Crypto

Crypto ATM Giant Discloses $3.7 Million Bitcoin Theft Following Cyberattack

Published

2 months ago

April 9, 2026

Press Room

Crypto ATM Giant Discloses .7 Million Bitcoin Theft Following Cyberattack

Key Takeaways:

Bitcoin Depot lost 50.903 BTC, worth $3.665 million, after a March 23 cyberattack on corporate systems.
Management deemed the event material on April 6 due to potential regulatory and reputational costs.
Bitcoin Depot is now working with external experts to harden IT security and seek insurance recovery.

Details of the Security Breach

Bitcoin Depot, one of the world’s largest bitcoin ATM operators, revealed Wednesday, April 8, that it was the victim of a targeted cyberattack in late March that resulted in the unauthorized transfer of more than 50 bitcoin from corporate accounts. According to a Form 8-K filed with the Securities and Exchange Commission, the breach was first discovered March 23, 2026.

An unauthorized party infiltrated the company’s internal information technology systems, eventually gaining control of credentials for digital asset settlement accounts. The intruder siphoned 50.903 bitcoin from company-controlled wallets. At the time of the incident, the stolen assets were valued at approximately $3.665 million.

Despite the loss, Bitcoin Depot emphasized that the breach appears to have been localized to its corporate environment. The company stated that customer platforms remained unaffected and maintained that user data and environments were not breached.

“The Company has not identified evidence that customer personally identifiable information was accessed or exfiltrated in connection with the incident; however, the investigation remains ongoing,” the company stated in the filing.

Upon detecting the intrusion, the ATM operator activated emergency response protocols, engaged third-party cybersecurity specialists and notified law enforcement. The company is currently working to harden its infrastructure to prevent future breaches.

While the company initially stated the incident had not “materially impacted” daily operations, management now considers the event material due to the potential for “reputational harm, legal, regulatory, and response costs.” The company added that while it holds insurance policies for cybersecurity incidents, there is no guarantee the coverage will fully reimburse the $3.665 million loss.

The company said it does not believe the theft will have a long-term impact on its overall financial condition or its network of bitcoin ATMs across North America.

Crypto

Binance Research: April DeFi Exploits Triggered $13 Billion in Outflows

Published

5 hours ago

June 16, 2026

Press Room

Binance Research: April DeFi Exploits Triggered Billion in Outflows

Key Takeaways

A $13 Billion Wipeout in Days

Binance Research reported that April’s decentralized finance ( DeFi) exploits triggered around $13 billion in outflows, draining total value locked (TVL) across lending markets and decentralized exchanges. The flight pushed the onchain leverage ratio to about 38%, a reading the firm said marks a return to 2021 levels all while showcasing a massive decline in investor confidence.

Image source: X

The outflows can largely be traced back to a cluster of attacks, the largest of which struck liquid- staking protocol KelpDAO. Bitcoin.com News reported that KelpDAO had slammed Layerzero after a roughly $300 million exploit, later shifting its rsETH token to Chainlink’s cross-chain protocol, CCIP, in response.

The breach also rattled the wider ecosystem with lending protocol Aave battling a withdrawal crisis as depositors rushed for the exits. Confidence cracked further when Aave suffered a 44% monthly drop in value locked and outflows spread to neighboring protocols.

The attack’s mechanics unearthed a growing cross-chain threat with Layerzero, most recently, disclosing a remote procedure call (RPC) poisoning incident linked to the $292 million KelpDAO hack, in which attackers corrupted the data feeding the bridge’s verification network.

A Record Month for Hacks

April stood out even in a sector accustomed to breaches as industry trackers counted more than 20 separate exploits during the month, making it one of the most-hacked stretches on record. Aave alone saw billions in deposits exit within 48 hours, and several protocols paused certain operations as trust eroded.

Even then, the sector has shown resilience, with several protocols migrating cross-chain messaging to alternative providers and tightening verification. Binance Research and other analysts have argued that DeFi is evolving, citing the speed at which liquidity has historically returned as confidence has stabilized.

The 38% leverage reading is the figure to watch next, given that a return toward 2021 levels could mean the system has deleveraged sharply (potentially reducing the risk of forced liquidations and signaling diminished risk appetite). In any case, whether deposits rebuild from here will determine if April marked a temporary shock or a longer reset for onchain finance.

Crypto

New ‘Pig Butchering’ Scam Targets Bergen County Residents, Prosecutors Say

Published

16 hours ago

June 15, 2026

Press Room

New ‘Pig Butchering’ Scam Targets Bergen County Residents, Prosecutors Say

He said the Financial Crimes Unit is hard at work tracking the fraudsters, shutting down their websites, and hoping to bring them to justice.

