hodler

12 May 2026, 23:05

Counterfeit Privacy Filter model reached top trending before takedown

A fake OpenAI repository on Hugging Face racked up ~244,000 downloads. It was trending on the platform before getting removed. The fake repo delivered a Rust stealer that pulled browser data, crypto wallets, and developer secrets on Windows computers. Security researchers at HiddenLayer spotted the malicious repository under the namespace “Open-OSS/privacy-filter.” It was a typosquat of OpenAI’s genuine Privacy Filter model, which was released last month. The fake listing copied OpenAI’s model card and tacked on instructions telling users to clone the repo and run the script. Attackers used a fake OpenAI Privacy Filter OpenAI’s real Privacy Filter is an open weight model that detects and redacts personally identifiable information in text. The genuine release was under an Apache 2.0 license through both Hugging Face and GitHub. Developers expected to find runnable code and setup scripts in the real repo. But attackers exploited developers’ expectations. They published a lookalike repository under a different namespace with familiar branding and almost identical documentation. A Python file named loader, that looked like normal model loading code, had a fake DummyModel class and fake training output. The script had a function that disabled SSL verification, decoded a secret URL, and received a command from JSON Keeper. JSON Keeper is a public JSON paste service. It lets the attacker swap payloads without interacting the repository. The command started a hidden Windows PowerShell process. A batch script that imitates a blockchain analytics API, tried to increase privileges. It tried to add Microsoft Defender exclusions for the payload directory. The comman then released the finished binary via a one time scheduled job that looked like a Microsoft Edge updater. Next, a 1.07 MB Rust executable was delivered. It extracted browser data, Discord tokens, crypto wallet files , SSH, FTP, and VPN credentials. Stolen data got sent to a command-and-control (C2) server. The malware also evaded virtual machines, sandboxes, and debuggers in case researchers setup an automated analysis. A screenshot of the fake OpenAI repository. Source: HiddenLayer . The 244,000 downloads does not mean confirmed infections. Its unknown how many users executed the malicious files. Neither OpenAI nor Hugging Face had issued a public statement. The available evidence points to platform impersonation only. There’s no compromise of either OpenAI or Hugging Face. OpenAI’s Privacy Filter launch generated search traffic from developers. Steps for anyone who cloned the repo Anyone who cloned the repository and ran the malicious scripts should consider their Windows machin compromised. Reimaging the machine is only effective solution in removing the malacious files. Logging into any account on the affected machine risks further exposure. Security researchers recommend rotating every credential stored in browsers, password managers, or credential stores on the device. That includes saved passwords, session cookies, OAuth tokens, SSH keys, and cloud provider tokens. Crypto funds should be moved to a new wallet created on a healthy device. In March, security researchers identified a malicious npm package disguised as an installer for the AI tool OpenClaw. It targeted system passwords and crypto wallets. That package, named GhostLoader, installed itself as a hidden telemetry service and scanned for AI agent credential stores. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

12 May 2026, 22:06

JPMorgan Files Tokenized Treasury Fund as Warsh Confirmed to Fed, CLARITY Act Heads to Markup

Crypto News JPMorgan is preparing to launch a tokenized money market fund, deepening Wall Street's push to move traditional assets onto blockchain rails. A filing with the U.S. Securities and Excha...

12 May 2026, 21:49

JPMorgan plans blockchain fund using ETH for $32 billion market

🚀 JPMorgan will launch a blockchain-based fund using Ethereum for institutional investors. The new fund targets short-term U.S. Continue Reading: JPMorgan plans blockchain fund using ETH for $32 billion market The post JPMorgan plans blockchain fund using ETH for $32 billion market appeared first on COINTURK NEWS .

