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30 Apr 2026, 13:00
Industry Expert Samson Mow Reveals When The Bitcoin Price Will Hit $1M
Samson Mow, the CEO of Jan3, a BTC-focused tech company, has made a bold call, predicting that the Bitcoin price could eventually explode to $1 million per coin. Mow’s ambitious price forecast adds to the growing list of $1 million Bitcoin price projections by Bitwise and other market experts. The CEO has pointed to supply and demand dynamics as the key factor that could drive this seven-figure price target. Why The Bitcoin Price Could Climb To $1 Million The Bitcoin price is now sitting above $75,000 after a sharp rebound to $79,000, only to quickly reverse most of those gains. Despite its failure to return to its all-time high above $126,000, market experts still maintain strong bullish outlooks for BTC. Notably, Mow’s $1 million price forecast for Bitcoin suggests that the cryptocurrency could surge by over 1,200% or roughly 13x from its current price, marking a staggering gain. Speaking on a podcast, the CEO did not provide a clear timeline for this target. However, he strongly implied that a run to this level is inevitable. Related Reading: Here’s How The Ethereum Vs. Solana Rivalry Is Going He backed his outlook by arguing that Bitcoin could experience a sharp “Omega Candle” that may propel its price toward $1 million. He stated that this move could occur sooner than expected and would likely be driven by a major shift in BTC’s supply and demand dynamics. According to him, the current market appears to be mispricing BTC’s supply, with enough coins still sitting around waiting to be sold. He stated that many people are also being misled into believing that BTC has an infinite supply and that its price will always remain low. However, Mow rejects this view, noting that major Bitcoin treasury companies like Strategy and others are steadily accumulating BTC, which could drive the available supply to extreme lows. Once this happens, the CEO believes that BTC could face a powerful supply shock that could propel its price toward $1 million. Mow also stated that Bitcoin has a habit of moving in directions the market does not expect. He argued that the traditional four-year cycle is dead and suggested that BTC could eventually hit a new ATH sooner than many expect. Despite claims that the market is in a bear market, the CEO believes Bitcoin can continue rising, challenging expectations of a prolonged downturn. Mow Outlines Bull Case For $10 Million BTC Price Another major reason Mow believes BTC could reach $1 million is its potential to evolve into the world’s reserve asset. As demand from institutions rises and more countries adopt the cryptocurrency, Mow expects BTC’s price to continue to increase over time. Related Reading: XRP Price At $25,000? The ‘Divine’ Prediction That Is Setting The Community On Fire He has also projected that the flagship cryptocurrency could eventually surge to $10,000,000 per coin. A massive gain like this would represent a 900% increase from $1 million and an overall gain of more than 13,200% from its current price. Featured image created with Dall.E, chart from Tradingview.com
30 Apr 2026, 13:00
US gov’t sues four states, RWAs cross $30 billion: Month in Charts
The US CFTC has sued four states for trying to enforce state-level gambling laws on prediction markets, meanwhile Strategy stacked over 56,000 BTC.
30 Apr 2026, 12:58
The long con: How North Korean spies spent months in-person to drain $285 million from Drift
The security intelligence research firm said North Korean-state-backed hackers account for 76% of all crypto scam and hack losses in 2026 and have stolen $6 billion since 2017.
30 Apr 2026, 12:57
Shiba inu rises to no 25 with $3.72 billion market value
🚀 Shiba Inu surged to 25th place with a $3.72 billion market value. SHIB gained 1.24 percent in the last 24 hours and is trading at $0.000006314. Continue Reading: Shiba inu rises to no 25 with $3.72 billion market value The post Shiba inu rises to no 25 with $3.72 billion market value appeared first on COINTURK NEWS .
