US President Donald Trump is venturing deeper into the world of digital assets with a new project blending gaming and cryptocurrency elements, Fortune reported, citing sources familiar with the project.

The project, set to launch in late April, will resemble MONOPOLY GO!, a mobile game where players travel around a board and earn money for constructing buildings in a digital city, according to the report.

Bill Zanker, a member of Trump’s circle and part of the team that helped launch Trump’s memecoin and various NFT collections, is behind the game, Fortune cited the sources as saying. A spokesperson for Zanker denied any similarity to Monopoly while confirming that Zanker is working on a game, according to the report.

The Monopoly board game is owned by Hasbro, a company that acquired Parker Brothers, its original publisher, in 1991. Zanker reached out to Hasbro in May 2024 to seek a license for a Trump-branded Monopoly game, according to the sources, who requested anonymity due to the ongoing nature of business dealings.

Zanker declined Fortune’s requests for an interview.

Related: Trump’s tariff escalation exposes ‘deeper fractures’ in global financial system

Trump’s crypto ventures detailed

Once a crypto skeptic, Trump showed Web3 enthusiasm during his 2024 presidential campaign. The president’s crypto endeavors include Official Trump (TRUMP), a memecoin with a $1.5 billion market capitalization at this writing, along with numerous non-fungible token (NFT) projects and a decentralized finance venture called World Liberty Financial.

In February, Trump-owned DTTM Operations filed for a slew of trademarks for a Trump-branded metaverse and NFT marketplace. The metaverse would allow users to shop for physical and virtual goods, enjoy transport by limousine, aircraft, automobile and train, as well as watch public service programs.

Trump’s crypto ventures signal a significant change in his perspective regarding the crypto space. In 2021, Trump called Bitcoin “a scam against the dollar” and said the token was “based on thin air.” Since then, he has pivoted to court crypto voters and signed an executive order to create a strategic Bitcoin reserve in the US.

Web3 gaming struggles amid macroeconomic turmoil

Trump’s crypto game may have trouble gaining traction. According to an April 10 report from DappRadar, daily active users of Web3 games dipped 6% in the first quarter of 2025, while investments in the sector dropped 71% quarter-over-quarter to $91 million.

DappRadar cites the complex macroeconomic environment, including trade wars and geopolitical tensions, as reasons behind the slump in Web3 enthusiasm. The company notes that “investor sentiment remains cautious” in this environment.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

The total-value-locked (TVL) on Mantra’s RWA blockchain protocol reached a yearly high despite OM’s 90% price crash.

Mantra TVL surges 500% following OM’s crash

As of April 15, Mantra’s TVL (in OM terms) jumped to 4.21 million OM (~$3.24 million), an increase of over 500% from two days prior, according to data resource DefiLlama.

Mantra’s cumulative TVL chart. Source: DefiLlama.

Interestingly, the TVL rise accompanied a dramatic collapse in OM prices, which plunged over 90% during the weekend. The Mantra team attributed the sell-off to “reckless forced liquidations” initiated by centralized exchanges.

A rising TVL typically indicates that users are locking more tokens into a protocol’s smart contracts via staking, liquidity pools, lending, or farming for yield or network participation.

Analyst DOM spotted “aggressive buying” on crypto exchanges during the 90% OM price crash on April 13, amounting to $35 million worth of OM purchases when “the [Mantra] collapse was happening.”

Mantra total aggregated spot CVD vs. Binance spot price. Source: DOM

Despite the 90% price crash, the simultaneous TVL spike and “aggressive buying” suggest that certain participants saw the collapse as a buying opportunity.

The fact that millions of dollars were deployed while the crash unfolded points to tactical accumulation, possibly by whales, insiders, or opportunistic speculators betting on a rebound or farming incentives.

As of April 15, OM’s price was trading for as high as $0.99, up around 170% from the weekend lows.

OM/USDT daily price chart. Source: TradingView

97% of Mantra TVL is one DApp

Increases in Mantra’s TVL accompany red flags.

For instance, around 97% of Mantra’s TVL growth came from Mantra Swap, the protocol’s native decentralized exchange. Its automated market-making pools accounted for 4.11 million OM in TVL, making it the primary driver behind the sharp uptick.

