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Immunefi CEO claims AI models lead to surge in crypto security vulnerabilities

Odaily, Mitchell Amador, CEO of bug bounty platform Immunefi, stated at the WAIB Summit that new AI models such as Claude Opus 4.8 and ChatGPT 5.5 are shifting the balance of cybersecurity offense and defense in favor of attackers, leading to a resurgence in crypto hacks in 2026. Data from DefiLlama shows that in April 2026, illicit actors stole over $634 million from crypto platforms, the highest monthly total since the Bybit hack in February 2025 drove losses of approximately $1.4 billion.Amador stated that the crypto industry is in a critical survival period for the next three to four years until security teams leverage similar AI models to build codebases that attackers cannot breach; if the industry adopts more crowd-sourced security solutions, this timeline could be shortened to within two years. The latest Claude Mythos model, Fable 5, from AI company Anthropic, previously raised concerns about accelerating the ability to exploit crypto vulnerabilities.Anthropic stated that Fable 5 has safeguards in place that will redirect topics related to cybersecurity and similar fields to Claude Opus 4.8. On April 19, an attacker transferred approximately 116,500 restaked Ethereum (rsETH) from Kelp DAO's LayerZero-based rsETH bridge, valued at around $290 million to $293 million at the time. Cross-chain protocol LayerZero stated that the 1/1 decentralized verification network configuration of Kelp DAO relied on a single verification path for processing cross-chain messages, creating a single point of failure. (Cointelegraph)

WEEX Launches “World Cup × Monopoly” Themed Trading Campaign—Join to Share in $1 Million USDT

WEEX Exchange has launched the large-scale themed trading reward campaign “World Cup × Monopoly: Participate and Win $1 Million in USDT,” which runs until 23:59:59 (UTC+8) on July 20, covering the entire World Cup season. The campaign features low participation thresholds and highly engaging interactive gameplay: users can earn dice by completing tasks such as registration, depositing funds, trading futures and spot assets, consuming dice, and inviting friends to join. After rolling the dice, users advance across the game board according to the number shown; landing on specific squares entitles them to rewards including BTC, ETH, and USDT. Rolling dice to advance on the board and completing weekly trading tasks both accumulate points. Reaching designated point thresholds unlocks milestone rewards such as USDT, WXT tokens, fee discounts, and trial funds. Additionally, users can spend points to interact with World Cup matches—cheering for their favorite teams—and leverage small investments to earn even more points.

Yesterday, Ethereum spot ETFs saw a net outflow of $35.57 million.

According to Trader T (@thepfund), yesterday’s Ethereum spot ETF saw a net outflow of $35.57 million.

Bitmine purchased an additional 25,000 ETH 8 hours ago, bringing its total accumulation over the past three days to 125,000 ETH.

According to on-chain analytics platform Lookonchain (@lookonchain), Bitmine—founded by Tom Lee—purchased 25,000 ETH from BitGo 8 hours ago for approximately $41.09 million. Over the past three days, Bitmine has accumulated a total of 125,000 ETH, valued at roughly $206 million.

SpaceX IPO Could Become Short-Term Pressure Source for Bitcoin

Odaily News Analysts believe that SpaceX's upcoming IPO could become a new source of short-term pressure for Bitcoin and the crypto market. As the company is reportedly set to open up to 30% of its IPO shares to retail investors, some investors may sell high-risk assets like Bitcoin and Ethereum to free up capital to participate in this high-profile offering.SpaceX plans to issue shares at $135 each, aiming to raise $75 billion, with a valuation of approximately $1.77 trillion. A GSR trading executive noted that crypto assets could become one of the funding sources for some investors looking to raise capital for the IPO.Recently, there have been views suggesting that hot IPOs like SpaceX, and potentially future ones such as OpenAI and Anthropic, could drive capital outflows from the crypto market, putting pressure on Bitcoin and Ethereum prices.However, SpaceX's listing could also conversely boost on-chain trading activity. Currently, platforms like Hyperliquid and Binance already offer SpaceX-related perpetual contracts and tokenized stock products, and trading activity for these assets may increase further with the IPO.

