27 May 2025, 11:32

Investors flock to Ripple (XRP) and Ruvi AI (RUVI) for 2025 double-digit gains

Ripple (XRP), currently valued at $2.34, continues to cement its position as a top cryptocurrency, particularly in cross-border payment solutions. With a 6% growth this month, XRP showcases its resilience and utility in driving international transactions efficiently and securely. Regulatory clarity and emerging opportunities within the Ripple ecosystem have bolstered investor confidence, setting the stage for its continued rise. While Ripple leads in global finance innovation, Ruvi AI is capturing attention as a revolutionary platform blending decentralized technology with artificial intelligence. Ruvi AI introduces a decentralized AI revolution Ruvi AI stands out in the current tech landscape with its decentralized AI superapp ecosystem. Designed to empower developers, businesses, and individual investors, this cutting-edge platform offers tools to harness the immense potential of AI while staying anchored in the security and transparency of blockchain. Ruvi’s community-driven approach sets it apart, fostering collaborative innovation while emphasizing the strong fundamentals necessary for long-term growth. Impressive presale results and bright prospects Ruvi AI’s presale has been a highlight, drawing significant attention. Phase 1 sold out in just over two weeks, delivering exceptional 50% returns for early adopters. At its current price of $0.015, Ruvi presents an unparalleled opportunity for investment before the anticipated 33% price increment in the upcoming phase. Market analysts have offered bullish predictions, forecasting a $1 price target for Ruvi in the near future, backed by its robust design and community engagement. Furthermore, Ruvi’s recent partnership with WEEX Exchange has amplified its market visibility and liquidity. Investment tiers to maximize returns Ruvi AI delivers customizable investment tiers, each designed to maximize potential ROI: VIP Tier 1 ($510 investment with 20% bonus): Total Tokens: 40,800 (34,000 base + 6,800 bonus). Value at $0.07: $2,856. Value at $1: $40,800. VIP Tier 3 ($2,100 investment with 60% bonus): Total Tokens: 224,000 (140,000 base + 84,000 bonus). Value at $0.07: $15,680. Value at $1: $224,000. VIP Tier 5 ($9,600 investment with 100% bonus): Total Tokens: 1,280,000 (double the base allocation). Value at $0.07: $89,600. Value at $1: $1,280,000. Exclusive rewards for the top contributors Ruvi’s leaderboards incentivize engagement and active contribution: Top 10 Contributors: 500,000 bonus tokens, valued at $35,000 at $0.07 or $500,000 at $1. Top 50 Contributors: 250,000 bonus tokens, valued at $17,500 at $0.07 or $250,000 at $1. Top 100 Contributors: 100,000 bonus tokens, equating to $7,000 at $0.07 or $100,000 at $1. Ruvi AI – your gateway to the future With its innovative platform, successful presale, and growing partnerships, Ruvi AI is set to redefine the intersection of artificial intelligence and blockchain technology. By investing in Ruvi AI today, you can be part of a movement that is reshaping how we interact with cutting-edge technologies. Capitalize on Ruvi AI’s potential and invest now to secure your stake in the future of blockchain innovation! Learn more Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register The post Investors flock to Ripple (XRP) and Ruvi AI (RUVI) for 2025 double-digit gains appeared first on Invezz

