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	<title>ETH - Coinfea</title>
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	<title>ETH - Coinfea</title>
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		<title>Ethlabs Launches Ethereum Research Lab Backed by Lubin and ETH Treasury Firms</title>
		<link>https://coinfea.com/ethlabs-launches-ethereum-research-lab-backed-by-lubin-and-eth-treasury-firms/</link>
		
		<dc:creator><![CDATA[John Palmer]]></dc:creator>
		<pubDate>Tue, 23 Jun 2026 07:53:54 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[Ethereum]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=22385</guid>

					<description><![CDATA[<p>Ethlabs launched after five former Ethereum Foundation researchers formed an independent nonprofit R&#38;D firm backed by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies, SharpLink, and other ecosystem supporters. The organization said through PR Newswire on June 22 that it focuses on infrastructure for institutional use. Its work will cover settlement speed, cross-chain infrastructure, mainnet capacity, [&#8230;]</p>
<p>The post <a href="https://coinfea.com/ethlabs-launches-ethereum-research-lab-backed-by-lubin-and-eth-treasury-firms/">Ethlabs Launches Ethereum Research Lab Backed by Lubin and ETH Treasury Firms</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Ethlabs launched after five former Ethereum Foundation researchers formed an independent nonprofit R&amp;D firm backed by Ethereum co-founder Joe Lubin, Bitmine Immersion Technologies, SharpLink, and other ecosystem supporters.</strong></p>



<p>The organization said through <a href="https://www.prnewswire.com/news-releases/ethlabs-founded-by-former-ethereum-foundation-contributors-and-funded-by-bitmine-sharplink-and-joe-lubin-launches-to-accelerate-ethereums-institutional-supercycle-302806705.html">PR Newswire</a> on June 22 that it focuses on infrastructure for institutional use. Its work will cover settlement speed, cross-chain infrastructure, mainnet capacity, native asset issuance, and ETH economics.</p>



<p>Funding includes Anchorage, Octant, SNZ, and more than 50 community partners, Decrypt reported. Ethlabs did not disclose the amount raised. Its backers show institutional interest in Ethereum research, as Bitmine has disclosed <a href="https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-42-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-6-billion-302786720.html">more than 5.4 million</a> ETH, and SharpLink remains a major ETH treasury firm.</p>



<h2 class="wp-block-heading">Former Foundation Researchers Lead Ethlabs</h2>



<p>Ethlabs was founded by Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma. They worked on Ethereum finality, scaling, data availability, the Ethereum Virtual Machine, and protocol economics.</p>



<p>Dietrichs, the executive director, said Ethereum is “uniquely positioned to become the shared base layer” of the emerging on-chain economy. He also described it as “the neutral foundation the broader on-chain ecosystem is built on.”</p>



<p>“As longtime contributors to the core protocol, we are establishing an independent non-profit organization to advance Ethereum’s core technology and the shared standards and infrastructure builders depend on,” Dietrichs said.</p>



<p>The launch follows Foundation leadership changes. Hsiao-Wei Wang, a co-executive director, <a href="https://www.theblock.co/post/405271/ethereum-foundation-co-exec-director-board-member-hsiao-wei-wang-steps-down">stepped down on June 18</a> after a sabbatical. Tomasz Stańczak resigned earlier in 2026.</p>



<h2 class="wp-block-heading">Institutional Ethereum Needs a Shape Research Agenda</h2>



<p>Ethlabs said its early work will address technical areas tied to institutional adoption. Faster settlement, higher capacity, stronger interoperability, and clearer ETH monetary properties are central.</p>



<p>Those priorities reflect current <a href="https://coinfea.com/ethereum-funding-rate-flattens-as-traders-cut-leverage/">Ethereum </a>use across stablecoins, tokenized real-world assets, on-chain portfolios, and AI-driven commercial transactions. Each area depends on reliable infrastructure and better coordination across networks.</p>



<p>Tom Lee, chairman of Bitmine, said the ecosystem needs to “dramatically expand its investment in talent and research” as institutional and AI-driven activity grows. SharpLink CEO Joseph Chalom called the launch “the beginning of an institutional supercycle on Ethereum.”</p>



<h2 class="wp-block-heading">Independent Funding Tests Ethereum Governance</h2>



<p>Ethlabs said its funding model is designed to protect research independence. An external grants administrator will screen, evaluate, and allocate capital. Funders will receive quarterly reporting and an annual independent audit, but they will not control the research agenda.</p>



<p>That structure matters because some backers hold major ETH exposure. Ethlabs said final technical decisions will remain with its leadership.</p>



<p>Lubin, who also co-founded Consensys, described Ethlabs as part of Ethereum’s <a href="https://coinfea.com/ethereum-exchange-supply-hits-record-low-as-treasuries-drain-eth/">move </a>toward a broader set of steward nodes that can help evolve and protect the network.</p>



<p>The launch widens Ethereum’s research map beyond one central foundation. It also shows how open-source blockchain development is spreading across independent organizations with separate missions, funding sources, and technical mandates.</p><p>The post <a href="https://coinfea.com/ethlabs-launches-ethereum-research-lab-backed-by-lubin-and-eth-treasury-firms/">Ethlabs Launches Ethereum Research Lab Backed by Lubin and ETH Treasury Firms</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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		<item>
		<title>Thetanuts Finance suffers a $2.1 million exploit</title>
		<link>https://coinfea.com/thetanuts-finance-suffers-a-2-1-million-exploit/</link>
		
		<dc:creator><![CDATA[Owotunse Adebayo]]></dc:creator>
		<pubDate>Tue, 16 Jun 2026 17:17:00 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[DeFi]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[Thetanuts]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=22271</guid>

