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forklog.media North Korean Hackers Linked to $280 Million Drift DeFi Protocol Breach

The North Korean group Lazarus (TraderTraitor) has been identified as the perpetrators behind the $280 million breach of the DeFi protocol Drift, according to experts from Diverg, TRM Labs, and Elliptic. This same group previously targeted Bybit ($1.5 billion) and Ronin ($625 million). 1/10We've been investigating the @DriftProtocol exploit ($285M) since April 1.We can confirm along with TRM Labs and Elliptic that North Korea's Lazarus Group (TraderTraitor). Same unit behind Bybit ($1.5B), Ronin ($625M). Was involved.Here's what our independent on-chain…— Diverg (@DivergSec) April 3, 2026 The attacker did not merely compromise the multisig once, as initially suggested by the affected project's developers.  On March 27, Drift updated its Security Council rules: two out of five signatures were required to confirm a transaction, and execution was instantaneous. However, just three days later, the perpetrator breached the new multisig again and used a deferred signature mechanism.  Preparation for the Attack The hacker began preparing for the attack on March 11. At that time, they withdrew 10 ETH using Tornado Cash at 15:24 Pyongyang time. The funds passed through a chain of disposable wallets and cross-chain bridges.  On March 12, 50 SOL was sent to the token issuance address, and by 09:58 Korean time, the perpetrator had created 750 million fake CVT coins. The same address was used in the BSC network. It received 31.125 BNB through a signed transaction from MetaWallet, after which the funds followed the same route as Ethereum.  Earlier reports mistakenly claimed that 30 ETH from three withdrawals via Tornado Cash funded the attack. Experts clarified that the attacker owned only one transaction of 10 ETH. The other two went to a service for address poisoning.  Funds Withdrawal After the breach, Diverg reconstructed the full strategy for withdrawing funds through the public API of CoW Protocol. Within 30 minutes, the perpetrator placed 10 orders via the CoW Swap web interface, converting $14.6 million USDC and 99.8 WBTC into approximately 13,150 ETH. All 10 transactions are confirmed on the blockchain. The secondary holding wallet received funds from two sources: 390.86 ETH from Chainflip Vault and 846,000 USDC through Circle CCTP (later converted into 397 ETH via CoW Protocol). In total, 788 ETH were sent to the holding address. Behavioral Profile All confirmed actions of the hacker are tied to Pyongyang's working hours and were conducted only on weekdays. The group's methods fully align with the known profile of Lazarus: preparation through Tornado Cash, social engineering (fake job offers, as in the case with Bybit SafeWallet), rapid transfer of funds across multiple blockchains into Ethereum, and retention of stolen assets. However, this time the perpetrators employed a new tactic: they issued fake CVT tokens and manipulated oracle data to artificially inflate the collateral value. According to Elliptic, the Drift breach marks the 18th attack by Lazarus since the beginning of 2026.  Earlier in March, the North Korean group was suspected of attacking the cryptocurrency online store Bitrefill. 

forklog.media Ireland Introduces Digital ID for Social Media Age Verification

On April 3rd, the Irish government launched a pilot version of a digital wallet that includes an age verification feature to enhance online safety for teenagers. This was reported by Bloomberg. The Department of Public Expenditure and Reform stated that the digital ID will simplify age verification, purportedly helping to protect children and young people from the harms of social media. Ireland hosts the European headquarters of the world's largest tech companies. It is among several countries aiming to restrict teenagers' access to social media. This movement gained momentum after Australia banned children under 16 from using these platforms in January, as reported by BBC. In Ireland, it is believed that age verification will be a step towards broader restrictions on platforms operated by tech giants like Meta. Previously, Finance Minister Simon Harris stated that teenagers' presence on social media is a "serious public health issue," citing the impact of these resources on mental health. The new digital wallet can store versions of birth certificates, driver's licenses, and other official documents. All EU member states are required to implement such a system by the end of 2026, but each country has the right to choose how to apply it. Are Social Media Harmful? Experts have repeatedly expressed concerns about the harm social media poses to teenagers. In May 2023, the president of the American Psychological Association, Thema Bryant, stated that platform use should be assessed through the lens of maturity, as young users "are less able to handle psychological risks." According to Hans Kluge, WHO Regional Director for Europe, the issue of social media use is growing and poses serious concerns for the health and well-being of young people.  "Clearly, social media can have both positive and negative consequences. This is why digital literacy is so important. However, in many countries, it remains insufficient, and where available, it often lags behind the pace of children's development and technological progress," noted the expert. Bloomberg School Associate Professor Johannes Thrul emphasized that social media is dangerous due to the concealment of data on algorithmic impacts. Independent researchers cannot fully assess the harm. Psychologist Lisa Damour believes that teenagers should delay access to social media as long as possible. The main issue lies in algorithms that push harmful content. Digital ID on the Rise In recent years, many countries have launched new digital identification systems. These are being implemented by both governmental and private entities: banks, universities, and IT corporations. These services allow citizens to use electronic documents through online services but create risks for personal security. Consequently, a movement is gaining momentum online advocating for the conscious rejection of digital IDs and AI assistants. This emerging social group values "opacity" over convenience. Back in July 2025, China introduced digital identity cards for online use.

