According to ZachXBT on Twitter, BitoEx hot wallets experienced suspicious outflows totaling approximately $11.5 million on May 8, 2025, yet the exchange has not disclosed the security incident on official channels such as X or Telegram several weeks later (source: ZachXBT, Twitter, June 2, 2025). This lack of transparency may undermine user confidence and could lead to increased market volatility for BitoEx-associated crypto assets, as traders may seek safer platforms or liquidate holdings in response to perceived risk.

According to ZachXBT, Kaspa is described as a 'poverty chain' due to its lack of investment in essential compliance and analytics tools such as TRM, Chainalysis, Etherscan, and Arkham, which makes investigations significantly more time-consuming and challenging for traders and analysts (source: ZachXBT via Twitter, May 28, 2025). This deficiency in compliance infrastructure increases the risks associated with trading Kaspa, potentially impacting its market liquidity and attractiveness compared to chains with robust monitoring solutions. Traders should be aware that the absence of these tools may hinder transparency and elevate counterparty risk in Kaspa-related trades.

According to ZachXBT on Twitter, Kaspa's absence of essential analytics tools like Etherscan, TRM/Reactor, Cielo, and Arkham makes blockchain analysis significantly more manual and time-consuming for traders and investigators. This limitation can hinder effective due diligence, slow down transaction tracing, and increase risks for cryptocurrency traders seeking transparency and compliance insights (source: ZachXBT, Twitter, May 28, 2025). Market participants should consider the added manual workload and potential information gaps when trading Kaspa compared to assets with robust analytics support.

According to @NFT5lut on Twitter, a wallet was drained by a hacker, prompting an urgent request for assistance from blockchain investigator @zachxbt. The affected user cited a reliable source recommending @zachxbt’s expertise in tracking stolen crypto assets (source: twitter.com/NFT5lut/status/1926467210098196862). For traders, this highlights the ongoing risks of wallet exploits and the critical importance of robust security protocols. Such incidents can lead to increased volatility in affected tokens and trigger broader concerns about asset safety, which may impact overall market sentiment and trading volumes.

According to ZachXBT, THORChain and its associated platform ThorFi are facing criticism for not being fully decentralized after unilaterally freezing $200 million of user funds earlier this year (source: ZachXBT on Twitter, May 21, 2025). This incident raises significant concerns for crypto traders about counterparty risk and the reliability of decentralized finance protocols. The freeze highlights the need for traders to reassess risk management strategies when using platforms that claim decentralization but retain the ability to restrict access to funds.

According to ZachXBT, Mark Cuban suffered a crypto asset loss from his public wallet markcuban.eth on June 23, 2024, due to a social engineering scam. ZachXBT revealed that the device indicators in Cuban’s case matched those uncovered during the $243 million Genesis Creditor theft, suggesting a connection between these high-profile incidents. This correlation highlights an ongoing vulnerability in wallet security and increases the risk profile for high-net-worth crypto holders. Traders should monitor developments as these coordinated attacks can negatively impact market confidence and drive short-term volatility in major cryptocurrencies. Source: ZachXBT (@zachxbt, Twitter, May 16, 2025).

According to ZachXBT on Twitter, Marlon Ferro has been reported for alleged involvement in home break-ins, raising significant concerns about personal security within the crypto community (source: @zachxbt, May 15, 2025). Traders are advised to review personal and digital security protocols, as heightened risks of physical threats can affect confidence and operational safety for those active in cryptocurrency trading and holding. The incident highlights the importance of safeguarding both physical and digital assets in the current trading environment.

According to ZachXBT, twelve individuals have been charged today in connection with the $243 million Genesis creditor theft, with Aakaash Anand identified for laundering funds for Veer/Wiz (source: ZachXBT on Twitter, May 15, 2025). This major enforcement signals heightened regulatory scrutiny and could increase short-term volatility for Genesis-related tokens and DeFi assets exposed to similar security risks. Traders should monitor asset flows and potential market reactions as law enforcement action may trigger shifts in liquidity and sentiment across the crypto ecosystem.

According to ZachXBT, a widely-followed crypto investigator on Twitter, certain compliance firms in the cryptocurrency industry are facing accusations of providing unreliable data and charging predatory investigation fees, leading to a lack of adoption by reputable companies (source: ZachXBT Twitter, May 15, 2025). For traders, this highlights the importance of verifying the credibility of compliance data providers, as unreliable data can increase risks related to counterparty trust, regulatory exposure, and asset safety. Market participants should closely monitor which compliance service providers are being used by exchanges and DeFi protocols, as reliance on low-tier firms could undermine market integrity and affect trading decisions.

According to ZachXBT on Twitter, significant weaknesses in the internal controls of AML Bot have allowed criminals to exploit the tool to evade detection by compliance platforms, especially after major incidents such as the $243 million Genesis Creditor theft. This vulnerability in AML Bot's system enabled illicit actors to check and bypass flagged addresses following the hack, raising concerns for traders about the reliability of anti-money laundering solutions and the ongoing risk to cryptocurrency exchanges and DeFi platforms (Source: @zachxbt via Twitter, May 15, 2025).

