By William Janes ( September 23, 2025, 2:12 PM BST) — Five people have been arrested on suspicion of carrying out a €100 million ($118 million) cryptocurrency fraud in a joint international operation by law enforcement agencies across Europe, a European Union law authority said Tuesday….
Crypto
Why is popular cryptocurrency Solana crashing

The world of cryptocurrency has confronted one other cyber assault and this time it will be Solana who’s on the struggling facet. The digital token Solana crashed on Wednesday because the decentralized system is reported to be a casualty of a multimillion {dollars} hack. Solana witnessed a promoting stress on exchanges after customers reported about their funds getting drained with out their data from their “scorching” wallets together with Phantom, Slope, and TrustWallet. The difficulty remains to be ongoing. Solana is estimated to have witnessed a lack of $8 million.
On CoinMarketCap, Solana is buying and selling at $39.37 down by 2.24%. The token’s market cap is round $13.65 billion. The token has touched an intraday excessive and low of $42.33 and $38.28 respectively.
Solana is the ninth largest cryptocurrency at present following Cardona which is at eighth rank.
In comparison with its all-time excessive of $260.06 in November final yr, Solana has nosedived by almost 85%.
Speaking concerning the Solana hack, Sathvik Vishwanath, Co-Founder, and CEO of Unocoin stated, “Solana is a brand new blockchain supported by a token of its personal that works because the gasoline to verify the transactions on that blockchain. There have been quite a few hacks on the wallets supporting this token. A current profitable try drained away about 560M USD value of Solana from varied consumer wallets and this has despatched shivers within the Solana ecosystem. Part of the response is the decreased costs of the token.”
Based on the PeckShieldAlert report, the widespread hack on Solana wallets is probably going as a result of provide chain challenge exploited to steal/uncover consumer non-public keys behind impacts wallets. Thus far, the loss is estimated to be $8 million, excluding one illiquid shitcoin (solely has 30 holds & perhaps mis-valued $570 million.
Solana customers have been reporting on Twitter about their funds being drained with out their permission and data.
Its not simply Solana, Ethereum customers too confronted the same challenge.
PeckShieldAlert revealed that looks like earlier than Solana Wallets obtained drained, a consumer’s TrustWallet and Slope wallets have been compromised on each Solana and Ethereum.
Additional, Prashant Kumar, founder, weTrade stated, “Solana appears to be witnessing an ongoing hack through which scorching wallets are being compromised. The preliminary alerts level to compromised keys that are evident by the digital footprints that are apparently signed by the respective homeowners.”
Kumar added, “One of many key issues to be taught by means of that is to make sure 100% privateness of the non-public keys and a few customers have began to maneuver their cash to {hardware} wallets. Solana with the opposite cryptocurrencies have been typically transferring upward for the previous few weeks. Nonetheless, the hacking information led to cost erosion first nevertheless it has partly restored the misplaced worth since then!”
Solana is the quickest blockchain on the earth and the quickest rising ecosystem in crypto, with hundreds of initiatives spanning DeFi, NFTs, Web3 and extra. Headquartered in Switzerland, Solana Basis official launched Solana in March 2020. Anatoly Yakovenko is the founding father of Solana.
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Ripple Highlights Transatlantic Initiative as Blueprint for Global Crypto Regulation

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Texas brothers charged in cryptocurrency kidnapping, robbery in MN

GRANT, Minn. (FOX 9) – A Washington County family was reportedly kidnapped and held hostage at gunpoint for hours by two Texas brothers who ultimately took more than $72,000 in cryptocurrency.
Raymond Christian Garcia, 23, and Isiah Angelo Garcia, 24, were each charged via warrant with three counts of kidnapping, three counts of first-degree burglary, and one count of first-degree aggravated robbery for their alleged roles.
The incident led to the Washington County Sheriff’s Office issued a shelter in place order while they searched for the suspects. The incident ultimately led to the cancellation of a high school homecoming football game in Mahtomedi.
Home invasion and cryptocurrency theft
The backstory:
According to the criminal complaint, a 911 call was received at approximately 4:45 p.m. on Sept. 19 from someone in Grant, Minnesota, stating that he and his family had been kidnapped and were being held hostage at gunpoint in their home.
The complaint details that on Sept. 19, a man was taking out the garbage at around 7:45 a.m. when the armed brothers allegedly forced him back into the garage and bound his hands with zip ties. The men then woke up the two other people in the house, also binding them.
Raymond Garcia is accused of holding the 911 caller and his mother hostage for nine hours while armed with an AR-15-style rifle. Police said the upstairs bedroom door was tied shut with wire and needed to be cut in order to free them, according to the complaint.
Meanwhile, Isiah Garcia, armed with a shotgun, allegedly forced the man to log into his cryptocurrency wallet and transfer over $36,000 to an unknown account, charges state. After learning of a separate crypto wallet kept at the family cabin in Jacobson, Minnesota, Isiah Garcia allegedly forced the man to drive three hours and transfer the additional cryptocurrency, valued at over $36,000.
According to the complaint, the victim believed some of his crypto account information had been leaked during a data breach. The charges note that the men were frequently on the phone with an “unknown third party who directed [them] to transfer the cryptocurrency.”
The victim inside the house called 911, and multiple squad cars passed Isiah Garcia as they were driving back from the cabin. Isiah Garcia then turned the truck around, parked, and fled on foot before discarding the shotgun in a nearby field, charges allege.
Raymond Garcia was seen on camera running out the back door of the home. During a search of the area, authorities recovered an AR-15 rifle in a suitcase located in the tree line behind the home, charges said.
Brothers arrested in Texas
The investigation:
According to the complaint, Isiah Garcia rented a car near Houston, Texas, on Sept. 16 and drove to Minnesota. The vehicle’s GPS data placed the car near the victim’s home and a motel in Roseville. On Sept. 21, Isiah Garcia was taken into custody while driving the same rental car in Texas.
Raymond Garcia went to authorities on Sept. 22 to report that his AR-15 had been stolen in Waller, Texas. During a search of the brother’s home in the Waller area, authorities reportedly found a firearm box with a serial number matching the AR-15 recovered in Minnesota.
At the time the criminal complaints were filed, both men were in custody in Texas.
The Source: This story uses previous FOX 9 reporting and information from a Washington County criminal complaint.
Crypto
EU Enforcers Arrest 5 Over €100M Cryptocurrency Scam – Law360

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