27 May 2025, 11:30

Crypto in Crisis? Violent NYC Kidnapping and $2.6M Scam Raise Security Alarms

The cryptocurrency industry is grappling with two alarming security incidents that show both the physical and digital risks facing modern investors. In New York, a second suspect tied to the high-profile kidnapping and abuse of Italian crypto investor Michael Carturan is reportedly preparing to surrender, deepening an already complex international investigation. Meanwhile, a separate case reported by compliance firm Cyvers highlights a stealthy onchain phishing attack that drained $2.6 million in stablecoins from a single wallet within hours. Second Suspect in Shocking NYC Crypto Kidnapping Expected to Surrender as Grisly New Details Emerge A second man tied to the disturbing kidnapping and torture of Italian crypto investor Michael Valentino Teofrasto Carturan in a Manhattan townhouse is expected to turn himself in to authorities, according to multiple local news reports . The unnamed suspect, a Swiss national and alleged co-founder of a crypto trading firm, is believed to have assisted his business partner, Joel Woeltz — a man prosecutors have dubbed the “crypto king of Kentucky” — in orchestrating the violent plot aimed at extracting Carturan’s crypto wallet seed phrase. The case has shaken the crypto community and stunned New York’s financial and tech elite with its violent details and surreal setting: a lavish Soho apartment allegedly turned into a “high-end frat house,” complete with stripper poles and luxury liquor, and, for at least one victim, a scene of nightmarish abuse. While an NBC report on May 26 stated the Swiss suspect had not yet surrendered but planned to do so within a week, FOX5 New York cited conflicting sources claiming the man may already be in custody. His identity has not been released publicly, though The New York Post revealed he is a co-founder of a Swiss trading firm with business ties to Woeltz. The emerging international angle adds yet another layer of complexity to the high-profile case, which already involves cross-border financial networks, alleged crypto wealth in the tens of millions, and a chilling escape from captivity in broad daylight. The investigation began in earnest after Carturan, a 28-year-old crypto investor from Italy, managed to escape from the luxury Soho townhouse where he was allegedly held captive for 17 days. According to reports by CNN, May 23 was meant to be Carturan’s “death day” — a final deadline to turn over his wallet credentials or face death. Carturan surrounded by local police (Source: la Repubblica ) In a final moment of desperation, Carturan agreed to hand over the seed phrase to his crypto wallet, estimated to contain part of his $30 million net worth. When he asked to retrieve his laptop from another room, his captor, Joel Woeltz, briefly turned his back, giving Carturan the split-second opportunity to bolt. Barefoot and terrified, he ran outside and flagged down a traffic officer, videos of which were later circulated widely by local news outlets. A House of Horror in Soho Following Carturan’s escape, police raided the five-story luxury residence and arrested Woeltz on-site. He remains in custody facing multiple felony charges, including kidnapping, assault, and unlawful imprisonment, with his next court appearance scheduled for May 28. Investigators uncovered harrowing evidence inside the apartment, which was described as both opulent and chaotic. According to the New York Post, police discovered Polaroid photographs of Carturan tied to a chair, one with a firearm pressed to his head. Other evidence suggests he was electrocuted, beaten, forced to smoke crack cocaine, urinated on, and subjected to threats involving an electric chainsaw held to his leg. His feet were reportedly tased while submerged in water. NBC New York reported that the kidnappers allegedly stole Carturan’s passport shortly after his arrival on May 6 and began a prolonged campaign of torture in an effort to obtain the seed phrase to his cryptocurrency holdings. The main suspect, Joel Woeltz, has gained notoriety in crypto circles under the nickname “crypto king of Kentucky.” Described as flamboyant and well-connected, Woeltz reportedly operated in elite financial and digital asset communities and is said to have business interests spanning multiple jurisdictions. His assistant, Beatrice Folchi, an Italian national, was also detained during the early stages of the investigation but was later released. As of now, no charges have been brought against