					<description><![CDATA[<p>Thetanuts Finance, the DeFi options protocol, has confirmed it suffered an exploit that drained $2.1 million from a legacy vault associated with it. According to Thetanuts, the compromised contract had been deprecated years ago. Blockchain security firm PeckShieldAlert, which flagged the incident before Thetanuts confirmed the exploit, reported that it seemed $2 million in option [&#8230;]</p>
<p>The post <a href="https://coinfea.com/thetanuts-finance-suffers-a-2-1-million-exploit/">Thetanuts Finance suffers a $2.1 million exploit</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Thetanuts Finance, the DeFi options protocol, has confirmed it suffered an exploit that drained $2.1 million from a legacy vault associated with it. According to Thetanuts, the compromised contract had been deprecated years ago.</strong></p>



<p>Blockchain security firm PeckShieldAlert, which flagged the <a href="http://www.cryptopolitan.com/hack-deprecated-thetanuts-vault/" title="incident">incident</a> before Thetanuts confirmed the exploit, reported that it seemed $2 million in option tokens appeared to have been recovered through whitehat efforts. The remaining funds, about $105,000 in USDC, were swapped by the exploiter for approximately 60 ETH, according to PeckShieldAlert’s on-chain analysis. The attacker also holds $34,000 in USDC-denominated option tokens.</p>



<h2 class="wp-block-heading">Thetanuts claimed the vault was deprecated</h2>



<p>A vulnerability in the vault’s redemption logic is the root of the exploit, according to security researcher ExVul, who published a breakdown on X. Thetanuts Finance responded within hours, writing on X, “Our preliminary investigation indicates that this is once again, a deprecated vault that we have migrated from years ago.” The protocol stated, “It has no relation to any of our current contracts or products,” while adding that it would publish a full post-mortem once it gathers more details.</p>



<p>Blockaid’s exploit detection system also picked up the attack independently, issuing a community alert flagging active exploitation of the Thetanuts contract on Ethereum. The security platform also shared the exploiter’s address and the exploited contract’s address as well. The Thetanuts incident adds to a growing list of deprecated protocols that have been attacked recently. The most recent, apart from Thetanuts, is Aztec Connect, a privacy bridge abandoned since 2023.</p>



<p>The protocol lost $2.1 million through a separate verification flaw in its immutable smart contracts, as Cryptopolitan reported. In that case, the team had renounced all admin keys, leaving no one able to patch or pause the code. So far in the month of June, the total value hacked in terms of <a href="https://coinfea.com/wp-content/uploads/2026/02/Grayscale-Launches-Aave-Trust-for-DeFi-Investment-Opportunities.png" title="Grayscale-Launches-Aave-Trust-for-DeFi-Investment-Opportunities">DeFi</a> exploits has crossed $46 million, and it is only midway into the month.</p>



<p>At this pace, it may rival or exceed May, which saw its own fair share of protocol breaches. Thetanuts has tried to assure its users of its current contracts that they are not at risk; however, the latest events have made it clear to users that abandoned code is not safe code, and so are the funds tied to them.</p><p>The post <a href="https://coinfea.com/thetanuts-finance-suffers-a-2-1-million-exploit/">Thetanuts Finance suffers a $2.1 million exploit</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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		<title>Raydium promises to cover losses after $1.3M theft from legacy pools</title>
		<link>https://coinfea.com/raydium-promises-to-cover-losses-after-1-3m-theft-from-legacy-pools/</link>
		
		<dc:creator><![CDATA[Owotunse Adebayo]]></dc:creator>
		<pubDate>Thu, 11 Jun 2026 10:42:13 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[DEX]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[Raydium]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=22188</guid>

					<description><![CDATA[<p>Raydium has confirmed that a hacker has exploited a vulnerability in its legacy AMM V3 program, draining about $1.34 million from five liquidity pools that had been deprecated since 2021. The Raydium team confirmed it was aware of the unauthorized liquidity removal and committed to covering losses. The attack targeted code that the Solana-based decentralized [&#8230;]</p>
<p>The post <a href="https://coinfea.com/raydium-promises-to-cover-losses-after-1-3m-theft-from-legacy-pools/">Raydium promises to cover losses after $1.3M theft from legacy pools</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Raydium has confirmed that a hacker has exploited a vulnerability in its legacy AMM V3 program, draining about $1.34 million from five liquidity pools that had been deprecated since 2021. The Raydium team confirmed it was aware of the unauthorized liquidity removal and committed to covering losses.</strong></p>



<p>The attack <a href="http://www.cryptopolitan.com/raydium-hacker-drains-1-3m-from-legacy-pools/" title="targeted">targeted</a> code that the Solana-based decentralized exchange phased out five years ago. According to Infra, a Raydium team member, no current users were affected because the pools had been inaccessible through the platform’s interface for years. Infra also stated that “full compensation will be handled by Raydium’s treasury.” According to Infra, “the vulnerability was caused by a self-contained logic flaw, not a key compromise or authority-level issue, so there is no propagation risk.”</p>



<h2 class="wp-block-heading">Raydium suffers a $1.34 million loss to hackers</h2>



<p>Security researcher Param stated on X that the attacker found a flaw in Raydium’s 2021-era code. The attacker identified five abandoned liquidity pools still holding funds and generated fraudulent ownership receipts. Those fake LP tokens tricked the legacy smart contract into treating the attacker as a legitimate liquidity provider, allowing a full withdrawal of pool assets. Blockchain security firm F12 corroborated the submissions, tracing the attack on-chain.</p>



