North Korean actors linked to $280M Drift hack
Drift Protocol on Saturday detailed a six-month social engineering campaign that culminated in the April 1 theft of $280 million from its Solana exchange. Attackers posed as a quantitative trading firm, built relationships with Drift contributors at international conferences, and deposited over $1 million into the protocol as cover. With "medium-high confidence," Drift and security researchers assess the operation was run by the same North Korea-aligned group behind the October 2024 Radiant Capital hack. Read more →
Federal court backs Kalshi over New Jersey
A federal appeals court ruled 2-1 today that New Jersey cannot block Kalshi from offering sports-related event contracts in the state. The court found that federal law gives the CFTC exclusive jurisdiction over such trades, superseding state gambling rules. One judge dissented, arguing Kalshi's products are effectively sports gambling subject to state regulation. The ruling marks a major victory for prediction markets as the CFTC simultaneously sues three other states for attempting to shut down federally regulated platforms. Read more →
Milei Linked to Collapsed Crypto Project
An Argentine investigation found President Javier Milei made seven phone calls with a key figure behind the LIBRA token project on the night he posted support for it on X, according to The New York Times. LIBRA shot to a $4 billion market cap before collapsing over 90%, costing investors millions. Milei has denied wrongdoing and remains a person of interest in the ongoing federal probe. Read more →
The Tech Breakthrough Attracting Investors Like GM (From EnergyX)
📥️ Want to advertise in CoinSnacks? Learn More
DISCLOSURE: This is a paid advertisement for RAD Intel's Reg A+ offering and involves risk, including the possible loss of principal. Please read the offering circular and related risks at invest.radintel.ai.