news.bitcoin.com Drift Protocol Hack 2026: What Happened, Who Lost Money, and What’s Next

A Solana-based perpetual futures exchange lost $286 million in 12 minutes on April 1, 2026, after attackers spent three weeks quietly manufacturing fake collateral and socially engineering the protocol’s signers. The incident has been the most topical discussion in crypto circles over the last few days. DPRK Lazarus Group Suspected in Drift Protocol $286 Million […]

news.bitcoin.com ViaBTC Showcases Collateral-Pledged Loan Solutions to Navigate Diverse Market Conditions

This paid press release was provided by ViaBTC and was not written by Bitcoin.com News. Bitcoin.com News does not necessarily endorse the statements made within this announcement. PRESS RELEASE. While bull markets can be a golden period for miners, bear markets can be just as unforgiving. It’s not uncommon for crypto miners to incur major […]

bitcoinmagazine.com Riot Platforms Sells 3,778 Bitcoin in Q1 as Miner Strategy Shifts Toward AI Infrastructure

Bitcoin Magazine Riot Platforms Sells 3,778 Bitcoin in Q1 as Miner Strategy Shifts Toward AI Infrastructure Riot Platforms offloaded 3,778 BTC in Q1 — more than 2.5x its production — as it pivots from mining to AI infrastructure. This post Riot Platforms Sells 3,778 Bitcoin in Q1 as Miner Strategy Shifts Toward AI Infrastructure first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

bitcoinist.com X Eyes Auto-Lock For Crypto Mentions After Tortoise Death Hoax

A Solana memecoin linked to a false death report about Jonathan, the 193-year-old tortoise, reportedly jumped more than 6,000% before pulling back sharply after the hoax spread across X and other news outlets caught on. The token, called JONATHAN, was still trading at $0.00007998, according to reports. Related Reading: Bitcoin Could Be Taiwan’s Lifeline In […]

