An attacker exploited BonkDAO's governance mechanism to drain 4.426 trillion BONK tokens from its treasury. The exploit allowed the attacker to pass a malicious proposal and withdraw the funds.
Of the stolen tokens, 800 billion BONK have already been sold for approximately $2 million. The attacker still holds an estimated 2.4 trillion BONK, leaving significant sell pressure potential on the market. BONK is the memecoin associated with the Solana ecosystem.
🏦 SBI Holdings Acquires Majority Stake in Singapore's Coinhako
Japanese financial group SBI Holdings has acquired a controlling stake in Singapore-based crypto exchange Coinhako, with the deal receiving final approval from the Monetary Authority of Singapore (MAS). The transaction was executed through SBI's subsidiary, SBI Ventures Asset.
The acquisition gives SBI Holdings exposure to Coinhako's user base and, notably, a substantial Shiba Inu holding — reportedly 1.1 trillion SHIB — inherited through the exchange's assets. The move is part of SBI's broader push into digital assets, stablecoins, and tokenized markets across Asia, complementing existing deals tied to Solana and Ondo Finance.
SBI Holdings is one of Japan's largest financial conglomerates and has been among the most active traditional finance players expanding into crypto infrastructure across the Asia-Pacific region.
Senator Elizabeth Warren has called on Donald Trump to disclose his 2026 crypto earnings ahead of an expected Senate vote on a crypto bill within days.
Warren's request follows Trump's financial disclosure reporting $1.4 billion in crypto-related income in 2025. She is seeking information on earnings between January and July 2026, ahead of a 2027 official reporting deadline. Warren cited potential conflicts of interest as the CLARITY Act moves toward a Senate vote.
Iranian drone and missile strikes on Kuwait's power and water infrastructure have rattled crypto markets, sending Bitcoin below $73,000 and triggering over $700 million in liquidation cascades.
The escalation in Gulf tensions coincided with US sanctions freezing $130 million in Iranian crypto assets. Nearly $1 billion in total crypto positions were liquidated as traders responded to the geopolitical shock.
The incident marks one of the sharper macro-driven selloffs in recent months, underscoring how rapidly geopolitical events can translate into crypto market volatility.
🔐 UK gang jailed for £4M crypto impersonation scam
A UK criminal gang has been sentenced after stealing over £4 million ($5.4M) in cryptocurrency from eight victims by posing as police officers.
The group used convincing fake police websites to deceive targets into handing over their crypto holdings. The fraud involved direct impersonation of law enforcement, a tactic designed to pressure victims into compliance under the guise of official investigations.
The case highlights the growing use of authority impersonation in crypto-related fraud, where fake government and law enforcement identities are deployed to bypass victims' skepticism.
🟠 Project Eleven proposes post-quantum wallet recovery for Bitcoin
Project Eleven has outlined a proposal for a post-quantum cryptographic proof system that would allow Bitcoin users to verify wallet ownership in the event of a quantum computing attack — commonly referred to as "Q-Day."
The mechanism is designed to let users prove control of their wallets without exposing the private key data that a sufficiently powerful quantum computer could otherwise compromise. The proposal addresses a long-standing concern in the Bitcoin community: how to recover or protect funds if elliptic curve cryptography is broken by quantum hardware.
No timeline or formal Bitcoin Improvement Proposal process was announced alongside the proposal.