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#cryptocurrency

i’ve been writing about crypto for a while now, but this new addition to the $TRUMP memecoin website fine print may be the most blatant “lol you sucke

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i’ve been writing about crypto for a while now, but this new addition to the $TRUMP memecoin website fine print may be the most blatant “lol you suckers are our exit liquidity” i’ve seen so far

(CIC Digital is just a shell company Trump uses for the $​TRUMP memecoin and some other projects; it’s wholly owned by Trump’s revocable trust)

Screenshot of text: activities, leaderboard competitions, events, or other benefits offered through the Coin Club are independent of, and are not designed to influence the timing or execution of, any token disposition program that may be in effect. [begin highlight] The existence of a Coin Club promotion or event does not indicate that Fight Fight Fight LLC, CIC Digital LLC or their respective affiliates are not contemporaneously disposing of $TRUMP coins [end highlight] pursuant to a pre-announced plan, and you should not acquire or accumulate $TRUMP coins based on any expectation that promotional activity will increase or maintain the market price of $TRUMP coins. You

#crypto #cryptocurrency

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Newsletter: A Trump crypto adviser’s firm took millions from Tether while he shaped stablecoin rules in their favor, a Senate probe targets Commerce S

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Newsletter: A Trump crypto adviser’s firm took millions from Tether while he shaped stablecoin rules in their favor, a Senate probe targets Commerce Secretary Lutnick’s not-so-former firm, and crypto’s biggest super PAC plays it safe.

https://www.citationneeded.news/issue-111/

#uspol #uspolitics #cryptocurrency #citationneedednewsletter #crypo

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Wow. “A small board hidden inside a genuine Ledger Nano X listens to the wire between the secure element and the screen. When the wallet shows its 24

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Wow. “A small board hidden inside a genuine Ledger Nano X listens to the wire between the secure element and the screen. When the wallet shows its 24 recovery words, the implant reads them pixel by pixel, recognises the letters, and sends them out over the cellular network. The secure element is never attacked, and the device works normally.”

https://www.tibane.net/research/ledger-nano-x-implant

#supplychain #cryptocurrency

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DarkSword Exploit Service Uses Coruna Malware to Steal iPhone Wallet Recovery Phrases

Read Time:3 Minute, 28 Second

Operators of the DarkSword iOS exploit platform are using Coruna malware to steal cryptoc

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Read Time:3 Minute, 28 Second

Operators of the DarkSword iOS exploit platform are using Coruna malware to steal cryptocurrency wallet recovery phrases from compromised iPhones, according to research based on exposed server infrastructure. The findings reveal more than an exploit chain: they show a commercial operation with delivery services, operator accounts, commissions, device limits, command systems, and specialized wallet-theft modules.

Censys researchers identified open directories tied to DarkSword and Coruna between September 15 and 17. Five previously undocumented hosts were linked to delivery, staging, analysis, or command activity. A copy of one production server held 11 recovery phrases, 179 device loot directories, and 75 operator accounts. Those artifacts demonstrate theft activity, but the directory count should not be treated as a confirmed victim total or an estimate of stolen funds.

Browser Exploitation Leads to Wallet InjectionDarkSword provides the initial route into an iPhone through a chain targeting WebKit and JavaScriptCore. The established attack flow escapes the browser sandbox, gains kernel-level access, and reaches SpringBoard, the iOS process responsible for app launches and the device interface. Coruna then supplies the components used to monitor and steal wallet data.

The platform loads a beacon, a second-stage controller, and a core implant. A SpringBoard coordinator watches for supported wallet applications to open and injects a matching theft module into the live process. The exposed kit contained 18 modules aimed at products including MetaMask, Phantom, Trust Wallet, Coinbase, Exodus, imToken, and Bitpie. Separate infection samples added evidence of a nineteenth target, BitKeep.

Coruna does not depend solely on in-app prompts. The implant searches photos and Apple Notes for BIP39 recovery phrases, checks candidates against the standard checksum, and sends only valid-looking phrases to its server. That filtering reduces noise and gives the operator material that may provide direct control of cryptocurrency assets. The malware can also collect contacts, refresh its settings, and update itself.

