13 Aug 2025, 08:40

CrediX Hacker’s Alarming Move: Half of Stolen Funds Sent to Tornado Cash

BitcoinWorld CrediX Hacker’s Alarming Move: Half of Stolen Funds Sent to Tornado Cash The cryptocurrency world often experiences rapid developments, and sometimes, these developments highlight significant challenges. Recently, a major incident involving a CrediX hacker has sent ripples across the decentralized finance (DeFi) space. This individual, responsible for a substantial exploit, has reportedly moved a significant portion of the ill-gotten gains. Understanding the CrediX Hacker’s Tactics According to alerts from CertiK on X, the attacker who exploited the decentralized lending protocol CrediX has transferred 50% of the stolen crypto funds to a notorious crypto mixer, Tornado Cash . This move is a common tactic employed by hackers to obscure the trail of illicit transactions. What is Tornado Cash? It is a privacy-enhancing tool that mixes various cryptocurrency transactions, making it extremely difficult to trace the origin or destination of specific funds. Why is this significant? The transfer to Tornado Cash complicates efforts by investigators and law enforcement to recover the stolen assets, highlighting a persistent challenge in the crypto space. The initial exploit on CrediX resulted in total losses estimated at approximately $4.5 million. Despite the recent transfer, the CrediX hacker ‘s wallet still holds a substantial amount, specifically 630 ETH, which is valued at roughly $2.8 million. This indicates that while half has been laundered, a significant portion remains potentially trackable. The Broader Impact on Decentralized Lending Protocols This incident serves as a stark reminder of the inherent risks associated with the rapidly evolving DeFi ecosystem. When a decentralized lending protocol suffers a hack, it not only impacts the direct users but also erodes trust across the entire sector. The challenge of recovering stolen crypto funds remains a critical concern for the industry. Erosion of Trust: Such exploits can make potential users hesitant to engage with DeFi platforms, fearing similar losses. Reputational Damage: Protocols like CrediX face significant reputational damage, which can affect their long-term viability and growth. Regulatory Scrutiny: Incidents involving mixers like Tornado Cash often attract increased attention from regulators, who are keen to curb illicit financial activities within the crypto space. The movement of funds through mixers underscores the ongoing battle between privacy tools and the need for accountability in a decentralized environment. This balance is crucial for the sustainable growth of blockchain technology. Strengthening Crypto Security in DeFi The CrediX hack, and the subsequent movement of funds, emphasizes the urgent need for robust crypto security measures across all DeFi platforms. Both protocols and users must adopt best practices to mitigate risks. For Protocols: Implementing rigorous smart contract audits, establishing bug bounty programs, and deploying real-time monitoring systems are essential. Continuous security enhancements are not optional. For Users: Exercising caution, using reputable platforms, and understanding the risks involved in DeFi investments are paramount. Always verify transaction details and be wary of suspicious links or requests. While the decentralized nature of these protocols offers immense innovation, it also presents unique vulnerabilities. Learning from incidents involving the CrediX hacker is vital for the collective improvement of the ecosystem’s resilience against future threats. The movement of stolen crypto funds by the CrediX hacker to Tornado Cash is a concerning development for the DeFi community. It highlights the persistent challenges of securing decentralized lending protocols and tracing illicit transactions. While the attacker managed to obscure half of the funds, the remaining ETH still offers a glimmer of hope for potential recovery. This event serves as a powerful call to action for heightened crypto security measures and continued vigilance across the entire blockchain landscape. The future of DeFi hinges on its ability to build trust and protect user assets effectively. Frequently Asked Questions (FAQs) Q1: What exactly happened to CrediX? A hacker exploited the decentralized lending protocol CrediX, resulting in the theft of approximately $4.5 million in cryptocurrency. Half of these stolen funds were then moved to Tornado Cash. Q2: What is Tornado Cash and why is it used by hackers? Tornado Cash is a decentralized privacy tool that mixes cryptocurrency transactions from various users. Hackers use it to obfuscate the origin and destination of stolen funds, making them extremely difficult to trace and recover. Q3: Can the stolen crypto funds from the CrediX hack be recovered? Recovering funds moved through mixers like Tornado Cash is very challenging due to the anonymizing nature of the service. However, the hacker’s wallet still holds 630 ETH, which remains potentially traceable. Q4: How does this incident impact decentralized lending protocols? Such hacks erode user trust in decentralized lending protocols and can lead to significant reputational damage. They also underscore the critical need for enhanced crypto security measures and rigorous audits within the DeFi space. Q5: What steps can users take to protect themselves in DeFi? Users should always conduct thorough research on protocols, use multi-factor authentication, be wary of phishing attempts, and understand the risks associated with investing in new or unaudited decentralized lending protocols. Did you find this article informative? Share it with your network to help raise awareness about the latest crypto security challenges and developments in the DeFi space! To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance security and institutional adoption. This post CrediX Hacker’s Alarming Move: Half of Stolen Funds Sent to Tornado Cash first appeared on BitcoinWorld and is written by Editorial Team