Mantra Swap TVL performance chart. Source: DefiLlama

A more decentralized ecosystem would have a greater capital distribution with multiple liquidity sources across lending markets, staking platforms, derivatives, etc.

Related: Mantra says one particular exchange may have caused OM collapse

Additionally, Mantra’s fully diluted valuation (FDV) of $1.88 billion as of April 15 dwarfs the total value locked (TVL) of $3.24 million, a glaring disconnect that could signal potential overvaluation.

Mantra TVL vs. FDV (in dollar terms). Source: DefiLlama

With only 0.17% of its theoretical value actively deployed in its ecosystem, the protocol shows low capital efficiency and limited real-world usage.

This imbalance suggests the market cap is likely driven more by speculation than adoption, and with a large portion of tokens likely still locked, there’s a high risk of future dilution as vested tokens are unlocked.

Analyst JamesBitunix posed Mantra’s FDV as a huge risk to OM dip buyers, saying:

“A lot of traders jumped in at this ‘bottom’ — both on spot and with leverage. Personally, I’d trigger another correction — preferably a sweep of the lows followed by a quick bounce.”

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

After consecutive drawdowns of 17.39% and 2.3% in February and March, Bitcoin’s (BTC) Q2 is shaping up nicely, with a return of 3.77% in April. While fresh yearly lows were formed at $74,500, BTC is currently closer to $90,000 than its new range bottom. 

Bitcoin 1-day chart. Source: Cointelegraph/TradingView

Bitcoin’s higher time frame (HTF) market structure has achieved its first breakout of 2025, fueling optimism among bulls for significant upward momentum. However, the following factors could limit BTC’s gains over the next two weeks, likely capping its price at around $90,000.

Related: Can 3-month Bitcoin RSI highs counter bearish BTC price ‘seasonality?’

Bitcoin needs spot volume, not just leverage-driven

Cointelegraph identified a cooldown period in the futures market as the BTC-USDT futures leverage ratio dropped by 50%. De-leveraging in the futures market is a positive development over the long term, but derivatives traders have taken control of the market at the time as well.

Bitcoin cumulative net take volume. Source: X.com

Bitcoin researcher Axel Adler Jr. pointed out that Bitcoin’s cumulative net taker volume spiked to $800 million on April 11, hinting at a surge in aggressive buying. BTC price also jumped from $78,000 to $85,000 within three days, confirming previous historical patterns where high net take volume triggers price rallies. 

Likewise, Maartunn, a community analyst at CryptoQuant, confirmed that the current rally is a “leverage-driven pump.” The discrepancy arises because retail or spot traders are still not as relevant.

Bitcoin 30-day apparent demand. Source: CryptoQuant

As illustrated in the chart, Bitcoin apparent demand is on a recovery path, but it is not net positive yet. Historically, 30-day apparent demand can move sideways for a prolonged period after BTC reaches a local bottom, leading to a sideways chop for the crypto.

Thus, it is less likely that Bitcoin could breach $90,000 in the first attempt after dropping close to 20% until there is collective buying pressure from both spot and futures markets.

Large liquidation clusters between $80-$90K may bait traders

With futures traders positioning in either direction, data from CoinGlass highlighted significant cumulative long and short liquidation leverage between $80,000 and $90,000. Taking $85,100 at the base price, total cumulative short positions at risk of liquidation are at $6.5 billion if BTC price hits $90,035.

Bitcoin exchange liquidation map. Source: CoinGlass

On the other hand, $4.86 billion in long orders will be wiped out if BTC drops to $80,071. While liquidation clusters do not determine directional bias, they can create long or short squeezes, baiting traders on either side of respective trades.

With such high capital at risk under $90,000, it is possible that Bitcoin may target each cluster before moving toward the dominant side.

Related: Bitcoin traders target $90K as apparent tariff exemptions ease US Treasury yields

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin miner Bitdeer is reportedly expanding its self-mining operations and investing in United States-based production as looming trade wars rock global supply chains and cryptocurrency markets. 

Bitdeer has begun prioritizing mining Bitcoin (BTC) itself in response to cooling demand for its mining hardware from other miners, Bloomberg reported on April 15.

“Our plan going forward is to prioritize our own self-mining,” Jeff LaBerge, Bitdeer’s head of capital markets and strategic initiatives, reportedly said. 

