13 Aug 2025, 15:57

North Korean hackers pose as IT workers to infiltrate crypto projects and exchanges

North Korean hackers regularly apply to Binance. Investigators have also intercepted resources of hackers spinning up identities to apply to key IT jobs. The threat of DPRK hackers posing as IT workers is still active. Sources have discovered recent data on the techniques used to spin up fake identities and apply as IT workers. ZachXBT, known for tracking DPRK hackers, recently discovered information from one of the attacker’s devices. ZachXBT has often called out the risk of hiring DPRK workers, which leads to risks for smart contracts, multisig wallets, or compromised devices. An unnamed source pointed to records of five DPRK hackers, spinning up 30 identities and applying to key IT tasks in crypto and other projects. 1/ An unnamed source recently compromised a DPRK IT worker device which provided insights into how a small team of five ITWs operated 30+ fake identities with government IDs and purchased Upwork/LinkedIn accounts to obtain developer jobs at projects. pic.twitter.com/DEMv0GNM79 — ZachXBT (@zachxbt) August 13, 2025 The teams used fake locations, local names, and identities, overlapping with crypto-friendly countries like Ukraine and Estonia. North Korean IT workers scour job boards Leaked documents showed the tools and tracking used by the team, including attempts to build the fake identities. The hackers used shared documents, revealing a series of Upwork credit purchases. The finding coincides with reports of attempts to buy or rent Upwork accounts and bid on software jobs. Some of the most common jobs included various blockchain roles, smart contract engineering, as well as work on specific projects, including Polygon Labs. Earlier reports showed that not all North Korean IT workers had hacking in mind or targeted crypto. Some of the workers had the task of earning from legitimate IT jobs, later handing over their pay to the North Korean regime. An escaped IT worker outlined the scheme, showing that the presence of DPRK IT workers was a constant threat to traditional companies and crypto teams. Binance filters out DPRK applications almost daily Binance’s security officer Jimmy Su said the exchange is constantly filtering out candidates. DPRK hackers try to gain access to key crypto positions, and Binance has intercepted both through CV monitoring and at the interview stage. Crypto space also carries unofficial lists of known fake identities, using legitimate-looking LinkedIn accounts and social media profiles. In the past, Cryptopolitan reported cases where DPRK hackers built the key infrastructure for Web3 projects, leading to compromised smart contracts with known exploit backdoors. These hackers have affected multiple projects, from DeFi to Solana memes. Some of the teams also launched meme tokens as a way of laundering funds. In addition to public fake profiles, DPRK hackers also use infected code repos or malicious links to make users install malware. Techniques include fake job interviews with links to malware. DPRK hackers also pose as interviewers or project managers, setting up fake meetings with a fake download link. In some cases, hackers have also proposed to Upwork users to connect to their computer remotely as a way to use new accounts without exposing their identity. Reports have it that some US-based persons agreed to the exchange, allowing the supposed IT workers access via AnyDesk. The hackers also used crypto payments through an intermediary Ethereum wallet, which has been linked to addresses used in large-scale hacks. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

