News linked to both this project and an event.
According to Decrypt, an anonymous cryptocurrency whale filed a lawsuit against Coinbase this week in the U.S. District Court for the Northern District of California, accusing the exchange of refusing to return over $55 million worth of DAI stablecoins stolen in a phishing attack in 2024. The plaintiff claims to have engaged multiple on-chain investigation firms to trace the funds, ultimately identifying that the stolen assets flowed into a Coinbase account. Coinbase confirmed in December 2024 that it had frozen the relevant assets but refused to return them, citing the need for a court order. As of today—more than a year and a half after the incident—the victim has still not recovered the assets and has therefore turned to litigation. The attack was carried out by hackers using the “Inferno Drainer” tool to spoof the DeFi Saver login page; after the victim inadvertently interacted with the fake page, their wallet was fully compromised by the attackers.
According to Bloomberg, sources familiar with the matter said that cryptocurrency venture capital firm Pantera Capital Management is urging London-listed Satsuma Technology Plc to sell its remaining approximately $50 million worth of Bitcoin and return the proceeds to shareholders. Satsuma has confirmed that certain shareholders have requested the return of funds and that the company is evaluating related proposals. According to other sources familiar with the matter, these shareholders have also demanded a change in management; currently, Satsuma’s CEO Henry Elder and CFO Andrew Smith have resigned. Earlier this month, the company announced plans to cut costs and disclosed its purchase of Bitcoin valued at £1.4 million.
Odaily News Tom Lee stated in an interview with CNBC today that retail investors will become the primary fuel for the next wave of stock market gains. He believes that many retail investors missed the rebound during the previous war-related sell-off. Now, as panic subsides, they will re-enter the market, providing significant buying power and driving the stock market higher. Therefore, with the trend of retail capital flowing back and sustained corporate earnings growth, investors may experience "one of the best periods of their lives" in the next 18-24 months.