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Pump.fun exploiter claims he was arrested in UK and now on bail

The individual accused of exploiting the Solana-based memecoin project PumpFun has claimed to have been arrested and subsequently released on bail in the United Kingdom. The alleged exploiter, who has not been officially named, is at the center of a high-profile investigation following the breach of the PumpFun platform.

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The individual accused of exploiting the Solana-based memecoin project PumpFun has claimed to have been arrested and subsequently released on bail in the United Kingdom. The alleged exploiter, who has not been officially named, is at the center of a high-profile investigation following the breach of the PumpFun platform.

The exploit, which came to light recently, involved significant unauthorized transactions that caused substantial financial losses for PumpFun users. The individual responsible purportedly managed to manipulate the platform’s smart contracts, leading to the illicit transfer of funds.

According to the suspect’s statements on social media, they were apprehended by UK law enforcement authorities and later released on bail pending further investigation. The details of the arrest, including the charges and conditions of bail, remain undisclosed as the investigation continues.

PumpFun, a memecoin project built on the Solana blockchain, gained popularity for its playful approach to cryptocurrency. However, the exploit has raised serious concerns about security vulnerabilities and the potential for financial fraud within the decentralized finance (DeFi) space.

In response to the incident, PumpFun has assured its community that steps are being taken to enhance security measures and prevent future exploits. The project’s developers have pledged to work closely with cybersecurity experts and law enforcement agencies to recover the lost funds and bring the perpetrator to justice.

The arrest and bail of the alleged PumpFun exploiter highlight the increasing involvement of traditional law enforcement in the world of cryptocurrency. As the digital asset space continues to grow, so does the necessity for robust regulatory frameworks and international cooperation to address cybercrime and protect investors.

The case also underscores the ongoing challenges faced by DeFi projects in ensuring the security and integrity of their platforms. As the investigation unfolds, the crypto community will be watching closely to see how PumpFun and other similar projects respond to such security threats.

In summary, the claimed arrest and bail of the PumpFun exploiter in the UK marks a significant development in the case, reflecting broader issues of security and regulation in the DeFi sector. As authorities and developers work to resolve the situation, the incident serves as a stark reminder of the importance of vigilance and security in the rapidly evolving cryptocurrency landscape.

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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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