forklog.media There Is No Iran

On January 4, 1991—thirteen days before the bombing of Iraq began—the French philosopher Jean Baudrillard published an essay in Liberation titled “The Gulf War Will Not Take Place”. The headline nodded to Jean Giraudoux’s play “The Trojan War Will Not Take Place”, whose characters try to forestall the inevitable. Once the bombing started, he followed with a second essay—“The Gulf War: Is It Really Taking Place?”. After hostilities ended came a third: “The Gulf War Did Not Take Place”. These texts made up a book published in May 1991. This piece explains why the French thinker’s idea still holds today—judging by Donald Trump’s posts and more. On “the war that did not happen” Baudrillard did not deny that bombs fell in the desert and people died. His point was different: what occurred was not war in the usual sense—a clash of armies able to inflict comparable damage on each other. The imbalance of military power was so great that direct confrontation never happened. What mattered most to Baudrillard was how events in the Persian Gulf were perceived. The 1991 war became the first armed conflict in history that television broadcast live, 24 hours a day. Viewers saw strikes from missile-borne cameras but not the victims or the destruction—the American authorities, mindful of Vietnam, imposed controls on the media. “At times the absurdity of the media’s self-representation as the purveyor of reality and immediacy broke the surface—in such moments as, for example, when CNN’s cameras switched live to a group of reporters somewhere in the Persian Gulf, only for them to admit that they were themselves sitting and watching CNN, trying to work out what was happening. Television news, it seemed, had finally caught up with the logic of simulation,” wrote Baudrillard’s translator Paul Patton in the introduction to the English edition. What hyperreality is Hyperreality is a situation in which the image of an event matters more than objective reality. The copy displaces the original—not because anyone is deliberately deceiving, but because that is how media work. They make the image more accessible and more vivid than reality itself. “To the catastrophe (an occurrence) of the real world we prefer exile into the virtual world, whose universal mirror is television,” wrote Baudrillard. The philosopher had developed this idea long before the Gulf. In “Simulacra and Simulation” (1981) he described four stages in the relation between image and reality: first the image reflects reality, then masks it, then masks the absence of it, and finally has no relation to reality at all—it becomes a pure simulacrum. The Gulf conflict became, for Baudrillard, the perfect illustration. The television picture replaced the event itself. War turned, in his words, into an advertising campaign without a product: “Advertising-informational, speculative, virtual: this war no longer corresponds to von Clausewitz’s well-known formula ‘war is the continuation of politics by other means’, but rather signifies the absence of politics, continued by other means.” Baudrillard also captured the psychological side. Politicians, generals and viewers became hostages of the media rather than of real events: “The war, along with all its military fakes, its putative soldiers and generals, its supposed experts and television presenters who constantly speculate about it all day long before our eyes, seems to be spinning before a mirror: am I good enough, effective enough, spectacular enough, perfect enough to step onto the stage of history?” War has a media face In 1991 the intermediary between viewer and event was television. Today there are dozens: X, Telegram, TikTok, YouTube, news aggregators. Each imposes its own filter on reality. In 2026 information arrives as short clips, memes and screenshots—fragments easier to spread than to verify. UNDEFEATED. pic.twitter.com/Jt69bcag5y— The White House (@WhiteHouse) March 12, 2026 Social-media algorithms amplify the effect. They pick content not for its veracity but for its grip on attention. An emotionally charged post gains more reach than a dry fact. Thus a feed emerges in which images compete not for accuracy but for reaction. The difference between 1991 and 2026 is scale and speed. Then a television viewer received one version of events from journalists. Today a user receives thousands from anyone: eyewitnesses, propagandists, bloggers, bots. Yet the proliferation of sources has not brought the viewer closer to reality; it has widened the distance. The more versions there are, the harder it is to establish what actually happened. The spice must flow; the show must go on Thirty-five years on, the mechanics of hyperreality are even clearer. American YouTuber Brendan Miller, in a video essay, analysed the US conflict with Iran through Baudrillard’s lens and compared the situation to a TV show. The blogger noted a telling sign: war exists chiefly as a set of images—clips in which combat footage is edited together with nods to mass culture. JUSTICE THE AMERICAN WAY. 🇺🇸🔥 pic.twitter.com/0502N6a3rL— The White House (@WhiteHouse) March 6, 2026 In Miller’s view, once a conflict is perceived through the prism of hyperreality, its logic shifts. Goals blur, deadlines slip, and the audience’s reaction becomes the main yardstick of success. If you are dealing with a TV show, plans and schedules do not matter. Through that lens, Miller suggests, the behaviour of US president Donald Trump makes sense. Constantly shifting aims and timelines, a thinly worked-out plan—none of this looks chaotic if you realise that for someone who treats war as a TV show, such details simply do not matter. The picture does. The quintessence came in a line from an interview with ABC journalist Jonathan Karl, in which Trump addressed him directly: “I hope you’re impressed. Well, how do you like our performance? Venezuela is obvious. And this may be even better. How do you like the performance?” Miller concludes: this is not the language of a politician or a military strategist. It is the language of a TV producer whose task is to deliver spectacle. Baudrillard described this mechanism in 1991. In his words, war lost political goals and set out to prove its own existence: “Unlike previous wars, which had definite political aims—conquest or domination—what is at stake now is war itself: its status, its meaning, its future. It has no other aim than the proof of its very existence (this identity crisis concerns the existence of each of us).” Hyperreality does not nullify consequences—they are felt far beyond the screen. Baudrillard understood this contradiction. His texts did not claim that reality had vanished. They recorded a split: the image of an event and the original drift ever further apart, yet the consequences—physical, economic, human—remain entirely real. Text: Sasha Kosovan

u.today Hyperliquid Whale Sells Five Million XRP in 20x Short Deal, Japanese Bitcoin Researchers See $10,000 BTC as Worst-Case Scenario, Ethereum Foundation Stakes Nearly $100 Million in Ether: Morning Crypto Report