30 Apr 2026, 12:55
Wasabi Hack: ZachXBT Exposes Critical Security Flaws and Alleged Waste on Influencers After $5.5M Breach
BitcoinWorld Wasabi Hack: ZachXBT Exposes Critical Security Flaws and Alleged Waste on Influencers After $5.5M Breach The cryptocurrency community faces fresh turmoil as on-chain analyst ZachXBT publicly condemns the security architecture of memecoin leverage trading protocol Wasabi. This criticism follows a devastating hack that drained approximately $5.5 million from the platform. ZachXBT specifically questioned why a single Externally Owned Account (EOA) held such extensive authority without implementing basic security safeguards. Furthermore, he alleged that project funds were misappropriated for influencer marketing, including payments to prominent key opinion leader (KOL) Kook. Wasabi Hack Details and Immediate Fallout The incident first came to light through a disclosure from Web3 security firm CertiK. Their alert triggered immediate concern across the decentralized finance (DeFi) ecosystem. Wasabi, a protocol designed for leveraged trading of memecoins, quickly acknowledged the issue on social media platform X. The team urged users to cease all interactions with its smart contracts until further notice. This precautionary measure aims to prevent further exploitation while the investigation continues. The estimated losses, confirmed by multiple sources, stand at roughly $5.5 million. This sum represents a significant portion of the protocol’s total value locked (TVL), raising questions about its long-term viability. ZachXBT’s Security Critique: A Single Point of Failure ZachXBT, a respected figure in blockchain forensics, directed sharp criticism at Wasabi’s core security design. He highlighted the reliance on a single Externally Owned Account (EOA) for critical administrative functions. In decentralized systems, EOAs are user-controlled wallets, not smart contracts. Granting such an account unilateral power over protocol operations creates a dangerous single point of failure. This design choice contradicts the fundamental principles of decentralization and multi-signature security. Industry best practices mandate using multi-signature wallets or decentralized autonomous organizations (DAOs) for key management. The lack of these safeguards, according to ZachXBT, made the protocol an attractive target for attackers. He argued that basic security measures could have prevented the entire incident. The Role of Multi-Signature Wallets Multi-signature wallets require multiple private keys to authorize a transaction. This mechanism distributes trust and significantly reduces the risk of a single compromised key leading to a catastrophic loss. Many DeFi protocols have adopted this standard after learning from past hacks. Wasabi’s apparent failure to implement such a system represents a major oversight. The community now debates whether this was a simple mistake or a sign of deeper operational weaknesses. This event serves as a stark reminder for all projects to prioritize security architecture from day one. Allegations of Wasted Funds on Influencer Marketing Beyond the security flaws, ZachXBT leveled serious allegations regarding the project’s financial management. He claimed that a substantial portion of project funds was spent on influencer marketing campaigns. Specifically, he mentioned payments to a KOL known as Kook. This accusation touches on a sensitive topic in the crypto space: the effectiveness and ethics of paying influencers to promote projects. Critics argue that such spending often inflates token prices artificially without building real value. It also diverts funds from essential areas like development and security. If true, these allegations paint a picture of a project that prioritized hype over substance. The community now demands transparency regarding Wasabi’s treasury and spending history. Impact on Investor Trust The combination of a major hack and alleged financial mismanagement has severely damaged investor confidence. Many users who trusted the protocol with their funds now face significant losses. The revelation that money might have been spent on influencers rather than security audits compounds their frustration. This incident highlights the risks associated with investing in unaudited or poorly secured DeFi projects. It also underscores the importance of due diligence before committing capital to any new protocol. The crypto market remains highly volatile, and security breaches like this one can wipe out entire portfolios in minutes. Timeline of the Wasabi Incident Understanding the sequence of events helps clarify the severity of the situation. The hack likely occurred over a short period, exploiting the EOA’s elevated permissions. CertiK’s detection system flagged the suspicious transactions almost immediately. Their public alert served as a crucial early warning for the broader community. Wasabi’s response, while prompt, came after the damage was already done. The team’s decision to pause all contract interactions was a necessary but reactive measure. This timeline reveals a pattern of detection after exploitation, rather than prevention. Proactive security measures, such as real-time monitoring and circuit breakers, could have changed the outcome. Broader Implications for Memecoin Leverage Trading The Wasabi hack raises important questions about the entire memecoin leverage trading sector. These protocols allow users to trade volatile memecoins with borrowed capital, amplifying both gains and losses. The high-risk nature of these assets