LockBit ransomware Bitcoin addresses exposed

Nearly 60,000 Bitcoin addresses linked to LockBit’s ransomware operations have been exposed following a major breach of the group’s dark web affiliate panel.

The leak, which included a MySQL database dump, was shared publicly online and could assist blockchain analysts in tracing LockBit’s financial activity instead of leaving such transactions untracked.

Despite the scale of the breach, no private keys were leaked. A LockBit representative reportedly confirmed the incident in a message, stating that no sensitive access data was compromised.

However, the exposed database included 20 tables, such as one labelled ‘builds’ that contained details about ransomware created by affiliates and their targeted companies.

Another table, ‘chats,’ revealed over 4,400 messages from negotiations between victims and LockBit operators, offering a rare glimpse into the inner workings of ransomware extortion tactics.

Analysts believe the hack may be connected to a separate breach of the Everest ransomware site, as both featured identical messages, hinting at a possible link.

The incident has again underscored the central role of cryptocurrency in the ransomware economy. Each victim is typically given a unique address for payments, making tracking difficult.

Instead of remaining hidden, these addresses now give law enforcement and blockchain experts a chance to trace payments and potentially link them to previously unidentified actors.

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Xapo Bank introduces Bitcoin-backed loans for long-term holders

Xapo Bank’s CEO, Seamus Rocca, sees Bitcoin-backed loans as the next logical step as investor confidence grows. As Bitcoin’s price hovers between $95,000 and $97,000, more investors are choosing to borrow against their BTC instead of selling it.

Xapo Bank’s lending product, launched in March, allows clients to borrow up to $1 million using Bitcoin as collateral.

The demand for such loans is fuelled by a shift in market sentiment, with investors moving from short-term speculation to a longer-term outlook.

Rocca highlighted that institutional adoption, including Bitcoin ETFs, is contributing to this change in attitude. The bank offers flexible loan-to-value (LTV) ratios, allowing borrowers to access liquidity while keeping their BTC.

With conservative LTV levels, Bitcoin prices would need to drop significantly for borrowers to face liquidation, making this an appealing option for long-term holders.

The product helps investors manage emergency expenses without selling their Bitcoin. It’s enabling them to continue benefiting from potential price appreciation while maintaining liquidity.

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Bitcoin scholarships launched at Lomond School

Lomond School has introduced the Satoshi Scholarships, offering 42 scholarships for students passionate about economics and innovation. These cover the prestigious International Baccalaureate (IB) programme, including 21 two-year day and 21 two-year boarding scholarships.

The initiative is backed by economist Dr. Saifedean Ammous, who will help develop a new Austrian economics curriculum. The curriculum will focus on sound money, decentralised finance, and the ethics of financial liberty.

Dr. Ammous expressed his enthusiasm for the project, emphasising the importance of teaching future generations about sound economics. In addition, students will engage with Bitcoin mining hardware and gain practical knowledge of monetary systems.

Lomond School is now seeking 43 founding benefactors to support the scholarships and help shape the next generation of economic thinkers. Interested parties can learn more by contacting the school directly.

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USD1 stablecoin becomes seventh-largest in just two months

The USD1 stablecoin, backed by Donald Trump’s World Liberty Financial (WLFI), has quickly become the seventh-largest stablecoin.

Launched just two months ago, it has grown from a market cap of $128 million to over $2 billion. The surge was boosted by Eric Trump’s announcement that MGX would use USD1 for a $2 billion investment in Binance.

Most of USD1’s issuance is on Binance’s BNB Chain, accounting for over 99% of its supply. A smaller portion is on Ethereum.

In late April, the coin’s market cap spiked 1,540%, growing from $128 million to $2.1 billion. The rapid rise led centralised exchanges, including HTX, to list USD1, with zero-fee withdrawals on the BEP-20 network.

Reports suggest that around 90% of USD1 investors are from outside the US, particularly Europe, Asia, and Latin America.

The coin’s growth aligns with Trump’s pro-stablecoin agenda, outlined in his January executive order to strengthen US leadership in digital financial technologies.

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US banks allowed to manage crypto on customers’ behalf

US banks are now allowed to manage crypto assets on behalf of their customers. The US Office of the Comptroller of the Currency (OCC) confirmed that banks can buy, sell, and hold crypto in custody. They can also outsource certain services, such as custody and execution, to third parties.

Acting Comptroller Rodney Hood stated that financial institutions could also provide tax reporting, record-keeping, and sub-custody services. These services must comply with legal and risk management guidelines.

The decision marks a shift towards integrating crypto into traditional banking systems, with over 50 million Americans now holding digital assets.

Industry experts have welcomed the OCC’s move. Katherine Kirkpatrick Bos of StarkWare said it signals a shift in the OCC’s stance, while Coinbase’s Faryar Shirzad praised the regulatory clarity.

