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1 Jun 2026, 18:20

KelpDAO Hacker Moves $220M Through Tornado Cash, Funds on Arbitrum Frozen

BitcoinWorld KelpDAO Hacker Moves $220M Through Tornado Cash, Funds on Arbitrum Frozen The hacker responsible for the $293 million exploit of decentralized finance protocol KelpDAO has successfully laundered the vast majority of stolen funds, with only a portion remaining frozen on the Arbitrum network, according to reports from Cointelegraph. Approximately $220 million was moved through the cryptocurrency mixer Tornado Cash, effectively placing the funds beyond practical recovery. Details of the Laundering Operation Blockchain investigators tracked the movement of the stolen assets as they were funneled through Tornado Cash, a decentralized mixing service designed to obscure transaction trails. The use of such mixers is a common tactic among cybercriminals seeking to sever the link between stolen funds and their wallets. In this case, the speed and scale of the operation indicate a highly organized effort to liquidate and anonymize the proceeds before law enforcement or protocol teams could intervene. Frozen Funds on Arbitrum and Legal Proceedings The remaining $71 million, which was initially frozen on the Arbitrum network through a coordinated effort between KelpDAO and blockchain security firms, has since been transferred to a multisig wallet associated with the lending protocol Aave. The funds are now subject to a court decision, which will determine whether they can be returned to KelpDAO or distributed to affected users. This legal avenue represents a rare potential recovery path in an otherwise grim outcome for the protocol’s stakeholders. Implications for DeFi Security and Asset Recovery This incident underscores the persistent vulnerability of decentralized finance platforms to sophisticated attacks and the challenges of asset recovery once funds enter privacy-focused mixers. The ability to freeze funds on layer-2 networks like Arbitrum demonstrates a growing coordination between protocols and security teams, but the success of the laundering operation highlights the limitations of current countermeasures. For investors and users, the case serves as a stark reminder of the risks inherent in the DeFi ecosystem, where smart contract exploits can lead to total loss of capital. Conclusion The KelpDAO hack stands as one of the largest DeFi exploits of the year, with the hacker now having successfully laundered nearly all of the stolen value. The frozen $71 million on Arbitrum, now held in an Aave multisig wallet, represents the only remaining hope for partial recovery. The outcome of the court case will be closely watched by the broader crypto community as a precedent for legal recourse in blockchain-based theft. FAQs Q1: What is Tornado Cash and why is it used by hackers? Tornado Cash is a decentralized cryptocurrency mixer that breaks the on-chain link between sender and recipient addresses, making it extremely difficult to trace stolen funds. Hackers use it to launder assets because it provides a high degree of anonymity. Q2: Can the frozen $71 million on Arbitrum be recovered? Recovery is possible but not guaranteed. The funds are held in an Aave multisig wallet pending a court decision. If the court rules in favor of KelpDAO, the funds could be returned to the protocol and potentially redistributed to affected users. Q3: What does this mean for the future of DeFi security? The KelpDAO exploit highlights ongoing security gaps in smart contract design and the difficulty of recovering funds once they enter privacy mixers. It is likely to accelerate calls for better auditing, real-time monitoring, and faster response mechanisms within the DeFi space. This post KelpDAO Hacker Moves $220M Through Tornado Cash, Funds on Arbitrum Frozen first appeared on BitcoinWorld .

