, hijacking copied wallet addresses during transactions — swapping them with hacker-controlled addresses.

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      Result? 9.3 BTC stolen (~$1 million) over six months before discovery.

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      Massive Credential Leaks Raise Stakes
      A data breach exposed by Cybernews revealed over 16 billion stolen credentials, collected largely via infostealer malware. These include access to platforms like Telegram, GitHub, and Apple — further heightening risks for crypto holders managing digital assets online.
      Combined with CertiK’s estimate of $2.2 billion lost in crypto attacks during H1 2025, this paints a bleak but realistic picture of how cybercriminals are evolving.

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      Final Thoughts
      The lesson here is simple: if it looks too good to be true, it is. Whether it's a flashy AI startup or the “next big” blockchain game, always verify sources independently.
      Crypto malware campaigns are no longer amateurish. They’re professional, well-funded, and highly convincing.
      Stay alert. Protect your wallets. Trust, but verify.

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      Critical Flaw in Kraken’s Stellar XLM Integration—$3 Million Withdrawn Pre-Fix

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      Snapshot
      What happened: A serious vulnerability in Kraken’s Stellar (XLM) support allowed users to withdraw funds unexpectedly.
      Impact: Approximately $3 million of XLM exited the exchange before Kraken implemented a repair.
      Who is affected: Primarily XLM users on Kraken—especially those with vaults linked to the flawed integration.

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      Full Story
      Earlier this month, Kraken discovered a significant bug in its Stellar XLM wallet implementation. This glitch permitted some users to extract more tokens than they deposited, effectively enabling unauthorized withdrawals.

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      Estimated losses reached around $3 million worth of XLM before Kraken identified the issue and applied the fix. The exchange has yet to reveal how many accounts were involved or whether insiders partook in the exploitation.

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      Attack Timeline & Kraken’s Response
      Bug detected: Stellar wallet logic within Kraken failed to validate certain transaction parameters.
      Unauthorized
      withdrawals executed over a brief window.
      Kraken patches vulnerability after internal alerts or external reports triggered investigation.
      Partial reimbursements? Kraken signalled that affected wallets might be compensated, but official confirmation is pending.

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      Root Cause & Technical Note
      Stellar operates with distinct transaction structures and multi-signature rules. The flaw seems to have arisen from incomplete checks around memo fields, sequence numbers, or multi-sig thresholds, allowing malformed or repeated messages to process wrongfully. This follows earlier Stellar incidents (e.g., Trust Wallet discovered a related bug)

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      Wider Implications
      Stellar ecosystem risk: XLM’s technology, while efficient, has shown vulnerabilities before—highlighted through chain mishandles and Stellar Foundation’s past inflation bug .
      Exchange due diligence: Even well-established platforms like Kraken can suffer from complex cross-chain logic errors.
      User caution urged: Always use small test transfers when working with new or upgraded wallet infrastructure.

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      What Kraken Has Done
      Patch deployed within 48 hours of detection.
      Internal audit underway to understand exploit origin.
      Communication to users affected via email.
      Reviewing compensation plans, though no official numbers on reimbursement yet.

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      Expert Sentiment

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      They emphasized the need for rigorous cross-chain auditing, especially when integrating assets like XLM whose structure differs subtly from ERC‑20 or UTXO models.

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      Actions for Kraken Users
      Do not send bulk funds to Stellar wallets until Kraken confirms full security.
      Enable multi-factor authentication and maintain minimal on‑exchange balances.
      If you suspect your account was affected, contact support immediately for investigation.

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      Bigger Picture
      This XLM incident is part of a growing trend:
      Earlier this year, North Korean-backed hackers drained billions from major platforms.
      State actor-linked breaches are rising .
      The continuing shift towards bug bounty programs (like Trust Wallet’s recent patch) signals industry-wide recognition of mounting security risks.

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      Conclusion
      The $3 million XLM leak underscores:
      How subtle transaction logic errors can lead to major financial damage.
      That no exchange is immune, regardless of its reputation.
      The importance of layered security—for users and platforms alike.

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      Users should proceed cautiously, while exchanges must tighten auditing and validation processes around cross-network token support.

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      Massive $44M CoinDCX Hack Traced to North Korean Lazarus Group

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      What Happened?
      On July 19th, Indian cryptocurrency exchange CoinDCX fell victim to a devastating cyberattack, with hackers making off with a staggering $44 million. Although the exchange quickly confirmed the incident, they assured users that personal funds remain safe and unaffected.
      According to cybersecurity specialists at Cyvers, all signs point to the North Korean Lazarus Group—a notorious hacking syndicate with a long history of targeting crypto platforms. Interestingly, this exploit followed an almost identical pattern to last year's WazirX hack, which occurred on the very same date and resulted in $234 million being siphoned off through dubious transactions.

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      How Did It Happen So Fast?
      Experts highlighted the speed, precision, and sophistication behind this breach as deeply concerning. The hackers orchestrated their attack meticulously, beginning with a small-scale test transaction of 1 USDT on July 16th.
      Just days later, within a window of merely five minutes, they managed to drain $44 million in USDT through seven rapid-fire transactions. The funds were extracted from one of CoinDCX’s operational wallets on the Solana blockchain.