13 Aug 2025, 08:37

BNB close to $822 post upgrade but this altcoin may deliver bigger ROI in 60 days

Binance Coin (BNB) has been grabbing headlines with its recent upgrade, pushing its price close to $822. While BNB’s growth is impressive, savvy traders looking for a sharper short-term return are now setting their sights on a fresh contender in the crypto space— Mutuum Finance (MUTM) . This Layer-2 DeFi protocol is currently in Phase 6 of its presale at $0.035, and it’s gearing up for a breakout that promises a more attractive return in just 60 days, making it an ideal play for traders focused on the presale-to-listing window. BNB nears $822 after Maxwell upgrade Binance Coin (BNB) surged 6.9% over the past week, trading at ~$821.68 as of August 11, 2025, approaching $822, per CoinMarketCap data. The rally, with a 24-hour trading volume of $2.16 billion, follows the BNB Chain’s Maxwell upgrade, enhancing scalability and reducing transaction costs by 20%, per blockchair.com. Institutional accumulation, including Nano Labs’ $108 million BNB purchase and a $500 million treasury deal by CEA Industries, boosted sentiment, per CoinDesk. Technical indicators show BNB breaking $798 resistance, with RSI at 47.73 and support at $777, per fxleaders.com. On-chain data highlights 3.8 million daily transactions, reinforcing network strength. Analysts eye $950 if $830 clears, but macro pressures like U.S. tariffs and a $210 million token unlock pose risks. A drop below $777 could test $680. Mutuum Finance (MUTM): stablecoin innovation paves the way for explosive lending growth Mutuum Finance (MUTM) is not just another DeFi token chasing hype. The project’s cornerstone will be a decentralized stablecoin that innovates by ensuring a stable $1 value through a smart minting and burning process. This stablecoin is minted only when users borrow against overcollateralized assets like ETH, and it is burned automatically upon loan repayment or liquidation. What sets this stablecoin apart is the controlled issuance by approved “issuers” with strict minting limits, designed to minimize risk exposure for large holders. Interest rates on borrowing this stablecoin are dynamically adjusted by Mutuum Finance (MUTM)’s governance, not by market supply and demand. When the stablecoin price climbs above $1, borrowing rates drop to encourage minting, while prices below $1 push rates up, promoting burning and price stabilization. This system, coupled with market arbitrage opportunities, keeps the stablecoin’s value steady. Overcollateralization and automatic liquidation ensure the protocol remains safe and solvent. This careful design will support high lending velocity once live, enabling rapid liquidity movement and creating strong demand for MUTM tokens as the platform scales. Currently in Phase 6 of its presale, Mutuum Finance (MUTM) has raised around $14.30 million and boasts over 15,100 holders. About 15% of the total 4 billion MUTM tokens have been sold, reflecting growing investor confidence as the project advances. The upcoming Phase 7 will raise the price to $0.040, creating urgency to buy now before the price rises again. Clear math shows potential gains from presale to listing For traders focused on short-term profits, Mutuum Finance (MUTM)’s presale-to-listing window offers a compelling arithmetic case. Purchasing $5,000 worth of MUTM tokens at the current $0.035 price will yield approximately 142,857 tokens. When the token lists at the planned $0.06, these holdings will be worth $8,571.43, representing a $3,571.43 profit—a 72% gain within a relatively short time frame. This projection is purely based on token price appreciation from presale to listing, separate from additional staking yields that will become available once the platform’s features are fully launched. Such clear and quantifiable upside is a key driver for traders who want to lock in gains while minimizing guesswork. Mutuum Finance (MUTM)’s carefully mapped roadmap provides the catalysts that will concentrate demand and liquidity toward the launch. Phase 3 is slated to deliver a beta release, final security audits, and preparations for major exchange listings, all anticipated to occur within the next few weeks. These milestones will be pivotal, drawing in both retail and institutional interest, driving trading volumes, and fueling price momentum. Security remains a top priority, with Mutuum Finance (MUTM)’s smart contracts undergoing rigorous reviews from CertiK, earning an impressive Token Scan score of 95 and a Skynet score of 78. The protocol also maintains a $50,000 USDT bug bounty program rewarding critical discoveries up to $2,000, further safeguarding the platform. Complementing these features is a $100,000 MUTM giveaway campaign that has helped grow the community to more than 12,000 Twitter followers, signaling healthy investor engagement. Traders should note that with Phase 6 already 15% sold, the time to secure MUTM tokens at $0.035 is limited. The impending price jump to $0.040 in Phase 7 means that waiting will erode potential profits. Mutuum Finance (MUTM) is not just a project with great long-term promise—it is a rare short-term opportunity to multiply capital quickly before the wider market recognizes its full potential. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.com Linktree: https://linktr.ee/mutuumfinance The post BNB close to $822 post upgrade but this altcoin may deliver bigger ROI in 60 days appeared first on Invezz