makes security even more critical. A single exploit can trigger cascading liquidations and widespread market disruption. Regulators and industry watchdogs are likely to take note of this incident. It may prompt calls for stricter oversight of such platforms. For now, the incident serves as a cautionary tale for traders seeking high returns through leverage. The promise of quick profits must always be weighed against the potential for total loss. Comparison with Other Recent DeFi Hacks This event is not an isolated one. The DeFi space has seen numerous high-profile hacks in recent years. Projects like Wormhole, Ronin Network, and Poly Network suffered losses exceeding hundreds of millions of dollars. Common threads in these incidents include compromised private keys, smart contract bugs, and governance attacks. Wasabi’s case shares the key vulnerability of centralized control. Each hack reinforces the need for continuous security innovation. The industry must move beyond reactive measures and adopt a culture of proactive risk management. Security audits, bug bounties, and formal verification processes are no longer optional—they are essential. Protocol Loss (USD) Primary Vulnerability Year Wasabi $5.5 million Single EOA Authority 2025 Wormhole $326 million Smart Contract Exploit 2022 Ronin Network $540 million Compromised Private Keys 2022 Poly Network $611 million Contract Vulnerability 2021 Lessons for the Crypto Community The Wasabi hack offers several critical lessons for developers, investors, and users alike. First, security must be a foundational priority, not an afterthought. Projects should implement multi-signature controls, conduct regular audits, and establish emergency response plans. Second, transparency in financial management builds trust. Investors deserve clear information about how funds are allocated, including marketing budgets. Third, the role of influencers in crypto requires careful scrutiny. Users should question the motives behind promotional content and seek independent verification. Finally, the community must continue to support on-chain analysts like ZachXBT. Their work provides an essential layer of accountability in a largely unregulated space. Conclusion The Wasabi hack, now estimated at $5.5 million, exposes critical vulnerabilities in memecoin leverage trading protocols. ZachXBT’s security critique highlights the dangers of centralized control through a single Externally Owned Account. The allegations of wasted funds on influencer marketing further erode trust in the project’s management. This incident serves as a powerful reminder that robust security architecture and transparent financial practices are non-negotiable in the cryptocurrency ecosystem. As the investigation continues, the community watches closely to see how Wasabi responds and what broader changes may follow. The future of leveraged memecoin trading may depend on the lessons learned from this costly breach. FAQs Q1: What exactly happened in the Wasabi hack? A1: An attacker exploited a security vulnerability in the Wasabi protocol, draining approximately $5.5 million. The vulnerability involved a single Externally Owned Account (EOA) with excessive authority, which lacked basic multi-signature safeguards. Q2: Who is ZachXBT and why is his criticism important? A2: ZachXBT is a well-known on-chain analyst and blockchain investigator. His critiques carry significant weight in the crypto community because of his proven track record in identifying scams and security flaws. His analysis of the Wasabi hack has brought widespread attention to the protocol’s failures. Q3: What is a memecoin leverage trading protocol? A3: A memecoin leverage trading protocol allows users to trade volatile, often community-driven cryptocurrencies (memecoins) using borrowed funds. This amplifies potential profits but also increases the risk of significant losses. Security is especially critical in these high-risk environments. Q4: How can investors protect themselves from similar hacks? A4: Investors should research a project’s security measures before investing. Look for multi-signature wallets, regular security audits, and a transparent team. Avoid protocols with centralized control points. Diversifying investments and only risking capital you can afford to lose are also wise strategies. Q5: What are the allegations regarding influencer marketing? A5: ZachXBT alleged that Wasabi spent project funds on paying influencers, specifically mentioning KOL Kook, to promote the protocol. This is criticized as a misuse of funds that should have been allocated to security and development, potentially misleading investors. Q6: What is a single Externally Owned Account (EOA) vulnerability? A6: An EOA is a standard user-controlled wallet. When a protocol grants a single EOA critical administrative powers, it creates a single point of failure. If that wallet is compromised, the attacker gains full control. Using a multi-signature wallet, which requires multiple keys to authorize actions, prevents this vulnerability. This post Wasabi Hack: ZachXBT Exposes Critical Security Flaws and Alleged Waste on Influencers After $5.5M Breach first appeared on BitcoinWorld .
30 Apr 2026, 12:51
Market Updates: Meta Introduces USDC Creator Payouts in Select Markets, Visa Expands Stablecoin Pilot Across Five Networks, Hong Kong Warns of Fake Stablecoin T...
Latest Market Updates: As of 30th April 2026. In crypto markets today, stablecoins are regaining global momentum as tech firms, payment networks, and regulators move in parallel. Visit Website