There are various types of “pig butchering” scams, according to the federal government. They slowly play on the investor’s emotions and hopes.

“It is a type of confidence and investment fraud in which the victim is gradually lured into making increasing monetary contributions, generally in the form of cryptocurrency,” says the Office of Inspector General’s website, “to a seemingly sound investment before the scammer disappears with the contributed monies.”

If you are a victim of a scam, Becker said, contact your local police department. More information about that is here.

RELATED: Grandma Conned Into Mailing $10K Cash To Teaneck In ‘Grandparent Scam’

Crypto

Bitcoin Tops $66K as US-Iran Deal Triggers Risk-on Rally Across Markets

Published

1 day ago

June 15, 2026

Press Room

Bitcoin Tops K as US-Iran Deal Triggers Risk-on Rally Across Markets

Key Takeaways

Bitcoin Spikes to $66,600

Bitcoin traded over $66,600 as of Monday morning at 9 a.m. Eastern time, up approximately 3.5% over recent sessions and more than 11% off early-June lows near $59,375. Ethereum climbed to $1,774, gaining roughly 6.5% in the same stretch. XRP added 8.7% and solana ( SOL) rose 7.4%, while the total crypto market capitalization held above $2.35 trillion.

The rally tracked closely with broad risk-on sentiment fueled by weekend geopolitical developments and the continued afterglow of SpaceX’s blockbuster Nasdaq debut.

U.S.-Iran Framework: What’s Known

President Donald Trump announced Sunday via Truth Social that “The Deal with the Islamic Republic of Iran is now complete,” citing an immediate, toll-free reopening of the Strait of Hormuz and the removal of the U.S. naval blockade on Iranian ports.

U.S. and Iranian officials, along with Pakistani mediators, confirmed they have reached an agreed text for a preliminary memorandum of understanding. The framework extends a ceasefire for 60 days, opens the Strait immediately, and defers nuclear program details to follow-on talks. A formal signing is targeted for Friday, June 19, in Switzerland.

The deal remains tentative. The full text has not been publicly released, Iranian hardliners have expressed opposition, and Israel has indicated it will not be bound by terms involving Lebanon. Former U.S. officials cautioned Monday that the agreement buys time for “long and tedious” nuclear negotiations rather than resolving core disputes.

Oil Drops, Equities Jump

WTI crude fell to the $81 to $85 per barrel range, down 3% to 5% on de-escalation expectations, as the Strait of Hormuz accounts for a significant share of global oil and gas trade. Brent held in the $84 to $87 range.

Nasdaq-100 futures pointed to a gain of more than 2% at the open, with S&P 500 futures up approximately 1.3% and Dow Jones futures adding roughly 1%. The S&P 500 hit an all-time high of 7,620.90 earlier in June 2026 and has shown consistent recovery since February, volatility tied to the initial Middle East conflict.

SpaceX shares gained approximately 6% in pre-market trading on Monday, extending a strong debut after pricing at $135 on June 11 and closing its first Nasdaq session at roughly $161, a 19% gain that pushed its market cap above $2.1 trillion.

Gold Holds Elevated Ground

Gold traded at $4,347 bid and $4,349 ask as of 9 a.m., up 3.05% on the session and touching a daily high of $4,350.40. Silver gained 4.62% to $71.04 bid, while platinum added 4.72% and palladium climbed 5.21%.

Precious metals held elevated levels despite the risk-on shift, supported by ongoing central bank buying and persistent monetary uncertainty even as oil prices retreated.

FOMC Looms Wednesday

The Federal Open Market Committee (FOMC) meets June 16 to 17, with a rate decision expected on Wednesday. Markets are pricing in a hold at the current target range. The meeting will include a Summary of Economic Projections, an updated dot plot, and a press conference with the new Chair, Kevin Warsh, that will set the tone for policy guidance through the summer.

Sticky inflation, with recent CPI readings around 4.2% year-over-year in some estimates, remains the primary constraint on any dovish shift. The tone from new Fed Chair Kevin Warsh will be closely watched.

What Traders Are Watching

The next 48 to 72 hours carry significant weight. Markets will monitor:

Official signing details from Switzerland on June 19
Iran Supreme Leader and hardliner responses to the MoU
Israel’s military and diplomatic posture regarding Lebanon
Early Hormuz implementation steps and oil price follow-through
Wednesday’s FOMC statement and dot plot

Crypto remains tied to macro risk appetite. A hawkish Fed surprise on Wednesday could pressure the current rally, while confirmation of the Iran deal’s initial implementation steps would likely extend it.