Whale shorts five million XRP on Hyperliquid, Japan analysts warn of $10,000 BTC "black swan" and Ethereum Foundation stakes $143 million. Plus, analysis of Bitcoin liquidity vacuum on Easter weekend.

forklog.media Retail Bitcoin Investor Activity Hits Lowest Level Since 2017

Retail investors in the leading cryptocurrency have nearly exited the market, with their activity dropping to a nine-year low, according to an analyst known as Darkfost. 💥 Retail activity hit an 9-year low.Retail activity has reached a record low. Retail investors are clearly absent from the market.— 💡In this chart, retail activity is represented by inflows below 1 BTC on Binance. Binance remains the most widely used platform among this… pic.twitter.com/IS0tuCi2uD— Darkfost (@Darkfost_Coc) April 3, 2026 The 30-day moving average of Bitcoin inflows to Binance from small players has fallen to 332 BTC, the lowest level since the exchange's launch in 2017. "Binance remains the most widely used platform among this category of players and consistently records the largest trading volumes," the expert noted. He highlighted several reasons for the current trend: Exchange storage. Access to cryptocurrency has become easier, and many users believe that holding funds with a third party is safer, even after the FTX collapse. This leads to greater centralization of asset ownership; Rising popularity of ETFs. In January 2024, the average monthly inflow from retail investors to Binance was about 1000 BTC, three times the current levels. Now, investors looking to profit from Bitcoin's volatility can use exchange-traded funds, which are considered safe; Capital shift. Some market participants have moved from cryptocurrencies to stocks and commodities. This shift was largely influenced by the conflict in the Middle East, which has driven up oil prices; Accumulation. Some retail investors have increased their Bitcoin holdings and moved into the category of large holders. However, the impact of this factor is minimal. "The evolution of Bitcoin since 2017 has clearly changed the market structure, and small participants have likely adapted accordingly, leading to lower on-chain activity compared to previous cycles," Darkfost concluded. A True Bear Market The specialist also pointed out that the proportion of Bitcoin in loss has approached levels typical of previous bear markets. Currently, about 11.2 million BTC remain in profit relative to their purchase price. This is not far from the level recorded in 2022, which was 9 million BTC. 📊 The level of supply in profit and in loss is now reaching levels typical of a true bear market.🟢 Currently, around 11.2 million BTC remain in profit relative to their purchase price.This is not far from the lowest level of BTC in profit recorded during the previous bear… pic.twitter.com/U5CtR3AQBq— Darkfost (@Darkfost_Coc) April 2, 2026 "On the other hand, about 8.2 million BTC are in loss. This is a significant figure, considering that during the last prolonged downturn, this number reached about 10.6 million BTC," he noted. According to analyst Axel Adler Jr., the market is currently under pressure from the dominance of short positions. The Positioning Index has dropped to -3.1. Shorts are opening. Longs are getting flushed out. The Positioning Index has turned negative again. Is this a regime shift or a bear trap?☕️ Adler AM #140👇https://t.co/yMs5dURJvJ pic.twitter.com/PPxLCFjtQf— Axel 💎🙌 Adler Jr (@AxelAdlerJr) April 3, 2026 The 30-day moving average of the indicator (SMA-30d) reached a local peak of +3 in mid-March at a price of $73,925, then reversed and fell to the current value. Over two and a half weeks, the metric crossed the zero mark and continued to decline, reflecting a steady increase in bearish positions. During the same period, the Bitcoin price corrected from $74,883 to $66,603. The 30-day moving average declined in tandem with the market, confirming the weakening of its structure. Adler Jr. stated that the main condition for a reversal is the recovery of the SMA-30d above the zero mark and maintaining positive indicator values for two to three days. "Until then, the market structure remains clear: short positions dominate," he concluded. At the time of writing, digital gold is trading around $67,000. Hourly chart of BTC/USDT on Binance. Source: TradingView. Earlier in April, CryptoQuant analysts reported that large holders have shifted from accumulating the first cryptocurrency to distributing it. According to them, the trend is long-term.