her. Fallout and Questions for Crypto Security The Carturan case is one of the most violent physical attacks on a crypto investor in recent US history and has reignited debates around digital asset security, the risks of peer-to-peer financial dealings, and the psychological warfare that can arise when fortunes are secured only by a seed phrase. With one alleged co-conspirator behind bars and another reportedly cooperating with law enforcement, the investigation is expected to widen in scope, potentially encompassing global jurisdictions and digital asset tracing. The disturbing ordeal also highlights a chilling reality: unlike traditional bank accounts with institutional oversight, crypto wallets protected solely by seed phrases make individuals uniquely vulnerable if targeted, a fact that is increasingly exploited by sophisticated criminals. Authorities have not yet disclosed the current status of Carturan’s crypto holdings or whether the perpetrators succeeded in accessing any of his assets. $2.6M Gone in Hours: Crypto Investor Scammed Twice in One Day by Sophisticated Onchain Phishing Scheme In related news, a crypto investor has fallen victim to a devastating double blow, losing a staggering $2.6 million worth of stablecoins within a three-hour window due to a stealthy and highly advanced form of blockchain-based phishing known as a zero-value transfer attack. The incident was flagged by crypto compliance firm Cyvers on May 26 and is the latest reminder of just how complex and dangerous the evolving world of crypto scams has become. According to Cyvers, the victim first lost approximately $843,000 in USDt (Tether), one of the most widely used stablecoins in crypto, followed by a second, even larger transfer of $1.75 million, also in USDT. Both transfers were made within three hours, with no indication the victim realized they had been compromised until it was too late. At the heart of the incident is an attack vector that’s as insidious as it is deceptive: zero-value transfers. This method, Cyvers says, is among the most refined versions of “onchain phishing” used today. Zero-value transfers take advantage of a feature in many blockchain token standards — like Ethereum’s ERC-20 — where it is possible to initiate a transfer of tokens from one wallet to another with a value of “zero.” Unlike conventional token transfers, these zero-value transactions require no private key signature from the sender. As a result, attackers can initiate transactions that appear in the victim’s transaction history, all without the victim doing anything. The attacker will typically forge a transfer that appears to come from the victim's own address or from a known or trusted contact. When the victim later consults their transaction history to double-check a wallet address before sending funds, they may mistakenly select the attacker’s spoofed address, believing it to be safe. “Address Poisoning” Evolved This strategy is widely seen as a sophisticated evolution of a technique known as address poisoning, where attackers send tiny amounts of crypto from addresses that closely resemble the victim’s own. The similarity, often replicating the beginning and end of a wallet address, is meant to lull the victim into thinking the address is trustworthy, especially when copy-pasting from transaction history. In the case of zero-value transfers, the deception is even more potent. Because the transaction appears legitimate in the blockchain ledger and mimics a prior action, victims may treat it as a verified address and unwittingly send large sums to it. This isn’t the first time a zero-value transfer scam has resulted in eye-watering losses. In mid-2023, a single attacker reportedly stole $20 million worth of USDT using the same method before being blacklisted by Tether, the stablecoin’s issuer. That high-profile case prompted wallet providers and analytics firms to issue warnings about the growing prevalence of address-based phishing attacks on major blockchains like Ethereum and BNB Chain. Poisoning on the Rise Across Chains The risk isn’t isolated. A joint January 2025 study by cybersecurity firm Trugard and onchain safety protocol Webacy found that over 270 million poisoning attempts occurred between July 1, 2022, and June 30, 2024. These attempts spanned across Ethereum and BNB Chain alone. Of those, more than 6,000 attempts were successful, leading to confirmed losses exceeding $83 million. The report emphasized that most attacks were preventable if users had properly verified wallet addresses before sending funds.

