The cryptocurrency industry faced several significant developments recently, including data breaches, crypto fund seizures, and exploits on DeFi platforms.
Gemini and Binance User Data Leaks
According to Dark Web Informer, sensitive user data belonging to Gemini and Binance users is being sold on the dark web. An entity under the alias AKM69 allegedly put up for sale a database containing 100,000 Gemini users' records, including names, emails, and phone numbers, primarily from the U.S. Another actor, kiki88888, claims to possess and sell data of Binance users, encompassing over 132,000 records. Binance denies any breach, suggesting phishing attacks as the likely cause.
Seizure of Crypto Funds Tied to Hamas
The U.S. Department of Justice seized over $200,000 in cryptocurrency linked to Hamas. The DOJ's statement on March 27 revealed the funds were tied to fundraising addresses believed controlled by Hamas, allegedly laundering over $1.5 million via virtual currency exchanges. These enforcement actions align with a trend of imposing sanctions on the group's financial networks.
JELLY Token Exploit Exposes DeFi Vulnerabilities
A crypto whale allegedly manipulated the price of the meme coin JELLY on the decentralized exchange Hyperliquid, earning over $6.26 million. Investigations by Arkham and ZachXBT showed strategic trades led to a 400% surge in JELLY's price, which strained Hyperliquid's liquidity provider vault. The incident sparked discussions about DeFi platforms' security.
These incidents highlight severe challenges faced by the crypto industry, including data breaches, security exploits, and the use of cryptocurrencies for illicit activities.