According to ZachXBT, Fugazi Gambler changed his username to gshaiahh within minutes of ZachXBT's post, then promptly deactivated his X account (source: ZachXBT on X, May 9, 2025). This action highlights heightened scrutiny on suspicious actors in the crypto community, signaling increased risk awareness among traders. The rapid deactivation may indicate a reaction to exposure of potential scam activities, which can impact trader confidence and market sentiment, especially around meme coins and low-liquidity tokens commonly targeted by similar accounts.

According to ZachXBT, the stolen crypto assets were funneled through the low-volume privacy tool Secret Bridge, then moved via two instant exchanges before being distributed across more than 20 Gate.io deposit addresses and other services (source: ZachXBT on Twitter, May 9, 2025). This complex laundering process highlights increased risk of asset obfuscation on centralized exchanges, potentially impacting liquidity and compliance for traders monitoring suspicious inflows.

According to ZachXBT, one of the addresses that received a six-figure share of stolen cryptocurrency funds has been directly linked to the ENS fugazigambler.eth, X account @FugaziGambler, and Telegram ID 5970895400. The connection was established by matching on-chain betting activity to messages posted in a Telegram group related to a project, providing concrete evidence of identity linkage (Source: ZachXBT on Twitter, May 9, 2025). This revelation is highly relevant for traders monitoring wallet activity and risk exposures, as it highlights the importance of tracking ENS and social media identifiers for potential malicious actors in the crypto market.

According to ZachXBT, Sam Curry, a prominent whitehat hacker and former Yuga Labs security engineer, was detained by law enforcement at an airport in September 2023 and briefly served with a grand jury subpoena, which was later dropped. The incident was related to his legitimate security work with Yuga Labs, a key player in the NFT and crypto sectors. This event highlights the legal risks faced by security professionals in the crypto industry and underscores the need for clear regulatory guidelines, which is significant for traders as it can affect market sentiment and the perceived safety of NFT projects. Source: ZachXBT on Twitter (May 9, 2025).

According to ZachXBT, following a recent NFT theft, the attacker rapidly sold the stolen NFTs and transferred the proceeds—amounting to 4 x 100 ETH, 5 x 100K DAI, 8 x 10 ETH, 2 x 1 ETH, and 3 x 0.1 ETH—directly to Tornado Cash (source: ZachXBT on Twitter, May 9, 2025). Due to the unique transaction amounts and subsequent fund consolidation after mixing, analysts can now perform a high-confidence 1:1 demix of the Tornado Cash transfers. This increases the chances of tracing stolen assets and may impact short-term on-chain trading sentiment for ETH and DAI, while highlighting ongoing risks around NFT security and Tornado Cash's role in laundering. Crypto traders should monitor for increased volatility and potential regulatory scrutiny surrounding privacy mixers and stolen NFT funds.

According to ZachXBT, recent developments highlight concerns after a security researcher was detained despite the existence of stronger leads pointing toward the threat actor known as Fugazi Gambler. ZachXBT recommends authorities obtain all relevant data from Fugazi Gambler’s social media accounts and thoroughly analyze P2P transaction histories using forensic methods. This approach could provide actionable evidence for traders monitoring on-chain activity for potential fraud schemes. The incident underscores the need for transparent investigations in the crypto space to protect user assets and maintain market stability (Source: ZachXBT on Twitter, May 9, 2025).

According to ZachXBT, all Gate.io withdrawals were consolidated into a single Ethereum address (0x4f9051a58b416eaa0216081d7030679f17e9b069) before being split into two parts. Notably, a portion of these funds was quickly cashed out using Remitano, a popular peer-to-peer (P2P) crypto platform (source: ZachXBT, Twitter, May 9, 2025). This movement highlights increased risks of rapid fund off-ramping following exchange withdrawals, which is significant for traders monitoring potential illicit flows and market liquidity pressure. The pattern may influence short-term volatility as large sums move off centralized exchanges and into less traceable channels.

According to ZachXBT, a timing analysis has uncovered matching Gate.io withdrawals occurring shortly after related deposits. This finding is substantiated by on-chain evidence, as one address, 0x5e72520038ec800986a9f1021fe2b8e3cd298c8d, was accidentally linked between deposit and withdrawal transactions (source: ZachXBT, Twitter, May 9, 2025). This transparent link offers traders actionable insight into fund movements on Gate.io, underlining the importance of monitoring wallet activity for potential trading risks and opportunities in the cryptocurrency market.

According to ZachXBT, a former Yuga Labs security researcher was wrongly detained in late 2023 due to a law enforcement error linking them to a $1.1M phishing theft targeting a Bored Ape owner. On-chain analysis by ZachXBT traced the stolen funds, revealing they were moved through multiple crypto wallets and exchanges, ultimately identifying a different perpetrator. The incident underscores the importance of thorough blockchain forensics in crypto-related investigations and impacts trader confidence in NFT security and asset recovery processes. Source: ZachXBT Twitter, May 9, 2025.

According to ZachXBT, in December 2022, a victim lost 14 Bored Ape Yacht Club (BAYC) NFTs through a targeted phishing scheme. The scammers utilized purchased X (formerly Twitter) accounts to pose as potential licensors interested in acquiring intellectual property rights for a film, luring the victim to a phishing website where they were tricked into signing a malicious message. This incident highlights increased risks for high-value NFT holders and underscores the importance of transaction verification and wallet security. The theft of these BAYC NFTs had a significant trading impact, causing temporary price fluctuations and raising concerns about security in the NFT and broader crypto markets (Source: ZachXBT on Twitter, May 9, 2025).