13 Aug 2025, 15:55

Alarming Memecoin Launchpad Exploit: Odin.fun Loses $7M

BitcoinWorld Alarming Memecoin Launchpad Exploit: Odin.fun Loses $7M The cryptocurrency world has once again been rocked by a significant security incident, highlighting the ongoing challenges within the decentralized finance space. A prominent memecoin launchpad exploit has left Odin.fun, a Bitcoin-based platform, reeling from a substantial financial blow. This event serves as a stark reminder of the inherent risks and the critical need for robust security measures in the rapidly evolving crypto landscape. What Happened at Odin.fun? A Deep Dive into the Security Breach Recently, Odin.fun, a platform known for launching Bitcoin-based memecoins, suffered a major security breach. The incident resulted in a staggering loss of 58.2 BTC, which translates to approximately $7 million. This significant amount of lost funds has naturally caused concern across the community. According to reports from Decrypt, the platform immediately suspended trading operations following the discovery of the exploit. The team behind Odin.fun has indicated plans to resume services sometime next week, though the full extent of the damage and recovery process remains under close scrutiny. This Odin.fun security breach underscores the vulnerabilities that even seemingly robust platforms can face. Understanding the Crypto Liquidity Exploit Mechanism The core of the problem at Odin.fun was identified as a liquidity manipulation attack. In simpler terms, an attacker exploited a weakness in how the platform managed its liquidity pools. This allowed them to unfairly drain funds. Here’s a breakdown of how such an attack typically works: Identifying Vulnerabilities: Attackers often look for flaws in smart contracts or protocol logic related to token swaps and liquidity provision. Manipulating Prices: By exploiting these flaws, they can artificially inflate or deflate the price of tokens within the pool. Draining Funds: Once prices are manipulated, the attacker executes transactions that allow them to withdraw more assets than they deposited, effectively stealing from the pool. This type of crypto liquidity exploit is not new to the DeFi space, but each incident serves as a painful lesson for both users and developers. It highlights the importance of rigorous audits and continuous monitoring. The Broader Impact on Bitcoin Memecoin Platforms The incident at Odin.fun casts a shadow over the burgeoning sector of Bitcoin-based memecoins. While memecoins are often characterized by their community-driven nature and viral appeal, incidents like this can erode user trust. The promise of innovative new tokens launched on a Bitcoin-based memecoin platform can be overshadowed by security concerns. For users, the immediate concern is the safety of their investments and the reliability of the platforms they choose. For developers and project teams, it reinforces the need to prioritize security from the ground up. This incident might lead to increased scrutiny and demand for higher security standards across all new launchpads. Lessons from the Memecoin Launchpad Exploit: Enhancing User Safety Every exploit, while damaging, offers crucial lessons. The memecoin launchpad exploit at Odin.fun is no exception. For users, it emphasizes the importance of due diligence before engaging with any new platform, especially those dealing with high-risk assets like memecoins. Consider the following: Research Thoroughly: Investigate the platform’s history, team, and security audits. Understand Risks: Be aware that decentralized finance carries inherent risks, including smart contract vulnerabilities and rug pulls. Diversify: Avoid putting all your funds into a single high-risk venture. For platforms, the lesson is clear: security must be paramount. Regular, independent security audits are non-negotiable, and transparent communication with users during and after an incident is vital for maintaining credibility. Strengthening Decentralized Finance Security for the Future The Odin.fun incident serves as a stark reminder that strengthening decentralized finance security is an ongoing battle. As the DeFi ecosystem grows, so too do the sophistication of attacks. Developers must continuously innovate their security protocols, implement multi-layered defenses, and engage with the broader security community to identify and patch vulnerabilities quickly. Moreover, the community plays a vital role in identifying suspicious activities and reporting them. Collaborative efforts between users, developers, and security researchers are essential for building a more resilient and trustworthy DeFi environment. The goal is to create a future where such exploits become rarer, and user funds remain safe. In conclusion, the $7 million loss suffered by Odin.fun due to a liquidity manipulation attack is a significant event for the memecoin and broader crypto space. It highlights the persistent security challenges within decentralized finance. While recovery efforts are underway, this incident serves as a critical reminder for both platforms and users to prioritize robust security measures and exercise caution in this dynamic market. Learning from such events is crucial for fostering a more secure and sustainable future for crypto innovation. Frequently Asked Questions (FAQs) Q1: What is Odin.fun? A1: Odin.fun is a Bitcoin-based memecoin launchpad designed to facilitate the creation and initial distribution of new memecoins built on the Bitcoin blockchain. Q2: How much money did Odin.fun lose in the exploit? A2: Odin.fun lost 58.2 BTC, which was valued at approximately $7 million at the time of the exploit. Q3: What type of attack caused the loss? A3: The loss was caused by a liquidity manipulation attack, where an attacker exploited vulnerabilities in the platform’s liquidity pools to drain funds. Q4: Is Odin.fun planning to resume operations? A4: Yes, Odin.fun has stated its intention to resume operations next week, following the suspension of trading due to the exploit. Q5: What can users do to protect themselves from similar exploits? A5: Users should conduct thorough research on platforms, understand the inherent risks of DeFi, diversify their investments, and only engage with platforms that have undergone rigorous security audits. Q6: What is the broader implication of this exploit for the crypto market? A6: This exploit underscores the ongoing need for enhanced security measures in decentralized finance and highlights the risks associated with new, high-risk assets like memecoins, potentially leading to increased scrutiny on new launchpads. If you found this article insightful, please consider sharing it with your network on social media. Help us spread awareness about critical security issues in the crypto space and contribute to a safer environment for everyone. To learn more about the latest explore our article on key developments shaping Bitcoin price action. This post Alarming Memecoin Launchpad Exploit: Odin.fun Loses $7M first appeared on BitcoinWorld and is written by Editorial Team

