accepts – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 11 Jul 2025 12:56:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 accepts – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 GMX Hacker Returns Stolen $40 Million, Accepts $5M Bounty https://earlybirdsinvest.com/gmx-hacker-returns-stolen-40-million-accepts-5m-bounty/ https://earlybirdsinvest.com/gmx-hacker-returns-stolen-40-million-accepts-5m-bounty/#respond Fri, 11 Jul 2025 12:56:47 +0000 https://earlybirdsinvest.com/gmx-hacker-returns-stolen-40-million-accepts-5m-bounty/

Less than 48 hours after siphoning about $42 million in cryptocurrencies from the decentralized trading platform GMX, the hacker responsible for the attack has begun to return the stolen loot.

According to an update from the on-chain sleuth PeckShield, the GMX exploiter has returned at least $40.5 million in crypto assets, including ether (ETH) and Legacy Frax Dollar (FRAX).

Root Cause of the Exploit

Recall that the hacker exploited GMX’s smart contracts to steal the funds on July 9. A postmortem report from the firm confirmed that it was a re-entrancy attack. The exploiter took advantage of a smart contract function that could not prevent re-entrancy issues within the same smart contract.

This design flaw on GMX V1 enabled the criminal to place multiple calls within one function and caused the contract to calculate the wrong balance. They were able to artificially inflate the price of GLP, which is the liquidity provider token for GMX.

After the breach, they stole several assets, including Wrapped bitcoin (WBTC), FRAX, and DAI. They eventually bridged the funds from Arbitrum to Ethereum and converted all, except FRAX, to 11,700 ETH.

While the hacker made these moves, GMX dropped an on-chain message, offering a 10% white hat bounty in exchange for the stolen funds. The proposal would last for 48 hours, with a promise of no legal consequences.

Hacker Returns Stolen Funds

Earlier today, the hacker responded to GMX’s 10% bounty offering, with a message that read: “Ok, funds will be returned later.” They first returned $10.49 million FRAX to the GMX Security Committee Multisig address. The remaining $32 million, which were swapped for ETH earlier, have also been returned in batches.

Notably, the $32 million ETH was worth $35 million today following the spike in ether’s price. The hacker took the $3 million profit and returned the original amount. Therefore, they took a bounty of roughly $4.5 million and returned a total of $40.5 million.

Meanwhile, GMX has confirmed that the incident did not affect its V2 protocol, as the chain does not have the vulnerability that enabled the attack on V1. The team has lifted the minting caps it placed on liquidity tokens for GMX V2 on Arbitrum and Avalanche.

GMX, the native token of the GMX platform, has also recovered from a sudden dip caused by the incident. Data from CoinMarketCap shows the asset is up over 13% today.

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]]> https://earlybirdsinvest.com/gmx-hacker-returns-stolen-40-million-accepts-5m-bounty/feed/ 0 47037 Steak ‘n Shake accepts Bitcoin via the Lightning Network beyond our location https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/ https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/#respond Sun, 18 May 2025 13:33:44 +0000 https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/


Steak’N Shake officially began paying for Bitcoin via the Lightning network following an announcement reported on May 9th. At the time, the fast food chain tinkered with plans to integrate BTC, creating excitement across the Bitcoin community. And today, it’s an option at the cash register, or better yet, the Bitcoin register.

As of today, customers can pay for meals in Bitcoin at Steak’n Shake locations across the US. This is a major step in mainstream Bitcoin adoption as the chain serves more than 100 million customers a year, offering the option to use lightning bolts in immediate, low-cost transactions.

The company announced news about X this morning, confirming that Lightning Network payments are officially supported in store.

Next, they revealed the scale of the implementation. This is not a small test or pilot program. It’s a complete deployment of their entire system.

