News linked to both this project and an event.
Odaily News: The U.S. Attorney's Office for the District of Massachusetts filed a civil forfeiture lawsuit on September 28, seeking the forfeiture of 110,300 USDT seized from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins, worth approximately $900,000 at the time, from a beneficiary and their family trust held in the same Coinbase account.Investigators said that between June 5 and June 15, 2023, 11.2 of the stolen bitcoins were traced to the Binance account and were quickly converted into Monero. When the FBI requested the account be frozen, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026. (Bitcoin.com News)
Odaily News: Over the past five months, the market cap of the privacy coin sector grew from $11.97 billion to $36.51 billion, an increase of $24.54 billion, or approximately 205%. Among them, Zcash (ZEC) market cap increased by $20.27 billion, while Monero (XMR) increased by $4.33 billion.In January, the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the Zcash Foundation without recommending enforcement action. On August 25, digital asset management company Grayscale converted Zcash Trust into the ZCSH spot ETF and listed it on NYSE Arca, making it the first listed privacy coin spot ETF in the United States.On September 8, Digital Currency Group (DCG) exchanged ZEC for approximately $100 million worth of ZCSH ETF shares. During the same period, the price of ZEC rose from $319 to $1,507, while XMR rose from $330 to $555. (Bitcoin.com News)
Odaily News: Following a customer data breach at Revolut, multiple hacker groups have publicly demanded ransom. A group calling itself "IAmNotAVillain" demanded that Revolut pay 6,000 Monero (XMR, approximately $3 million) within 24 hours, or it would sell customer data to other criminal organizations; another group, "Revolut Smilik," had earlier demanded 10,000 Bitcoin (approximately $780 million).In response, a Revolut spokesperson stated that the company has not received any direct contact or extortion demands from any of the aforementioned individuals or organizations. Meanwhile, Italy's Anti-Mafia and Anti-Terrorism Directorate has launched an investigation, with Italian prosecutors investigating unauthorized access to government computer systems, and Italy's privacy regulator has also asked banks to urgently review the security of their access systems. (Cointelegraph)
According to Odaily, an investigation into the security vulnerability exploit of the Cosmos EVM module reveals that the primary attacker (0x9AE7) purchased $250,000 worth of NES and bridged it to Nesa Chain, exploiting a balance vulnerability to inflate holdings to 200 times their original size, then bridged approximately $50 million worth of NES back to Ethereum. The attacker's initial funding for the wallet originated from Monero. Through multiple wallets, the attacker exchanged NES for ETH on DEXs and deposited the proceeds into centralized exchanges. Due to rapid liquidity withdrawal, most exchanges suffered extreme slippage, and the attacker ultimately sold for only $315,000, netting a profit of approximately $60,000 after deducting costs.
Odaily, the decentralized cross-chain liquidity protocol THORChain has resumed trading after being down for over five weeks following a May attack. Signing, swapping, liquidity provider operations, and redemptions have all been restored.On May 15, blockchain investigator ZachXBT and security firm PeckShield identified that the protocol had likely been exploited, prompting THORChain to halt trading. The vulnerability resulted in a loss of approximately $10.7 million from one of its six Asgard vaults, while the other five vaults were unaffected.THORChain stated that each vault has now been verified, and every key share has been cross-checked. Native Monero swaps are currently undergoing end-to-end testing and will be launched subsequently. (The Block)
According to Fortune, Foundry, a leading Bitcoin mining pool, officially launched a new mining pool for the privacy coin Zcash on April 13. Mike Colyer, CEO of Foundry, stated that this move aims to address growing institutional demand for privacy coins. The pool has already attracted several institutional miners, and its output now accounts for nearly one-third of all newly minted Zcash globally. Zcash implements transaction privacy via zero-knowledge proof technology while supporting selective disclosure to meet regulatory compliance requirements—making it more appealing to institutions than its competitor Monero. Fueled by this news, Zcash’s price has surged over 75% in the past 30 days, with its current market capitalization standing at approximately $6.3 billion. Foundry currently controls about 31% of the global Bitcoin hash rate, making it the world’s largest Bitcoin mining pool operator.