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15 May 2025, 12:22
Bitcoin Exchange Coinbase Announces Reward for Those Who Catch Hackers Stealing User Data! Here Are the Details
Coinbase has launched a $20 million bounty program in response to an extortion attempt by criminals who stole partial user data and demanded payment to prevent it from being leaked. Coinbase veri ihlali yaşadığını bildirdi, müşteri özel verilerinin çalındığını açıkladı ve 180 milyon ila 400 milyon dolar arasında tazminat ödemesi yapacağını tahmin ediyor. — Bitcoin Sistemi (@bitcoinsistemi) May 15, 2025 Coinbase Offers $20 Million Bounty After Blackmail Attempt Over Stolen User Data The US-based crypto exchange has revealed that account data belonging to less than 1% of its monthly users was illegally obtained by hackers who bribed offshore support representatives for access to customer information. The attackers then attempted to extort $20 million worth of Bitcoin from Coinbase, threatening to leak sensitive personal data including names, addresses, and government-issued IDs unless a ransom was paid. Coinbase stressed that no passwords, private keys or funds were compromised and that Coinbase Prime accounts were not affected by the breach. “We will not pay the racketeers. Instead, we are offering a $20 million reward to anyone who can provide information leading to the identification and conviction of those responsible,” he said. Coinbase reported the incident to law enforcement and promised to fully refund affected users. The company did not disclose specifically how many accounts were affected but noted that the scope of the breach was limited. This is not the first time Coinbase has faced extortion attempts, with the company issuing a bounty following a similar extortion attempt in 2022. The latest attack highlights the growing risks of insider threats and social engineering, particularly targeting crypto firms with large user bases. The incident comes amid a broader wave of social engineering scams targeting Coinbase customers. According to blockchain researcher ZachXBT, many users have recently lost millions of dollars to scammers posing as Coinbase customer support representatives in phishing schemes. Coinbase said it continues to strengthen its internal security practices and warned users to be wary of unwanted communications or suspicious links, especially those claiming to come from the company. *This is not investment advice. Continue Reading: Bitcoin Exchange Coinbase Announces Reward for Those Who Catch Hackers Stealing User Data! Here Are the Details
15 May 2025, 12:19
World Liberty Financial approves proposal to airdrop a fixed amount of USD1 to WLFI holders
Trump-backed World Liberty Financial has passed a proposal to test its on-chain airdrop feature by sending a ‘small amount’ of USD1 to all eligible WLFI token holders. The proposal passed with a 99.96% approval rate. On May 14, an advisory proposal recommending World Liberty Financial to test its airdrop function by sending WLFI holders a small amount of the project’s USD-pegged stablecoin has officially been passed. Garnering a total of 12,000 votes, the proposal gained a 99.96% approval rate from the governance vote. Although the proposal does not contain an estimated date for when the airdrop would take place, it does reveal key details about the anticipated airdrop . According to the official website, all current holders of the WLFI token will receive a fixed amount of USD1. However, the exact amount remains undetermined and will be calculated based on the number of eligible wallets in the ecosystem and the budget available for the airdrop allocation. WLFI token holders will also be subjected to eligibility requirements which the project will determine once the decision is made final. The project also warned that even though the airdrop proposal has been approved, World Liberty Financial, Inc. can still choose to suspend, modify or terminate the test airdrop at any time, as well as establish additional requirements for holders. You might also like: World Liberty Financial opens vote to airdrop USD1 stablecoin to WLFI holders The purpose of conducting a live airdrop test is to ensure the project’s smart contract functionality, system reliability, and readiness for such an event. The airdrop is also a way for the project to reward its holders with USD1, especially early adopters who have supported the project from the start. Through an airdrop event, the project hopes to promote its homegrown USD-pegged stablecoin and boost circulation for USD1 ahead of a broader rollout. What is USD1? USD1 is World Liberty Financial Inc.’s stablecoin. It is backed by U.S. Treasuries, cash, and other dollar-based equivalents, while BitGo serves as its official custodian. Shortly after its initial launch in April 2025, the stablecoin’s trading volume skyrocketed by more than 6,700%, reaching as high as $140 million. At press time, USD1’s market cap stands at more than $2.1 billion. The stablecoin has a circulating supply of 2.1 billion tokens. On May 1 at Token2049, World Liberty Financial co-founder Zach Witkoff declared that USD1 has been selected as the official stablecoin for MGX’s $2 billion investment into Binance . The deal marked the largest investment ever paid in stablecoins. On the same day, Witkoff announced that USD1 will be integrated into the Tron ( TRX ) blockchain. The stablecoin was initially launched on Ethereum ( ETH ) and Binance Smart Chain ( BNB ). You might also like: World Liberty Financial’s USD1 to integrate with Tron network