13 Aug 2025, 08:37

Ethereum Approaches All-Time High as Daily Transactions Reach 1.875 Million, Indicating Strong Market Momentum

Ethereum is experiencing a surge in network activity, with daily transactions reaching 1.875 million, indicating strong market momentum as it approaches a price resistance of $4,750. Ethereum’s daily transactions hit

13 Aug 2025, 08:35

BNY Mellon to manage OpenEden’s tokenized T-Bill fund

The Bank of New York Mellon Corporation (BNY) will take over investment management and custody services for OpenEden’s Tokenized US Treasury Bills Fund, TBILL. It confirmed the news on X, saying , “The integration of OpenEden’s tokenization platform with BNY’s investment expertise and asset servicing capabilities marks a significant milestone in the evolution of RWAs, reinforcing our commitment to jointly support the end-to-end lifecycle of tokenized assets.” Dreyfus will serve as sub-manager for the TBILL fund According to OpenEden, $TBILL offers investors a way to gain exposure to a mix of short-dated U.S. Treasury Bills and overnight reverse repos through minting the TBILL token. It is also the first tokenized U.S. Treasury fund to achieve Moody’s investment-grade “A” rating. Normally, an “A” rating represents an upper-medium-grade quality asset with minimal credit risk and strong repayment capacity; conventionally, it means the fund is safe. OpenEden has partnered with BNY Mellon, one of Wall Street’s oldest and largest custodians, for the fund. Dreyfus, part of BNY Mellon’s investment management division, will act as sub-manager, while BNY will serve as the primary custodian of the fund’s underlying assets. On their collaboration, Jeremy Ng, Founder and CEO of OpenEden, explained that it will help set a new standard for trust and ease of access in digital assets. On X, OpenEden stated that its collaboration with BNY will “bring regulated, institutional-grade assets on-chain for global investors.” Furthermore, BNY Mellon’s global head of investments and wealth, Jose Minaya, highlighted the bank’s intention to link traditional finance and evolving digital asset technology, adding that the partnership will help extend its liquidity management capabilities. BNY Mellon has been actively involved in digital assets since 2022 BNY Mellon debuted its digital custody platform to secure Bitcoin and Ether for institutional clients in 2022. The platform now handles private key storage, fund access, and bookkeeping for additional assets. Before then, the bank had partnered with Circle to serve as the custodian for the USDC coin. It also worked with blockchain platform, Chainalysis, to provide traditional financial institutions with tools to track and analyze cryptocurrencies. On April 3, BNY Mellon launched a digital asset data insights platform, providing comprehensive on-chain and off-chain data across multiple blockchain networks. In July, the bank teamed up with Goldman Sachs on a money market fund initiative, leveraging Goldman Sachs’ blockchain technology to maintain customer ownership records for select funds. Together, they will enable fund managers to process MMF subscriptions via BNY’s LiquidityDirect and Digital Asset platforms, with tokenized values tracked through GS DAP’s mirrored record system. The initial rollout will include BlackRock, BNY Investments Dreyfus, Federated Hermes, Fidelity Investments, and Goldman Sachs Asset Management. Laide Majiyagbe, BNY’s Global Head of Liquidity, Financing, and Collateral, said the partnership reflects the bank’s commitment to building scalable, secure solutions shaping the future of finance. She emphasized that working with Goldman Sachs Digital Assets underscores BNY’s role as a trusted bridge between traditional finance and emerging technologies, helping clients confidently embrace innovation. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