Additionally, Bitdeer plans to scale US hardware manufacturing in the second half of the year as US President Donald Trump touts plans to penalize foreign imports and promote domestic manufacturing, Bloomberg said.

“This is something we’ve been planning for a long time,” LaBerge said about the manufacturing plans. “We want to bring jobs and manufacturing back to America.”

In April, Trump tipped plans for sweeping tariffs on US imports. The Bitcoin network is especially vulnerable to trade barriers since mining hardware involves complex global supply chains.

Bitcoin’s hash price is near all-time lows. Source: Hashrate Index

Related: Tariffs, capital controls could fragment blockchain networks — Execs

Sector-wide struggles

Bitcoin miners — including Bitdeer — have struggled in 2025 as volatile crypto markets worsen the impact of the Bitcoin network’s April 2024 halving. 

In February, Bitdeer’s stock dropped by roughly 28% after the Bitcoin miner announced lower-than-expected earnings and revenues for the fourth quarter of 2024. 

Bitdeer’s “lower performance compared to Q4 2023 was primarily driven by the impact of the April 2024 halving,” among other factors, Harris Bassett, Bitdeer’s chief strategy officer, said during Bitdeer’s earnings call. 

Every four years, the amount of BTC mined per “block” — a bundle of transaction data stored on the blockchain — is cut in half. The April 2024 halving reduced mining rewards from 6.25 BTC to 3.125 BTC per block.

Bitcoin price versus stocks. Source: 21Shares

Since then, mining revenues and gross profits have dropped by an average of 46% and 57%, respectively, JPMorgan said previously in a research note shared with Cointelegraph. 

Meanwhile, Bitcoin’s hash price — a measure of miner profitability — has sunk to near all-time lows, according to data from the Hashrate Index. 

In 2024, Bitdeer tried to offset declining mining revenues by selling its own energy-efficient Bitcoin mining rigs. However, sales growth has been limited and did not offset weakness in other business lines in Q4. 

The market turbulence comes as Bitcoin Trump family-backed crypto mining operation American Bitcoin reportedly is considering an initial public offering. 

Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research

Synthetic stablecoin developer Ethena Labs is winding down its German operations less than a month after regulators identified “deficiencies” in its dollar-pegged USDe (USDE) stablecoin, signaling heightened scrutiny around crypto assets in Europe’s largest economy.

Ethena Labs reached an agreement with Germany’s Federal Financial Supervisory Authority, also known as BaFin, to cease all operations of its local subsidiary, Ethena GmbH, according to an April 15 announcement.

Source: Ethena Labs

As such, Ethena Labs “will no longer be pursuing MiCAR authorization in Germany,” the company said, referring to the Markets in Crypto-Assets Regulation.

The company reiterated that Ethena’s German subsidiary has not conducted any mint or redeem activity for USDe since March 21, the day BaFin halted the stablecoin’s activities. As Cointelegraph reported at the time, the German regulator identified compliance failures and potential securities law violations tied to USDe.

“All whitelisted mint and redeem users previously interacting with Ethena GmbH have at their request been onboarded with Ethena (BVI) Limited instead and have no ongoing relationship with Ethena GmbH whatsoever,” the company said.  

Unlike popular stablecoins USDt (USDT) and USDC (USDC), Ethena’s USDe maintains its dollar peg through an automated delta-hedging strategy that includes a combination of spot holdings, onchain custody and liquidity buffers.  

USDe is the fourth-largest stablecoin with a total circulating value of $4.9 billion, according to CoinMarketCap.

The $233-billion stablecoin market is dominated by USDT and USDC. Source: CoinMarketCap

Related: Northern Marianas vetoes bill for Tinian to launch its own USD stablecoin

MiCA tightens the noose around stablecoin usage

MiCA is a comprehensive framework for cryptocurrency usage across the European Union, enforcing strict compliance standards and consumer protections.

To meet the new requirements, stablecoin issuers must have adequate reserves backing their tokens, ensure reserve assets are segregated from users’ assets and fulfill regular reporting obligations.

As of February, 10 stablecoin issuers have been approved under MiCA, including Circle, Crypto.com, Societe Generale and Membrane Finance.

Patrick Hansen, Circle’s senior director of EU strategy and policy, told Cointelegraph that a total of 10 euro-pegged stablecoins and five US dollar-pegged stablecoins have been approved so far.