15 May 2025, 12:15
Sonic Labs wins legal ruling to force Multichain Foundation liquidation for fund recovery
Sonic Labs, formerly known as the Fantom Foundation, has secured a legal victory in Singapore to force the liquidation of the Multichain Foundation, following the massive 2023 hack that saw over $210 million siphoned from cross-chain bridges operated by Multichain. The ruling, granted by the Singapore High Court on May 9, authorizes accounting firm KPMG to act as the official liquidator and oversee the recovery of lost assets. The court’s decision comes after months of legal proceedings initiated by Sonic Labs, which accused Multichain of non-cooperation in tracing and recovering stolen funds. According to Sonic Labs CEO Michael Kong , “Unfortunately since Multichain and its former employees have been completely uncooperative, we were compelled to file a lawsuit against Multichain and to forcibly wind-up the company. If Multichain had not hid from victims, this entire process would’ve been unnecessary and we would’ve saved more than a year.” I'm pleased to announce that on 9 May, 2025, Fantom Foundation's (now @SonicLabs ) winding up application against Multichain Foundation Ltd by the Singapore High Court was granted in full. Individuals from KPMG Singapore were also appointed as liquidators on the same day.… — Kong.sonic (@michaelfkong) May 14, 2025 The 2023 Multichain exploit led to a significant loss for Sonic Labs Multichain, a cross-chain bridge protocol formerly known as Anyswap, suffered a major security breach in July 2023, which led to an estimated $210 million being drained from multiple blockchain networks, including Fantom, Ethereum, BNB Chain, and others. The incident dealt a heavy blow to users and decentralized apps that relied on the protocol to facilitate cross-chain asset transfers. Chainalysis suggested that it had some indications of a rug pull. Sonic Labs, which was still known as the Fantom Foundation then, lost about $122 million due to the incident. The loss of funds and the series of events that followed led to Multichain ceasing operations altogether. The whereabouts of CEO Zhaojun were also unknown for some time until it came to light that he was arrested by Chinese authorities due to the fallout of the breach. Legal action and the path to liquidation Sonic Labs filed for breach of contract, fraud, and loss of $122 million of its funds against Multichain in the High Court of Singapore, which granted a default judgment ruling in January 2024. After the ruling, it was still hard to reach the Multichain team, prompting Sonic Labs in March 2024 to petition the court to wind up the Multichain Foundation and appoint a liquidator to help it recover and redistribute its assets. The Singapore High Court ruling now enables the appointment of KPMG to oversee the liquidation of Multichain Foundation’s assets. “Going forward, the liquidators can now start working with other parties to initiate the process of trying to acquire funds that should eventually be returned to users if those legal proceedings are successful,” added Kong. The case also points to a growing trend of leveraging traditional legal systems to seek justice and restitution in the otherwise borderless and largely pseudonymous world of crypto. Some see this as a move in the right direction, as the sector at large is pushing for more legitimacy and protection for users. KEY Difference Wire helps crypto brands break through and dominate headlines fast
15 May 2025, 11:46
Ripple President Meets His Highness Ahmed Bin Saeed In Dubai. Is Something Big Coming For XRP?
In a significant development for the blockchain and cryptocurrency sector, Ripple President Monica Long recently met with His Highness Ahmed bin Saeed Al Maktoum during the Dubai FinTech Summit. This meeting, highlighted by crypto analyst Amelie on X , underscores the deepening relationship between Ripple and the United Arab Emirates (UAE), a nation rapidly emerging as a global hub for digital finance. Strengthening Ties with UAE Leadership His Highness Ahmed bin Saeed Al Maktoum, a prominent figure in the UAE’s economic landscape, serves as the Chairman and CEO of Emirates Airline and Group and holds influential positions in various financial institutions. His engagement with Ripple’s leadership signifies the UAE’s commitment to embracing blockchain technology and fostering innovation in the financial sector. BREAKING: RIPPLE PRESIDENT MONICA LONG HAD THE HONOR OF MEETING HIS HIGHNESS AHMED BIN SAEED AT DUBAI FINTECH SUM! #XRP UAE pic.twitter.com/o72s7hZlV0 — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) May 14, 2025 The Dubai FinTech Summit provided an ideal platform for this high-level interaction, bringing together global leaders to discuss the future of financial technology. Monica Long’s meeting with His Highness reflects Ripple’s strategic focus on the Middle East, particularly the UAE, as a key market for expansion and collaboration . Ripple’s Strategic Initiatives in the UAE Ripple’s presence in the UAE has been marked by several strategic initiatives aimed at integrating blockchain solutions into the region’s financial infrastructure. In 2020, Ripple established its Middle East and Africa (MEA) headquarters