The change comes amid the Trump administration’s more crypto-friendly approach, which includes reversing previous restrictions on banks’ crypto activities.

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G7 to address North Korea’s role in major crypto hacks

Leaders of the Group of Seven (G7) nations are set to tackle North Korea’s ongoing cyber threats, particularly its involvement in large-scale cryptocurrency hacks.

The agenda will reportedly focus on the regime’s use of stolen crypto funds to finance weapons programmes. The issue has raised international concern over global security risks.

The summit, hosted by Canadian Prime Minister Mark Carney from 15 to 17 June in Alberta, is expected to address geopolitical challenges, including North Korea’s tightening alliance with Russia. Such ties have further complicated attribution of attacks and enforcement of sanctions, experts warn.

Investigations have linked North Korean hackers, notably the Lazarus Group, to major crypto heists. These include the $622 million Axie Infinity breach and February’s $1.4 billion Bybit attack. Analysts believe other cyber units are also active, making digital asset protection a growing priority.

The G7, comprising France, Germany, Italy, Japan, the UK, the US and Canada, aims to strengthen coordination against cybercrime. It also seeks to limit the regime’s ability to exploit the crypto ecosystem for hostile purposes.

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Bitcoin advisor to Trump launches new investment company

David Bailey, the CEO of BTC Inc. and a senior crypto adviser to Donald Trump, has raised $300 million to launch a publicly traded Bitcoin investment firm.

The venture, called Nakamoto, is named after Bitcoin’s mysterious creator and will focus on acquiring and holding the cryptocurrency.

The funding includes $200 million in equity and $100 million in convertible debt. Plans for a merger with an already-listed Nasdaq firm are in place.

An official announcement is expected next week, and the public listing is likely to follow this summer. Nakamoto also plans to use Bitcoin as capital to invest in businesses worldwide, including Brazil, Thailand, and South Africa.

The approach mirrors moves by other crypto investment giants such as Michael Saylor’s Strategy and Jack Mallers’ Twenty One. The firm positions itself as offering institutional credibility with the potential for strong growth, appealing to investors seeking direct exposure to Bitcoin through the stock market.

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WhatsApp scam sees fraudsters impersonate loved ones

Parents and friends are being targeted by fraudsters using WhatsApp and text messages to impersonate loved ones in urgent need. Criminals often claim the sender has lost their phone and cannot access their bank account, pressing recipients to transfer money swiftly.

The scams are growing more convincing, with AI voice impersonation now used to create fake voice notes. Scammers may pose as children, friends, or even parents, and typically request payments to unfamiliar accounts.

They discourage verification and apply pressure, asking for help with rent, phone replacements, or emergency bills. Santander reports that fraudsters impersonating sons are the most successful, followed by daughters and mothers.

Experts advise contacting the supposed sender directly and establishing a family password to confirm identities in future. Victims who transfer money should alert their bank immediately, report the scam through messaging apps or to Action Fraud.

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Tether adds Chainalysis tools to enhance crypto compliance

Tether has partnered with Chainalysis to integrate its compliance and monitoring tools into the Hadron by Tether platform. The collaboration will provide users with advanced risk detection and real-time transaction monitoring, helping institutions meet regulatory requirements.

The move is part of a wider trend of increased oversight in the crypto industry.

Hadron by Tether, launched in November 2024, enables institutions, governments, and corporations to tokenise real-world assets like financial instruments and real estate. The platform has seen a surge in adoption, with the real-world asset (RWA) market growing by 10.5% in the past month.

Tether’s CEO, Paolo Ardoino, highlighted that this integration would provide institutional-grade compliance without compromising decentralisation.

Chainalysis is known for its security tools and blockchain data platform. It will now support Hadron users with risk detection, real-time transaction monitoring, and Know-Your-Transaction (KYT) services.

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Investors turn to gold and Bitcoin during global instability

Gold and Bitcoin increased as investors waited for the Federal Reserve’s next move. At the same time, rising global tensions and trade worries kept markets on edge.

Spot gold rose 0.7% to $3,357 per ounce on Tuesday, driven by safe-haven demand. US gold futures added 1.3%, supported by fresh interest from Chinese investors. Central banks also continued moving away from the dollar, boosting gold’s appeal.

Bitcoin hovered near February highs, trading around $97,500. Markets remain sensitive to dovish signals that could lift Bitcoin closer to its previous peak near $100,000.

The Federal Reserve is expected to keep interest rates steady between 4.25% and 4.50%. Investors are closely watching for signs of whether persistent inflation and slowing consumer demand will delay potential rate cuts expected later this year.

Tensions flared after a Houthi missile landed near Tel Aviv, leading to Israeli strikes in Yemen. At the same time, Trump’s new tariff plans rattled trade nerves. Even so, Bitcoin stayed strong, fuelled by ETF demand and rate cut hopes.

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