Exposed Panels Reveal an Exploit-for-Hire BusinessOne exposed host contained a Python delivery service and FastAPI administration panel backed by a database. The system registered devices on first contact, served landing pages, collected exploit reports, and relayed commands to implants. Its account features included commission rates, operator quotas, and more than 60 commands, consistent with a reseller or affiliate model rather than a single tightly controlled campaign.

Researchers observed two iPhones running iOS 16.1 and 16.3.1 repeatedly checking a beacon page. They also matched 22 infection samples from the wild to a separate command server. Infrastructure links pointed toward hosting and laboratory systems in Shenyang, China, but Censys distinguished that operator from the exposed-directory cluster and did not attribute either operation to a named group.

Development files referenced CVE-2026-31001 and an intended JavaScriptCore path for iOS 26. However, accompanying sandbox and kernel stages were placeholders. That material represents unfinished development, not evidence of a functioning iOS 26 compromise. A separate claim involving a CoreAudio zero-click route was also not verified on a device.

Updates and Behavior-Based Detection MatterCensys says the established exploit chains have been patched, and Apple extended relevant fixes to additional iOS 18 devices. Users should install the latest iOS release available for their hardware, avoid opening unexpected links, and treat any exposed recovery phrase as permanently compromised. Funds should be moved to a newly generated wallet using a trusted, updated device; changing an app password cannot invalidate a stolen seed phrase.

Mobile security teams should monitor the published server fingerprints and network indicators.

Investigators should look for the reported LaunchDaemon persistence path and unusual SpringBoard injection behavior.

Wallet providers can hunt for shared module signatures, command channels, and anomalous recovery workflows.

Detection should combine behavior and infrastructure because payload hashes and delivery hosts can change quickly.

The exposed directories offer an unusually detailed view of how mobile exploitation is packaged for financially motivated operators. They also underline a central risk of cryptocurrency custody: once a recovery phrase is captured, the attacker no longer needs continued control of the phone. Rapid patching helps block entry, while careful phrase storage—offline and away from photos, notes, and cloud-synchronized text—limits what malware can steal after a device is breached.

#ios #cryptocurrency #darksword #mobilesecurity

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Undercover Blockchain Probe Maps Lazarus-Linked Laundering After $1.5B Bybit Theft

Read Time:3 Minute, 27 Second

An independent blockchain investigator says he infiltrated a Chinese organized-crime netw

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Read Time:3 Minute, 27 Second

An independent blockchain investigator says he infiltrated a Chinese organized-crime network that helped move cryptocurrency linked to North Korea’s Lazarus Group after the $1.5 billion Bybit theft. By posing as a customer and deliberately accepting costly exchange terms, ZachXBT gained access to private conversations, wallet addresses and planned transfers that could be compared with activity recorded on public blockchains.

The operation offers a rare view of the financial layer that follows a major cryptocurrency breach. Attackers may steal assets in a single event, but converting and dispersing them requires brokers, cross-chain transfers and repeated exchanges. That process creates both complexity and investigative opportunities, because transaction timing and amounts remain visible even when funds move between networks.

Building trust with a suspected laundering operatorAfter the February 2025 Bybit breach, ZachXBT reported finding more than 15 accounts in public Telegram and Discord groups seeking transaction help associated with the stolen funds. He contacted an operator using the name “Jimmy Green” and presented himself as a client. On March 6, he funded a newly created Ethereum wallet with 349,700 USDC and began exchanging USDC for USDT on the Tron network.

The investigator says he tolerated losses of roughly five percent on each order to establish credibility and preserve access. As trust developed, the operator allegedly shared screenshots, wallet destinations and advance information about transfers. Jimmy claimed that his team had handled most of the stolen Bybit assets and operated from Hong Kong and mainland China. Those claims came from private chats and do not independently establish the person’s identity, location or role.

Private messages were tested against public ledgersThe strongest part of the investigation came from correlating statements with on-chain records. According to ZachXBT, a wallet supplied by the operator received transaction-fee funds from an address tied to the Bybit incident. A screenshot sent on March 12 reportedly matched a THORChain transfer in both value and timing. An account identifier appearing across separate screenshots also helped connect a private Telegram profile with participation in a public THORChain group.

Three Solana addresses then led to a larger wallet cluster involving more than $12 million in Bybit-linked funds. The reported flow crossed Bitcoin, Ethereum, Solana and Tron. Moving between blockchains can fragment the trail and force investigators to use several analytical systems, but closely matching amounts, timestamps and funding relationships can reconnect the steps.