blockonomi.com How Kooc Media Is Giving iGaming Companies the Press Coverage the Industry Has Been Missing

The iGaming industry is worth billions. It employs thousands of people across dozens of countries. It operates under some of the most rigorous regulatory frameworks in digital commerce. And yet, when it comes to press coverage, most iGaming companies are practically invisible. Kooc Media, a PR distribution agency that has served the gambling and crypto [...] The post How Kooc Media Is Giving iGaming Companies the Press Coverage the Industry Has Been Missing appeared first on Blockonomi.

bitcoinist.com Is Your Crypto Funding Pyonyang? Inside Solana-Based Drift Protocol $286 Million Exploit

Blockchain analytics firm Elliptic says the $286 million exploit of Solana-based Drift Protocol is most likely linked to the Democratic People’s Republic of Korea (DPRK). Solana Suffered One Of The Largest Crypto Exploits In History On April 1st, the DEX Drift Protocol suffered a major exploit that drained almost $300 million dollars in crypto assets […]

blockmanity.com Step-by-Step Beginner’s Guide: How to Buy Your First Cryptocurrency Safely

Introduction to Are you excited to dive into the world of crypto but not sure where to start? can feel overwhelming, but it doesn’t have to be. This guide breaks it down into simple steps. Whether you want Bitcoin or […] The post Step-by-Step Beginner’s Guide: How to Buy Your First Cryptocurrency Safely appeared first on Blockmanity.

blockmanity.com How Web3 Wallets, ENS Domains, and Decentralized Social Platforms Are Revolutionizing Blockchain and Digital Identity

Introduction to the Web3 Revolution The internet is changing fast. Web3 is the new phase where blockchain tech gives power back to users. No more big companies controlling your data. Instead, tools like , , and decentralized social platforms let […] The post How Web3 Wallets, ENS Domains, and Decentralized Social Platforms Are Revolutionizing Blockchain and Digital Identity appeared first on Blockmanity.

news.bitcoin.com Japan Stablecoin Regulation Explained: PSA Rules, JPY Coins and Bank Issuers

Japan built the world’s most restrictive stablecoin framework on purpose, and it’s starting to pay off. Japan’s Stablecoin Rules JPYC Co. launched what regulators and the company call the world’s first fully regulated yen-pegged stablecoin in October 2025, capping a decade of cautious financial architecture that Tokyo began laying well before most governments acknowledged digital […]

blockonomi.com Bitcoin Worst-Case Scenario: Trump’s Iran Speech Exposes Market Fragility

TLDR: Trump’s April 1 Iran speech invalidated de-escalation hopes, triggering an immediate global risk-off market reaction. WTI crude surged 11.41% to $111 while the VIX climbed to 25, signaling a sharp deterioration in market liquidity. CME Bitcoin futures open interest of 18K–20K BTC is concentrated in short-dated contracts, raising cascading sell risk. In an extreme [...] The post Bitcoin Worst-Case Scenario: Trump’s Iran Speech Exposes Market Fragility appeared first on Blockonomi.

bitcoinmagazine.com The Bitcoin Treasury Model With a Built-In Valuation Floor

Bitcoin Magazine The Bitcoin Treasury Model With a Built-In Valuation Floor A profitable operating business adds a second valuation component to a Bitcoin treasury. One that isn't driven purely by sentiment. This post The Bitcoin Treasury Model With a Built-In Valuation Floor first appeared on Bitcoin Magazine and is written by Nick Ward.

blockonomi.com AI Stock Showdown: Dell (DELL), Oracle (ORCL), Nebius, or Palantir (PLTR) – Which Has the Best Upside?

Dell, Oracle, Nebius, and Palantir all posted impressive AI revenue growth. We compare earnings, margins, and valuations to find the best opportunity. The post AI Stock Showdown: Dell (DELL), Oracle (ORCL), Nebius, or Palantir (PLTR) – Which Has the Best Upside? appeared first on Blockonomi.

bitcoinist.com Ethereum Looks To Bottom Against Bitcoin: What The Charts Are Saying

Ethereum has spent the better part of recent months losing ground to Bitcoin, and this underperformance may now be approaching a turning point, at least according to a new technical outlook shared by crypto analyst CrediBULL Crypto. The technical analysis shows that the ETH/BTC pair is no longer breaking down and is now quietly settling […]

forklog.media Riot Platforms Sells Bitcoin Worth $289 Million to Develop AI Infrastructure

