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A joint investigation by Reuters, Global Ledger, and Recoveris has revealed that Russia’s intelligence agencies, the FSB and GRU, have been using Bitcoin to fund covert operations. According to Recoveris, crypto payments were used to recruit teenagers and inexperienced operatives in Poland for tasks like surveillance, vandalism, and arson. The investigation also found that Bitcoin was used to finance mercenaries in the Donbas region and to allegedly bribe European politicians.
A joint investigation by Reuters, Global Ledger, and Recoveris has revealed that Russia’s intelligence agencies, the FSB and GRU, have been using Bitcoin to fund covert operations. According to Recoveris, crypto payments were used to recruit teenagers and inexperienced operatives in Poland for tasks like surveillance, vandalism, and arson. The investigation also found that Bitcoin was used to finance mercenaries in the Donbas region and to allegedly bribe European politicians.
A joint investigation by Reuters, Global Ledger, and Recoveris has revealed that Russia’s intelligence agencies, the FSB and GRU, have been using Bitcoin to fund covert operations. According to Recoveris, crypto payments were used to recruit teenagers and inexperienced operatives in Poland for tasks like surveillance, vandalism, and arson. The investigation also found that Bitcoin was used to finance mercenaries in the Donbas region and to allegedly bribe European politicians.
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ConsenSys founder Joseph Lubin, in response to a user question about a potential MetaMask token, confirmed that the company has outlined short- and medium-term strategic plans. He revealed that the initial token-related rollout will occur on the LINEA network, with subsequent protocol developments designed to work synergistically across the ecosystem.
Binance Alpha has listed the Degen (DEGEN) token. Users with at least 245 Alpha Points are eligible to claim 13,862 DEGEN tokens through the Alpha event page starting at 15:00 (UTC+8) on June 14, 2025. DEGEN serves as a reward token for users of the Farcaster platform.
ConsenSys founder Joseph Lubin, in response to a user question about a potential MetaMask token, confirmed that the company has outlined short- and medium-term strategic plans. He revealed that the initial token-related rollout will occur on the LINEA network, with subsequent protocol developments designed to work synergistically across the ecosystem.
The Ethereum Foundation has published its Q1 2025 funding report, revealing it allocated around $32.65 million to initiatives focused on community and education, the consensus and execution layers, zero-knowledge proofs, and developer tools. These grants are intended to foster the growth and technological progress of the Ethereum ecosystem.
SEC Chairman Paul Atkins will give a keynote address on May 12 focused on asset tokenization, titled "Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet." The event will also feature speakers from major financial institutions, including Cynthia Lo Bessette of Fidelity, Eun Ah Choi of Nasdaq, Will Geyer of Invesco, and Robert Mitchnick of BlackRock.
$330 Million Bitcoin Heist: Social Engineering Behind Massive Theft
An elderly U.S. citizen has fallen victim to one of the largest crypto thefts to date, losing 3,520 BTC—valued at roughly $330 million.
The attacker used social engineering tactics to gain access to the victim’s wallet, then quickly laundered the funds through more than 300 addresses, 20 exchanges, and multiple mixers. A substantial portion was converted into Monero (XMR), significantly hindering traceability.
Experts say the theft was premeditated and executed with high levels of automation and precision, leaving little hope for fund recovery.
The city administration of Roswell, New Mexico, has established its own Bitcoin reserve, bypassing various bureaucratic hurdles. The wallet received its first donation of 0.03 BTC, and the authorities are open to contributions from anyone interested.
This makes Roswell the first city in the U.S. to adopt a Bitcoin reserve.
The Ethereum Fusaka hard fork upgrade is expected to occur in the third or fourth quarter of 2025. The EVM Object Format (EOF) upgrade, which was initially planned to be part of Fusaka, has been canceled due to technical uncertainties and potential risks of delays. EOF was designed to enhance smart contract execution efficiency and lower overhead by standardizing the bytecode structure.
In his first public appearance on day four in office, SEC Chair Paul Atkins announced at a crypto roundtable that he will collaborate with Congress and the Trump administration to create a “reasonable and targeted” regulatory framework for digital assets. He highlighted their potential to reduce risks and lower costs.