Sahil Poudel, Author at Bitmala

Credix Hack Wipes $4.5M: Inside the DeFi Admin Breach That No One Saw Coming

Credix Hack Exposes Major Admin Lapse

DeFi just took another L. Lending protocol Credix got hit with a $4.5 million exploit—and the worst part? The hacker had been chilling with admin access for six days before striking. That’s not just a hack. That’s a full-on inside job move.

Security crew SlowMist caught the action when they noticed weird behavior in the Credix multisig. Digging deeper, they found the attacker had somehow been added as both a multisig admin and bridge controller through ACLManager—a big oof for the dev team. With that access, the attacker minted fake collateral, borrowed real assets, and drained the pool like it was a clearance sale.

Credix Hack: Tornado Funded, Ethereum Routed

On-chain sleuths at Cyvers tracked the wallet back to Tornado Cash, the crypto privacy tool that’s basically a red flag in DeFi. After the grab, most of the stolen funds got shuffled over to Ethereum, making recovery that much harder.

The Credix team has since pulled their site offline—no new deposits, no official updates, and no word on whether users will get their funds back. Not the best look, especially after they locked in a $60M credit facility last year to scale.

The lesson from this Credix Hack? Weak admin controls are like leaving your vault wide open with a neon sign saying “Free Cash.” Until there’s clarity, users should revoke all approvals and avoid interacting with the protocol.

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Biggest Insane Bitcoin Heist Ever: $14.5B Loot & Zero Clues – Arkham Exposes the Silent Cyber Robbery

When a Bitcoin Heist Turns into a $14.5B Mystery

A crypto mystery just got unboxed. On August 3, Arkham dropped a bomb: LuBian, a once-top mining pool in China, lost 127,426 BTC in what’s now the biggest bitcoin heist ever. That’s $3.5B back then in 2020. Now? It’s worth over $14.5B. And somehow, nobody said a word about it for nearly 4 years.

LuBian was kind of a big deal at one point powering 6% of the Bitcoin network. Then, poof December 28, 2020, 90% of its wallet got cleaned out. The next day, more BTC and USDT vanished. By New Year’s Eve, the rest was rushed to recovery wallets like a digital fire drill.

Ghost Messages to the Hacker

Here’s the twist: LuBian didn’t go public. Instead, they dropped 1,500+ on-chain messages asking the hacker to “be a white-hat” and return the coins. Even used OP_RETURN to send blockchain notes, burning over 1.4 BTC just to beg. One message from July 2024 read: “To the white-hat who is saving our asset, you can contact us.”

Still, silence.

Turns out LuBian’s tech used flawed key-generation that made it easy to brute-force. That’s hacker 101. And now, the thief’s wallet is ranked 13th largest Bitcoin holder—above some actual crypto exchanges.

This isn’t just a hack it’s a huge Bitcoin Heist and It’s a full-on cyber thriller that sat in the shadows for years—and the loot is still untouched.

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Crypto Security Just Leveled Up: 180B+ Protected as Immunefi Drops Magnus

Crypto World’s New Security Boss Just Dropped

If you thought blockchain was already safe, Immunefi’s here to prove it can be bulletproof. The onchain security beast guarding $180 billion+ in crypto just launched Magnus, an all-in-one real-time threat defense system—and yeah, it’s wild.

Magnus isn’t just another tool. It monitors heavy-hitter protocols like Arbitrum, zkSync, and Curve, catching everything from social hacks to smart contract meltdowns. It combines Fuzzland’s fuzzing tech and FailSafe’s compliance scanning into one live dashboard. Real-time alerts. Full chain watch. Zero excuses.

Crypto Security Gets Its Main Character Moment

This is a power move. With cross-chain monitoring for Ethereum, Polygon, BNB Smart Chain, and more, crypto security now runs like a command center. Think AI-powered threat alerts piped into Slack or PagerDuty so devs don’t have to juggle tools or tabs during an attack.

CEO Mitchell Amador kept it real: “One dashboard can mean the difference between disaster and recovery.”

Even billion-dollar Bitcoin DeFi players like Babylon Labs and Lombard Finance are jumping on. Immunefi’s using its own dataset, Codexa, to keep threat detection sharp and futureproof.

In a year where crypto hacks have already crossed $142B, this crypto security launch might just be the turning point for protecting onchain money.

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Bitcoin Drops to $113K: Eric Trump Says “₿uy the Dip” in Bold Crypto Call

Bitcoin Just Dipped, But Eric Trump’s All In

Crypto’s taking a breather — Bitcoin dropped to $113,164 and Ethereum slid to $3,500, triggering red candles all over the charts. But while panic’s hitting short-term traders, Eric Trump is tweeting the opposite: “₿uy the dips!!! $BTC $ETH.” Bold move? Or something deeper?