Bitmine allegedly transferred 25,000 ETH from BitGo, valued at approximately $40.93 million

According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet received 25,000 ETH from BitGo—valued at approximately $40.93 million—the wallet is suspected to belong to Bitmine.

Today US Bitcoin ETFs saw a net outflow of 1,320 BTC, while Ethereum ETFs recorded a net outflow of 2,370 ETH

according to Lookonchain monitoring, US Bitcoin ETFs experienced a net outflow of 1,320 BTC today, with a 7-day net outflow of 15,849 BTC; Ethereum ETFs saw a net outflow of 2,370 ETH, with a 7-day net outflow of 13,416 ETH.

Less than two hours, floating profit of $1.608 million: an address opened a 20x long position on 36,826 ETH

according to on-chain analyst Ai Yi's monitoring, an address deposited 3 million USDC at 19:53 and then opened a 20x long position on 36,826 ETH, worth $61.13 million. The entry price was $1,620.6, and the current price is $1,658.8, resulting in a floating profit of $1.608 million.

A whale deposited $3 million into Hyperliquid and opened a 20x long ETH position.

According to on-chain analytics platform Lookonchain (@lookonchain), a newly created wallet (0xa2e8) deposited 3 million USDC into HyperLiquid and immediately opened a 20x leveraged long position on ETH, holding 36,826 ETH—valued at approximately $59.72 million—with a liquidation price of $1,571.30.

Bybit Releases Latest Options Weekly Report (June 2–8): Head-and-Shoulders Target Fully Exceeded; BTC Records Largest Weekly Drop Since FTX Collapse

Bybit’s latest options weekly report states that all four directional predictions for this week were fulfilled: BTC hit a low of $59,130—surpassing the prior target range of $65,000–$67,000. Opening last week at $73,760 and plunging to $59,130, BTC recorded its largest single-week decline since the FTX collapse (roughly −20%). It has since rebounded to $63,000. Three bearish catalysts recently converged: stronger-than-expected NFP data reigniting rate-hike expectations; SpaceX’s IPO siphoning liquidity; and Strategy selling BTC for the first time in four years. Spot Bitcoin ETFs saw a record net outflow of $1.7 billion for the week. ETH’s daily RSI plunged to a historic low of 12.78, while BTC’s daily RSI dropped to 15.45—raising the probability of a technical rebound, though trend reversal remains unconfirmed. DVOL surged from its historical low of 35 to 55 before retreating to 48; put options have already been profitably closed. Currently, chasing long positions is discouraged. BTC faces significant resistance between $63,000 and $65,000. Entry should await either the June 10 CPI release or DVOL falling back to 40—or until BTC convincingly closes above $65,000.

“Brother Maji” Suffers Partial Liquidation Again on 25x Long ETH Position; Cumulative Losses Reach ~$35 Million

According to on-chain analyst Onchain Lens (@OnchainLens), “Brother Maji” has again suffered partial liquidations amid the market downturn; most of his 25x-leveraged long ETH position has been closed, resulting in cumulative losses of approximately $35 million so far.

A whale opened long positions of 162.62 BTC and 6,136 ETH, respectively, with 20x leverage.

According to on-chain analyst Onchain Lens (@OnchainLens), the address “0x049” reopened its positions after two weeks of inactivity, establishing long positions of 162.62 BTC and 6,136 ETH respectively, each with 20x leverage; the total position value is approximately $20 million.

MILC Platform Cross-Chain Bridge Suffers Private Key Leak Attack, Sustaining ~$161,000 in Losses

According to on-chain security platform Blockaid (@blockaid_), the MILC Platform cross-chain bridge suffered a private key leak on both the BNB Chain and Ethereum networks. The attacker exploited a historical bridge administrator wallet to grant the DEFAULT_ADMIN_ROLE and MANAGER_ROLE permissions to the attacker’s address. Subsequently, assets were withdrawn from the bridge contract, and administrative control was transferred to the attacker’s wallet. Confirmed losses currently stand at approximately $97,003 USDT (on BNB Chain) and approximately 39.21 ETH (on Ethereum, transferred out via Rhino.fi), totaling roughly $161,000.