Freezes can interrupt laundering, not finish recoveryZachXBT said Tether froze 442,000 USDT connected to the identified cluster and that intelligence was shared with investigators and law enforcement to support additional action. Public reporting did not include a separate Tether statement confirming his role in that particular freeze. He also says his work has contributed to freezing more than $75 million tied to North Korean activity since 2022.

A freeze is not the same as restitution. Ownership must still be established, legal processes may cross several jurisdictions, and funds can remain inaccessible for long periods. Nevertheless, rapid notification can prevent another transfer and preserve assets while authorities assemble evidence. Independent investigators also take financial and personal risks when they fund undercover transactions or interact directly with alleged criminal brokers.

What the case reveals about the Lazarus ecosystemThe FBI attributed the February 21, 2025 Bybit theft to North Korea and tracks the activity as TraderTraitor. Its advisory warned that stolen assets were being distributed through thousands of addresses across multiple chains. The laundering account is consistent with that broader challenge, but several details remain allegations from ZachXBT and await confirmation by law enforcement or other independent sources.

Cross-chain movement slows analysis but does not erase transaction history.

Small fee-funding transfers can connect wallets that appear unrelated.

Private screenshots become stronger evidence when amounts and times match public records.

Stablecoin issuers can create a narrow intervention point before funds move again.

The episode shows why cryptocurrency incident response cannot end when the initial hack is contained. Exchanges, analytics teams, issuers and investigators need fast channels for sharing wallet intelligence. Patient human infiltration, combined with transparent ledger data, can expose the service providers that turn a technical compromise into usable criminal proceeds.

#lazarusgroup #cryptocurrency #bybit #moneylaundering

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Newsletter: Regulators race to reassure the crypto industry as the its flagship Clarity Act legislation collapses, SBF tries his luck with the Supreme

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Newsletter: Regulators race to reassure the crypto industry as the its flagship Clarity Act legislation collapses, SBF tries his luck with the Supreme Court, and crypto PACs unleash $30 million against Sherrod Brown.

https://www.citationneeded.news/issue-110/

#uspol #uspolitics #crypto #cryptocurrency #citationneedednewsletter

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The Clarity Act cloture vote has failed by a 49–50 margin; well short of the 60 votes needed. No Democrats crossed over to vote for the bill, and thre

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The Clarity Act cloture vote has failed by a 49–50 margin; well short of the 60 votes needed. No Democrats crossed over to vote for the bill, and three Republicans voted against.

Senator Collins’ (R-ME) NO vote on Clarity was the most surprising today. She was defending the bill to constituents as recently as last week. My guess is she did not believe the bill had a chance to pass, and was more worried about defending a yes vote as her re-election prospects look slimmer.

Thank you for contacting me to share your concerns about the Digital Asset Market Clarity Act of 2025.I appreciate your taking the time to do so.The Digital Asset Market Clarity Act of 2025 was passed by the U.S. House of Representatives on July 17, 2025, and a companion bill in the Senate received bipartisan approval from the Senate Banking Committee on May 14, 2026, advancing toward a full Senate vote. Both bills seek to create a regulatory framework for digital commodities, prohibit the Federal Reserve banks from offering certain services directly to individuals, and forbid the use of central bank digital currency.Proponents believe that the bills create a clear regulatory framework for digital assets, the rules and regulations of which are currently determined by a series of regulatory actions and court decisions.I recognize the need to provide regulatory clarity with how the digital assets should be treated by regulatory authorities.Any actions taken should be for the benefit of t

#uspol #uspolitics #crypto #cryptocurrency

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Newsletter: The supposedly “unprecedented” ethics restrictions in the industry-written Clarity Act exempt Trump’s crypto businesses and leave enforcem

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Newsletter: The supposedly “unprecedented” ethics restrictions in the industry-written Clarity Act exempt Trump’s crypto businesses and leave enforcement to his loyalists. Senators must vote no on cloture tomorrow.

https://www.citationneeded.news/clarity-act-ethics-charade/

#uspol #uspolitics #crypto #cryptocurrency #citationneedednewsletter #clarityact

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Newsletter: The SEC’s “Reg Crypto” aims to carve out exemptions, the CFTC wields emergency powers to shield prediction markets from state regulators,

