Crypto Hackers Strike a Deal: Millions Returned for a 10% Cut

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📈 Preview On Today’s News:

1. - Crypto Hackers Strike a Deal: Millions Returned for a 10% Cut

2. - Grayscale Bitcoin Trust Shakes Market with $268.5M Revenue Surge

3. - Crypto Turmoil: Trump’s Meme Coin Sparks Impeachment Calls, SEC Demands Clearer Rules

Keep reading below for more!

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Today’s News:

1)

Crypto Hackers Strike a Deal: Millions Returned for a 10% Cut

Decentralized finance platform Loopscale has successfully negotiated the return of most of the $5.8 million stolen in an April 26 hack, after offering the attacker a 10% bounty and immunity from legal action. The breach exploited vulnerabilities in Loopscale’s RateX PT token pricing, impacting depositors in the USDC and SOL vaults. Loopscale halted withdrawals and market activity immediately following the exploit. The hacker agreed to the bounty just before the April 28 deadline, securing the return of 90% of the stolen funds. Loopscale plans to resume vault operations and release a full incident report. This incident highlights a troubling rise in crypto hacks, with over $1.6 billion lost to security breaches in Q1 2025 alone.

• Loopscale negotiated the recovery of 90% of the $5.8 million stolen by offering the hacker a 10% bounty and legal immunity after a major exploit in its token pricing system.

• The hack underscores growing security risks in the crypto sector, with over $1.6 billion lost to breaches in the first quarter of 2025.

2)

Grayscale Bitcoin Trust Shakes Market with $268.5M Revenue Surge

Grayscale Bitcoin Trust (GBTC) has surpassed all spot Bitcoin ETFs by reporting $268.5 million in annual revenue. Led by CEO Michael Sonnenshein, Grayscale manages $18.24 billion in assets, reinforcing its dominance as the world’s largest spot Bitcoin ETF. GBTC’s strong liquidity, scalability, and 1.5% management fee structure have attracted significant institutional interest, solidifying its leadership despite increasing competition from lower-fee offerings. This achievement highlights Grayscale’s enduring influence in the digital asset management sector, showcasing broad investor confidence and market reliance on its platform.

• Grayscale Bitcoin Trust (GBTC) posted $268.5 million in annual revenue, surpassing all other spot Bitcoin ETFs while managing $18.24 billion in assets.

• GBTC’s strong liquidity, 1.5% fee structure, and institutional support solidify its leading role in the highly competitive digital asset investment market.

3)

Crypto Turmoil: Trump’s Meme Coin Sparks Impeachment Calls, SEC Demands Clearer Rules

Political and regulatory tensions surrounding cryptocurrency are rising sharply in Washington. SEC Commissioner Hester Peirce described the U.S. crypto regulatory environment as chaotic and dangerously unclear, likening it to playing "the floor is lava" in the dark, and called for a structured, transparent framework to foster innovation. Meanwhile, Senator Jon Ossoff has called for impeachment proceedings against President Donald Trump, accusing him of selling private access through the promotion of his "Official Trump" meme coin. Legal experts warn that Trump’s direct financial involvement in crypto, combined with executive actions impacting the sector, presents serious ethical conflicts. With the 2026 midterms looming, both crypto regulation and presidential conduct are set to dominate the political landscape.

• SEC Commissioner Hester Peirce criticized the chaotic crypto regulatory environment, urging for clear, structured rules to support U.S. financial innovation and competitiveness.

• Senator Jon Ossoff called for President Trump’s impeachment, alleging unethical conduct by offering private access through holdings of his "Official Trump" meme coin, raising major conflict-of-interest concerns.

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