THREAD: coinbase nightmare 20 million hack
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News Timeline
CRYPTOCURRENCY PANIC: Shocking Exchange Freeze Triggers Global Fear
— CryptoNet, one of the biggest cryptocurrency exchanges, has suddenly stopped all withdrawals. Thousands of users can’t get to their money. The company blames “technical failures” and “massive withdrawals,” but some experts think the real problem could be hacking or even insolvency.
The news sent panic through the crypto world. Bitcoin dropped more than 15% in just a few hours. Other coins like Ethereum and Ripple also took big hits as investors rushed to sell.
Regulators from the US, Europe, and Asia are now paying close attention. Some have already suggested that they might investigate CryptoNet’s business practices and look for ways to tighten rules on digital currencies.
This crisis is making people question if cryptocurrencies are really safe as more folks use them every day. Investors fear that if trust keeps dropping, problems could spread into regular banks and markets too.
CRYPTOCURRENCY SHOCK: Investor Arrested in Horrific SoHo Torture Case
— A New York crypto investor, John Woeltz, was arrested after police say he kidnapped and tortured an Italian tourist in a SoHo brownstone. Officers claim Woeltz and his group tricked the victim into coming from Italy with fake business promises. Once here, they held him for weeks to steal his crypto accounts.
The crime happened on Prince Street in Manhattan’s trendy SoHo area. Police charged Woeltz with assault, kidnapping, unlawful imprisonment, and having a gun without permission.
This disturbing case is raising alarm about rising crime linked to cryptocurrency deals in New York City.
Law enforcement warns that the dark side of digital currency is growing fast — and it’s getting harder for officials to keep up.
WALL STREET Panic: Bank Collapse Ignites Fresh Fears Over Crypto Chaos
— First National Financial, a big Wall Street bank, filed for bankruptcy this morning. The move came after the bank lost huge sums when cryptocurrency prices crashed. Stocks across the financial sector dropped fast as word got out.
The Federal Reserve tried to calm nerves, but investors are still worried. Experts say First National’s risky bets on digital coins could cause more trouble in the markets. Hedge funds and banks connected to First National are now being watched closely.
Regulators have started looking into how First National managed its risks. Lawmakers in Congress are demanding tighter rules for banks dealing with crypto. Some say this is the most shocking bank failure since 2008.
Market watchers believe this disaster shows why relying on unstable cryptocurrencies is dangerous for our economy. The collapse has rattled Wall Street and raised new questions about real risks hiding in today’s financial system.
COINBASE NIGHTMARE: $20 Million Hack Exposes Shocking Insider Betrayal
— Coinbase has admitted to a major data breach after cybercriminals bribed customer support workers. These insiders helped hackers steal user information and trick people into sending money. The criminals demanded a $20 million ransom, but Coinbase refused to give in.
This attack highlights the real danger of insider threats in tech companies trusted with Americans’ hard-earned money. Conservatives have warned for years about weak oversight and the risks it brings, especially when it comes to new digital currencies.
Elsewhere in the market, Cisco shares rose 2% after strong earnings. Dick’s Sporting Goods announced plans to buy Foot Locker for $2.4 billion, causing Foot Locker shares to jump 85%. Nvidia slipped 1.2%, soybeans fell on RVO rumors, while gold prices bounced back as inflation fears eased.
The Coinbase hack is today’s most important financial story because it puts user safety and trust at risk in the growing crypto world. Investors should stay alert as regulators talk about stricter rules for these digital exchanges.
TRUMP-Linked Firm’s BOLD Crypto Move Shakes Wall Street
— World Liberty Financial (WLF), linked to Donald TRUMP, has announced a strategic reserve of digital assets. The firm is moving over $307 million to Coinbase Prime. Initially thought to be a sell-off, WLF clarified these are routine treasury operations.
The project aims to tokenize real-world assets, providing secure infrastructure for institutional investors. At the Ondo Summit, WLF highlighted blockchain’s potential to modernize outdated financial systems. This move has attracted major partners like Franklin Templeton and Google Cloud, showing strong interest in blockchain’s role in traditional finance.
Market analysts suggest WLF’s crypto involvement could sway investor sentiment and influence regulatory developments. If successful, it might prompt other institutions to explore similar strategies, potentially transforming the financial landscape.
Financial markets are watching closely amid concerns about Trump’s tariff policies and their impact on inflation and interest rates. The outcome of this initiative could have far-reaching effects on both Wall Street and global finance sectors.
$40K EGG HEIST Exposes Shocking Security Flaws
— A daring $40,000 egg heist has left the business world in shock. The CEO of the affected company spoke to the media, explaining how thieves stole a large batch of premium eggs. These eggs were likely targeted for their high market value, showing weaknesses in supply chains.
The CEO stressed the urgent need for better security to prevent such thefts. He voiced worries about rising crime rates affecting businesses, especially in agriculture. This event highlights larger safety issues within the industry.
The business community reacted with sympathy and outrage, demanding stronger protections for local businesses against crime. Support efforts are underway to help the impacted company during this tough period.
This theft is a stark reminder of risks even established businesses face today, urging a reevaluation of security practices across all sectors.
— News Access Issues: Journalist Unable to Retrieve Business s A reporter has encountered difficulties accessing the news timeline file, limiting their ability to search for specific business-related queries or breaking news updates
— Nasdaq Soars 1% as Wall Street Overcomes Russia-Ukraine Concerns The tech-heavy index rallied, buoyed by a significant surge in Nvidia shares despite ongoing geopolitical tensions
— Chinese Hackers Target Trump and Vance’s Cellphones Cybersecurity experts report that Chinese hackers have infiltrated mobile devices used by Republican presidential nominee Donald Trump and his running mate, JD Vance
— CrowdStrike CEO Addresses Windows User Issues Post Update on Social Media Platform X George Kurtz, CEO of CrowdStrike, acknowledges and pledges to resolve issues faced by Windows users due to a recent update on platform X
— Biden’s Re-election Campaign Faces Mounting Challenges as Troubles Escalate
Video
LIBERTY UNIVERSITY Hit with Staggering $14M Fine: Campus Crime Cover-Up Exposed
— Liberty University, a Christian institution, has been slapped with an unprecedented $14 million fine by the U.S. Department of Education. The school failed to disclose crucial information about crimes on its campus, particularly concerning its handling of sexual assault survivors.
This penalty is the heaviest ever imposed under the Clery Act — a law that mandates federally funded colleges to collect and disseminate data on campus crime. Liberty University, often touted as one of the country’s safest campuses, is home to over 15,000 students in Lynchburg, Virginia.
Between 2016 and 2023, Liberty’s police department operated with only one officer investigating crimes and minimal oversight. The Department of Education uncovered numerous instances where crimes were either misclassified or underreported. This was particularly prevalent for sexual offenses such as rape and fondling.
In one shocking case spotlighted by investigators, a woman reported being raped but her case was dismissed by Liberty’s investigator based on her alleged “consent”. However, her statement revealed she had “given in” out of fear from the perpetrator.
Social Chatter
What the World is SayingThere was (still is) a massive cyberattack against 𝕏. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved....
. . .There was (still is) a massive cyberattack against 𝕏. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved....
. . .There was (still is) a massive cyberattack against 𝕏. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved....
. . .There was (still is) a massive cyberattack against 𝕏. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved....
. . .There was (still is) a massive cyberattack against 𝕏. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved....
. . .