<p>The exploit relied on a fabricated LP token with a supply of just one unit. When the attacker submitted a withdrawal using that token, the old program released the entire pool balance. PeckShieldAlert reported that the attacker’s wallet was initially funded through KuCoin. After draining the pools on Solana, they bridged the stolen funds to Ethereum via deBridge, yielding roughly 810 <a href="https://coinfea.com/ethereum-exchange-supply-hits-record-low-as-treasuries-drain-eth/" title="Ethereum exchange supply hits record low as treasuries drain ETH">ETH</a>. The attacker then deposited the bulk of that haul into Tornado Cash, the mixing protocol frequently used to obscure transaction origins.</p>



<p>After that, the attacker then moved 7 ETH through FixedFloat, according to PeckShieldAlert’s analysis. According to the Raydium team, the exploiter’s address is 4WnPebowR4HHfumvNPaDjG6Pa5Hi1jxLm6xmmBq33QVk. Raydium’s current programs are still active, per Infra. The protocol holds $796.56 million in total value locked on Solana and has processed over $1.1 billion in DEX volume in the past seven days, according to DefiLlama data.</p>



<p>The AMM V3 program that was exploited is separate from the pools currently in use. However, this is not the first time Raydium has suffered from a security breach. In December 2022, the protocol lost $4.4 million after a private key compromise. The latest breach adds to what has become a near-daily check-in for crypto exploits in 2026. Cryptopolitan has previously reported that CertiK logged 60 confirmed security incidents in May alone, totaling $68.3 million in gross losses, the highest monthly incident count of the year. Code vulnerabilities accounted for over $45 million of those losses.</p>



<p>A few days before the Raydium exploit, attacks on Gnosis Pay and TesseraDAO cost projects at least $2.5 million, and the Flooring Protocol vulnerability spread to its fork, Asterisk, through shared code. As of the end of May, the cumulative losses as a result of crypto exploits in 2026 approached $1.3 billion. Bridge-related attacks alone account for $340.7 million of that figure, PeckShield has reported. The Raydium team stated that its core contributors are conducting a security review on all their mainnet programs.</p><p>The post <a href="https://coinfea.com/raydium-promises-to-cover-losses-after-1-3m-theft-from-legacy-pools/">Raydium promises to cover losses after $1.3M theft from legacy pools</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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		<title>SBI Shinsei Bank to reward Japanese users with BTC, ETH, and XRP vouchers</title>
		<link>https://coinfea.com/sbi-shinsei-bank-to-reward-japanese-users-with-btc-eth-and-xrp-vouchers/</link>
		
		<dc:creator><![CDATA[Owotunse Adebayo]]></dc:creator>
		<pubDate>Tue, 09 Jun 2026 21:02:00 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[BTC]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[SBI Shinsei]]></category>
		<category><![CDATA[XRP]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=22154</guid>

					<description><![CDATA[<p>SBI Shinsei Bank has announced a new program where its users will be awarded vouchers redeemable for cryptocurrency after they complete deposits. The move turns one of Japan’s largest banks into a possible crypto on-ramp for millions of customers, saving money with the bank starting June 10. The program, first reported by Nikkei, offers vouchers [&#8230;]</p>
<p>The post <a href="https://coinfea.com/sbi-shinsei-bank-to-reward-japanese-users-with-btc-eth-and-xrp-vouchers/">SBI Shinsei Bank to reward Japanese users with BTC, ETH, and XRP vouchers</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>SBI Shinsei Bank has announced a new program where its users will be awarded vouchers redeemable for cryptocurrency after they complete deposits. The move turns one of Japan’s largest banks into a possible crypto on-ramp for millions of customers, saving money with the bank starting June 10.</strong></p>



<p>The program, first <a href="http://www.cryptopolitan.com/sbi-shinsei-bank-reward-deposits-with-crypto/" title="reported">reported</a> by Nikkei, offers vouchers worth 20% of the interest earned on specific eligible accounts. Customers can then redeem those vouchers for Bitcoin (BTC), Ether (ETH), or Ripple (XRP) through SBI VC Trade, the group’s licensed cryptocurrency exchange. According to the program’s details from SBI Shinsei, customers will keep their principal in yen in the bank and continue to collect standard interest on these savings. In addition, the bank will issue a voucher pegged to one-fifth of the interest payment.</p>



<h2 class="wp-block-heading">SBI Shinsei Bank offers rewards to Japanese users</h2>



<p>According to Yahoo Finance, the assets will be converted at the market price of the particular cryptocurrency being disbursed on the day interest is paid. The crypto exposure is small in actual terms, as SBI Shinsei’s top-tier Hyper Deposit rate sits around 0.42% annually. This means the voucher represents a fraction of a fraction, but the point of the program is primarily access rather than yield. However, participation requires a linked account at SBI VC Trade.</p>



<p>The bank plans to run an initial three-month pilot covering both ordinary and time deposits. Presently, a total of almost 4.33 million deposit accounts are eligible and could qualify for the program, with SBI Shinsei intending to make the service permanent if demand is justified. This program seems to be part of a wider strategy directed toward digital assets across SBI Holdings. The firm’s cryptocurrency exchange, SBI VC Trade, launched a retail USDC lending product in March.</p>



<p>The product is structured as a fixed-term loan to the exchange rather than a traditional bank deposit. In May, SBI also said it was exploring buying some shares in trading platform Bitbank, one month after SBI VC Trade acquired rival exchange Bitpoint Japan. SBI Holdings, a longstanding investor in Ripple through their joint venture SBI Ripple Asia, also has a history of distributing <a href="https://coinfea.com/cardano-founder-praises-xrp-ledger-consensus-design/" title="Cardano Founder Praises XRP Ledger Consensus Design">XRP</a> as shareholder dividends and promotional bonuses, according to Ledger Insights.</p>



