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2025-05-07 12:05:28
Analysis: The cryptocurrency world seems to have become a cash machine for the Trump family
Odaily News Although the Trump administration's regulation of cryptocurrencies is more inclusive than the Biden administration's, analysts believe that the currency circle seems to have become a cash machine for the Trump family. The issuance process of memecoin is simple, and if market interest surges, its price can rise sharply from near zero, giving early buyers the opportunity to make huge profits. Cryptocurrency enthusiasts call accounts that take advantage of this feature to make large, early purchases "snipers." Under U.S. financial regulations, memecoins are not considered securities, which means that project sponsors are not subject to federal information disclosure and insider trading rules designed to protect retail investors. According to statistics, 24 potential "insider" accounts purchased 16.7 million of the 200 million $MELANIA tokens scheduled to be sold during the issuance period. As Trump announced that large holders would be eligible to attend the White House dinner, the price of $TRUMP coins soared, making the 800 million $TRUMP coins still held by project organizers nominally worth $9 billion. Foreign media previously tracked transactions involving $TRUMP, showing that its issuer made at least $350 million in profit, which included both token sales revenue and market making fees. Hayden Davis, a 28-year-old cryptocurrency entrepreneur from Texas, said he was involved in the issuance of $MELANIA. He also participated in the issuance of $LIBRA meme coin, which was briefly endorsed by Argentine President Milley in February, but later became a cryptocurrency scandal due to price surges and plunges. (Jinshi)
2025-02-26 08:04:02
Bybit launches the industry's first LazarusBounty.com platform, calling for joint efforts to combat crypto crime
<p>Odaily News Cryptocurrency exchange Bybit announced yesterday the launch of LazarusBounty.com, an industry-first bounty platform targeting the Lazarus Group, which aims to unite the industry to recover stolen funds on-chain for victims of this illegal hacker group. This move represents a four-pronged attack on crypto crime, adhering to the belief of information transparency, using technology to expose illegal activities, hold hackers accountable, and improve the protection of digital assets with speed and precision.<br/> The core belief of Bybit’s move is that comprehensive real-time transparency can empower the community and change the way cybercrime is fought. Bybit makes every action visible and every transaction traceable through 4 layers of defense, ensuring that the truth becomes the strongest weapon against hackers.<br/> 1. Comprehensive on-chain security data integration: LazarusBounty.com integrates top blockchain security databases such as Chainalysis, Arkham, and GoPlus into a real-time security wiki, providing investigators and the community with the critical insights needed to uncover and fight back against illegal transactions.<br/> 2. Rapidly launch an expert investigation team: When a large-scale security breach is reported, LazarusBounty.com can quickly mobilize blockchain&#39;s elite investigators to investigate, encouraging those who are committed to uncovering cybercrime to take action.<br/> 3. Decentralized Security Alliance Advisor: Bybit invites the chief security officers of major public chains to serve as advisors to build a strong decentralized network, jointly fight cybercrime, and strengthen the company&#39;s commitment to transparency and responsibility in the blockchain ecosystem.<br/> 4. Fair bounty reward system based on contribution: The platform’s Hack Leaderboard tracks contributions and distributes rewards based on the effectiveness of each input in recovering stolen funds, highlighting bounty hunters who actively dismantle criminal activities while exposing individuals and institutions that facilitate the flow of illegal funds.<br/></p>
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