in the Dubai International Financial Centre (DIFC), recognizing the UAE’s progressive regulatory environment and its potential as a fintech hub. In November 2023, the Dubai Financial Services Authority (DFSA) approved XRP for use within the DIFC, making it the first virtual asset to receive such approval under the DFSA’s regime. This milestone allowed licensed firms in the DIFC to incorporate XRP into their virtual asset services, enhancing the utility and adoption of Ripple’s digital asset in the region. Further solidifying its commitment, Ripple partnered with the DIFC Innovation Hub in August 2024 to accelerate the adoption of blockchain technology in the Middle East. This collaboration aims to connect developers with the region’s largest innovation community, fostering the development of real-world use cases on the XRP Ledger (XRPL). We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 In March 2025, Ripple achieved another significant milestone by receiving approval from the DFSA to offer regulated crypto payments and services in the DIFC. This approval marked Ripple as the first blockchain-enabled payments provider licensed by the DFSA, enabling the company to expand its seamless, compliance-first global payments product to businesses in the UAE. Implications for XRP and the Broader Crypto Ecosystem The meeting between Monica Long and His Highness Ahmed bin Saeed Al Maktoum is more than a ceremonial engagement; it symbolizes the UAE’s openness to integrating advanced blockchain solutions into its financial systems. Ripple’s strategic partnerships and regulatory approvals in the UAE position XRP as a key player in the region’s digital transformation. With the UAE’s proactive approach to fintech and Ripple’s robust infrastructure and regulatory compliance, the stage is set for significant advancements in blockchain adoption. The collaboration between Ripple and UAE institutions could lead to the development of innovative financial products and services, enhancing cross-border payments and fostering economic growth. Monica Long’s meeting with His Highness Ahmed bin Saeed Al Maktoum at the Dubai FinTech Summit marks a pivotal moment in Ripple’s expansion strategy in the Middle East. The UAE’s supportive regulatory environment and commitment to innovation align with Ripple’s mission to revolutionize global payments through blockchain technology. As Ripple continues to forge strategic partnerships and secure regulatory approvals, XRP’s role in the UAE’s financial ecosystem is poised for significant growth, heralding a new era of digital finance in the region. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple President Meets His Highness Ahmed Bin Saeed In Dubai. Is Something Big Coming For XRP? appeared first on Times Tabloid .
15 May 2025, 11:30
Why Meta Earth Could Be the Blockchain to Outlast Crypto’s Boom-and-Bust Cycles
The crypto industry is a demanding proving ground. With failure rates often exceeding 90% for new projects within their first year, the path to survival is challenging. Bull markets fuel fleeting optimism, while bear markets reveal critical weaknesses, leaving only the toughest players standing. Yet, amidst this rigorous terrain, Meta Earth—a modular blockchain that unveiled its ME Network v2.0 in May 2025—is staking a bold claim: not just to endure, but to reshape the future of decentralized technology. So, what makes Meta Earth a contender worth watching when the odds are so stacked against success? Modularity: Built to Adapt, Not Collapse In the crypto world, adaptability is a lifeline. Meta Earth’s modular architecture is built to bend, not break, under the industry’s relentless pressures. The ME Network v2.0 splits its operations into specialized layers: ME-Hub oversees governance and token mechanics, RollApps provide flexible execution environments, ME-DA delivers low-cost data availability, and ME ID ensures privacy-first identity management. This segmented design means each piece can evolve independently, allowing the platform to stay nimble as tech trends and market needs shift. Take RollApps as a prime example. Supporting both Ethereum Virtual Machine (EVM) and WebAssembly (WASM), they let developers craft tailored applications—think DeFi tools or gaming ecosystems—free from the limits of a rigid, one-track blockchain. Meanwhile, ME-DA slashes storage costs by 98% through cutting-edge methods like data sampling and erasure coding, keeping the network lean even when transaction volumes dip. Unlike single-purpose chains that falter when the hype fades, Meta Earth’s modularity equips it to pivot and scale, offering a lifeline through bear markets and a launchpad for bull runs. This isn’t just theoretical. The ability to support diverse use cases—from financial protocols to decentralized social platforms—reduces Meta Earth’s reliance on any one market wave. In an industry where obsolescence lurks around every corner, this design could be the key to outlasting less agile rivals. Community and Vision: The Bedrock of Longevity Technical chops alone don’t guarantee survival—community does. Meta Earth has rallied a formidable user base since its mainnet launch, boasting over 1 million users, with 1,024,661 completing KYC for ME ID. What’s striking? A full 63% of that growth comes from organic referrals, a sign of genuine enthusiasm. Spanning 40 and more countries and anchored by offline