Observer
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Keep up with crypto, tech, security & everything happening in the com

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💸 FUN FACT: Bitcoin declared “dead” 470+ times, now at $66K

Bitcoin has been declared “dead” over 470 times by mainstream media, yet is currently trading around $66,000.

That marks a rise of over 28,695,000% since early dismissals.

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⚠️ JUST IN: US introduces bill to ban officials from prediction market trading U.S lawmakers introduced the bipartisan PREDICT Act, aiming to ban Congress members, the president, and senior officials from trading on political prediction markets. Will that…
⚠️ UPDATE: Second bill targets insider trading on prediction markets

The proposal covers the president, vice president, Congress members, and federal officials, restricting their activity on prediction markets.

Any wager above $250 must be reported within 30 days, including price, position, platform, and profit/loss, increasing transparency around insider trades.

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⚠️ JUST IN: Telegram to warn users about unofficial clients

Telegram is set to introduce a security alert for chats with users on third-party clients, warning that messages may be less secure.

The feature aims to increase awareness of privacy risks linked to unofficial Telegram apps.

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🛡 EXPLOIT: ZooFinance exploited for ~$27K via pricing bug

A flaw in a Uniswap v4 hook allowed an attacker to extract ~$27K from ZooFinance (VTSwapHook contract).

EXPLAINATION:
The hook used a nonlinear price curve (ln) but calculated trades using a simple midpoint average, creating a small but consistent pricing advantage.

By chaining 20+ alternating swaps in a single transaction, the attacker repeatedly captured this edge.

The issue was worsened by incorrect fee accounting, which inflated virtual reserves and kept prices artificially favorable, allowing continuous profit until liquidity was drained.


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⚠️ JUST IN: The number of businesses accepting Bitcoin saw a sharp increase, marking a significant jump in real-world adoption.

The surge comes as Square enabled automatic BTC payments for merchants, simplifying crypto acceptance.

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⚠️ JUST IN: US introduces “Mined in America Act” to boost Bitcoin mining

🇺🇸 Senators Cynthia Lummis and Bill Cassidy introduced the “Mined in America Act”, aiming to expand domestic Bitcoin mining and reduce reliance on foreign hardware.

The bill also seeks to codify a Strategic Bitcoin Reserve at the federal level.

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⚠️ JUST IN: Google estimates a quantum attack could steal crypto in ~10 minutes, and warns that such capabilities may become realistic by ~2029

Breaking ECC-256 may need under 500,000 qubits (far fewer than expected) and could take just 9–12 minutes, fast enough to attack a Bitcoin transaction.

Google warns millions of BTC, especially in old wallets, could be at risk and urges a shift to quantum-safe cryptography before it’s too late.

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🛡 SCAM: Kraken user loses $18.2M in suspected social engineering scam

Per ZachXBT, an unknown Kraken user lost $18.2M after a suspected social engineering attack, with funds quickly moved across chains.

The attacker began bridging assets from Ethereum to Bitcoin via THORChain using a SafePal wallet, likely to obscure tracking.

Theft address: 0xC55149BbD560435a9FbEabFdcF9711cf928acA21

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⚠️ JUST IN: Google estimates a quantum attack could steal crypto in ~10 minutes, and warns that such capabilities may become realistic by ~2029 Breaking ECC-256 may need under 500,000 qubits (far fewer than expected) and could take just 9–12 minutes, fast…
💸 FUN FACT: Satoshi warned about Bitcoin quantum risk back in 2010

In 2010, Satoshi Nakamoto, the pseudonymous creator of Bitcoin, acknowledged the potential threat of quantum computing, stating that the network could transition to stronger cryptography if the risk emerged gradually.

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⚠️ JUST IN: "Boss Xi" is now in Chinese custody, tied to a $4B fraud empire

Li Xiong, ex-chairman of Huione Group and known online as "Boss Xi", was extradited from Cambodia to China following a joint investigation.

His network, linked to the @danbao Telegram channel, allegedly laundered over $4B through crypto scams and pig butchering operations, also serving North Korean hackers.

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🛡 EXPLOIT: $270M moved from Drift Protocol in suspected exploit

Over $270M in assets was transferred from Drift Protocol to a suspicious wallet (HkGz4K…), raising concerns of a potential exploit.

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⚠️ JUST IN: The number of businesses accepting Bitcoin saw a sharp increase, marking a significant jump in real-world adoption. The surge comes as Square enabled automatic BTC payments for merchants, simplifying crypto acceptance. 🔔 @Observer • 💬 Join community…
😂Fun Fact: “Nobody uses Bitcoin”

Bitcoin is projected to surpass Visa and Mastercard in transaction volume by 2025

Payment providers are already moving toward blockchain, with firms like Block Inc enabling seamless Bitcoin payments for merchants

A shift toward crypto rails is underway.

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⚠️ JUST IN: The Trust Wallet Discord vanity link (discord[.]gg/trustwallet) has been hijacked and now leads to a phishing server. Avoid joining for now.

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⚠️ JUST IN: An on-chain message was sent to the Drift Exploiter address, demanding 1k ETH ( ~2.07M$) within 12 hours threatening to expose the exploiter's identity if payment is not made. The sender claims to know who conducted the Drift exploit.

🤔 Do they actually have his info? And will the exploiter pay up or call the bluff?

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🚀 UPDATES: Telegram quietly patched a fingerprinting flaw in Desktop v6.7.2 & Android Beta v12.6.4 - making MTProto proxy traffic significantly harder for DPI systems to detect and block.

The old TLS ClientHello had a dead giveaway signature. It's now fixed to mimic regular browser traffic.

This comes right as Pavel Durov reminded the world that 50M+ Russians use Telegram daily despite bans

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⚠️ JUST IN: A victim lost $386K after sending funds to a poisoned lookalike address.

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💸 FUN FACT: Solo miner wins Bitcoin block against 1 in 100K odds

A solo miner successfully mined a Bitcoin block, earning 3.128 BTC (~$222K) despite odds estimated at 1 in 100,000.

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⚠️ JUST IN: TON Is Now Up to 6x Faster

Catchain 2.0 is here. TON just got a major speed upgrade, transactions that used to take ~10 seconds now confirm in under 1 second, making it feel closer to using a regular app than a blockchain. Block times dropped from 2.5s to 400ms. Faster blocks also mean more rewards for validators staking on the network.

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⚠️ JUST IN: Fragment Drops KYC for NFT Trading

fragment.com has partially removed identity verification. Buy and sell NFTs on the platform with zero KYC, though minting a non-NFT username and a few more actions still requires a verification.

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⚠️ JUST IN: WhatsApp's End-to-End Encryption Called a Lie

A class-action lawsuit claims Meta let employees and contractors read, track and store private WhatsApp messages without user consent, directly contradicting its "only you and the recipient can read this" promise. Elon Musk has also called out WhatsApp as untrustworthy.

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