Bitcoin Believer: Why Eric Trump’s Not Sweating

This isn’t his first time throwing shade at market fear. Back in February, when BTC crashed under macro pressure, Trump made a similar call. ETH was under $1,400 then — and rallied all the way to $3,900. He’s not just posting, though — he’s holding. Trump disclosed in December that he owns BTC, ETH, SOL, and SUI, and also backs mining firm American Bitcoin, which holds 215 BTC per Arkham data.

His DeFi project World Liberty Financial recently scooped up 77,000 ETH at ~$3,294. Yeah — some of that is underwater now, but he seems unfazed.

Meanwhile, sell pressure is real. ETFs saw a record $812M outflow on August 1, while geopolitical stress and weak U.S. job data added to the drag. Glassnode data shows short-term holders dumped 85% of BTC spent in 24h, signaling profit-taking, not full-on panic.

Still, Bitcoin’s holding above $113K, total crypto market cap sits comfy above $3.7T, and analysts like Michaël van de Poppe are saying August’s slow grind could lead to a September rebound.

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Bitcoin Mining Hits Record 127.6T: 5 Shocking Insights Into Network Strength

Bitcoin Mining Just Hit a New High Here’s What It Means

If you thought Bitcoin was chilling, think again the network just flexed big time. BTC’s mining difficulty hit an all-time high of 127.6 trillion this week. That’s not just a random numbe it’s a major sign of how strong the network’s become. And even though it’s expected to dip slightly to 123.7T on August 9, the long-term trend? It’s up only.

Bitcoin Mining Difficulty = Network Strength

Let’s break it down. Mining difficulty controls how hard it is to add new blocks to the chain. More miners? Higher difficulty. Fewer miners? It chills out a bit. But with difficulty rising lately, it means more computing power aka hashpower is flooding into the system. That’s bullish for Bitcoin’s security and decentralization.

After dipping to 116.9T in June, the difficulty bounced right back in late July. It’s part of a long-term grind that’s making Bitcoin’s network more resilient than ever.

And if you’re wondering why this matters it’s all about scarcity. Bitcoin’s stock-to-flow ratio is now even tighter than gold. Over 94% of all BTC has already been mined, and this difficulty setup keeps supply tight, inflation low, and miners grinding hard for rewards.

So yeah, the next adjustment might cool things slightly, but the message is clear Bitcoin mining is still boss-level hard. And that’s a good thing.

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Ripple Just Slipped Is This a Healthy Dip or Major Red Flag?

Ripple was living the dream just days ago, hitting highs over $3.25 and giving major breakout energy. But fast forward to today? It’s a whole different vibe XRP just cracked below the $3 line, and traders are sweating.

XRP Breakdown: Key Levels to Watch Now

The drop follows some massive whale moves, including a $175M Ripple transfer by Ripple co-founder Chris Larsen. Yeah that kind of movement always shakes the market. Right now, XRP’s floating around $3.02, dangerously close to the next major support at $2.75.

Charts are looking rough. Ripple faced major resistance near $3.50–$3.75, and after multiple rejections, the bulls lost steam. What used to be breakout zones like $3.25 have flipped to resistance not a good look. The RSI? It’s fallen from an overheated 80 to a lukewarm 52.5. Volume is fading too.

If XRP breaks $2.75, it could drop further to $2.50 or even $2.31 zones where it chilled during past consolidations. Short-term vibes are definitely bearish. But if bulls pull a miracle and reclaim $3.25+, XRP could aim for $3.50 again.

TL;DR: All eyes are on whether $2.75 holds. If not, we might be entering full correction mode.

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Cardano Breakout Brewing: Analyst Predicts $6.25 ADA Surge Based on 2021 Pattern

ADA Calm Might Be the Storm Before the Surge

ADA’s been chill lately, hovering just under $0.85, but don’t sleep on it — things might be heating up. Analyst Ali Martinez is seeing some serious 2021 vibes in the charts, and he thinks Cardano could be prepping for another wild run.

Cardano Pattern Flashback: 2021 Vibes Incoming

According to Martinez, ADA’s current structure is giving déjà vu. We’re talking a “flat base, slow build-up, hesitation near resistance” type of setup — exactly what happened before ADA’s explosive 2021 rally. Back then, ADA cruised past $1 and hit $3+. Now? It’s dancing near the 0.5 Fibonacci level, a major historical launchpad.