However, notably absent from the list is USDt issuer Tether, which has decided not to pursue MiCA registration at this time.

Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest, April 6-12

Opinion by: Blake Cassidy, CEO of Bamboo

Crypto podcasts have been newcomers’ go-to source of information, helping bring crypto into the mainstream. Podcasters must remember, however, that fresh faces are constantly tuning in as they grow.

While you may say, “FOMO, buy the dip, ignore the FUD because WAGMI,” your poor listener — tuning in for the first time just trying to learn crypto — might decide learning Spanish is easier.

Podcasters are more vital to crypto’s adoption rate than ever

Keeping regular listeners engaged is important, but so is making sure newbies, who are only listening because they’re sick of hearing their mates brag about crypto at work, can follow along, too.

You can see this balance pulled off well in some of the biggest crypto podcasts out there. Crypto podcasts that cater to the hodler and the novice enjoy dedicated followings and high view counts, whether the market is feeling bullish or bearish. 

Some worry that making things newbie-friendly will turn off industry professionals, but that’s not the case. Even the experts appreciate simplified content — it helps them stay on top of the week without digging through all the noise themselves.

How do you get that balance right? Work in the week’s biggest news, and it’ll appeal to everyone — whether they’re new to crypto or industry veterans. Even if it’s just a segment of your podcast, crypto enthusiasts at any level love having a go-to podcast that sums up the week before they’ve even had their morning coffee.

Crypto’s accessibility problem

Accessibility has always been one of crypto’s biggest hurdles. The tech, the endless list of coins, even Web3-powered video games — many see it all as too complicated, unnecessary or just another scam. Some of these views represent a misunderstanding at best and outright ignorance at worst.

On the flip side, podcasters talk about quantum-resistant blockchains, unlimited transactions per second or Ethereum’s dreaded Surge, Verge, Purge and Splurge malarky. 

There is a delicate balance

Podcasters can play a key role in moving blockchain solutions further into the mainstream by helping to overcome the high knowledge entry requirements we’ve seen previously.

There is a balance, however, as nobody wants to listen to an explainer podcast that feels like a weekly dictionary of crypto-bro jargon. The key is for podcasters to imagine they are in a room with a friend who knows nothing about crypto and someone who’s already clued in. Create content that works for both. If jargon is a must, which is often in this niche, a “here’s what we mean when we say this” now and then can go a long way to avoid alienating newcomers.

Non-technical terms like “WAGMI” and “NGMI” should be spelled out instead of gatekeeping if we want to see retail swarm exchanges. 

Make it as easy as possible for the audience

Several successful podcasts do a great job of providing timestamps in their podcast episodes, which often run longer than an hour. If an audience member can quickly understand what is included in the podcast and navigate to the sections most interesting to them, this will only strengthen engagement and loyalty.

Additionally, similes, analogies, metaphors and outright storytelling can help demystify some harder-to-grasp crypto concepts. 

There are so many ways that podcasters can help rather than hinder the mainstream adoption of crypto. In any discipline, providing clear and concise information so that audiences can make more informed decisions is a responsibility — why should crypto podcasts be any different?

Opinion by: Blake Cassidy, CEO of Bamboo.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Ether’s (ETH) market is very close to hitting all-time lows as a classic bearish chart pattern hints at a deeper correction toward $1,100.

Ethereum’s market dominance keeps falling

On April 9, Ethereum’s market dominance, or the measure of Ether’s share of crypto’s overall market capitalization, hit a new multiyear low of 7.18%, according to Cointelegraph Markets Pro and TradingView data. 

This value was merely a hair’s breadth above the all-time low of 7.09% reached in September 2019.

“Ethereum dominance is so very close to registering new all-time lows,” said popular crypto analyst Rekt Capital in an April 13 post on X, adding:

“Ethereum Dominance needs to hold this green area to position itself to become more market-dominant over the coming months.”

ETH market dominance %. Source: Rekt Capital

Ether’s market share is now at its lowest value since 2019-2020. Meanwhile, Ether’s closest competitor in terms of market capitalization, XRP (XRP), has seen its dominance rise by over 200% over the same timeframe.  

