A certain giant whale has purchased and withdrawn 260700 ZECs from Binance and Kraken, with a total value of 31.93 million US dollars. Among them, 17770 ZECs were withdrawn from Binance and 8300 ZECs were withdrawn from Kraken.

RippleX project leader J. Ayo Akinyele stated that there is a serious vulnerability in the XRP Ledger payment engine that has been present for over 10 years, which previously posed a risk of XRP being issued beyond a fixed supply. This vulnerability was discovered through a vulnerability bounty program and has not yet been exploited. The development team has released the fix version xrpld 3.4.1 and completed the network upgrade. XRPL will increase proactive safety investment, clean up technical debt, and promote formal verification.

Binance founder CZ has released a guide for the custody of encrypted assets, suggesting that users allocate assets reasonably between self custody and centralized trading platforms based on their position size and technical capabilities. CZ suggests that self hosted users use offline devices to store private keys, use hardware wallets, and set up remote backups. At the same time, users of centralized trading platforms are reminded to strengthen account protection through strong passwords, two factor authentication, and whitelist withdrawal addresses, and to pay attention to asset inheritance schemes.

[U.S. Securities and Exchange Commission Sues Former Linqto Executives for Alleged $430 Million Fraud] The U.S. Securities and Exchange Commission has filed a lawsuit against former Linqto executives William Sarris and Joseph Endoso, accusing them of fraudulent and illegal activities in the sale of over $430 million in Pre-IPO equity to retail investors between 2021 and 2024. The two are alleged to have misrepresented pricing, falsely claimed stocks were sold out, fabricated pricing algorithms, and illegally operated an unregistered investment company. The SEC is seeking injunctions, disgorgement of illicit gains, civil penalties, and a ban on the two serving as executives or directors of publicly traded companies. (Source: U.S. Securities and Exchange Commission)

POAP founder Worthalter transferred 4000 ETH worth $10.02 million to Gemini 6 hours ago. It reduced its holdings of 8000 ETH at an average price of $2601 within 6 days, and currently holds 51500 ETH worth $129 million.