Sahara AI: Cross-chain bridge experienced transaction delays yesterday due to depleted liquidity; the Ethereum pool has now been replenished.

According to an official announcement, Sahara AI has confirmed that the Ethereum-side liquidity pool of its CCIP cross-chain bridge has been replenished, and transfer functionality has now returned to normal. Yesterday, a surge of user withdrawals to the Ethereum network depleted the cross-chain bridge’s liquidity pool, causing some transactions to remain stuck for extended periods.

A whale and two other addresses withdrew $122 million worth of ETH from FalconX and Kraken

Arkham posted on platform X, stating that three whale addresses (two of which are new) have just withdrawn a total of $122 million worth of ETH from FalconX and Kraken. Among them, the address that previously purchased ETH is currently facing an unrealized loss of $9.1 million on its holdings.

Sun Yuchen withdrew 12,000 ETH from Poloniex 20 minutes ago, valued at approximately $19.5 million.

According to on-chain analyst Ai Aunt (@ai 9684xtpa), Sun Yuchen withdrew 12,000 ETH from Poloniex 20 minutes ago, valued at approximately $19.5 million.

A whale holding 50 million DAI purchased 10,376 ETH 12 hours ago.

According to on-chain analyst Yujin (@EmberCN), a whale holding 50 million DAI purchased 10,376 ETH for 16.87 million DAI 12 hours ago, at an average price of $1,626 per ETH.

Man from Washington State, USA, sentenced to 5 years for aiding in money laundering of nearly $100 million in cryptocurrency

the U.S. Department of Justice stated in a press release that a 47-year-old resident of Newcastle, Washington, Geoffrey K. Auyeung, has been sentenced to 5 years in prison for conspiracy to commit money laundering.Geoffrey K. Auyeung assisted overseas scammers in transferring nearly $100 million in investment fraud proceeds through bank accounts and cryptocurrency exchanges. The scammers deceived victims into investing in the oil and gas industry, luring them to transfer funds into so-called escrow accounts. To facilitate this, Geoffrey K. Auyeung established at least nine entities to receive funds, which were then transferred overseas or exchanged for cryptocurrencies such as Bitcoin, Ethereum, USDT, and USDC via exchanges like Gemini, Coinbase, and BitStamp. Most of these cryptocurrencies were subsequently sent to Binance accounts controlled by individuals in Nigeria and Russia.Geoffrey K. Auyeung opened at least 81 bank accounts across 24 financial institutions and 19 accounts across 8 cryptocurrency exchanges, receiving a total of $97.1 million in wire transfers and deposits. Through his involvement in the scheme, he earned at least $4 million in commissions and received an additional $400,000 in commissions through accounts under his wife's name between August 2024 and December 2025. Auyeung pleaded guilty in February of this year. He will forfeit approximately $2.3 million seized from bank accounts and his home, an Audi SQ8, and has agreed to forfeit approximately $7.1 million worth of cryptocurrency. (The Block)

Bitmine purchased an additional 100,000 ETH worth $163 million yesterday

according to on-chain analyst Ember Monitoring, after ETH fell in tandem with US stocks last night, Ethereum treasury company Bitmine purchased an additional 100,000 ETH, worth $163 million.Bitmine's target is to hold 5% (6 million ETH) of all ETH, and it is currently 400,000 ETH short of that target.

Bitmine increased its ETH holdings by 75,000 tokens over the past eight hours, valued at approximately $123 million.

According to on-chain analytics platform Lookonchain (@lookonchain), Bitmine purchased an additional 75,000 ETH—worth approximately $123 million—from Kraken and FalconX within the past 8 hours.