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Circle Faces Class-Action Lawsuit Over Alleged Failure to Freeze 0M Stolen USDC in Drift Protocol Exploit

Circle Faces Class-Action Lawsuit Over Alleged Failure to Freeze $230M Stolen USDC in Drift Protocol Exploit

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Lawsuit filed: Class action initiated on April 14, 2026, by Drift investor Joshua McCollum on behalf of over 100 affected users in U.S. District Court for Massachusetts. Exploit details: On April 1, 2026, attackers drained an estimated $280–285 million from the Solana-based DEX Drift Protocol through trading, lending, and vault deposits. USDC movement: Approximately $230 million in stolen USDC was transferred from Solana to...

Cryptocurrencies, Front page, Hacks, News, Stablecoins

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Bitcoin Scholars Fund Launches to Redirect M Federal Taxes to K-12 Bitcoin Education

Bitcoin Scholars Fund Launches to Redirect $21M Federal Taxes to K-12 Bitcoin Education

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Fund launch: Bitcoin Scholars Fund, a Texas-registered 501(c)(3) Scholarship Granting Organization, launched on April 15, 2026. Funding target: Redirect up to $21 million in federal tax dollars into bitcoin and financial literacy education for K-12 students by 2027. Tax credit mechanism: Donors receive a 100% federal tax credit on contributions up to $1,700 per individual ($3,400 for couples) under the One Big Beautiful Bill...

Bitcoin, Crypto adoption, Cryptocurrencies, Front page, News

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Ethereum Foundation Launches M Audit Subsidy Program to Cut Smart Contract Security Costs

Ethereum Foundation Launches $1M Audit Subsidy Program to Cut Smart Contract Security Costs

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Program launch: Ethereum Foundation announced the $1 million Audit Subsidy Program on April 14, 2026, to address high costs of smart contract security audits. Subsidy details: Pool covers up to 30% of audit fees for selected Ethereum mainnet projects, with funds applied directly through Areta’s platform. Audit access: Connects builders to more than 20 leading firms including Nethermind and Chainlink Labs via an expert committee...

Cryptocurrencies, Ethereum, Front page, News

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BlackRock’s IBIT Bitcoin ETF Crosses Billion AUM Milestone

BlackRock’s IBIT Bitcoin ETF Crosses $50 Billion AUM Milestone

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Current AUM: BlackRock’s IBIT holds $55.5 billion in assets under management per the latest available data. Market leadership: IBIT remains the largest U.S. spot Bitcoin ETF, significantly ahead of competitors including Fidelity’s FBTC. Weekly inflows context: U.S. spot Bitcoin and Ether ETFs recorded nearly $973 million in combined net inflows over the past week. Bitcoin price: BTC traded around $74,342, supporting broader ETF...

Bitcoin, Cryptocurrencies, ETF, Front page, News

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WLFI Threatens Lawsuit Against Justin Sun as Token Blacklist Dispute Turns Public

WLFI Threatens Lawsuit Against Justin Sun as Token Blacklist Dispute Turns Public

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Public escalation: WLFI issued a “see you in court” threat against Justin Sun on April 12, 2026, following his allegations of a hidden backdoor blacklist in the WLFI token contract. Freeze details: Sun’s wallet holding 595 million WLFI tokens was frozen in September 2025 after a $9 million transfer; the position has since fallen from over $100 million to approximately $43.45 million. Decentralization critique: Sun denounced the...

Altcoins, Cryptocurrencies, Front page, News

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