Its top layer-1 rival tokens, BNB Chain’s (BNB) and Solana’s (SOL), have also seen 40% and 344% increases in their market dominance since 2023. 

Several reasons for this underwhelming performance include weak institutional demand evidenced by negative ETF flows, a sluggish derivatives market, and increasing competition from other layer-1 blockchains.

More trouble for Ethereum could also be found when analyzing the total value locked (TVL) of competing blockchains.

Although Ethereum remains the leader with a market dominance of 51.7%, this metric has decreased from 61.2% in February 2024. In comparison, Solana’s dominance in terms of TVL has increased by 172% over the same period. 

Total value locked market share (%). Source: DefiLlama

ETH price “bear flag” targets $1,100

Ether price, or the ETH/USD trading pair, is expected to resume its prevailing bearish momentum despite recovering from recent lows as a classic (bearish) chart pattern emerges.

Related: Ethereum could be AI’s key to decentralization, says former core dev

Ether’s price action over the past three weeks is painting a possible bear flag pattern on the daily chart, as shown in the figure below. A daily candlestick close below the flag’s lower boundary at $1,600 would signal the start of a massive move downward.

The flagpole’s height sets the target, putting Ether’s potential price drop target at $1,100, or a 33% drop from the current price.

ETH/USD daily chart with potential bear flag. Source: Cointelegraph/TradingView

Meanwhile, one key indicator to keep an eye on remains the relative strength index, or RSI, which is still below the 50 mark, suggesting that the market trend still favors the downside.

As Cointelegraph reported, ETH’s price may ultimately bottom out at around $1,000 based on several other factors. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The recent collapse of the Mantra (OM) token triggered comparisons to the infamous Terra ecosystem crash in May 2022, with some commentators referring to Mantra as the “next Terra.” Still, many in the community argue that the two projects share nothing in common besides visual similarities in price charts.

“While it’s tempting to draw parallels between OM’s recent crash and the Terra Luna collapse, they’re fundamentally very different events,” said Ben Yorke, vice president of ecosystem at the decentralized finance (DeFi) project Woo, in a statement to Cointelegraph.

Alexis Sirkia, chairman of the DeFi infrastructure project Yellow Network, agreed. “There are no real similarities apart from the visual of the price dropping,” he said.

Visual similarity — different numbers

Mantra’s OM token dropped 92% on April 13, dropping from over $6 to around $0.52 within hours. According to data from CoinGecko, OM lost $5.4 billion in market capitalization in less than four hours.By contrast, TerraClassicUSD (formerly UST) took five days to lose a similar percentage, shedding $17.2 billion.

Mantra’s OM crash in April 2025 versus USTC (formerly UST) crash in May 2022 (seven-day chart). Source: CoinGecko

The LUNA crash was more gradual than both the OM token and USTC. It started plummeting some time before the UST token depegged on May 9, 2022.

Still, the visual resemblance of the price charts has prompted comparisons among observers, despite significant structural differences between the projects.

Terra collapse was systemic in contrast to Mantra

Woo’s Yorke and Yellow Network’s Sirkia agreed that Terra’s collapse was systemic and occurred due to the failure of its algorithmic stablecoin, while Mantra was not proven to be subject to any systemic flaws.

“OM appears to be more of a case of mismanagement or negligence,” Yorke said, adding that the Mantra crash involved a “large number of insider-held tokens” moved to exchanges, which sparked cascading liquidations.

Source: ZachXBT

“The issue wasn’t a structural flaw in the protocol, but rather a breakdown in token handling and trust,” he noted.

Related: Mantra CEO says OM token recovery ‘primary concern’ but in early stages

“Mantra is not broken. There was no peg to fail. This is a market structure issue, not a protocol failure,” Sirkia stated, stressing that only an event like a smart contract failure could indicate a serious issue in the protocol. He added:

“Terra collapsed because of how it was built. Mantra went through a market-driven correction. The team remained transparent throughout. After the drop, OM bounced over 200%, showing real demand and community belief. That kind of recovery never happened with Luna.”

Yorke and Sirkia’s Mantra comments mark the second day after the OM crash, with the token slightly recovering to $0.80 by publishing time after a brutal sell-off from above $6 to $0.50 per token on April 13.

According to the latest update by Mantra CEO John Mullin, Mantra expects to share a post-mortem report detailing the events leading to the crash of the OM token in the next 24 hours.

