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Ethereum Foundation email hacked to promote Lido staking phishing scam

The Ethereum Foundation has fallen victim to a phishing scam after its email system was compromised, leading to the dissemination of fraudulent messages promoting a fake Lido staking service.

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The Ethereum Foundation has fallen victim to a phishing scam after its email system was compromised, leading to the dissemination of fraudulent messages promoting a fake Lido staking service.

Reports indicate that hackers gained unauthorized access to the Ethereum Foundation’s email infrastructure, using it to send deceptive emails to unsuspecting recipients. The fraudulent messages purported to offer a staking service through Lido, a legitimate decentralized finance (DeFi) platform.

The phishing attempt aimed to lure recipients into providing sensitive information or transferring funds to the attackers’ accounts under the guise of participating in staking activities. This incident underscores the risks associated with cyberattacks targeting prominent entities within the cryptocurrency ecosystem.

In response, the Ethereum Foundation promptly issued warnings to the community, cautioning against interacting with any emails soliciting personal information or financial transactions related to Lido staking. The Foundation reiterated its commitment to cybersecurity and advised stakeholders to verify the authenticity of communications before taking any actions.

The incident serves as a reminder of the importance of robust cybersecurity measures within the cryptocurrency industry, particularly amidst the increasing prevalence of phishing scams and cyber threats. The Ethereum Foundation’s swift response and transparency in addressing the issue aim to mitigate potential harm and safeguard community members from fraudulent activities.

As investigations into the email compromise continue, stakeholders are urged to remain vigilant and exercise caution when receiving unsolicited communications, especially those involving financial transactions or sensitive data. The incident highlights the ongoing challenges of cybersecurity in the digital asset space and underscores the need for proactive measures to protect against malicious activities.

Moving forward, the Ethereum Foundation remains committed to enhancing its cybersecurity protocols to prevent future incidents and uphold trust within the cryptocurrency community. Stay informed and stay vigilant as the Foundation works to address the aftermath of this phishing attack and strengthen its defenses against similar threats in the future.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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