<p>In March, the group issued a digital bond aimed at retail investors that paid XRP tokens as a bonus through SBI VC Trade accounts. The group’s securities arm, SBI Securities, is also preparing crypto-focused investment trusts and ETFs tied to BTC and ETH. A subsidiary of SBI Shinsei Bank, Aplus, began issuing Visa cards in May that accumulate cryptocurrency rewards. SBI has also operated in the crypto mining business through SBI Crypto since 2017 and acquired institutional market maker B2C2 in 2020, offering the company infrastructure across trading and liquidity.</p>



<p>Japan regulates crypto under its Payment Services Act, with the Financial Services Agency licensing exchanges directly. This structure allows a bank to connect a directly affiliated exchange to its own deposits without breaching any banking laws. This framework is markedly different from the United States’ current setup, with the GENIUS Act, signed into law in July 2025, stopping stablecoin issuers from paying yield to their holders.</p><p>The post <a href="https://coinfea.com/sbi-shinsei-bank-to-reward-japanese-users-with-btc-eth-and-xrp-vouchers/">SBI Shinsei Bank to reward Japanese users with BTC, ETH, and XRP vouchers</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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		<title>Ethereum Founder-Linked Wallet Moves $121.6M in ETH After Three Years of Inactivity</title>
		<link>https://coinfea.com/ethereum-founder-linked-wallet-moves-121-6m-in-eth-after-three-years-of-inactivity/</link>
		
		<dc:creator><![CDATA[John Palmer]]></dc:creator>
		<pubDate>Sat, 06 Jun 2026 12:33:34 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[Ethereum]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=22090</guid>

					<description><![CDATA[<p>Ethereum co-founder Joseph Lubin has moved 80,001 ETH worth approximately $121.6 million from a wallet that had remained inactive for more than three years.&#160; The transfer has attracted attention across the cryptocurrency market because of its size and timing, as Ether continues to face significant price pressure.&#160; Despite the large movement, there is no indication [&#8230;]</p>
<p>The post <a href="https://coinfea.com/ethereum-founder-linked-wallet-moves-121-6m-in-eth-after-three-years-of-inactivity/">Ethereum Founder-Linked Wallet Moves $121.6M in ETH After Three Years of Inactivity</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Ethereum co-founder Joseph Lubin has moved 80,001 ETH worth approximately $121.6 million from a wallet that had remained inactive for more than three years.&nbsp;</strong></p>



<p>The transfer has attracted attention across the cryptocurrency market because of its size and timing, as Ether continues to face significant price pressure.&nbsp;</p>



<p>Despite the large movement, there is no indication that the funds were sent to an exchange or prepared for sale.</p>



<p>Blockchain tracking platform <a href="https://x.com/lookonchain/status/2063119262999556366">Lookonchain </a>reported that the wallet transferred the funds on June 6. After the transaction, the address still held 243,300 ETH valued at roughly $370 million.&nbsp;</p>



<p>The remaining balance represents about 75% of the wallet’s original holdings, suggesting the move was not a complete exit from <a href="https://coinfea.com/ethereum-funding-rate-flattens-as-traders-cut-leverage/">Ethereum </a>exposure.</p>



<p>The destination wallet has not been publicly linked to any exchange or trading platform. As a result, market participants remain uncertain about the purpose of the transfer and whether it signals any future selling activity.</p>



<h2 class="wp-block-heading">Large ETH Transfer Raises Market Questions</h2>



<p>The movement comes during a period of heightened volatility for Ether. The cryptocurrency has fallen nearly 24% over the past seven days and was trading at around $1,539 at the time of reporting. Trading activity increased sharply, with 24-hour volume rising 35% to approximately $35.3 billion.</p>



<p>Ether remains about 68% below its all-time high and has declined 47% since the start of the year. Some technical analysts have pointed to a bearish pennant pattern that could place additional downside pressure on the asset if key support levels fail.</p>



<p>A transaction of this size could potentially increase concerns about future selling pressure. However, blockchain transfers alone do not confirm an intent to sell. Since the receiving address remains unidentified, analysts caution against concluding the transfer’s purpose.</p>



<h2 class="wp-block-heading">Dormant Wallet Activity Continues Across the Ethereum Network</h2>



<p>The Lubin-linked transaction follows several notable reactivations of dormant Ethereum wallets in recent months. In January, a wallet that had remained inactive for nine years transferred 50,000 ETH, worth approximately $145 million, to the Gemini exchange while retaining another 85,000 ETH.</p>



<p>Other dormant wallets have shown different behavior. Some inactive addresses inactive for one to four years have accumulated nearly 18,000 ETH during the recent market weakness.&nbsp;</p>



<p>In another case, a wallet dormant for three years acquired 10,000 ETH before selling the holdings for about $17.7 million in USDC.</p>



<p>These examples demonstrate that wallet inactivity alone does not provide a reliable signal of future market direction or selling intentions.</p>



<h2 class="wp-block-heading">Lubin Provides No Public Explanation</h2>



<p>Lubin has not publicly commented on the transfer. One day before the transaction, he <a href="https://x.com/ethereumJoseph/status/2063013940859203841">posted on X</a> about the STRATO token sale and described it as a strong start, without mentioning the ETH movement.</p>



<p>As CEO of Consensys and a co-founder of Ethereum, Lubin remains one of the industry&#8217;s most influential figures.&nbsp;</p>



<p>The transfer arrives as Ether-backed investment products continue expanding across the United States, Canada, and Europe, making major ETH movements increasingly relevant to institutional and retail investors alike.</p><p>The post <a href="https://coinfea.com/ethereum-founder-linked-wallet-moves-121-6m-in-eth-after-three-years-of-inactivity/">Ethereum Founder-Linked Wallet Moves $121.6M in ETH After Three Years of Inactivity</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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		<title>Russia approves purchase of only Bitcoin, Ethereum and USDT</title>
		<link>https://coinfea.com/russia-approves-purchase-of-only-bitcoin-ethereum-and-usdt/</link>
		