13 Aug 2025, 08:33

Ethereum-Based Meme Coin ‘Pepeto’ Nears Stage 9, Raises Over $6.09M in Presale

Dubai, UAE, August 13th, 2025, Chainwire Pepeto , the Ethereum-based meme coin, is approaching the end of Stage 8 of its presale after raising $6,096,096.67 in total. With more than 100 billion tokens sold so far, the Pepeto team points to consistent demand from both meme coin enthusiasts and the broader crypto community as the driver behind its steady progress. Built on Ethereum and integrating a zero-fee exchange model, Pepeto aims to combine utility with meme culture. The project’s audited infrastructure, reviewed by SolidProof and Coinsult, and community-focused approach have contributed to its legitimacy and growing investor confidence. Stage 9 is the next step in the project’s timeline toward public launch. Stage 8 Nears Sellout as Project Advances The nearing completion of Stage 8 is more than a milestone, it reflects investor sentiment. The project reports that each stage has moved faster than expected, driven by increasing participation from new and returning contributors. At a current price of $0.000000146, Pepeto offers early entry with room for potential growth, matching the total supply of 420 trillion tokens, the same as PEPE. Unlike many meme coins built solely on viral marketing, Pepeto is anchored by a defined roadmap and tangible developments. Its upcoming platform aims to enhance accessibility, provide zero-fee trading, and bridge multiple blockchain networks, positioning it to scale effectively while appealing to a wide investor base. Community-Driven Growth and Strategic Foundations Pepeto’s visibility is supported by both structured development and active community engagement. The team’s presence across X and Telegram has fueled awareness while reinforcing transparency. In parallel, development milestones, including the launch of a demo version of its PepetoSwap exchange, have showcased its readiness for market entry. The project’s emphasis on combining staking rewards of up to 247% APY with scalable infrastructure has been cited by the team as a differentiator in the meme coin space. This measured approach, combined with regular updates and verified audits, positions Pepeto as a project working toward sustained growth rather than short-lived hype. What Comes Next for $PEPETO According to the team, with Stage 9 about to begin, Pepeto is preparing for further growth ahead of its public listing. The team has announced that applications for legitimate Web3 project owners to list on its upcoming platform will open in Stage 2 of its post-launch rollout. Alongside this, the demo exchange display, already live, will transition into its full version, expanding the project’s ecosystem. Future plans also include expanding marketing reach, integrating additional trading tools, and leveraging community incentives to maintain engagement before listing. The team believes that these developments, combined with the established audit-backed trust, will help Pepeto stand out as a credible contender in the meme coin market. Disclaimer: To buy PEPETO, users must make sure to use the official website: https://pepeto.io. As the listing draws closer, some are attempting to capitalize on the hype by using the name to mislead investors with fake platforms. Stay cautious and verify the source. About Pepeto Pepeto is an Ethereum-based meme coin in its presale stages, merging viral meme culture with real-world crypto utility. Built for investors looking for the next big crypto presale, the project offers zero-fee trading, a cross-chain bridge, and high-yield staking opportunities, all backed by two independent smart contract audits. Designed to compete with top Ethereum meme coins, Pepeto’s platform aims to deliver scalable performance and long-term value while attracting a global community of traders and holders. With its low entry price and clear roadmap, Pepeto positions itself as a high-potential meme coin to watch ahead of its public listing. Contact COO Daniel B. [email protected]