Magazine: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China: Asia Express

Market data shows PumpSwap, the decentralized exchange of memecoin launch platform Pump.Fun, processed $2.5 billion of trades last week.

DefiLlama data shows that in the week of April 6, PumpSwap saw a trading volume increase of nearly 40% over the previous week starting on March 30, with its trading volume of $1.8 billion. Since its launch in late March, the decentralized exchange (DEX) has processed $98.4 million of trades.

The news follows Pump.Fun launching PumpSwap on March 19, as a dedicated “frictionless environment” for trading memecoins. The DEX attracted considerable trading activity, exceeding $1 billion of volume in its first week of activity.

Related: Pump.fun memecoins are dying at record rates, less than 1% survive

According to Dune data, PumpSwap’s trades reached a new record high daily count of over 6.1 million on April 12, and on April 14 the platform saw over 5.7 million swaps. It also saw its highest daily active wallets, reaching nearly 264,500 — over 163,000 recurring and 101,000 new.

PumpSwap daily active wallets. Source: Dune

On April 15, PumpSwap broke its daily volume record, reaching $417.8 million at the time of publication. The previous record was reported on Monday, April 14, when the volume reached $412.7 million.

PumpSwap’s trading volume shows a clear uptrend. Source: DefiLlama

Related: Memecoins, markets and Trump: Cointelegraph’s Q1 editorial roundtable

Revenues are growing alongside volume

PumpSwap’s income is growing alongside its trading volume, with Dune data showing that daily fees reached a record of over $1.05 million on April 14. That day, $840,000 were liquidity provider fees and $210,000 protocol fees.

PumpSwap daily fees. Source: Dune

ParaSwap features a 0.25% fee, with 0.2% going to liquidity providers and 0.05% to the protocol itself. The total lifetime fees generated by the DEX stand at $14.2 million at the time of publication, out of which $3.56 million were destined for the protocol.

Pump.Fun making millionaires

The developers behind the platform are not the only ones who managed to make money on Pump.Fun. Dune data shows that 506 wallets managed to earn over $1 million on the platform, while over 9,000 made over $100,000.

Top five 30-day active Pump.Fun wallets. Source: Dune

The most profitable wallet over the past 30 days has realized gains of nearly $40.6 million, the data shows.

Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research

Decentralized exchange (DEX) KiloEx has offered the hacker who exploited $7.5 million in crypto from its platform a 10% white hat bounty. 

On April 15, KiloEx posted an offer directed to the hacker who stole millions from the DEX. KiloEx said it had worked with law enforcement, cybersecurity agencies and exchanges to uncover information about the hacker’s activities. 

The DEX also shared wallet addresses linked to the hackers that the DeFi platform and other organizations are actively monitoring. KiloEx said they were prepared to freeze the stolen funds. However, the DEX offered the hacker $750,000 in exchange for returning 90% of the stolen assets. 

KiloEx said that it would treat the incident as a white hat exploit if the hacker returned the funds.

Hacker stole $7.5 million from KiloEx

On April 14, cybersecurity companies reported that an exploiter looted the platform through a price oracle vulnerability. A report from PeckShield said that about $3.3 million in Base, $3.1 million opBNB and $1 million BSC tokens were taken. 

The blockchain security company said that the information used by a smart contract to determine price assets was manipulated, which led to the exploit. 

In response to the attack, the platform suspended its DEX. The platform also said the exploit had been contained. 

Related: Ethical hacker intercepts $2.6M in Morpho Labs exploit

KiloEx to pursue legal action if the hacker doesn’t return the funds

The DEX added that it would drop the matter and publicly acknowledge that the incident is settled if the hacker agrees to return the funds. KiloEx wrote: 

“We will tweet about this resolution, acknowledging your cooperation and closing the case without further action.”

The DEX informed the hacker to contact its email or send an onchain message if they accepted the offer. If the hacker doesn’t accept the offer, the DEX said it would escalate the matter with the relevant law enforcement and pursue the investigation with its cybersecurity partners. 

“Your identity and activities will be exposed to relevant authorities. We will pursue legal action relentlessly. The choice is yours. Act now to avoid irreversible consequences,” KiloEx wrote. 

Magazine: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China: Asia Express