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Newsletter: The SEC’s “Reg Crypto” aims to carve out exemptions, the CFTC wields emergency powers to shield prediction markets from state regulators, and a Trump family crypto firm gets a bank charter.

https://www.citationneeded.news/issue-109/

#uspol #uspolitics #crypto #cryptocurrency

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A bit rich for Senator Bernie Moreno — by far the beneficiary of crypto super PAC spending in 2024, now a champion of the industry's legislation —

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A bit rich for Senator Bernie Moreno — by far the beneficiary of crypto super PAC spending in 2024, now a champion of the industry's legislation — to accuse anyone of caping for special interest super PACs

Tweet by Bernie Moreno: "The once great @WSJ has descended into a Wall Street special interest group superPAC. Sad to see." Quoted tweet: Faryar Shirzad "Disappointing to see the @WSJOpinion – usually a champion of free markets and competition – abandon serious analysis, defend regulatory moats and recycle bank association talking points. Stablecoin rewards are subject to multiple restrictions under CLARITY, and ar..." Tech Influence Watch 2024 screenshot: Table titled "Top races influenced by crypto industry money". At the top is Bernie Moreno (R) Ohio Senate, who received $40,134,927 in support. The next closest is Elissa Slotkin (D) Michigan Senate, who received just over $10M.

#uspol #uspolitics #crypto #cryptocurrency

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Spotted in Coinbase’s most recent 10-Q: Coinbase has stopped using trading volume as a key metric, which is I’m sure completely unrelated to the 38%/4

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Spotted in Coinbase’s most recent 10-Q: Coinbase has stopped using trading volume as a key metric, which is I’m sure completely unrelated to the 38%/48% decrease in spot trading volume they reported over the past three/six months

Beginning in the second quarter of 2026, we no longer include Trading Volume as a key metric. As our business has evolved to support multiple asset classes, we believe the prior Trading Volume metric which focused on spot crypto volume no longer reflects the breadth of our business. Additionally, we do not believe that a total trading volume metric would fully represent the business given the differences in economics across our diversified trading products. We believe that net income (loss) and Adjusted EBITDA best reflect the financial health of our business, and we believe that metrics focused on users and assets are better operational indicators as they measure the trust customers place in Coinbase and our ability to attract and retain users. See the section titled Non-GAAP and Other Measures for definitions of Adjusted EBITDA, AOP, and MTUs, as well as a reconciliation of net income (loss) to Adjusted EBITDA.

#coinbase #crypto #cryptocurrency

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Newsletter: Firms close up shop amid a continued crypto winter, a Trump venture ditches its crypto plans, and the crypto industry–friendly Clarity Act

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Newsletter: Firms close up shop amid a continued crypto winter, a Trump venture ditches its crypto plans, and the crypto industry–friendly Clarity Act market structure bill fails to reach a vote before August recess — likely dooming it.

https://www.citationneeded.news/issue-108/

#uspol #uspolitics #crypto #cryptocurrency #citationneedednewsletter

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This article is a great deep dive into some of the shady characters behind World Liberty Financial — Justin Sun among them, despite his recent efforts

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This article is a great deep dive into some of the shady characters behind World Liberty Financial — Justin Sun among them, despite his recent efforts to distance himself from the project. (He likely hoped this interview would help, and it is a little friendly, but rightly points out his shadiness.)

https://nymag.com/intelligencer/article/justin-sun-world-liberty-lawsuit-trump-crypto-herro.html

#uspol #uspolitics #crypto #cryptocurrency #justinsun #worldlibertyfinancial

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I've been running Follow the Crypto since 2024. Today I'm relaunching it as Tech Influence Watch, expanded to cover AI political spending alongside cr

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I've been running Follow the Crypto since 2024. Today I'm relaunching it as Tech Influence Watch, expanded to cover AI political spending alongside crypto. They’ve spent more than $400 million this election cycle, and now you can follow it in close to real time.

https://influence.citationneeded.news/

Here’s the full story behind the Tech Influence Watch launch, including what I found while building it and why it matters now: https://www.citationneeded.news/tech-influence-watch/

#ai #artificialintelligence #uspol #uspolitics #crypto #cryptocurrency #citationneedednewsletter

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