		<dc:creator><![CDATA[Owotunse Adebayo]]></dc:creator>
		<pubDate>Fri, 05 Jun 2026 17:27:00 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[BNB]]></category>
		<category><![CDATA[BTC]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Tron]]></category>
		<category><![CDATA[USDT]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=22083</guid>

					<description><![CDATA[<p>Russia has announced that ordinary citizens will be permitted to purchase just three cryptocurrencies. These assets include Bitcoin, Ethereum, and USDT, and will take effect once they become legal in their country. Confirming the shortlist of approved coins, the monetary authority in Moscow also made it clear it’s against adding more. The Russian government has [&#8230;]</p>
<p>The post <a href="https://coinfea.com/russia-approves-purchase-of-only-bitcoin-ethereum-and-usdt/">Russia approves purchase of only Bitcoin, Ethereum and USDT</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Russia has announced that ordinary citizens will be permitted to purchase just three cryptocurrencies. These assets include Bitcoin, Ethereum, and USDT, and will take effect once they become legal in their country. Confirming the shortlist of approved coins, the monetary authority in Moscow also made it clear it’s against adding more.</strong></p>



<p>The Russian government has previously <a href="http://www.cryptopolitan.com/russians-allowed-bitcoin-ethereum-tether/" title="announced">announced</a> plans to limit the cryptocurrencies available to its citizens to only the three most liquid digital assets. Non-professional investors will be allowed to trade BTC, ETH, and Tether’s dollar-pegged stablecoin USDT. </p>



<p>The exact list of pre-approved coins, first hinted at a month ago, was confirmed by a top executive of the Central Bank of Russia (CBR). The financial authority does not plan to expand it for the time being or increase applicable investment limits, its deputy governor told RBC Radio. Vladimir Chistyukhin referred to the time after the implementation of Russia’s upcoming law “On Digital Currency and Digital Rights.”</p>



<h2 class="wp-block-heading">Russia approves digital assets for trading</h2>



<p>The legislation, which passed its first parliamentary hurdle in April, must be adopted and come into force by July 1, 2026. In an interview, the First Deputy Chairman noted that ahead of the bill’s second reading, the CBR had indicated it could add more coins, but elaborated: “However, if we consider the initial period after the law enters into force, we do not intend to expand the scope beyond the three currencies … Bitcoin, Ethereum, and USDT.”</p>



<p>Chistyukhin also stressed that the Bank of Russia continues to see cryptocurrency as a volatile instrument that carries various risks, including that of funds being blocked, as in the case with Tether. According to the draft crypto law, only the cryptocurrencies that meet a set of strict criteria will be admitted to the regulated Russian market for non-qualified investors. These include having a market cap exceeding $60 billion, an average daily trading volume over 1 trillion rubles for the same period, and a trading history of at least five years before admission.</p>



<p>This will result in a pretty short list, which may include only leading cryptocurrencies such as Bitcoin, Ethereum, Solana (SOL), <a href="https://coinfea.com/bnb-smart-chain-set-for-hard-fork/" title="BNB Smart Chain set for hard fork">BNB</a>, and TRON, among a few others, Russian media commented earlier. Also quoted by the leading Russian crypto news outlet Bits.media, Chistyukhin pointed out that a future expansion will cover primarily domestic non-dollar stablecoins, so that they are “not discriminated against foreign ones.”</p>



<p>He remarked this would make sense only if more of them emerge, noting: “We have one company that has already issued a token for international settlements and is using it. We’ll see how this develops. Perhaps we’ll expand it. But not right away.” While the banker did not name it explicitly, a ruble-pegged stablecoin called A7A5, created by the Russian payments platform A7 and currently issued by the Kyrgyzstan-based entity Old Vector, has become the largest non-dollar stablecoin over the past year.</p>



<p>Russia recognized it as a digital financial asset that can be used in foreign trade to bypass financial restrictions imposed over the war in Ukraine. Speaking to RBC, Vladimir Chistyukhin also stated he sees no need to increase the previously announced crypto investment limit for Russian citizens, as it will mitigate potential losses. Non-qualified investors will be able to acquire no more than 300,000 rubles’ worth of digital assets annually, or around $4,000.</p><p>The post <a href="https://coinfea.com/russia-approves-purchase-of-only-bitcoin-ethereum-and-usdt/">Russia approves purchase of only Bitcoin, Ethereum and USDT</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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		<title>Crypto whale makes huge $31.5M bet on Microsoft and Oracle</title>
		<link>https://coinfea.com/crypto-whale-makes-huge-31-5m-bet-on-microsoft-and-oracle/</link>
		
		<dc:creator><![CDATA[Owotunse Adebayo]]></dc:creator>
		<pubDate>Sat, 30 May 2026 11:55:34 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[BTC]]></category>
		<category><![CDATA[Crypto Whale]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Oracle]]></category>
		<category><![CDATA[zcash]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=21920</guid>

					<description><![CDATA[<p>A trending crypto whale, Evaded, has made some strange moves that have left the market watchers surprised. In fresh moves, it liquidated his short positions in Bitcoin and Ethereum and went straight long on Microsoft and Oracle. It is going bullish on these stocks with $31.5 million long bets. The crypto whale has been a [&#8230;]</p>
<p>The post <a href="https://coinfea.com/crypto-whale-makes-huge-31-5m-bet-on-microsoft-and-oracle/">Crypto whale makes huge $31.5M bet on Microsoft and Oracle</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>A trending crypto whale, Evaded, has made some strange moves that have left the market watchers surprised. In fresh moves, it liquidated his short positions in Bitcoin and Ethereum and went straight long on Microsoft and Oracle. It is going bullish on these stocks with $31.5 million long bets.</strong></p>



