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Smart Money's Timely Exit from Cryptocurrency Positions Saves Millions Amid Market Decline – NullTX

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Smart Money's Timely Exit from Cryptocurrency Positions Saves Millions Amid Market Decline – NullTX

As the cryptocurrency market experiences a significant downturn, one savvy investor’s decision to liquidate positions at the right moment stands out as a wise move. 

The recent 7.6% drop in the total market value of cryptocurrencies highlights the importance of strategic decision-making in navigating volatile market conditions.

The investor, referred to as “smart money,” had previously traded $PEPE and realized a profit of $3.49 million. 

However, recognizing the signs of an impending market correction, the investor opted to liquidate their position on April 10th, effectively avoiding a potential loss of $1.37 million. 

This timely decision underscores the importance of risk management and capital preservation in the cryptocurrency space.

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Notable Price Drop For Other Cryptocurrencies 

Following the liquidation, the token prices of various cryptocurrencies experienced notable declines compared to the liquidation prices of the smart money. $PEPE, for instance, witnessed a 14.7% decrease from its liquidation price, while $CAKE, $MANA, and $SAND recorded drops of 19.2%, 22.4%, and 20%, respectively. 

These price movements illustrate the impact of market fluctuations on individual assets and the potential consequences for investors holding positions during downturns.

In addition to exiting cryptocurrency positions, the smart money address took further precautionary measures by transferring out a total of $7.5 million from Binance in the past six hours. 

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This proactive approach to managing funds amidst market uncertainty highlights the importance of liquidity and flexibility in responding to changing market conditions.

As investors navigate the challenges posed by market volatility, lessons from smart money’s strategic decision-making serve as a reminder of the value of risk awareness, timely action, and prudent financial management in the cryptocurrency landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: beautifulblossom/123RF // Image Effects by Colorcinch

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Crypto

Local authorities freeze stolen cryptocurrency in money laundering investigation | eKathimerini.com

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Local authorities freeze stolen cryptocurrency in money laundering investigation | eKathimerini.com

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The Anti-Money Laundering Authority has taken a significant step in a complex investigation involving stolen cryptocurrency, marking the first time in Greece that crypto assets have been frozen and identified as proceeds of crime.

The case has drawn international attention, with the US Federal Bureau of Investigation (FBI) issuing a public alert confirming the freezing of suspicious digital assets.

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The investigation began last month when the Authority received information about a suspicious transaction involving a registered user on a Greek-based cryptocurrency exchange platform.

Further checks revealed that the user’s Ethereum wallet had received a large amount of digital currency,  which was later traced back to a major international theft.

The funds originated from the Bybit hack, disclosed in February, in which hackers stole approximately $1.5 billion worth of Ethereum – the largest theft of its kind to date. This incident surpassed the 2022 Ronin Network breach, in which $620 million in Ethereum and USD Coin were stolen.

Following the analysis, the Authority issued a Seizure Order for the wallet and the crypto assets it contained. The relevant documentation has been forwarded to the Prosecutorial Authority for further investigation.

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Crypto

Bitget Launchpool to List DeLorean (DMC), Offering 66 Million Tokens in Rewards – Branded Spotlight Bitcoin News

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Bitget Launchpool to List DeLorean (DMC), Offering 66 Million Tokens in Rewards – Branded Spotlight Bitcoin News
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the upcoming listing of DeLorean (DMC) on its Launchpool platform, with a total reward pool of 66,176,000 DMC tokens. Participants will have the opportunity to lock BGB or DMC tokens to earn a share of the reward allocation. The locking period will begin on June 24, 2025, at 11:00 UTC and conclude on June 26, 2025, at 11:00 UTC.
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Crypto

CoinMarketCap briefly hacked to drain crypto wallets via fake Web3 popup

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CoinMarketCap briefly hacked to drain crypto wallets via fake Web3 popup

CoinMarketCap, the popular cryptocurrency price tracking site, suffered a website supply chain attack that exposed site visitors to a wallet drainer campaign to steal visitors’ crypto.

On Friday evening, January 20, CoinMarketCap visitors began seeing Web3 popups asking them to connect their wallets to the site. However, when visitors connected their wallets, a malicious script drained cryptocurrency from them.

The company later confirmed threat actors utilized a vulnerability in the site’s homepage “doodle” image to inject malicious JavaScript into the site.

“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. This doodle image contained a link that triggered malicious code through an API call, resulting in an unexpected popup for some users when visited our homepage,” reads a statement posted on X.

“Upon discovery, We acted immediately to remove the problematic content, identified the root cause, and comprehensive measures have been implemented to isolate and mitigate the issue.”

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“We can confirm all systems are now fully operational, and CoinMarketCap is safe and secure for all users.”

Cybersecurity firm c/side explained that the attack worked by the threat actors somehow modifying the API used by the site to retrieve a doodle image to display on the homepage. This tampered JSON payload now included a malicious script tag that injected a wallet drainer script into CoinMarketCap from an external site named “static.cdnkit[.]io”.

When someone visited the page, the script would execute and display a fake wallet connect popup showing CoinMarketCap branding and mimicking a legitimate Web3 transaction request. However, this script was actually a wallet drainer designed to steal connected wallets’ assets.

“This was a supply chain attack, meaning the breach didn’ target CMC’s own servers but a third-party tool or resource used by CMC,” explains c/side.

“Such attacks are hard to detect because they exploit trusted elements of a platform.”

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More details about the attack came later from a threat actor known as Rey, who said that the attackers behind the CoinMarketCap supply chain attack shared a screenshot of the drainer panel on a Telegram channel.

This panel indicated that $43,266 was stolen from 110 victims as part of this supply chain attack, with the threat actors speaking in French on the Telegram channel.

Screenshot of drainer panel shared on Telegram
Screenshot of drainer panel shared on Telegram
Source: Rey

As the popularity of cryptocurrency has boomed, so has the threat from wallet drainers, which are commonly used in attacks.

Unlike traditional phishing, these types of attacks are more often promoted through social media posts, advertisements, spoofed sites, and malicious browser extensions that include malicious wallet-draining scripts.

Reports indicate that wallet drainers stole almost $500 million in 2024 through attacks targeting more than 300,000 wallet addresses.

The problem has become so pervasive that Mozilla recently introduced a new system to detect wallet drainers in browser add-ons uploaded to the Firefox Add-on repository.

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