Bitcoin’s two-tier solution, Lightning Network is designed for fast, scalable and low-cost payments, making it ideal for purchasing POS such as burgers and fries. Steak’n Shake customers can use a supported wallet to scan the Lightning QR code at checkout and complete the transaction in seconds. The system uses a back-end payment processor to process real-time conversions to USD, ensuring stability and ease of use for both customers and merchants.

Previous reports from Bitcoin Magazine recorded that even hints on this move are important, and now it’s official, it confirms Steak’N Shake as one of the first major fast food brands to fully adopt Bitcoin through Lightning. This is beyond the occasional “accepted here” sign. This is a practical and streamlined payment option that reflects Bitcoin’s commitment to integration.

With tools like the Lightning Network making payments faster and more accessible, Steak’N Shake is at the forefront of the shift towards practical, everyday BTC utilities.

This update could indicate a larger trend on the horizon. Steak’N Shake’s move could trigger a similar wave of integration as more brands are watching consumer behavior and making the Lightning network easier to use.

]]> https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/feed/ 0 36932 New Trump Binance deal explained: CZ accepts US cryptography https://earlybirdsinvest.com/new-trump-binance-deal-explained-cz-accepts-us-cryptography/ https://earlybirdsinvest.com/new-trump-binance-deal-explained-cz-accepts-us-cryptography/#respond Sat, 15 Mar 2025 14:15:26 +0000 https://earlybirdsinvest.com/new-trump-binance-deal-explained-cz-accepts-us-cryptography/ Politics and codes are clashing in ways no one has ever seen them completely. It means that a new Trump Binance trade debuts between Binance’s CZ and the US in 2025

Partnerships of this scale could shift American crypto arenas and link this to the country’s political machinery more than ever before.

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Potential stocks of Trump Family Binance.us

Binance reportedly began consultations with insiders lined with Trump last year to regain its position in the US market. Sources suggest that it could likely steal a chunk of Binance.us, probably through World Liberty Financial, a new Crypto brand that debuted in September.

The Trump family-backed world’s Liberty Financials carries out space for crypto ecosystems. Partnering with Binance solidifies its retention. Combine this with Trump’s regulators relaxing the executive order. Timing proposes a deliberate strategy.

Binance’s legal struggles and redemption routes

Changpeng Zhao, the mysterious founder and major shareholder of Binance, remains a central figure despite recently leaving prison. After pleading guilty to a money laundering violation in 2023 and serving a brief prison sentence, CZ resigned as CEO, but his grip on the company remains solid.

Rumors suggest that CZ quietly pushed a pardon to clear his slate on Trump’s team. His public denials did not silence the rumors, particularly after he tweeted that “felons wouldn’t mind pardoning.”

(Coinecko)

That said, Binance’s US comeback is complicated. Slapped with a $4.3 billion fine for a shady transaction and failing compliance, the exchange has rushed to restore its foothold and reputation.

The Trump family’s rumour involvement adds a new layer to Binance’s Recovery Playbook. Already supporting $2 billion from UAE Investor MGX, the exchange chases trust in regulations as well as cash. The rebuilding in the US is about an alliance that reassures watchdogs and skeptics.

What is at risk in the Trump Vinanence deal?

The Trump Binance Alliance could shake the US crypto market in a thrilling and unstable way. For Binance, it’s an opportunity to regain relation to a lucrative market. For Trump families, Binance.us stocks offer a front row seat to the crypto revolution and all the political and financial benefits that come with it.

Whether this partnership survives or sinks under its own contradiction defines the extent to which the boundaries between business and politics can be blurred.

Exploration: XRP Price Jumps 11% after SEC Crypto Unit XRP ETF Progress

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Key takeout

  • It means that a new Trump Binance trade debuts between Binance’s CZ and the US in 2025

  • Rumors suggest that CZ quietly pushed a pardon to clear his slate on Trump’s team.

  • The Trump Vinance Alliance could shake the US crypto market with both thrilling and uncertainty.

The new Trump Vinanence contract explained: CZ encompasses US cryptography.

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