<p>The crypto whale has been a major metric for on-chain analysts and its competing whales. This <a href="http://www.cryptopolitan.com/crypto-whale-31-5m-bet-on-microsoft-oracle/" title="move">move</a> comes in when BTC and ETH have been posting back-to-back losses. Bitcoin price has dropped by around 4% in the last 30 days, while Ether price dipped by more than 11%. Onchainlens in a post reported that Evaded closed its BTC and ETH short positions. However, it made a profit of $1.77 million. After just hours of bagging profits, the whale made some new moves. It went on to buy 41,400 long shares of MSFT and 56,600 long shares of ORCL at a 10x leverage ratio.</p>



<h2 class="wp-block-heading">Crypto whale makes long bets on Microsoft and Oracle</h2>



<p>Microsoft share price has surged by more than 10% over the last month. MSTR traded at $450.24 in the last trading session. Oracle share price has spiked by almost 40% in the same period. It traded at $225.78 in the last trading session. The successful trade marked a particularly rough period for the trader. Lookonchain data shows that the crypto whale had continuously switched between taking bullish and bearish stances on Bitcoin as its volatility rose through May.</p>



<p>On May 20, Lookonchain reported that the whale wallet had earned approximately $2.1 million in just two days after opening 10x leveraged long positions in Zcash (ZEC) and HYPE token. At that time, the wallet held 36,875 ZEC worth about $21.6 million and 287,618 HYPE valued at roughly $13.9 million. Later on May 22, its ZEC and HYPE bets bagged it more than $7.5 million in unrealized gains in less than four days. It then opened another 25x leveraged long position on 18,100 ETH (approx worth $38.6 million).</p>



<p>Its bullish stance was short-lived as the crypto whale closed all of his HYPE, ZEC, and ETH long positions on May 23. It still made a profit of $4.6 million and reversed the position. Evaded opened a 990 <a href="https://coinfea.com/kelpdao-hackers-spark-market-rally-with-btc-purchase/" title="KelpDAO hackers spark market rally with BTC purchase">BTC</a> short position worth nearly $74.8 million. The new bearish bet was initially successful, generating about $783,000 in unrealized profit. Later on, the trader exited the Bitcoin short at a loss of roughly $320,000 and once again flipped bullish. May 24 saw the crypto whale focus on ZEC and added 53,500 ZEC long position (approx worth $34 million).</p>



<p>The trade immediately moved against him, leaving the position down about $763,000. On May 26, the crypto whale reopened a 40x leveraged Bitcoin short (approx worth $40.3 million) and was also holding a large ZEC long. By then, the ZEC position was showing an unrealized loss of around $1.87 million. Then came May 27, when Evaded closed both the ZEC long and Bitcoin short positions.</p>



<p>This hit him with a loss of more than $4.8 million. The losses erased all of the trader’s earlier gains and left him down roughly $3.67 million overall during the period. Despite the setback, Evaded immediately increased his leverage to 30x and opened another large Bitcoin short position consisting of 940 BTC valued at about $71.4 million, with a liquidation price near $78,421.</p><p>The post <a href="https://coinfea.com/crypto-whale-makes-huge-31-5m-bet-on-microsoft-and-oracle/">Crypto whale makes huge $31.5M bet on Microsoft and Oracle</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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		<title>Belarus approves cryptocurrencies as underlying assets</title>
		<link>https://coinfea.com/belarus-approves-cryptocurrencies-as-underlying-assets/</link>
		
		<dc:creator><![CDATA[Owotunse Adebayo]]></dc:creator>
		<pubDate>Tue, 26 May 2026 17:29:00 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[Belarus]]></category>
		<category><![CDATA[BNB]]></category>
		<category><![CDATA[Crypto]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[XRP]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=21865</guid>

					<description><![CDATA[<p>Belarus has announced the addition of cryptocurrencies like Bitcoin to a list of approved underlying assets for non-deliverable instruments. The decision is expected to increase their integration into the country’s traditional financial system and create new investment opportunities. According to reports, the country included cryptocurrencies among the underlying assets for transactions involving non-deliverable over-the-counter (OTC) [&#8230;]</p>
<p>The post <a href="https://coinfea.com/belarus-approves-cryptocurrencies-as-underlying-assets/">Belarus approves cryptocurrencies as underlying assets</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>Belarus has announced the addition of cryptocurrencies like Bitcoin to a list of approved underlying assets for non-deliverable instruments. The decision is expected to increase their integration into the country’s traditional financial system and create new investment opportunities.</strong></p>



<p>According to reports, the country <a href="http://www.cryptopolitan.com/belarus-recognizes-cryptocurrencies/" title="included">included</a> cryptocurrencies among the underlying assets for transactions involving non-deliverable over-the-counter (OTC) financial instruments. It was done through a resolution issued by the Council of Ministers and the National Bank of the Republic of Belarus (NBRB), local media unveiled. The joint resolution, dated May 23 and published by the Pravo.by portal on Tuesday, enters into force on Wednesday, May 27.</p>



<h2 class="wp-block-heading">Cryptocurrencies approved to serve as underlying assets in Belarus</h2>



<p>According to the document quoted by the business news outlets Office Life and Myfin.by, the updated list now includes the following assets:</p>