The mining company Riot Platforms sold 3778 BTC for $289.5 million in the first three months of 2026. The average sale price was $76,626 per coin. During the quarter, the firm mined 1473 BTC — a 4% decrease compared to the same period in 2025 (1530 BTC). It retains 15,680 BTC under management, valued at $1.1 billion. Despite the decline in production, Riot's capacity has expanded. The deployed hashrate increased by 26% year-on-year to 42.5 EH/s. The average operational rate rose by 23%, reaching 36.4 EH/s. Source: Riot.  Transition to AI The company is accelerating its business shift towards supporting infrastructure for artificial intelligence and high-performance computing. Riot aims to monetize its extensive energy resources in Texas, moving beyond traditional mining. In January, the firm sold 1080 BTC. The $96 million proceeds were used to purchase 200 acres of land at its Rockdale site. The miner also entered into a ten-year licensing agreement with Advanced Micro Devices to provide 25 MW of capacity, with the potential to expand to 200 MW. This deal is expected to generate approximately $311 million in contract revenue over the first decade. Riot is not the only mining company using crypto reserves to enter the AI market. Amid falling prices, the trend of repurposing equipment is gaining popularity, as mining digital gold becomes less profitable at current prices. Earlier, CoinShares analysts concluded that up to 20% of miners are already operating at a loss. For the industry to return to stable profitability, Bitcoin needs to trade at no less than $100,000. At the time of writing, the cryptocurrency is priced at approximately $66,900. Hourly BTC/USDT chart on Binance. Source: TradingView.  Back in March, Wintermute experts stated that the traditional Bitcoin mining model is becoming obsolete.

blockonomi.com Why More Players Searching for Stake.com Alternatives Are Finding ZunaBet

The path from Stake.com to ZunaBet is becoming one of the most well-traveled routes in crypto gambling. It starts with a question that more players are asking in 2026 than at any point before: is there a better option? That question leads to a search. That search leads to comparisons. And those comparisons increasingly lead [...] The post Why More Players Searching for Stake.com Alternatives Are Finding ZunaBet appeared first on Blockonomi.

forklog.media Cursor Unveils Third Version with Seamless AI Agent Management

Cursor has launched the third version of its AI editor, featuring a revamped interface designed for managing AI-based agents. We’re introducing Cursor 3. It is simpler, more powerful, and built for a world where all code is written by agents, while keeping the depth of a development environment. pic.twitter.com/rXR9vaZDnO— Cursor (@cursor_ai) April 2, 2026 “Introducing Cursor 3 — a unified workspace for development with agents. The new interface makes AI assistants' operations more transparent, elevating the user to a higher level of abstraction,” the announcement states. The software enables the launch of multiple digital assistants locally in the cloud. Task monitoring is facilitated through a new sidebar menu. For clarity, agents generate demos and screenshots of their work. Developers have added a quick switch feature between modes. A session can be transferred from a computer to the cloud, allowing the virtual assistant to continue working even after the device is turned off. This is effective for long tasks that are typically interrupted when a laptop is closed. The reverse transfer allows for continued testing and code editing on a local PC. The new change view interface allows for faster editing and review of revisions. Users can delve into the code at any time, viewing necessary files and navigating to definitions directly in the editor. The integrated browser enables Cursor to open local sites and interact with them. Additionally, hundreds of plugins are available to extend the agents' capabilities, installable with a single click. Back in January, a vulnerability was found in the Cursor AI editor that allowed PC control to be intercepted.

blockonomi.com Which DeFi Lending Protocols Can Survive the Next Crash? Aave, Sky, Morpho, and Compound Reviewed

TLDR: Aave processed over $1 trillion in loans while recording only approximately $2 million in lifetime bad debt. Sky has maintained zero lifetime bad debt since 2019, surviving Terra, FTX, 3AC, and multiple ETH crashes. Morpho’s isolated market design prevents a single bad asset from cascading losses across the broader protocol. Compound holds just $65,710 [...] The post Which DeFi Lending Protocols Can Survive the Next Crash? Aave, Sky, Morpho, and Compound Reviewed appeared first on Blockonomi.