12 May 2026, 21:30

Vitalik Buterin Labels Ethereum the Economic Infrastructure for AI

Ethereum and its broader ecosystem are once again in the crypto spotlight following a recent statement by its founder. The founder has recently publicly declared the ETH network as the leading hub for AI operations, triggering a frenzy across the crypto community. Ethereum At The Center Of the AI Economy Vitalik Buterin, the founder of Ethereum, has made yet another bold statement regarding ETH and its evolving ecosystem. In the face of blockchain growth, the crypto figure is making a compelling link between the ETH network and Artificial Intelligence (AI) . As shared by Etherealize on the X platform, this compelling statement from Buterin was made in a recent interview with the OKX crypto platform. In the interview, the founder has described the Ethereum blockchain as a potential economic layer for the rapidly evolving AI sector. The concept is likely backed by ETH’s capacity to offer AI-driven apps and agents, decentralized payments, smart contracts, identity systems, and trustless coordination. Currently, the AI sector is experiencing major growth. Therefore, the need for a transparent and programmable financial infrastructure arises, which is where Ethereum comes in. According to Buterin, ETH is one of the most natural ways to allow applications and cooperation between many different players in the long term, in the absence of a third party agreeing on who to trust. “The other thing is also the economic layer, and this is the layer where blockchains can support AIs,” the founder added. Buterin’s statement is part of his strong belief in ETH playing a large role in the future of decentralized AI. He claims that if more decentralized AI is owned by a player, it means they have different Als (agents, programs) that are controlled by diverse people, with the need to connect with one another. In addition, an economic layer is necessary for that connection to be feasible. Nonetheless, cooperation is usually based on either economic incentives and rules or on central control. Once the economic system is finally set up, it will lead to more decentralized interaction between Als. A Cooldown Is Taking Place In The ETH Market After a period of increased activity, a notable calm has unfolded across the Ethereum market , particularly on cryptocurrency exchanges. Amid the gradual return of bullish momentum, the ETH Exchange Flux Balance is demonstrating signs of reduced activity. This trend points to a shift in traders’ behavior and market intent. During this phase, Alphractal, an on-chain data analytics platform, highlighted that smart money trends whisper first. Data shows that the inflow/outflow delta on Ethereum has compressed for days while price drifts sideways. On the Exchange-Traded Funds (ETFs) front, ETH Spot ETFs have experienced 9 straight days of inflows. Over $101.2 million was recorded on May 1, with Year-To-Date (YTD) reaching about $14 billion. ETH quiet exchange flows and loud ETF demand simply imply that supply is leaving the other book.

12 May 2026, 20:45

JPMorgan Plans Ethereum-Based Tokenized Money Market Fund for Stablecoin Collateral, Sources Say

BitcoinWorld JPMorgan Plans Ethereum-Based Tokenized Money Market Fund for Stablecoin Collateral, Sources Say JPMorgan Chase is reportedly developing a tokenized money market fund (MMF) on the Ethereum blockchain, according to sources cited by crypto news outlet Unfolded. The fund, to be managed by the bank’s digital assets unit Kinexys Digital Assets, would invest primarily in U.S. Treasury bonds and ultra-short-term repurchase agreements (repos). Tokenized Treasuries and the Stablecoin Connection The proposed fund is designed to serve as high-quality liquid collateral for stablecoin reserves, aligning with requirements outlined in the GENIUS Act, a U.S. legislative proposal focused on stablecoin regulation. Market analysts view the move as a strategic response to growing demand from stablecoin issuers for on-chain assets that combine liquidity with the safety of government-backed securities. Tokenized money market funds have gained traction in recent years as traditional finance institutions explore blockchain-based settlement and collateral management. JPMorgan has been an active participant in this space, having previously executed intraday repo transactions using its own permissioned blockchain, JPM Coin. The reported Ethereum-based MMF would mark a significant step toward public blockchain integration for the bank. Market Implications and Unanswered Questions The fund’s size has not been disclosed, and its actual market impact will depend on adoption by stablecoin issuers. If widely used, the fund could provide a regulated, on-chain alternative to traditional money market instruments, potentially reducing counterparty risk in stablecoin backing. However, the initiative remains in development, and no official launch date has been confirmed. JPMorgan’s entry into tokenized MMFs also signals growing institutional comfort with Ethereum as a settlement layer. This could accelerate the trend of real-world asset (RWA) tokenization, which has seen major banks and asset managers experiment with putting bonds, funds, and other instruments on blockchain networks. What This Means for Stablecoin Regulation The GENIUS Act, which has been discussed in U.S. policy circles, would require stablecoin issuers to hold reserves in highly liquid, low-risk assets. A JPMorgan-managed tokenized MMF could become a preferred instrument for meeting those requirements, especially for issuers seeking transparent, on-chain proof of reserves. The development underscores how traditional finance and crypto regulation are converging, with banks positioning themselves as infrastructure providers for the digital asset economy. Conclusion JPMorgan’s reported plan to launch an Ethereum-based tokenized money market fund represents a notable step in the integration of traditional banking with public blockchain technology. While the fund’s size and adoption timeline remain unclear, its design as collateral for stablecoin reserves under the GENIUS Act highlights the growing intersection of institutional finance, tokenization, and regulatory frameworks. Readers should monitor official announcements from JPMorgan for further details. FAQs Q1: What is a tokenized money market fund? A tokenized money market fund is a traditional money market fund whose shares are represented as digital tokens on a blockchain. This allows for faster settlement, transparency, and programmability, making it easier to use as collateral in decentralized finance (DeFi) or for stablecoin reserves. Q2: How would this fund be used by stablecoin issuers? Stablecoin issuers could hold the tokenized MMF as part of their reserve assets. The fund’s investment in U.S. Treasuries and repos would qualify as high-quality liquid assets under proposed regulations like the GENIUS Act, potentially allowing issuers to demonstrate compliance while benefiting from on-chain transparency. Q3: Why is JPMorgan using Ethereum instead of its own blockchain? Using Ethereum, a public blockchain, could enable broader interoperability with existing DeFi protocols and stablecoin platforms. While JPMorgan has its own permissioned blockchain (JPM Coin), a public blockchain offers greater accessibility and liquidity for external users, including stablecoin issuers. This post JPMorgan Plans Ethereum-Based Tokenized Money Market Fund for Stablecoin Collateral, Sources Say first appeared on BitcoinWorld .