<ul class="wp-block-list">
<li>Futures contracts and options;</li>



<li>Interest rates on the international capital market;</li>



<li>Stock index values;</li>



<li>Digital tokens, including cryptocurrencies.</li>
</ul>



<p>The non-deliverable OTC instruments are usually direct contracts between market players, without the participation of an exchange, that do not involve the actual delivery of the underlying assets. Instead, these products pay investors the change in the value of the asset they are based on over the predetermined period of the transaction. Positions are closed when these contracts expire, and the parties settle the difference in cash, the publications explained.</p>



<p>Reports that Belarus may recognize cryptocurrencies as underlying assets for them came out earlier this year. The move is expected to create more opportunities for crypto investment in Belarus, which is trying to integrate digital coins into its finances. In the past few years, Belarus has been taking a series of steps to expand the circulation of decentralized digital money in its economy. It became the first nation in the post-Soviet space to legalize crypto-related activities such as mining and trading almost a decade ago.</p>



<p>The country did that with a decree signed by President Alexander Lukashenko in 2017, which entered into effect in the spring of the following year. Entities registered as residents of the Hi-Tech Park (HTP) in Minsk, a hub for software and fintech business, were permitted to work with coins. In January 2026, another decree issued by the longtime Belarusian leader regulated the establishment of so-called “cryptobanks.”</p>



<p>The latter will be combining the features and functions of traditional banking institutions with those of cryptocurrency exchanges and service providers. To obtain a license, such entities must again be residents of the HTP and registered with the country’s monetary authority. In mid-May, the management of the IT cluster approved 26 cryptocurrencies that the new crypto banks will be allowed to operate with. The list includes the most popular and capitalized coins on the market, like Bitcoin (BTC) and <a href="https://coinfea.com/ethereum-transactions-hit-record-high-as-dusting-attacks-rise/" title="Ethereum Transactions Hit Record High as Dusting Attacks Rise">Ethereum</a> (ETH), Ripple’s XRP, and Binance’s BNB token.</p>



<p>Other jurisdictions in the region have been trying to catch up with Belarus, including Russia, where lawmakers are currently reviewing a comprehensive regulatory framework. The Russian law “On Digital Currency and Digital Rights,” which is designed to legalize crypto transactions, including investment and trading, must be adopted by the summer. Companies and individuals from the two allied countries have been actively using cryptocurrencies and stablecoins to circumvent international sanctions imposed over Moscow’s war on Ukraine.</p><p>The post <a href="https://coinfea.com/belarus-approves-cryptocurrencies-as-underlying-assets/">Belarus approves cryptocurrencies as underlying assets</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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		<title>Harvard reduces BTC ETF stake as it exits ETH ETF</title>
		<link>https://coinfea.com/harvard-reduces-btc-etf-stake-as-it-exits-eth-etf/</link>
		
		<dc:creator><![CDATA[Owotunse Adebayo]]></dc:creator>
		<pubDate>Mon, 18 May 2026 13:56:00 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[BTC]]></category>
		<category><![CDATA[ETF]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[Harvard]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=21733</guid>

					<description><![CDATA[<p>The Harvard University endowment fund has announced its decision to reduce its investment in crypto ETFs. The fund carried out a significant reduction in its holdings in the first quarter of 2026. According to reports, the fund fully exited from its Ether ETF position while also cutting its stake in BlackRock’s linked BTC ETF by [&#8230;]</p>
<p>The post <a href="https://coinfea.com/harvard-reduces-btc-etf-stake-as-it-exits-eth-etf/">Harvard reduces BTC ETF stake as it exits ETH ETF</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>The Harvard University endowment fund has announced its decision to reduce its investment in crypto ETFs. The fund carried out a significant reduction in its holdings in the first quarter of 2026. According to reports, the fund fully exited from its Ether ETF position while also cutting its stake in BlackRock’s linked BTC ETF by around 43%.</strong></p>



<p>In a fresh SEC 13F filing, Harvard Management Company lowered its holdings in iShares Bitcoin Trust (IBIT). The company gave up 3,044,612 shares (approx. worth $117 million) of its holding. The <a href="http://www.cryptopolitan.com/harvard-cuts-bitcoin-etf-stake-exits-ether/" title="development">development</a> comes after Harvard already slashed its position by 21% in Q4 of 2025. The global crypto market has seen a dip over the last week. Its cumulative cap hovers around $2.6 trillion. Bitcoin price has dropped by more than 3% in the past 7 days. Ether price slumped by almost 6% in the same period.</p>



<h2 class="wp-block-heading">Harvard cuts its BTC ETF stake, exits BlackRock&#8217;s ETH ETF</h2>



<p>According to data, Harvard completely exited its position in BlackRock’s Ether ETF. It eliminated exposure of about $86.8 million. This signals how some institutional investors are continuing to reassess their allocations in the market. The 13F filing only shows positions held on the final day of the quarter, but it does not reveal when trades actually occurred. This suggests that Harvard could have sold its position over several weeks or in a single transaction closer to quarter-end.</p>



<p>Spot Ether ETFs reportedly recorded more than $255 million in weekly net outflows. Ethereum has also continued to underperform Bitcoin on a relative basis. BTC price surged by more than 3% over the last 30 days. On the other hand, ETH price dipped by 7% in the same period. Bitcoin <a href="https://coinfea.com/morgan-stanley-btc-etf-expected-to-trigger-160b-inflows/" title="Morgan Stanley BTC ETF expected to trigger $160B inflows">ETF</a> saw a constant demand despite some outflow periods. IBIT remains the largest spot BTC ETF by assets under management. Last week saw $1 billion flowing out of the Bitcoin ETFs.</p>



<p>While Harvard was reducing positions, other major institutions moved in the opposite direction. Abu Dhabi sovereign wealth fund Mubadala Investment Company increased its IBIT holdings. The fund boosted its position to hit over 14,721,917 shares (approx worth around $566 million). It went up from about 12.7 million shares reported at the end of 2025. Harvard’s endowment manages nearly $57 billion in assets.</p>