27 May 2025, 11:22

MEXC Announces the Listing of Sophon (SOPH) with $40,000 in SOPH and 50,000 USDT Prize Pool

BitcoinWorld MEXC Announces the Listing of Sophon (SOPH) with $40,000 in SOPH and 50,000 USDT Prize Pool VICTORIA, Seychelles, May 27, 2025 /PRNewswire/ — MEXC , a leading global cryptocurrency exchange, will list Sophon (SOPH) on May 28, 2025 (UTC).To celebrate the listing, MEXC is launching a special event for new and existing users, featuring a total prize pool of $40,000 in SOPH and 50,000 USDT. Sophon Network (SOPH) bridges the gap in blockchain mainstream adoption by delivering user-friendly blockchain applications that seamlessly integrate into everyday digital life. As the ecosystem matures, the project leverages Validium technology within the ZKsync Elastic Chain to offer high performance and a smooth user experience, two essentials for widespread adoption. SOPH is the native utility token of the Sophon Network ecosystem, used for gas fee payments and rewarding node operators. With a fixed total supply of 10 billion tokens, SOPH forms the core economic model of the platform, enabling users to engage with a variety of consumer-focused blockchain applications. The Sophon (SOPH) Airdrop+ event runs from May 27, 2025, 11:00 (UTC) to June 6, 2025, 11:00 (UTC) and includes the following benefits: Benefit 1: New users who deposit SOPH will share $30,000 in SOPH. Benefit 2: All users can participate in the Futures Challenge to share 50,000 USDT in Futures bonuses. Benefit 3: All users can invite new users to share $10,000 in SOPH. MEXC has established itself as an industry leader by consistently providing users with early access to promising crypto projects. According to the latest TokenInsight report , MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users can access the best opportunities in the ever-evolving crypto landscape. For full event details and participation rules, please visit here . About MEXC Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. MEXC Official Website ｜ X ｜ Telegram ｜ How to Sign Up on MEXC Risk Disclaimer: The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions. This post MEXC Announces the Listing of Sophon (SOPH) with $40,000 in SOPH and 50,000 USDT Prize Pool first appeared on BitcoinWorld and is written by chainwire

27 May 2025, 11:19

Ethereum grows on pectra, but analysts eye RUVI for bull run

Ethereum (ETH), widely recognized as a leader in the world of decentralized applications (dApps) and smart contracts, is currently valued at $2,567. Despite facing market fluctuations this year, Ethereum remains a heavyweight in the blockchain ecosystem, gaining fresh momentum following its recent Pectra update. This upgrade and increasing interest in Ethereum-based decentralized finance (DeFi) have bolstered its prominence. While Ethereum thrives as an all-purpose platform for blockchain innovation, another player, Ruvi AI, is emerging as a groundbreaking force. Ruvi AI brings AI and blockchain innovation Ruvi AI merges artificial intelligence with blockchain to deliver a decentralized AI superapp, a platform that maximizes user convenience while maintaining exemplary security and operational efficiency. Built on a foundation of strong fundamentals and powered by an active community-driven ecosystem, Ruvi’s advanced tools support both developers and casual users looking to explore the potential of machine learning and decentralized applications. Ruvi’s phenomenal presale success Ruvi AI has achieved significant milestones in its presale phase, marking itself as an opportunity not to be missed. Phase 1 sold out in just over two weeks, offering early investors an impressive 50% return on investment. Currently, in Phase 2, Ruvi tokens are priced at $0.015, with a 33% increment scheduled for the next phase. Analysts are predicting Ruvi tokens could hit $1 in the future, indicating substantial growth potential for early supporters. Ruvi AI has also formed a strategic partnership with WEEX Exchange, enhancing its reach and liquidity in global markets. This collaboration reinforces Ruvi’s standing in the rapidly evolving blockchain industry. Tailored investment opportunities Ruvi AI offers tiered investment packages to ensure benefits for all types of investors. Below is a breakdown of the projections based on Ruvi’s current token pricing and bonus structure: VIP Tier 1 ($510 investment with 20% bonus): Total Tokens: 40,800 (34,000 base + 6,800 bonus). Value at $0.07: $2,856. Value at $1: $40,800. VIP Tier 3 ($2,100 investment with 60% bonus): Total Tokens: 224,000 (140,000 base + 84,000 bonus). Value at $0.07: $15,680. Value at $1: $224,000. VIP Tier 5 ($9,600 investment with 100% bonus): Total Tokens: 1,280,000 (double the base allocation). Value at $0.07: $89,600. Value at $1: $1,280,000. Leaderboard rewards for top contributors Acknowledging its passionate community, Ruvi AI rewards its key contributors through an attractive leaderboard program: Top 10 Contributors: 500,000 bonus tokens valued at $35,000 at $0.07 or $500,000 at $1. Top 50 Contributors: 250,000 bonus tokens valued at $17,500 at $0.07 or $250,000 at $1. Top 100 Contributors: 100,000 bonus tokens worth $7,000 at $0.07 or $100,000 at $1. Why now is the time to invest in Ruvi AI Ruvi AI embodies the future of blockchain and artificial intelligence integration, providing users with tools designed for the evolving demands of modern technology. From its successful presale to its collaboration with WEEX Exchange, Ruvi AI offers a pathway to participate in the next-generation digital revolution. Invest today and unlock the be part of the future of blockchain and AI together! Learn more Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register The post Ethereum grows on pectra, but analysts eye RUVI for bull run appeared first on Invezz

