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

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⚠️ JUST IN: Sanctioned Russian Exchange Grinex Loses $13.7M

Grinex, a sanctioned Russia-linked exchange widely seen as a rebranding of the shuttered Garantex, got drained for $13.7M. Attackers converted everything to $TRX and moved it to a single wallet. The exchange is blaming foreign intelligence services and has suspended all operations.

Do you believe it was a state-sponsored hack or just a convenient excuse? 👇

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🛡 EXPLOIT: Rhea Finance Drained for $7.6M via Fake Token Pool Attacker deployed fake token contracts, added liquidity to fresh pools to trick the oracle and validation layer into misreading prices, then drained ~$7.6M from Rhea Finance. EXPLANATION: Oracles…
⚠️ JUST IN: Tether Freezes $3.29M Linked to Rhea Finance Drain

Paolo Ardoino confirmed Tether blocked $3.29M in USDT tied to wallets from the Rhea Finance exploit, thanking @ZachXBT for the alert. Out of $7.6M stolen, less than half frozen.

Will the rest ever be recovered? 👇

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⚠️ JUST IN: EU Launches Anonymous Age Verification App

The EU's age verification system is ready to roll out. Users can prove their age using an ID without sharing any personal data. Open source, fully anonymous, built to comply with child safety rules across platforms.

Would you trust a government-built app with your identity? 👇

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🛡 EXPLOIT: $293M Potentially Drained from KelpDAO

A possible 116,500 ETH (~$293M) exploit has hit KelpDAO's liquid staking token across Ethereum and Arbitrum. Attack wallets were funded via Tornado Cash. No official statement yet, only on-chain activity confirming the drain.

0x1ae232…

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😂 FUN FACT: Caitlyn Jenner's Memecoin Lawsuit dismissed

Buyers sued Caitlyn Jenner in 2024 after losing thousands on her $JENNER token, claiming it was an unregistered security. A federal judge disagreed, ruling that hyping a token with your fame doesn't make it a security if no investor funds were pooled. Case dismissed.

Legally, you could launch a memecoin, pump it and dump it, as long as you call it "entertainment." 👇

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⚠️ JUST IN: ShinyHunters Breaches Vercel and demands $2M Ransom

ShinyHunters has allegedly hit Vercel, gaining unauthorized access to internal systems. Vercel confirmed the breach, saying a limited subset of customers are impacted and law enforcement has been notified. The group is demanding $2M. If you're a Vercel user, rotate your environment variables now.

ShinyHunters on a streak, who's next? 👇

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🛡 EXPLOIT: Phishing Drainer Hits 4 Victims for $585K in 11 Hours

A phishing drainer tricked victims into signing a fake increaseApproval signature, including one who lost 3 WBTC ($221K) right after withdrawing from Aave. Same drainer, 4 victims, $585K gone in under 11 hours.

Victim: 0x5d90…eA3

Never sign approval transactions you didn't initiate. Check yours on revoke.cash 👇

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⚠️ JUST IN: Telegram Username @boss Listed for $500K

The owner of @boss just listed the username for sale on GetGems with a starting bid of $500,000 USDT. The wallet has been dormant since Fragment launched in late 2022.

What do you think it'll sell for? 👇

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⚠️ JUST IN: Scattered Spider Member Pleads Guilty to $8M Crypto Theft

Tyler Buchanan, 24, from Scotland and believed to be a key figure in Scattered Spider, pleaded guilty to wire fraud and aggravated identity theft. The group sent hundreds of SMS phishing messages to breach over a dozen companies between 2021 and 2023, stealing $8M in crypto. He faces up to 22 years in prison. Sentencing is set for August 21, 2026.

Another Spider caught. How many are still out there? 👇

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🛡 EXPLOIT: Thetanuts Finance Drained for $46K via Rounding Exploit

An attacker flash-loaned 10 WBTC from Morpho and abused a share rounding vulnerability in ThetanutsFi's BTC/USD covered call vault. By depositing 2 satoshis first, then a large amount, they gamed the share-to-asset conversion math and drained the entire vault, netting ~0.15 WBTC profit after repaying the loan.

Victim: 0x80b8…a6f5

EXPLANATION:
The vault had no rounding protection on its share math. The attacker deposited 2 satoshis, receiving 1 share due to rounding down. Then deposited 4.68 WBTC, accumulating shares at a slightly better rate than they should have. Calling initWithdraw() burned all shares and returned the vault's full balance including pre-existing depositor funds. Classic inflation attack, tiny deposit first to skew the ratio, then drain everything.


Is $46K enough to get auditors to take rounding bugs seriously? 👇

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😂 "FUN FACT": $17B Stolen Across 518 Crypto Hacks in 10 Years

DefiLlama confirms over $17B has been drained across 518 hacks in the past decade. That's roughly $1.7B per year, or one major exploit every week on average.

And we're not even close to done. 👇

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⚠️ JUST IN: BreachForums Staff Threatens to Expose ShinyHunters in 24 Hours

BreachForums staff claims to have seized a server containing files tied to both old ShinyHunters (YuroSH) and current operator James, including ransomware logs, exclusive videos and private chats with high-profile cybercriminals. They also claim the main suspect has been arrested by French police.

Dump expected by April 23 at 10PM GMT.