The key zones to watch are $1.15, $1.74, and $3. Break through those, and things could get spicy. Martinez even throws out a long-term target of $6.25, based on clean charting techniques like Fibonacci extensions — not just vibes and hype.

Sure, momentum has been kinda meh. ADA hasn’t been making headlines like Solana or meme coins lately. But low-key consolidation like this? It’s often what comes right before a major breakout. Martinez says the silence might be a setup.

No guarantees, obviously. Volume and wider altcoin sentiment gotta back it up. But if Cardano starts moving, don’t say you weren’t warned.

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Crypto Insane: 7 Real Events That Shook the Blockchain World Today

What Happened in the Crypto World Today

Yo, crypto fam it’s been a wild ride today. Whether you’re deep in DeFi or casually holding some meme bags, you need this roundup. Let’s break down 7 things that actually happened in the crypto scene in the past 24 hours no fluff, just facts.

Crypto Reality Check: 7 Events You Missed

Bitcoin held strong around $118,500 after a shaky moment when the U.S. Fed decided to keep rates steady. Price dipped for a sec but bounced right back. ETH and SOL also saw solid green candles.
The White House dropped a massive 160-page crypto framework they’re trying to pin down what counts as a security and what doesn’t. TLDR: SEC and CFTC are about to get real busy.
Syz Capital is making moves again. They’re reopening their BTC hedge fund with 2,000 BTC (~$200M) already being stacked.
A dude in India just got busted for stealing over ₹379 crore ($44M) from CoinDCX. Wildest part? He might’ve used a freelance gig as a cover.
In the UAE, RAKBANK became the first traditional bank to offer crypto trading straight to retail customers. Gamechanger for the region.
NFTs are still hot sales in July hit $583M, a 47% jump. ETH-based collections dominated as usual.
Overall market is slightly green, with 75 of the top 100 coins in the green zone. Total market cap is sitting around $3.96T.

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Little Pepe Explosion: 5 Insane Reasons It’s Blowing Up in 2025

Little Pepe Just Blew Up — Here’s the Hype

Little Pepe ($LILPEPE) is shooting off like rocket fuel today, and Gen Z traders are vibing hard. Whether you’re deep in crypto culture or just scrolling reels, you’ve probably seen charts and hype threads all over TikTok and Discord. This coin is heating up big time.

Little Pepe Frenzy: Why It’s Trending Now

Little Pepe just wrapped up Stage 7 of its presale in record time only three days and raised serious cash. The presale price hovers around $0.0016–$0.0017, and it’s already raised over $10 million. Plus it’s built on a custom EVM-compatible Layer 2 chain, offering fast speed, low fees, zero transaction tax, anti-sniping features, and even a meme-launchpad toolkit. All of that tech and community action is fueling major FOMO.

Aside from hype, it’s got solid tokenomics the supply is manageable and the token mechanics are designed to reward holders. Compared to bloated projects like BONK, Little Pepe’s structure feels more sustainable and legit.

Retail traders and whales alike are stacking LILPEPE hoping for a launch pop or longer-term gains. Analysts are mentioning possible multiples if it hits listing milestones or targets like $0.50 by end of year. It’s low‑cap chaos with real upside.

Bottom line? Little Pepe is trending because it blends meme magic with legit tech and presale momentum. If you’re sleeping on this, Gen Z traders would say you’re missing the wave.

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Bitcoin Surge: 5 Wild Reasons BTC Is Breaking the Internet Today

BTC Just Went Off — Here’s Why

Bitcoin’s making headlines again, and no, it’s not just another boring chart spike. BTC shot up big time today, and Gen Z traders are losing their minds over it. Whether you’re deep in crypto or just peeping TikTok finance, you’re gonna want to know why Bitcoin’s blowing up like it’s 2021 all over again.

Bitcoin Frenzy: Everyone’s Watching Now

Okay, so first — there’s a massive inflow of institutional money. Big dogs like hedge funds and banks are suddenly super into BTC again, and that’s pushing prices way up. Also, rumors of upcoming ETF approvals are heating up the timeline. Gen Z retail traders? They’re stacking sats like it’s their side hustle. Even influencers are dropping charts between skincare routines. BTC is officially back in the chat.

Another major reason? The halving hype is real. It’s coming up, and every halving in BTC history has brought some wild price action. So yeah, FOMO is setting in. Plus, people are tired of inflation wrecking their savings, and Bitcoin is vibing as the new digital gold — but cooler.

If you blink, you might miss it. Bitcoin’s riding high, and if you’re still waiting for “the dip,” you might be waiting forever.

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