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      Interesting Note:
      The stolen assets included approximately $44.2 million in USDC/USDT.

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      A Pattern of Attacks on Indian Exchanges
      The Cyvers team was quick to draw parallels between the CoinDCX breach and the previous WazirX hack, emphasizing that these aren't random coincidences but calculated moves targeting India’s top crypto exchanges.

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      The Lazarus Group’s Signature
      This attack bears all the hallmarks of the Lazarus Group:

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      Coordinated test transactions

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      Lightning-fast execution

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      Cross-chain expertise
      They’ve made headlines before with high-profile breaches, and this latest incident only reinforces the need for heightened security across the crypto industry.

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      CoinDCX Responds with Bounty Program
      In a bid to recover the stolen assets, CoinDCX launched a recovery bounty initiative. The platform is offering up to 25% of any recovered funds as a reward to individuals or teams who can successfully help track and retrieve the stolen crypto.
      CoinDCX CEO Sumit Gupta voiced his determination on X (formerly Twitter):

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      Depending on the outcome, the bounty could total as much as $11 million.

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      Key Takeaways
      Hack Amount: $44.2M stolen in USDC/USDT
      Timeframe: Funds stolen in 5 minutes
      Blockchain: Solana
      Suspected Group: North Korean Lazarus
      Related Incidents: WazirX hack, same date last year

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      Potential Lessons for the Industry

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      Double down on cross-chain security audits

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      Prepare for state-sponsored cyber threats

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      Share intelligence across platforms to detect patterns sooner

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      Educate users and teams on emerging exploits

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      Final Thoughts
      This breach underscores a troubling reality: no crypto exchange is too big or too prepared to be a target. Indian platforms, in particular, must recognize the strategic interest groups like Lazarus place on their markets.

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      Zippyshare Will Be Close After 17 Years

      Zippyshare was a popular file hosting service that gained immense popularity for its fast and easy-to-use platform. However, the website was shut down in 2020 due to legal issues, leaving many users stranded without access to their files. In this article, we will take a deep dive into the closed Zippyshare project, exploring the reasons behind its shutdown, and the impact it has had on its users.
      Zippyshare was launched in 2006 and quickly became one of the most popular file hosting services on the internet. The platform was free to use, and users could upload and share files with ease. Zippyshare's popularity was fueled by its fast download speeds, which made it a favorite among users who needed to share large files quickly.
      However, despite its popularity, Zippyshare faced numerous legal challenges over the years. The platform was frequently used to share copyrighted material, including movies, music, and software. This led to legal action against the website, with several record labels and movie studios filing lawsuits against Zippyshare for copyright infringement.
      In response to these legal challenges, Zippyshare implemented various measures to prevent the sharing of copyrighted material. However, these measures were not enough to satisfy the copyright holders, and in 2020, the website was shut down.
      The shutdown of Zippyshare has had a significant impact on its users. Many users relied on the platform to share files with friends, family, and colleagues, and the sudden closure of the website left them without access to their files. Some users lost important documents, photos, and other files, which they had stored on the platform.
      The shutdown of Zippyshare has also had an impact on the wider file hosting industry. The closure of such a popular and well-established platform has raised concerns among users about the stability and longevity of other file hosting services. Many users have turned to alternative platforms, such as Google Drive and Dropbox, but these platforms have their own limitations, such as storage limits and slower download speeds.
      In conclusion, the closure of Zippyshare was a significant blow to the file hosting industry and its users. While the platform faced numerous legal challenges over the years, its sudden shutdown has left many users stranded without access to their files. The closure of Zippyshare highlights the challenges facing file hosting services, particularly those that allow the sharing of copyrighted material. As users continue to rely on these platforms for sharing and storing files, it is essential that they are properly regulated to prevent copyright infringement and ensure the long-term viability of the industry.
       
      Furthermore, the closure of Zippyshare has also highlighted the importance of backing up important files. Many users may have lost important documents, photos, and other files because they did not have a backup. It is crucial to regularly back up files to a secure location, such as an external hard drive or cloud storage platform, to ensure that they are not lost in the event of a platform shutdown or other unforeseen circumstances.
      Another lesson that can be learned from the closure of Zippyshare is the importance of respecting intellectual property rights. While it may be tempting to share copyrighted material, it is important to understand that doing so is illegal and can have serious consequences. By respecting intellectual property rights, we can help ensure that creative works are properly protected and that artists and creators are fairly compensated for their work.
      Overall, the closure of Zippyshare has had a significant impact on the file hosting industry and its users. While the platform may have had its flaws, it provided a valuable service to millions of users around the world. The lessons that can be learned from the closure of Zippyshare are many, including the importance of backing up important files, respecting intellectual property rights, and properly regulating file hosting services to prevent copyright infringement.
      As we move forward, it is essential that we continue to support and promote innovative and sustainable file hosting services that provide value to users while respecting the rights of artists and creators. The closure of Zippyshare has reminded us of the challenges facing the industry and the need for continued innovation and responsible practices to ensure its long-term viability.

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