Is this a coordinated takedown? 👇

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😂 FUN FACT: Today Marks 15 Years Since Satoshi’s Last Email

On April 23, 2011, Satoshi Nakamoto sent his final known message, telling Gavin Andresen that Bitcoin was “in good hands” and that he had “moved on to other things.” No one has heard from him since.

Where do you think he is? 👇

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⚠️ JUST IN: Jester Hat #1 Sells for 19,000 TON (~$25K)

Telegram gift Jester Hat #1 was sold by @starkow to collector @null for 19,000 TON (~$25,292), with a buyback option at the same price. @null now holds 25 gifts with the #1 number. Originally @starkow had planned to sell it for $191,919.

Would you pay $25K for a Telegram gift?👇

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🛡 EXPLOIT: Giddy Finance Drained for $1.3M via Signature Replay

An attacker exploited a critical signature flaw in GiddyDefi's GiddyVaultV3, replaying a valid signature with swapped parameters to drain $1.3M in staked LP tokens.

TX: 0x5edb…82e5

EXPLANATION:
The vault's signature verification only checked the data bytes inside each SwapInfo struct, ignoring critical fields like the aggregator address, token addresses and amount. The attacker took a legitimate signed transaction, replaced the aggregator with their own malicious contract, swapped the tokens for the vault's staked LP tokens, and set the amount to MAX_UINT256 to drain everything. The signature was valid, the vault approved it, funds gone.


Another audit that missed the obvious. 👇

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⚠️ JUST IN: US DOJ Charges Two Chinese Nationals Over $700M Pig Butchering Operation

Two Chinese nationals have been charged for running a crypto pig butchering scam compound in Myanmar targeting Americans. The DOJ restrained $700M in crypto and seized 503 fake investment websites tied to the operation.

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⚠️ JUST IN: 26 Fake Wallet Apps Found on Apple App Store Stealing Seed Phrases

26 malicious apps impersonating MetaMask and Coinbase slipped through Apple's review, all linked to China-region developer accounts, capturing seed phrases via phishing, OCR scanning and injected code. A fake Sparrow Wallet app also made it through, draining wallets the moment a seed phrase is entered.

Apple defended its App Store just days ago. How's that going? 👇

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⚠️ JUST IN: Researcher Cracks Bitcoin-Style Key on Quantum Hardware, Wins 1 BTC

Italian researcher Giancarlo Lelli won Project Eleven's Q-Day Prize by breaking a 15-bit elliptic curve key on publicly accessible quantum hardware, a 512x jump from the previous record set in September 2025. Not an immediate threat to Bitcoin's 256-bit security, but estimates for the qubits needed to crack it have dropped to under 500,000. Around 6.9M BTC sits in wallets with exposed public keys.

EXPLANATION:
Bitcoin uses 256-bit elliptic curve cryptography to secure wallets. A quantum computer running Shor's algorithm could theoretically derive a private key from a public key, stealing funds. Until now, quantum attacks on ECC were purely theoretical or limited to trivial 6-bit demos. Lelli's 15-bit result, done on cloud quantum hardware with no private chips or national lab, proves the attack class works in practice. The gap from 15-bit to 256-bit is still enormous, but the required resources keep shrinking fast.


Is Bitcoin moving fast enough on post-quantum upgrades? 👇

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⚠️ JUST IN: 41 Crypto Kidnappings in France in Just 3.5 Months

France has recorded 41 physical attacks and kidnappings targeting crypto holders in the first 3.5 months of 2026 alone, according to Telegram CEO @durov. Authorities have linked part of the surge to tax database leaks exposing crypto owners' personal data to criminals.

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🛡 EXPLOIT: Litecoin Hit by Rare 51% Attack, Double-Spend Drains Millions

Litecoin suffered a 51% attack allowing attackers to double-spend the same coins. They swapped LTC for other assets, then rewrote blockchain history to reclaim the original LTC, keeping both. Total losses have reached 8 figures. Litecoin Cash, a fork of Litecoin, suffered a similar attack in the past, but this marks the first time it has hit Litecoin's mainnet directly.

EXPLANATION:
A 51% attack happens when a single entity controls more than half of a blockchain's mining power. With majority control, they can secretly mine an alternate version of the blockchain and replace the legitimate chain, effectively erasing transactions that already happened. In this case, attackers made swaps to receive assets, then used their hashrate dominance to reorg the chain and erase the outgoing LTC transactions, ending up with both the LTC and whatever they received in the swap.


Is Litecoin's proof-of-work security still worth trusting? 👇

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🛡 EXPLOIT: Litecoin Hit by Rare 51% Attack, Double-Spend Drains Millions Litecoin suffered a 51% attack allowing attackers to double-spend the same coins. They swapped LTC for other assets, then rewrote blockchain history to reclaim the original LTC, keeping…
⚠️ UPDATE: Litecoin Clarifies, No 51% Attack, It Was a Zero-Day Bug

Litecoin has confirmed the incident was caused by a zero-day bug in MWEB, not a coordinated 51% attack. Non-updated nodes accepted an invalid transaction, triggering a DoS on major mining pools and a 13-block reorg. The invalid transactions were reversed and will not be included in the main chain. All valid transactions remain unaffected. Bug is fully patched, network back to normal.

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