27 May 2025, 11:15

Ripple CTO David Schwartz on XRP: User Outcomes More Key Than Strict Decentralization Purity

Ripple CTO David Schwartz advises users to focus on blockchain utility over decentralization. Schwartz clarifies XRP has no issuer & XRP Ledger (XRPL) differs from other blockchains. Users should consider their network needs, not just engage in decentralization status debates. Events of the past week including the CETUS DEX hack on the SUI blockchain has broadened industry discussions beyond the incident itself, reigniting debate on the core nature of decentralization in the blockchain space. Against this backdrop, Ripple’s CTO, David Schwartz, seized the opportunity to explain why blockchain users should care less about a network’s decentralization status but concentrate on their expectations from the networks. In his latest post on X, Schwartz tackled this subject while responding to a blockchain user questioning XRP’s decentralization status. The user asked why Brad Garlinghouse is the face of XRP with Ripple as its issuer, given that XRP is meant to be decentralized; a situation not seen in the case of of Bitcoin (BTC). Garlinghouse is the CEO of Ripple, a company. XRP has no issuer — all the XRP that will ever exist was created when the led… The post Ripple CTO David Schwartz on XRP: User Outcomes More Key Than Strict Decentralization Purity appeared first on Coin Edition .

27 May 2025, 11:14

Nearly half of stolen $1.4b from Bybit now untraceable

Three months after one of the largest crypto thefts on record, blockchain data shows that almost half of the $1.4 billion stolen from Bybit has gone dark. Data from cryptocurrency exchange Bybit reveals $644 million in stolen funds — nearly half of the exchange’s massive $1.4 billion theft — has vanished from public tracking after being processed through mixing services. Approximately $693 million (or 49.5%) remains traceable, while exchanges and authorities have frozen $63 million (4.5%), the data shows. The stolen funds were systematically laundered through several mixing services. The largest portion — $247.5 million (around 966 BTC) — was laundered through Wasabi Wallet, while another $94.1 million laundered via eXch, a mixing service that publicly claimed to shut down in April but remains operational. Smaller amounts moved through Tornado Cash ($2.5 million in ETH) and Railgun ($1.7 million in ETH). You might also like: Safe Wallet responds to Bybit hack with major security improvements Of particular concern is eXch’s continued activity despite its alleged closure. As crypto.news reported earlier, analysts at TRM Labs confirmed that the service still functions through back-end APIs. The mixer’s pooled transactions create near-total opacity as “all received and sent transactions are mixed together and there is no way to discover how many people are behind certain addresses and traceability is extremely difficult,” TRM Labs explained. In a March article on X, analysts at crypto wallet interface platform Safe revealed that a North Korean hacking group known as TraderTraitor compromised a Safe{Wallet} developer’s laptop and used stolen AWS session tokens to bypass multi-factor authentication, gaining access to Bybit’s funds. The breach occurred in early February, when a Docker project — posing as a “stock investment simulator” — was downloaded onto Safe developer’s Mac. The project communicated with a suspicious domain, leading to the malware’s installation. Read more: Binance pushes for stricter security regulations following $1.4b Bybit hack