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

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😂 FUN FACT: CZ's Theory on Elon Musk: He's an Alien

Binance founder CZ has a theory on Elon Musk: "He is an alien. He wants to return to his home planet, and Mars is just a stepping stone."

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😂 FUN FACT: Armed gang raids wrong couple looking for Crypto in France

Three armed men broke into a home in Seine-Saint-Denis at 5 AM, tied up a couple and beat them searching for crypto.

They found nothing and fled empty-handed. Police spotted the suspects in northern Paris shortly after but failed to apprehend them.

France's crypto wrench attack wave shows no signs of stopping. 👇

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⚠️ JUST IN: France opens criminal investigation against X and Elon Musk

The Paris prosecutor's office opened a formal criminal investigation on May 6 against X Corp, X.AI and Elon Musk, alongside CEO Linda Yaccarino. Charges include illegal data collection, CSAM distribution, violation of electronic communications secrecy and facilitating illegal transactions via organized crime.

@durov responded by accusing France of doing exactly what it charges X with, pointing to the France Titres data breach exposing 19M citizens and calling the investigation a political attack ahead of France's 2027 elections.

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🛡 SCAM: Collector loses $800K in fake USDT swap on GetGems

A major Chinese collector was scammed out of the anonymous short number +888 8 321, valued at over $800K.

The attackers managed to send fake swap offers using counterfeit USDT on GetGems.

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⚠️ JUST IN: TransitFinance appears to have been hacked for ~$1.8M.

The team says the exploit targeted a deprecated legacy smart contract on TRON that had been inactive since 2022. TransitFinance claims the current contract remains secure and unaffected, and says impacted users will receive full compensation.

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⚠️ JUST IN: ThorChain was likely exploited for ~$10M across Bitcoin, Ethereum, BNB Chain and Base.

Stolen assets include 36.75 BTC (~$3M) and ~$7M in other crypto.

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⚠️ JUST IN: Satoshi’s Bitcoins could become a quantum time bomb

Many of Satoshi’s coins were mined with exposed public keys, meaning a sufficiently powerful quantum computer could derive the private keys and drain the wallets.

If that happens, ~1M BTC hitting the market at once could crash the price catastrophically.

(I'm back from holidays and ready to post again!) ☺️

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⚠️ JUST IN: Thai police raid illegal Bitcoin mining operation in Lampang

Authorities raided a commercial building in Lampang, northern Thailand, after neighboring properties reported overheating and melting electrical cables. Inside they found mining rigs illegally tapped into the main power supply.

The building's official electricity bill was $11/month. Actual consumption was $81,000 worth of stolen power. Part of a wider Thai crackdown that has already netted thousands of rigs across multiple provinces.

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⚠️ JUST IN: Verus linked MezoUpshift tBTC Vault got exploited for ~$11.58M

Attacker: 0x65cb8b128bf6e690761044cceca422bb239c25f9

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😂 FUN FACT: Durov says phones are distracting and…

The man who said “I don’t carry a phone, I find it extremely distracting” spent 3h 40min daily on Telegram last week, opened the app 583 times in 7 days, and had a single session of 5h 42min. His longest offline stretch was under 15 hours. (data shared by @Heritage)

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⚠️ JUST IN: Under 100,000 blocks left until the next Bitcoin halving

The next halving is expected between April 12-17, 2028. Every halving has historically preceded a major bull run.

EXPLANATION OF HALVING:
Every 210,000 blocks, the reward miners receive for validating transactions gets cut in half. When Bitcoin launched in 2009, miners earned 50 BTC per block. Today it's 3.125 BTC. After the next halving it drops to 1.5625 BTC. Less new Bitcoin entering circulation means less selling pressure from miners, historically pushing the price up. The last three halvings in 2012, 2016 and 2020 all preceded all-time highs within 12-18 months.


Are we ready for it? 👇

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😂 FUN FACT: 10,000 BTC for two pizzas, 16 years ago today

On around May 18, 2010, Laszlo Hanyecz paid 10,000 BTC for two pizzas in what became Bitcoin's first real-world transaction. Those same coins are worth over $767M today.

Pizza or the BTC?👇

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