KEKIUS short-term surge of over 35%, market cap rises to $59.35 million

On Friday, May 17th, the hacker implicated in the "SEC X Account Hacking Case" earlier this year was given a 14-month prison sentence. The individual, who in January of this year utilized an SEC account to falsely assert that the agency had approved a Bitcoin spot ETF (with the actual approval announcement being made by the SEC within less than 24 hours). The 26-year-old Eric Council pleaded guilty in February to the crime of conspiring to commit identity theft. According to court records, the compromised identity belonged to a U.S. Securities and Exchange Commission (SEC) employee referred to as "CL", who had access to the agency's X account. Council admitted to impersonating CL in order to gain control of their phone number and subsequently, the SEC's X account. His accomplice ultimately paid him $50,000 worth of Bitcoin and other cryptocurrencies.

On May 17th, according to the monitoring of on-chain data analyst @ai_9684xtpa, last night, the "Whale Address that Borrowed to Long 8613 ETH" borrowed an additional 5 million USDT and bought 1930 ETH during the market downturn 10 hours ago. Currently, this address has a total of 10543 ETH as collateral and has borrowed 15 million USDT. The average long price is $2,608.36, and it has experienced an unrealized loss of $1.383 million.

On May 17th, Galaxy Digital was officially listed on Nasdaq this Friday under the stock symbol GLXY. In early trading on the first day, the stock price surged by 14%, then fell back to the opening price, erasing the previous gains, and finally closed at $22.66.

On May 17th, as per the monitoring of OnchainLens, a newly established wallet address withdrew 296,422 SOL from FalconX. The amount withdrawn was worth $50.82 million and was then sent for staking.

On May 17th, as per sources with knowledge of the matter, major cryptocurrency exchanges like Binance and Kraken have also come under a social engineering attack similar to the one recently disclosed by Coinbase Global Inc. According to unnamed sources, both of these digital asset platforms successfully repelled the attack and did not lose any customer data. Kraken declined to comment on the cybersecurity issue, and Binance did not respond to requests for comment. Sources indicated that the attack on Binance and Kraken was similar to that on Coinbase, but their internal policies and technology managed to defend against these attacks. One source mentioned that Binance detected scammers trying to bribe its customer service staff and provided a Telegram account for contacting the criminals. However, Binance used AI bots to identify potential bribery behavior in different languages and blocked the conversation.

On May 17th, the Argentine judicial system's investigation into the LIBRA case is advancing. It involves President Javier Milei, his sister Carina, and several collaborators associated with the cryptocurrency realm. The judge in this case has instructed the central bank to remove the banking secrecy of Milei and her sister in order to review all transactions conducted since 2023. This action is intended to clarify any potential financial irregularities related to the controversial LIBRA cryptocurrency. Moreover, the judge has expanded the information request to three individuals closely linked to Milei and those connected to Hayden Davis, the head of Kelsier Ventures and the initiator of LIBRA. Their assets have also been frozen as part of the investigation. (crypto-economy)