13 Aug 2025, 15:55

Latest Web3 Challenger Coldware Could Overshadow SUI As it Approaches Hardware Launch

The Web3 landscape has seen fierce competition among Layer-1 chains and smart contract platforms, but one new entrant is drawing comparisons to Sui (SUI)—and may soon eclipse it. Coldware (COLD) is rapidly gaining momentum as it merges the power of blockchain with encrypted, real-world hardware. With over $7.7 million raised, a 50% flash sale live, and physical product launches around the corner, Coldware is drawing comparisons to Sui—but could soon overshadow it. While Sui (SUI) focuses on on-chain scalability and Move-based smart contracts, Coldware (COLD) is building a hardware-first Web3 ecosystem, combining smartphones, laptops, and encrypted apps within a Layer-1 network that prioritizes security, decentralization, and real-world use. Larna 2400: A Web3 Smartphone Built for Encrypted Ownership At the core of Coldware’s offering is the Larna 2400, a mobile device that offers end-to-end encryption, cold storage, wallet connectivity, private messaging, and staking—all on one decentralized device. With a Snapdragon 8 Gen 2 chip, 5000mAh battery, IP68 water resistance, and integrated seed vault, the Larna 2400 directly competes with flagship smartphones—yet offers decentralized benefits that Apple, Samsung, and Google do not. Coldware doesn’t stop at phones. The upcoming Coldbook® laptop, Coldware’s dVPN app, and the Coldware dApp Store form a secure digital workspace tailored for retail and enterprise users alike. These products operate on the Coldware Layer-1 mainnet and corporate-focused subnet , providing tailored environments for both public users and institutional adopters. Presale Stage 3 Live – With Major Momentum Building The Coldware (COLD) presale is in Stage 3, currently priced at $0.008 USDT per token, with over 1.33 billion tokens sold and a fast-approaching next-stage price of $0.00975. A limited-time “50FLASH” promo code gives buyers 50% bonus tokens, increasing the appeal of this early investment phase. Unlike many token-only Layer-1s , Coldware offers immediate value through its hardware-driven network. Investors are not just buying into speculative software—they’re buying into a real ecosystem that merges Presale Momentum Confirms Confidence Coldware (COLD) ’s presale has already attracted millions in early-stage investment, marking it as one of 2025’s most anticipated launches. The enthusiasm comes not only from its roadmap but also from the imminent hardware rollout. Investors aren’t just buying a token—they’re buying into an experience that merges Web3 with everyday digital behavior. Sui (SUI) Has Momentum, But Coldware (COLD) Offers Tangibility Sui (SUI) has built an impressive technical foundation with its Move-based architecture and high-performance throughput. Analysts, including Alex Clay, have identified bullish chart structures suggesting the token could push beyond $9.00 or even reach $11.70 in a full breakout. Sui (SUI) recently flipped Solana in daily active addresses, underscoring rapid network adoption and dApp engagement. Yet Coldware (COLD)’s physical product strategy offers a different kind of momentum: one rooted in real-world usability and ownership. By integrating staking, governance, messaging, and Web3 tools into mobile and desktop hardware, Coldware (COLD) solves onboarding and secure key management—key issues many software-only platforms have yet to address. Utility-First vs Software-First Philosophy Sui (SUI) relies on throughput and software excellence. Coldware (COLD) builds on end-user accessibility. While Sui (SUI) might promise scalability, Coldware (COLD) delivers tangible tools that extend Web3 beyond the browser and into users’ hands. The ability to own your Web3 identity, encrypt communications, and manage assets via Coldware devices gives the project an advantage with real-world use cases. Conclusion Sui (SUI) has delivered impressive network stats and bullish signals, but Coldware (COLD) introduces a new category of Web3 utility. As its hardware launch approaches, Coldware (COLD) isn’t just a Layer-1 alternative—it’s a disruptive force that could reshape how people interact with blockchain technology. For more information on the Coldware (COLD) Presale: Visit Coldware (COLD) Join and become a community member: https://t.me/coldwarenetwork Tweets by ColdwareNetwork

13 Aug 2025, 15:54

Fonte Capital Launches Central Asia’s First Spot Bitcoin ETF, Potentially Enhancing Regulated Investment in Kazakhstan

