Release News

⚠️ NEW IN: $24M CRYPTO PONZI OPERATOR CONVICTED

Las Vegas businessman Brent Kovar has been convicted on 15 federal counts for defrauding more than 400 investors through his company, Profit Connect.

Kovar falsely claimed the company used AI-powered supercomputers to mine crypto and generate guaranteed annual returns of 15%–30%. Prosecutors said the technology and profits never existed, with investor funds instead used to repay earlier investors and fund personal expenses.

Kovar faces up to 280 years in prison and is scheduled to be sentenced on November 30, 2026.

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⚠️ NEW IN: TELEGRAM ANONYMOUS NUMBER SELLS FOR NEARLY $1.1M

The Telegram anonymous number +888 8 666 has reportedly sold for 666,666 GRAM, with the transaction valued at nearly $1.1 million.

According to data from Fragment, the sale makes the number one of the most expensive anonymous Telegram numbers ever recorded on the platform. The valuation is driven by the number’s highly distinctive repeating-digit pattern, which makes it particularly desirable within Telegram’s collectible username and number market.

The transaction was first reported by Foresight News, with the sale taking place through Telegram’s ecosystem using GRAM.

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⚠️ NEW IN: TERM FINANCE SUFFERS $8.5M GOVERNANCE EXPLOIT

Term Finance has suffered an estimated $8.5 million loss after an attacker exploited the governance system controlling its Meta Vaults. The attacker gained sufficient governance control to authorize the withdrawal of approximately 2,843 ETH, worth around $6.9 million, along with roughly 1.68 million USDC, which was subsequently converted into DAI.

The incident was not caused by a conventional smart contract vulnerability. Instead, the attacker exploited weaknesses in the protocol’s governance mechanism to obtain control over vault assets. Following the attack, Term Finance permanently shut down its Meta Vaults and revoked their DAO governance permissions.

Term Finance has disabled new deposits while keeping withdrawals available for affected users. The team is continuing to investigate the incident and assess potential recovery options.

The incident highlights the risks associated with governance systems that can provide control over large pools of user funds.

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⚠️ NEW IN: ZachXBT Investigates French Cybercriminal M1llionz

ZachXBT has linked M1llionz (RichMilly666) to the alleged laundering of $667K+ stolen in two violent home invasions in France.

Around 93,507 USDT connected to the attacks has reportedly been frozen by Tether.

The investigation traces the stolen funds across multiple wallets, bridges and exchanges.

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⚠️ NEW IN: BITCOIN RECORDS LARGEST WEEKLY GAIN SINCE MARCH 2023

Bitcoin surged more than 23% in a single week, marking its strongest weekly performance since March 2023.

The rally pushed BTC from roughly $63,000 to above $77,000, with the price briefly approaching $80,000.

The move was supported by stronger risk appetite, increased Bitcoin ETF inflows, and broader optimism surrounding U.S. crypto policy.

Bitcoin’s sharp weekly rise also triggered more than $4 billion in crypto liquidations, adding further momentum to the market.

Despite the rally, analysts continue to monitor macroeconomic conditions and liquidity expectations as key factors for Bitcoin’s next move.

Bitcoin remains in focus as the market watches whether the momentum can continue.

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⚠️ NEW IN: Term Labs Suffers $8.5M Governance Exploit

Term Labs has confirmed a governance attack targeting its Term Vaults.

The attacker reportedly gained majority voting power and used malicious governance proposals to drain approximately 2,843 ETH and $1.68M DAI.

The attacker-controlled wallet currently holds the stolen assets.

Term Labs says the incident is still under investigation.

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⚠️ NEW IN: BLACKROCK MAKES $1.17B CRYPTO MOVE

BlackRock-linked ETF wallets reportedly received 11,098 BTC and 132,769 ETH over the past 48 hours, worth approximately $1.17 billion combined, according to Lookonchain.

The move comes as institutional exposure to Bitcoin and Ethereum continues to grow.

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⚠️ NEW IN: ZachXBT is launching a new website to help crypto scam victims investigate and recover stolen funds.

However, victims in Canada, the UK, India, Nigeria and several other jurisdictions may be excluded due to low law-enforcement arrest rates, according to ZachXBT.

More details are expected once the platform goes live.

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⚠️ NEW IN: A crypto whale reportedly lost around $2M in an address poisoning attack.

The attacker used a lookalike wallet address, tricking the victim into copying the wrong address and sending millions in crypto.

