Author: CryptoExpert
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Circle Internet Group faces class action over failure to stop Drift Protocol exploit funds
[ad_1] Circle is accused of failing to freeze exploit-linked transfers. Approximately $230 million in stolen funds was routed through Circle’s USDC. Drift plans $147.5 million recovery backed by future revenue. Circle Internet Group, the issuer of the USDC stablecoin, is facing a class action lawsuit over its alleged failure to stop the movement of stolen…
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What is Asteroid Shiba Crypto? Elon Musk SpaceX New Mascot?
[ad_1] Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the…
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Drift Protocol secures nearly $150M in recovery funding from Tether and partners as it drops USDC for USDT
[ad_1] Tether will inject up to $127.5 million into Drift Protocol as part of a recovery plan totaling nearly $150 million following the platform’s recent exploit that led to about $285 million in user losses, the company announced Thursday. Tether CEO Paolo Ardoino hinted at the bailout earlier today. Today will be a good day…
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5 top cloud migration software for Infrastructure as Code (IaC)
[ad_1] Cloud migration becomes much harder when teams are not moving workloads, but also trying to make every environment reproducible and deployment-ready through Infrastructure as Code. The challenge is not limited to copying applications from one platform to another. It includes validating architecture decisions, controlling drift, enforcing policies, coordinating approvals, and making sure deployment logic…
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Circle Hit With Class Action Suit Over $280M Drift Hack
[ad_1] Circle Internet Group is facing a class action lawsuit led by a Drift Protocol investor claiming it failed to freeze funds stolen in a $280 million exploit of the protocol on April 1. The lawsuit was filed by Drift investor Joshua McCollum on behalf of over 100 members in a US district court in…
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Bitcoin Eyes $90K As Whales Devour 20x Daily BTC Supply In Just 30 Days
[ad_1] Bitcoin (BTC) appears on track to hit $90,000 in the coming weeks as whales accumulated about 20 times the cryptocurrency’s daily new supply in the past weeks. Key takeaways: Whales bought roughly 270,000 BTC in the past 30 days. BTC broke out of its symmetrical pattern setup with a measured target at around $92,220.…
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Zonda CEO Discloses Bitcoin Wallet Amid Withdrawal Concerns
[ad_1] Crypto exchange Zonda said a cold wallet holding around 4,500 Bitcoin is currently inaccessible as the platform faces concerns over delayed withdrawals. Zonda CEO Przemysław Kral posted a video statement on Thursday disclosing the exchange’s wallet address, saying the private keys to the wallet were never handed over. In the statement, Kral denied accusations…
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(CAKE) tops $1.60, bullish sentiment grows amid rising Open Interest
[ad_1] Key takeaways PancakeSwap is holding above the key support level at $1.55, hinting at an upside move ahead. Rising open interest alongside positive funding rates signals increasing participation. PancakeSwap (CAKE) is trading in the green above $1.60 on Thursday after finding support around this key level the previous day. Positive derivatives data, along with…