Fonte Capital launched Central Asia’s first spot Bitcoin ETF on August 13, 2025, at the Astana International Exchange, providing regulated access to bitcoin investment in Kazakhstan and aiming to boost

13 Aug 2025, 15:49

Dogecoin Forms Bullish Golden Cross, Suggesting Potential for Upward Momentum Towards $0.30

Dogecoin (DOGE) is experiencing bullish momentum, having formed a golden cross on its daily chart, indicating potential price increases. Currently trading at $0.241, it has gained 21% over the past

13 Aug 2025, 15:49

MAGACOIN FINANCE Skyrockets — New L2 Token Touted for 150x Upside Over ETH and XRP

The crypto market’s latest spotlight is on MAGACOIN FINANCE, a Layer-2 token that analysts say could eclipse even Ethereum and XRP in percentage gains. Recognized as one of the best crypto presales for growth-focused portfolios in 2025, some experts are now touting a possible 150x upside as the project nears major exchange listings. MAGACOIN FINANCE: Best Presale Pick for Growth Portfolios in 2025 MAGACOIN FINANCE has emerged as a standout in the 2025 presale scene, blending meme coin appeal with serious DeFi infrastructure. Unlike many early-stage tokens, it is 100% community-owned with zero venture capital influence, no insider allocations, and fully decentralized tokenomics. The project has already drawn 12,000+ holders and millions in presale funds, with momentum accelerating — wallet growth soared 420% month-on-month. Security remains a key focus, with a HashEx audit completed and a CertiK audit underway, complemented by a perfect 100/100 Trust Score on Scam-Detector. Analysts are now flagging MAGACOIN FINANCE as a best-in-class early opportunity, citing performance metrics that outpace SHIB. With rumored top-tier CEX and DEX listings imminent, the presale’s current entry point is seen as potentially pivotal for long-term upside, with forecasts stretching from 35x to 150x in the next cycle. Ethereum: Breakouts Point to $6K, $8K, and Even $20K Targets Ethereum’s native token ETH is on a tear, up roughly 35% this week to above $4,330, its highest level since December 2021. Multiple technical patterns are aligning for a bullish push. A Wyckoff Accumulation breakout suggests a target near $6,000. Meanwhile, a multi-year symmetrical triangle breakout could project ETH toward $8,000 in the coming months. Some analysts, like Nilesh Verma, are even pointing to a historical fractal that could drive ETH to $10,000 minimum, and potentially $20,000 by mid-2026, if momentum holds. Historically, Ethereum has delivered parabolic runs after breaking similar formations, as seen in April 2020’s 950% rally. With favorable macro sentiment and institutional inflows returning, Ethereum’s breakout could fuel a broad altcoin rally. Yet, smaller-cap L2 may still overshadow its percentage upside plays like MAGACOIN FINANCE, which have more room for exponential growth. XRP: Breakout Structure Eyes $15 After Clearing “Final Boss” Resistance XRP is back in the spotlight after breaking above a long-standing resistance channel, now trading above $3 with analysts targeting a run to $15. Veteran market watcher Ali Martinez identifies this as the completion of a multi-month bull flag formation that began after XRP’s 580% surge in late 2024. The recent breakout could lead to a brief retest of the $2.4–$2.5 range before launching into its next leg up. Crypto analyst Dom notes that XRP recently smashed through a significant 29 million token sell wall between $3.25 and $3.50, which he labeled the “final boss” before real price discovery. With this barrier gone, the near-term target sits at $4, while the long-term goal of $15 represents a 328% gain from current levels. Still, while XRP’s structure is bullish, the percentage potential pales compared to early-stage presales like MAGACOIN FINANCE, where upside multiples are exponentially higher. The Bottom Line With Ethereum and XRP breaking major resistance levels, the broader market’s sentiment is turning bullish. Meanwhile, analysts say MAGACOIN FINANCE may be the hidden giant for exponential gains. Backed by strong community ownership, zero-tax tokenomics, and imminent exchange listings, this presale could be 2025’s breakout success story. Learn more at Website: https://magacoinfinance.com Presale: https://magacoinfinance.com/presale X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post MAGACOIN FINANCE Skyrockets — New L2 Token Touted for 150x Upside Over ETH and XRP appeared first on Times Tabloid .