13 Aug 2025, 08:32

XRP could hit $3.8 on trend, but Ripple isn’t today’s best crypto buy

XRP is currently demonstrating significant bullish potential. Analysts observe its price bouncing firmly off a major ascending trendline. Consequently, it has successfully transformed former resistance levels into solid support. The broader crypto market is showing upward momentum. Therefore, XRP’s price could continue its current positive trend into the coming week. Technical analyst Lingrid suggests this move might propel XRP towards its previous all-time high levels. However, a major decline is anticipated afterwards. Despite this potential surge for XRP, other opportunities appear more promising right now. XRP technical setup and market position XRP’s price is presently holding support above $3. This follows a brief dip below this critical level. The cryptocurrency has now broken above that resistance decisively. This breakout signals a probable trend continuation. A bounce from this level, coupled with a breakout above $3.4, could trigger rapid upward movement. The analyst identifies a buy zone between $3.1 and $3.2. A successful breakout might fuel a 20% price surge, targeting $3.8. Nevertheless, risks remain substantial. A drop below $3 would invalidate this bullish structure. Such a breakdown would likely shift control back to bearish forces. Market weakening could also limit XRP’s upside potential. Even reaching $3.8 might trigger a sharp price rejection. Mutuum Finance presale achieves major funding milestone Investors are actively seeking alternatives with stronger near-term foundations. Mutuum Finance (MUTM) exemplifies this shift, attracting substantial capital during its ongoing presale. Phase 6 is currently underway, offering tokens at $0.035. This represents a 250% increase from the initial phase one price of $0.01. Momentum is undeniable. The project has already secured $14,300,000 in funding. Furthermore, over 675 million MUTM tokens have been purchased. Total MUTM holders now exceed 15,150 individuals. Phase 6 is selling out rapidly. Consequently, the window to acquire tokens at this discounted rate is closing fast. Phase 7 will commence shortly, raising the price by 14.3% to $0.04. Mutuum Finance (MUTM) will ultimately launch at $0.06. Investors buying now could realize gains exceeding 300% post-launch. Mutuum Finance core utility and security assurance Mutuum Finance (MUTM) delivers genuine utility within decentralized finance. Its core function centers on a dual-lending framework. This integrates Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending protocols. P2C allows tokenization of established assets like ETH or BTC. Users earn interest through mtTokens, currently projected at 12% APY. These mtTokens can then be staked for additional MUTM rewards. P2P facilitates direct lending agreements between users. It supports higher-risk assets, potentially offering variable interest rates like 33% APY for specific loans. This dual model caters to diverse crypto investment strategies. Moreover, security is paramount. Mutuum Finance has successfully concluded its CertiK audit. The audit yielded an impressive 95.00 security score. The project reinforces its security commitment through an official Bug Bounty Program. Partnering with CertiK, $50,000 USDT is allocated for rewards. Rewards are tiered based on vulnerability severity: critical, major, minor, and low. The project also incentivizes long-term holding. A dedicated dashboard now features a leaderboard tracking the top 50 MUTM holders. These leading holders will earn bonus tokens for maintaining their positions. This initiative encourages sustained investor commitment. Strategic crypto investment choice emerges While XRP exhibits potential for a surge towards $3.8, its path carries notable uncertainty and potential rejection. Mutuum Finance (MUTM) presents a compelling counterpoint. It’s ongoing Phase 6 presale offers tangible, near-term growth potential. Early participants benefit directly from the structured price increases leading to the $0.06 launch. The project’s solid security credentials, clear utility in DeFi lending, and active community initiatives solidify its position. Analysts are projecting substantial long-term value appreciation for MUTM. Investors seeking the best crypto to buy now should evaluate Mutuum Finance (MUTM) before Phase 6 concludes. Secure tokens at $0.035 today. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post XRP could hit $3.8 on trend, but Ripple isn’t today’s best crypto buy appeared first on Invezz