A reminder to always verify the full wallet address before sending large transactions.

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⚠️ NEW IN: BounceBit permanently shuts down its blockchain after a ~$3M exploit.

An attacker exploited an authorization flaw in an Evmos module, transferring ~286.5M BB from 9 accounts across 14 transactions.

BounceBit will reissue BB as a BEP-20 token on BNB Chain using a pre-exploit snapshot. The stolen tokens will be excluded from the new supply.

No private keys or wallets were compromised.

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⚠️ NEW IN: CYBERLEEK ACCOUNT LINKED TO SPANISH ONLINE ALIAS

The operator behind one of CyberLeek’s Telegram channels has reportedly been linked to an individual using the alias “GnomodelincuenT” in Spain.

The alleged connection was reportedly discovered through a Google Drive account used to share files in CyberLeek’s “cyberleekario” channel.

The identity has not been independently verified, and further evidence is expected.

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⚠️ NEW IN: TREZOR DATA BREACH EXPOSES 13,689 CUSTOMERS

Trezor has warned users following a data breach at its third-party shipping partner, ShipMonk.

Personal information including names, emails, phone numbers and addresses was exposed for thousands of customers.

Trezor says wallets, private keys, recovery seeds and funds were not compromised.

The leaked data could potentially be used for targeted phishing and social engineering attacks.

Users are advised to ignore suspicious calls and messages and never share their recovery seed.

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⚠️ NEW IN: User reportedly loses 1,000 ETH ($2.2M) in fake Tornado Cash scam

A user reportedly lost 1,000 ETH after using the old tornado.cash domain, which is allegedly controlled by a threat actor.

The stolen funds were sent to:

0xd8B356356d7B143D7ece9F5876FE4b954E93b745

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⚠️ NEW IN: The FBI may have identified the attacker behind the Coldcard theft.

Investigators reportedly traced the attacker through a paid blockchain-data account.

Over 1,700 BTC has been stolen across multiple waves, making it one of the largest crypto thefts this year.

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⚠️ NEW IN: Maya Protocol halts MAYAChain after a $1.7M exploit.

Attackers reportedly drained around 20.8 BTC and other assets by exploiting multiple vulnerabilities.

CACAO also plunged nearly 89%, while liquidity pools suffered major losses.

A full post-mortem is still pending.

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⚠️ NEW IN: 8 ARRESTED OVER $12M+ CRYPTO PONZI SCHEME

Hong Kong and Macau authorities have arrested eight people over the alleged Fun Coffee crypto investment scheme.

The platform reportedly promised returns of up to 278% annually and attracted investors through recruitment bonuses.

Authorities say losses have exceeded HK$100M ($12M+), with funds allegedly used to pay earlier investors.

The platform went offline in July, leaving investors unable to withdraw their funds.

The investigation remains ongoing.

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⚠️ NEW IN: GTA 6 GAMEPLAY LEAKS SURFACE ONLINE

Multiple videos claiming to show GTA 6 gameplay are circulating on X.

Rockstar has yet to officially confirm the leaks, but several videos have reportedly been removed following copyright claims.

More details are expected as the situation develops.

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⚠️ NEW IN: VULTISIG USER LOSES $1.2M IN SOCIAL ENGINEERING ATTACK

A Vultisig user reportedly lost more than $1.2 million in cryptocurrency after an attacker impersonated customer support.

The scammer gained the victim’s trust and access to the wallet before draining the funds.

The incident highlights the growing threat of fake support agents targeting crypto users.

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⚠️ NEW IN: $165M CRYPTO PONZI SCHEME SUSPECT RETURNED TO U.S.

Edward Zimbardi, 59, has been deported from Fiji and returned to the United States to face federal charges linked to the alleged “Crypto Program” Ponzi scheme.

According to prosecutors, the scheme raised more than $165 million from over 6,000 investors, who were promised guaranteed monthly returns of 25%.

Investigators allege that investor funds were used to pay earlier participants, finance foreign-currency trading and fund at least $10 million in personal expenditures.

Zimbardi faces multiple federal counts involving wire fraud and money laundering.

The charges remain allegations, and he is presumed innocent unless proven guilty.

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⚠️ NEW IN: $300M+ Coinbase Thief Moves Again

The actor linked to the massive Coinbase-user theft reportedly moved another ~$500K into ETH and through Tornado Cash.

Tens of millions reportedly remain in linked wallets.

The same actor previously taunted ZachXBT on-chain.

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