12 May 2026, 20:00

Can XRP Catch Up To SWIFT? This Latest ISO Is Changing The Game

A crypto analyst has said that the global banking system is about to be forcibly changed, as a new SWIFT mandate sets a critical deadline that could change XRP and Ripple forever. ISO 20022 is SWIFT’s new global messaging standard for cross-border payments, and the change is set to take full effect in November 2026. The analyst said that SWIFT will shut down the older unstructured messaging, forcing every major bank onto a new system. He also suggests this could have major implications for XRP , as it aims to serve as a global bridge asset for cross-border transfers. SWIFT’s ISO 20022 To Overhaul Unstructured Messaging In a YouTube video released on May 10, a market analyst known as Cheeky Crypto said that SWIFT is about to bring “the death of legacy banking data.” He noted that the new ISO 20022 mandate will remove unstructured addresses within the SWIFT network by November 2026. According to him, if banks fail to comply with these new standards, their transactions will not be cleared or processed. Cheeky Crypto explained that over the past few decades, traditional banks have consistently relied on messy manual data-entry systems, which often lead to failed or delayed transactions. However, SWIFT is ending this era and introducing new solutions backed by structured data that run on blockchain technology . Notably, Cheeky Crypto said he spent the last few days researching XRP’s role within this upcoming global money shift. He noted that as legacy systems prepare for a major change, institutions are being backed into a corner because they do not have the time or money to build compliant systems of their own. Because of this, he said banks are now looking for existing bridges like XRP that are already cleared by regulators. He noted that trillions of dollars from these institutions are set to move into blockchain-ready solutions like XRP, to ensure global liquidity continues to flow effectively. According to the analyst, institutional inflows into XRP-based products are already rising significantly ahead of the November deadline. He said the move is primarily driven by corporate entities desperate to remain operational before SWIFT shuts the door on its old unstructured messaging standards. He also cited a statement by Ripple’s Executive Chairman, Chris Larsen, who said that legacy banking systems are built on weak foundations . Larsen noted that the upcoming “2026 mandate is the tide coming to wash away anything that isn’t structured, verified, and compliant.” XRP Ledger Presented As Better Alternative For Banks In his video, Cheeky Crypto also stated that banks are now showing strong interest in the XRP Ledger as legacy systems break down and they build stronger ones. The analyst noted that XRP is built to handle the exact type of structured data SWIFT is trying to build instantly. To back this up, Cheeky Crypto has compared the average transaction time and cost of legacy cross-border transfers with those of the XRP Ledger settlement. He says that legacy systems tend to take 3-5 days and cost a fortune in hidden fees. Meanwhile, the Ledger settles a transaction in roughly 3-5 seconds for a fraction of a penny.