1 Jun 2026, 18:15

Iran and Axis of Resistance Announce Plan to Fully Blockade Strait of Hormuz

BitcoinWorld Iran and Axis of Resistance Announce Plan to Fully Blockade Strait of Hormuz Iran, in coordination with its regional allies in the Axis of Resistance, has decided to impose a full blockade on the Strait of Hormuz, according to a report published by Iran’s semi-official Tasnim News Agency. The report, which did not specify a timeline or operational details, stated that additional maritime chokepoints, including the Bab el-Mandeb Strait, could also be targeted as part of the broader response. Strategic Implications of a Strait of Hormuz Blockade The Strait of Hormuz is one of the world’s most strategically important waterways, connecting the Persian Gulf to the Gulf of Oman and the open ocean. Approximately 20% of the world’s oil passes through this narrow channel, making it a critical artery for global energy supplies. A blockade would effectively cut off oil exports from major producers such as Saudi Arabia, Iraq, Kuwait, the United Arab Emirates, and Qatar, as well as Iran itself. Iran has previously threatened to close the strait in response to economic sanctions or military pressure, but has never followed through with a sustained blockade. The latest announcement, if implemented, would represent a significant escalation in regional tensions and could trigger a direct confrontation with the United States and its allies, who have repeatedly stated that they would intervene to keep the waterway open. Broader Regional Context The Tasnim report linked the blockade decision to ongoing developments in the region, including the conflict in Gaza and heightened tensions between Iran and Israel. The mention of the Bab el-Mandeb Strait is notable, as it suggests a coordinated strategy to disrupt maritime traffic at multiple points simultaneously. The Bab el-Mandeb, located between Yemen and Djibouti, is another critical chokepoint for oil and commercial shipping, and has been a focal point of attacks by Houthi forces in recent months. Iran’s Axis of Resistance includes a network of allied groups and governments, such as Hezbollah in Lebanon, the Houthi movement in Yemen, and various militias in Iraq and Syria. The coordination implied by the Tasnim report indicates a unified command structure capable of executing complex military operations across multiple theaters. Impact on Global Oil Markets and Shipping News of the potential blockade has already contributed to volatility in global oil markets. Analysts warn that even the credible threat of a blockade could drive up oil prices, as traders price in the risk of supply disruptions. Insurance premiums for vessels transiting the region are expected to rise sharply, and shipping companies may begin rerouting cargoes around the Arabian Peninsula, adding significant time and cost to voyages. The blockade would also have immediate humanitarian and economic consequences for countries heavily dependent on oil imports, particularly in Asia. Japan, India, South Korea, and China are among the largest consumers of Persian Gulf oil and would be most vulnerable to supply interruptions. Conclusion The announcement by Tasnim News Agency represents a serious and credible threat to global energy security and regional stability. While the operational details remain unclear, the strategic coordination implied by the report suggests that Iran and its allies are preparing for a significant escalation. The international community will be closely watching for any confirmation or denial from official Iranian channels, as well as any military preparations in the region. The situation remains highly fluid, and further developments are expected in the coming days. FAQs Q1: What is the Strait of Hormuz and why is it important? The Strait of Hormuz is a narrow waterway between Iran and Oman that connects the Persian Gulf to the open ocean. It is a critical chokepoint for global oil shipments, with about 20% of the world’s oil passing through it daily. Q2: Has Iran blockaded the Strait of Hormuz before? Iran has frequently threatened to close the strait in response to sanctions or military pressure, but has never carried out a sustained blockade. Previous threats have led to heightened military readiness by the U.S. and allied navies. Q3: What is the Axis of Resistance? The Axis of Resistance is a term used to describe a network of Iran-aligned groups and governments, including Hezbollah, the Houthi movement, and various Iraqi and Syrian militias. They coordinate politically and militarily with Iran to oppose U.S. and Israeli influence in the region. This post Iran and Axis of Resistance Announce Plan to Fully Blockade Strait of Hormuz first appeared on BitcoinWorld .

1 Jun 2026, 18:07

Bitmine slows ETH purchases by 75 percent, holds $53M

🚨 Bitmine cut $ETH purchases by 75 percent, adding $53 million this week. Bitmine now controls nearly 4.5 percent of all circulating Ethereum. 🥇 With over 4.7 million ETH staked, Bitmine leads in $ETH staking income. Continue Reading: Bitmine slows ETH purchases by 75 percent, holds $53M The post Bitmine slows ETH purchases by 75 percent, holds $53M appeared first on COINTURK NEWS .