<p>However, it has come under leadership transition discussions. N.P. Narvekar, the CEO of Harvard Management Company, has reportedly discussed plans to retire later in 2027. The next round of SEC filings is due in August. That will likely provide a clearer picture of whether the Q1 sell-off represented a temporary rebalance or there is something else going on.</p><p>The post <a href="https://coinfea.com/harvard-reduces-btc-etf-stake-as-it-exits-eth-etf/">Harvard reduces BTC ETF stake as it exits ETH ETF</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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		<title>TAC brands hack as a white hat incident after hackers return loot</title>
		<link>https://coinfea.com/tac-brands-hack-as-a-white-hat-incident-after-hackers-return-loot/</link>
		
		<dc:creator><![CDATA[Owotunse Adebayo]]></dc:creator>
		<pubDate>Thu, 14 May 2026 18:23:00 +0000</pubDate>
				<category><![CDATA[Cryptocurrency News]]></category>
		<category><![CDATA[ETH]]></category>
		<category><![CDATA[TAC]]></category>
		<category><![CDATA[Tron]]></category>
		<category><![CDATA[Web3]]></category>
		<guid isPermaLink="false">https://coinfea.com/?p=21665</guid>

					<description><![CDATA[<p>TAC, a cross-chain protocol that marketed itself as a bridge between TON and Ethereum, has now clarified that its $2.8 million exploit from May 12 is a white hat event, after the hacker apparently took the team’s offer to keep 10% of the “moved” funds in exchange for returning the rest to its multisig wallets. [&#8230;]</p>
<p>The post <a href="https://coinfea.com/tac-brands-hack-as-a-white-hat-incident-after-hackers-return-loot/">TAC brands hack as a white hat incident after hackers return loot</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></description>
										<content:encoded><![CDATA[<p><strong>TAC, a cross-chain protocol that marketed itself as a bridge between TON and Ethereum, has now clarified that its $2.8 million exploit from May 12 is a white hat event, after the hacker apparently took the team’s offer to keep 10% of the “moved” funds in exchange for returning the rest to its multisig wallets.</strong></p>



<p>According to TAC’s disclosures of the event, the exploit <a href="http://www.cryptopolitan.com/tac-white-hat-incident-hacker-refund/" title="targeted">targeted</a> the TON side of its cross-chain layer, draining funds across USDT, BLUM, and tsTON. TAC said the vulnerability was isolated to native TON Jettons bridged from the TON network, and that the TAC token itself, TON, and all ERC-20 tokens were unaffected. The TAC token has taken a beating since the exploit, with the price dropping more than 21% over the last week. Market cap is down to $79 million from over $91 million before the May 12 disclosure of the hack.</p>



<h2 class="wp-block-heading">TAC reclassifies hack incident as white hat incident</h2>



<p>TAC first disclosed that it had been hacked on May 12. The message from the team on X claimed that it had paused the bridge after receiving reports from security partners. The team quickly moved to allay fears by insisting that the issue was limited in scope, affecting only a subset of bridged assets rather than the protocol’s broader infrastructure. The TAC team gave an insight into how it would handle the coming days.</p>



<p>The TAC Protocol team said: “Our focus is on making users whole and fully restoring bridge liquidity through a legally structured sale of Foundation’s TAC token treasury reserves.” By May 14, TAC had positive news to share. The team said that after the exploiter took its offer to return funds to the designated multisig wallet on Ethereum and a corresponding address on TON, it came to the decision not to pursue litigation, a decision that it coordinated with its security partners and law enforcement.</p>



<p>With the refunds, the TAC Protocol hack quickly went from exploit to white hat incident, with a 10% bounty offered up as an incentive, which comes to about 13 ETH + 300ZEC. It is standard practice in Web3 to offer hackers a percentage of stolen funds in exchange for returning the majority of the loot. Transit Finance took a page from that book earlier this week after it lost $1.88 million from a deprecated <a href="https://coinfea.com/tron-dao-and-securitize-host-tron-whale-night-at-bitcoin-2026-with-metamask-dsa-and-b-ai/" title="TRON DAO and Securitize Host TRON Whale Night at Bitcoin 2026 with MetaMask, DSA, and B.AI">TRON</a> smart contract. The team sent a message to the hacker, offering a percentage of the stolen funds as a bug bounty.</p>



<p>TAC’s exploit adds to a pattern of bridge and cross-chain vulnerabilities in early May 2026. Transit Finance attributed its breach to a contract that had been deprecated since 2022 but still held exploitable code. Security firm GoPlus Security flagged two private key compromises on May 12 totaling $238,000, and blockchain security company Blockaid identified a $456,000 exploit on Aurellion Labs’ uninitialized Diamond proxy contract on Arbitrum, according to a Cryptopolitan report.</p>



<p>The losses follow a rough April. CertiK reported approximately $651 million lost to exploits across the sector that month, the highest since March 2022, when excluding the Bybit incident in February 2025. The KelpDAO bridge exploit ($293 million) and Drift Protocol hack ($285 million) accounted for most of April’s damage. TAC Protocol’s bridge remains paused. The team has not disclosed a timeline for resuming operations, but it said it will direct the remaining balance, minus the white hat bounty, to its multisig wallets.</p><p>The post <a href="https://coinfea.com/tac-brands-hack-as-a-white-hat-incident-after-hackers-return-loot/">TAC brands hack as a white hat incident after hackers return loot</a> first appeared on <a href="https://coinfea.com">Coinfea</a>.</p>]]></content:encoded>
					
		
		
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