hubs in Switzerland and Dubai, this global network isn’t just a number—it’s a stabilizing force. When crypto winters hit and funding dries up, a committed community can keep a project alive through active participation and advocacy. Meta Earth leans into this with a governance model baked into ME ID and ME Pass, handing users real influence over the platform’s future. This isn’t lip-service decentralization—it’s a practical bulwark against the volatility that challenge shallower projects. As one community member says: “Meta Earth gives us tools to build and a voice to steer—it’s our platform, not just theirs.” But survival isn’t the endgame; relevance is. Founder Patrick Oerer, with roots in traditional finance, sees Meta Earth as more than a blockchain—it’s a fix for systemic woes like wealth gaps and environmental strain. Initiatives like ME Pay streamline digital asset transactions for daily use, while ME Green rewards eco-friendly actions with tradable credentials. Picture earning tokens for cutting your carbon footprint, then swapping them for real-world perks. It’s ambitious, and it ties Meta Earth to problems bigger than crypto’s speculative bubbles. In a market increasingly hungry for utility over hype, this vision could cement its staying power. Meta Earth isn’t without risks. Hitting its goal of 10 million ME ID users by 2026 demands near-perfect execution, and its identity system might draw regulatory heat in a compliance-obsessed world. Yet, if it clears these hurdles, its blend of modular ingenuity, community muscle, and real-world focus makes it a standout. Crypto is maturing beyond its wild-west days, and Meta Earth could be the project that not only survives the next downturn but sets a new standard for blockchain endurance. Contact You can stay updated on Meta Earth’s official social media and communities for the latest information: Website ｜ X ｜ Telegram ｜ Discord ｜ Instagram ｜ Youtube ｜ TikTok ｜ Linkedin For more inquiries, contact: [email protected]
15 May 2025, 11:17
Investor Jim Chanos Bets on Bitcoin, Shorts MicroStrategy – Here’s Why
The post Investor Jim Chanos Bets on Bitcoin, Shorts MicroStrategy – Here’s Why appeared first on Coinpedia Fintech News Veteran short-seller Jim Chanos, the man who famously exposed the Enron scandal, is now turning heads in the crypto market . Speaking at the Sohn Investment Conference , Chanos revealed his latest move: shorting MicroStrategy while going long on Bitcoin. His stance highlights growing concerns about speculation-driven valuations in crypto-related stocks. Here’s why this matters. Who is Jim Chanos and Why His Move Matters Jim Chanos is a Greek-American investor and founder of Kynikos Associates. He is widely recognized as one of the most successful short-sellers in modern financial history. His biggest claim to fame came in 2000 when he uncovered Enron’s accounting fraud. By identifying the company’s use of deceptive “gain-on-sale” tactics and hidden debt, he shorted the stock before it collapsed, securing massive profits. Known for his deep-dive analysis and ability to detect overvalued companies, Chanos’ views on the crypto space are not to be ignored. Why Chanos is Long on Bitcoin but Short on MicroStrategy At the Sohn event, Chanos made it clear: Bitcoin is undervalued, but MicroStrategy stock is not . He argued that the company’s share price has outpaced the actual value of its Bitcoin holdings. Rather than buying MicroStrategy stock, he believes it’s better to buy Bitcoin directly. His reasoning is simple — MicroStrategy is being driven by retail speculation, while Bitcoin still holds long-term fundamental value. MicroStrategy’s Massive Bitcoin Holdings MicroStrategy has become the largest publicly traded Bitcoin holder, with: Over 568,840 BTC in its reserves Holdings valued at more than $58 billion Ownership of roughly 2.7% of Bitcoin’s total supply The company added over 122,000 BTC in 2025 alone and has encouraged other major corporations, including Microsoft , to adopt a similar Bitcoin accumulation strategy. However, Chanos warns that MicroStrategy’s stock has surged too fast compared to Bitcoin, suggesting it may be overbought. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Bahrain’s Al Abraaj Adds Bitcoin to Reserves in Historic First , The Warning: Bitcoin Strategy May Become a Risky Trend Chanos cautioned that more companies could try to mimic MicroStrategy’s model. He called the BTC-buying trend hype-driven and warned that these moves might lead to financial losses once the excitement fades. In his view, MicroStrategy’s valuation does not reflect a strong underlying business but rather exaggerated investor expectations. Conclusion Jim Chanos isn’t betting against Bitcoin — he’s betting against the hype surrounding companies like MicroStrategy. His move serves as a reminder for investors to look beyond headlines and focus on real value. 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Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs What is MicroStrategy’s Bitcoin strategy? MicroStrategy holds over 568,000 BTC and has promoted aggressive Bitcoin accumulation among corporations. How much Bitcoin does MicroStrategy own in 2025? As of 2025, MicroStrategy owns over 568,840 BTC, valued at more than $58 billion, or 2.7% of total BTC supply. How much will 1 Bitcoin cost in 2025? As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.