1 Jun 2026, 18:02

Dark Defender Says XRP, XLM, and HBAR Prices Will Skyrocket. Here’s why

A new post from crypto analyst Dark Defender (@DefendDark) is getting attention across the digital asset community. He highlighted XRP, XLM, and HBAR, noting that each serves a distinct purpose, and all three will be used at scale. He pointed out that all three assets can move value and support real-world asset tokenization within different niches. XRP: The Institutional Rail Dark Defender positions XRP squarely in the institutional space. He pointed to the Bank of Japan and Bank of America, highlighting large-scale cross-border settlement as the token’s primary use case. XRP has been making notable strides in the tokenization space. In 2025, the Dubai Land Department launched its tokenized real estate platform using the XRP Ledger as its blockchain backbone. Dubai’s initiative projects $16 billion in tokenized real estate by 2033, equivalent to 7% of the city’s total property transactions. Archax, the UK-regulated digital securities exchange, has committed to placing $1 billion onto the ledger by mid-2026. Société Générale launched its euro stablecoin on XRPL. ALL 3 move value & support tokenisation to some extent, and the niches are different #XRP : Institutions Bank of Japan Bank of America #XLM : Public Every day life, such as buying #HBAR : Enterprises For its database/trust layer ALL 3 will be used, ALL 3 will surge. — Dark Defender (@DefendDark) May 31, 2026 XLM: The Public Blockchain for Everyday Use Dark Defender describes XLM’s niche as public and practical. He suggests that the masses will use the digital asset for everyday needs. Stellar is built for accessible, low-cost payments at the consumer level. XLM recently received a significant institutional endorsement. DTCC, the Wall Street clearinghouse whose subsidiaries processed $4.7 quadrillion in securities transactions in 2025, announced it will connect its tokenization platform to the Stellar network . This follows a December 2025 SEC no-action letter permitting DTCC to tokenize assets, including Russell 1000 stocks, ETFs, and U.S. Treasuries. XLM experienced its highest growth in a long time following the announcement. HBAR: The Enterprise Trust Layer Dark Defender identifies HBAR as an enterprise tool, a “database/trust layer,” in his words. Hedera’s design suits institutional data integrity more than open financial markets. Recent deployments reflect this positioning. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Platforms including Archax, Tokeny, and Swarm are tokenizing regulated assets on the network, including money market funds connected to BlackRock and Fidelity . Georgia’s Ministry of Justice has announced plans to migrate its national real estate registry onto Hedera. One Narrative, Three Assets Community sentiment around these assets remains strong. One response to the post captures the general tone. He says , “HBAR & XLM are good investments.” He warned investors to avoid selling their XRP to buy more , suggesting they accumulate all three. The view that these tokens occupy complementary roles, rather than competing ones, is gaining ground. Dark Defender’s conclusion reinforces this: “ALL 3 will be used, ALL 3 will surge.” 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Dark Defender Says XRP, XLM, and HBAR Prices Will Skyrocket. Here’s why appeared first on Times Tabloid .

1 Jun 2026, 18:02

Bitcoin realized volatility falls to just 17%

Bitcoin ( BTC ) realized volatility, a measure of price movement, dropped to a multi-year low as of June 1, 2026. Bitcoin’s one-week realized volatility has fallen to roughly 17%, down over 56% from its second-quarter peak of around 39%, according to data from CryptoQuant . As such, BTC 1-week volatility has revisited its 2026 low, which preceded the January-February capitulation. BTC realized volatility (1-week). Source: CryptoQuant Despite the recent Bitcoin price rally from $65,000 to slightly above $82,000, its 1-week volatility has continued to contract. For context, BTC’s realized volatility over 1 week surged above 90% during the 2020 Black Thursday, triggered by the Covid-19 pandemic, and above 75% during the 2021 crypto bull market. However, Bitcoin’s 1-week realized volatility has ranged around 34% in recent years, due to rising institutional investor adoption. Additionally, BTC’s volatility has been closely correlated with Gold, despite the flagship coin underperforming stocks and precious metals, as per analysis recently shared by Eric Balchunas, an ETF analyst. 60-day historical volume since IBIT launched vs Gold. Source: Bloomberg What’s next for Bitcoin price amid reduced realized volatility? The notable decline in Bitcoin’s 1-week realized volatility could signal a calm before the storm. Historically, major BTC price moves, in either direction, have followed this tool dropping to around 17%. “History is consistent with what usually comes next. Deep volatility compression rarely resolves quietly. It tends to come before large directional moves because forced calm eventually ends with a release,” Axel Adler noted . As such, if the flagship coin reclaims its 200-day Simple Moving Average (SMA) amid rising volatility, a risk-on breakout could be confirmed. However, if BTC price continues to drop, possibly below $70,000 over the coming weeks, amid rising volatility, a fresh capitulation could be confirmed. At press time, BTC price traded around $71,460 after dropping 7.8% over the past seven days. BTC/USD 1-week chart. Source: Finbold Meanwhile, if BTC realized volatility (1-week) stabilizes at its multi-year low over the next 1 week, Bitcoin’s price could get trapped in a multi-month horizontal consolidation, hence making the tool vital for midterm prediction. ​ The post Bitcoin realized volatility falls to just 17% appeared first on Finbold .

1 Jun 2026, 18:01

Anthropic Files Confidential S-1 With SEC, Targets IPO at $965B Valuation

Anthropic filed a confidential draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) on June 1, 2026, taking its first formal step toward a public offering near a reported $965 billion valuation. The Claude developer submitted the filing under standard SEC confidential review procedures, which allow late-stage companies to begin