Author: WebDesk
Kelp DAO Hacker Just Moved $175 Million In Ethereum And Started Laundering It – Here Is What We Know
This is a developing story. Figures may have changed since publication.One of DeFi’s largest exploits in recent memory has taken a sharp new turn after the Kelp DAO hacker began moving around $175 million in Ethereum and appears to have started laundering the stolen funds. The attacker’s on‑chain reaction came almost immediately after Arbitrum’s Security Council froze roughly $71 million of the stolen ETH, underscoring how quickly the hacker is trying to obscure the trail.How the Kelp DAO exploit unfoldedThe incident began on April 19–20, 2026, when an unknown attacker exploited a vulnerability in Kelp DAO’s rsETH bridge, which runs…
Google’s recent report on quantum computers had many in the cryptocurrency realm worried. The report stated that a future quantum computer could potentially crack Bitcoin’s (BTC) private keys within minutes, a move that would render the asset and industry useless. However, teams across various crypto projects have begun working on post-quantum security measures. Ripple’s XRP is also working towards quantum computer security measures, which may be ready by 2028. Let’s discuss what may happen.XRP To Be Secure From Quantum Computers By 2028Source: Bitcoin NewsAccording to a report by Ripple, the company is preparing a multi-phased strategy for quantum security on…
Alvin Lang Apr 22, 2026 06:51 Umbra disables its front-end to hinder hackers from laundering $280M stolen in the Kelp DAO exploit. Privacy protocols face scrutiny. Privacy-focused protocol Umbra has temporarily disabled its front-end website in an effort to thwart the movement of funds stolen in the $280 million Kelp DAO exploit. The move, announced on April 21, comes as attackers reportedly funneled $800,000 through Umbra’s protocol to aid in the laundering of stolen assets. Umbra, a stealth address protocol designed for privacy-preserving payments, stated the front-end shutdown is intended to support ongoing…
FTX liquidators sold the Alameda Research stake in Cursor’s developer, Anysphere, for just $200,000 during the bankruptcy process, missing out on massive upside. Alameda originally backed Anysphere with $200,000 for roughly 5% of the company. Today, SpaceX has secured an option to acquire Cursor for $60 billion later this year or pay $10 billion for their partnership, as it pushes into AI coding tools ahead of a potential IPO. That same stake could now be worth billions based on Cursor’s soaring valuation.Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…
The way people trade crypto has shifted significantly over the past few years. Decentralized exchanges are no longer just a workaround for those looking to avoid centralized platforms. They have become a legitimate and growing part of how the market moves, attracting everyone from retail traders to institutions.This shift is playing out across blockchains, trading pairs, and derivatives markets alike. This article explores the key decentralized exchanges statistics shaping 2025 and 2026, covering market size, trading volume, platform rankings, blockchain activity, and the trends driving it all forward.DEX Market Size & GrowthDecentralized exchange (DEX) recorded $4,492.0 million in revenue in…
Revolutions leave behind artifacts. In the summer of 2011, a painter named Alex Schaefer set up an easel on a sidewalk in Van Nuys, California, and began painting the Chase Bank branch across the street. In his mind, the building was on fire — flames pouring from the windows, black smoke rising over the palm trees, the Chase logo still legible through the heat. He worked en plein air, the way the Impressionists had worked the Seine and the hay fields, except the subject was a branch of the largest bank in America three years after it had been bailed…
Terrill Dicki Apr 22, 2026 02:48 Admiral Samuel Paparo sees Bitcoin as a strategic tool for U.S. cybersecurity and national power, emphasizing its proof-of-work advantages. A top U.S. military official has highlighted Bitcoin (BTC) as a critical tool for national security, with applications extending far beyond its monetary use. Speaking at a Senate Armed Services Committee hearing on April 21, Admiral Samuel Paparo, the commander of the U.S. Indo-Pacific Command, described Bitcoin’s proof-of-work technology as pivotal to strengthening cybersecurity and projecting American power globally. “It is a valuable computer science tool, as a…
Just recently, the Ethereum network reached a historic milestone in the first quarter of 2026 by processing 200.4 million base-layer transactions. The number marks Ethereum’s Q1 as the busiest quarter in the protocol’s history and the first time transaction volume has ever crossed the 200 million threshold, which also caps a multi-year U-shaped recovery, more than doubling the activity levels seen during the 2023 lows when quarterly transactions bottomed near 90 million.However, a significant gap remains between this thriving on-chain activity and the market value of the asset. Despite the record-breaking network usage, ETH price continues to struggle around the…
Key Takeaways: Binance Research said stablecoins processed $33T, exceeding Visa in raw transfer volume. Fireblocks data shows banks accelerating stablecoin use across FX, custody, and payments. Richard Teng said stablecoins cut costs and delays in cross-border payments. Binance Research Shows Stablecoins Surpass Visa in Raw Volume Stablecoins are strengthening their role in global payments as transaction activity moves closer to mainstream financial network scale. Binance Research, the market analysis unit of crypto exchange Binance, said April 21 that stablecoins processed about $33 trillion in 2025, compared with roughly $14 trillion in Visa payments volume, highlighting how blockchain-based settlement is gaining…
