The need for thieves to steal money protected by private keys stored by wallets

• Accessing or copying wallet data files.
• Knowledge of the passphrases (or pins, etc.) used to encrypt the keys of these files.

However, if someone is tricked by a scammer, it is certainly possible that the victim has been tricked into allowing the scammer to access the computer by installing the software they suggested, perhaps by giving screen sharing access to someone they thought was a helper. Their computers may have backdoor access and/or keyloggers installed.

It would be wise to assume the worst case scenario. Create a new wallet with a new key with a new key from an existing computer. I create an on-chain transaction to move money into that clean environment.

Ryan Haines / Android Authority

Once your phone number is in the hands of a business, it stops being yours.

Turning point

Dhruv Bhutani / Android Authority

My phone number is mine, and it should only be available to the people I give it to.

Why a second phone line makes perfect sense

Dhruv Bhutani / Android Authority

The secondary number is effectively disposable — if spam gets out of hand, I can toss it and start fresh.

It’s not a perfect approach

Better security with a side of sanity

Dhruv Bhutani / Android Authority

Companies will continue to demand your number, but they don’t need the real one.

The pseudonymous SHIB marketing top executive, Lucie, has published a tweet, reacting to the recent Shiba Inu price dip. She gave the community a glimpse of hope, saying that things should change in the bullish way very soon — in the fall.

Meanwhile, the SHIB price has rebounded, attempting to recover from the recent price decline.

SHIB price falls hard, SHIB executive reacts

By Saturday morning, the second-biggest meme cryptocurrency, Shiba Inu, has faced a decline of 5%, falling from $0.00001267 to the $0.00001204 price level.

Over the past week, this decline constituted a substantial 11% as SHIB lost $0.00001352 in the current bear market.

Lucie reacted to this decline by stating that fall is going to be bullish due to the upcoming rate cuts. As for now, she stated that even though the SHIB price may be down, “that should never stop us from building and adopting Shibarium around the world.”

In the meantime, the SHIB price has rebounded by 3% and at the time of this writing is changing hands at $0.00001240 per coin.

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SHIB burns jump 157,726.72%

According to the Shibburn platform, over the past day, the SHIB burn metric has faced a significant four-digit increase thanks to millions of meme coins getting driven out of circulation and locked in dead-end wallets.

The aforementioned data source revealed a crazy 157,726.72% surge in the daily SHIB burn rate as the community has succeeded in moving 2,411,616 SHIB coins to unspendable wallets, i.e., burned them.

As for the weekly SHIB burns, there is a 76.32% decline here, while the amount of meme coins that has been burned stands at 14,068,717 SHIB.

The co-chief investment officer of hedge fund Bridgewater Associates, Ray Dalio, is issuing a warning on the US amid the ballooning national debt.

In a new Fox Business interview, Dalio says the US will face an economic catastrophe in a few years unless steps are taken to reduce the national debt, which is now hovering above $36 trillion.

“If you don’t do that [enforce the debt-reduction measures], and we probably will not do that, it is like the plaque building in the heart. And so we are now not going to have not only more debt and more debt service encroaching on our spending, but it’s also going to mean that we are going to have a supply-demand problem. And this is a heart attack, like an economic heart attack. I would guess it’s about three years, give or take…”

According to Dalio, the US has previously managed to successfully extricate itself from a fiscal situation like the one it is currently in, but to do so again would require sacrifices from everyone.

“We are at a juncture right now that if we can, soon, very soon, while the economy is still good, cut the deficit to 3% of GDP. Which is possible… you only have to change a couple of things by… change spending by 4%, change tax income by 4%. Then you have a lower interest rate as a result. This is possible. It was done between 1991 and 1998, that balance. Everybody gives a little bit. There’s a possibility of being able to get it [deficit] down to 3%.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Journalist

Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

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Last updated: 

June 19, 2025

A recent data breach has exposed over 16 billion login credentials from online platforms, including Apple, Google, Facebook, Telegram, and GitHub.

The Cybernews research team, which uncovered the leak, described it as one of the largest credential dumps ever recorded, with serious implications for online users, crypto security, and digital asset management.

16B Login Records Leaked in Alarming Wave of Fresh Malware-Based Breaches

According to researchers, the breach is not a single incident but a combination of datasets collected from infostealer malware, credential stuffing attacks, and previously unreported leaks.

Some of these datasets contained up to 3.5 billion entries on their own, with the average dataset holding around 550 million records. The researchers have been tracking the data since early 2024, uncovering at least 30 exposed sets, many of them never publicly disclosed before.

“This is not just a leak—it’s a blueprint for mass exploitation,” the Cybernews team stated.

“With over 16 billion login records exposed, cybercriminals now have unprecedented access to personal credentials that can be used for account takeover, identity theft, and highly targeted phishing,” they added.

The structure and recency of the data make the breach especially dangerous. Unlike older, recycled leaks, much of this data was harvested recently by modern info-stealing malware, posing an urgent crypto security threat to users.

The data typically includes login details organized by URL, along with associated usernames, passwords, cookies, and even tokens.

Some datasets point to specific services, such as Telegram, which was linked to a 60 million record dump.

Another, allegedly tied to the Russian Federation, held more than 455 million records. A number of entries also appear related to cloud services, government portals, and business accounts.

Most of the data was found in unsecured Elasticsearch databases and object storage instances. Though these were exposed for only a short period, it was long enough for researchers to copy the contents.

The origin of the datasets remains unclear, but experts believe that at least some were compiled by criminal actors.

Massive Credential Leaks cRaise Alarm for Crypto Users Amid Dark Web Sales

At this scale, credential leaks are a direct threat to crypto security. Attackers can deploy phishing scams, ransomware, business email compromise tactics, and unauthorized access to crypto wallets and trading platforms.

Users without multi-factor authentication (MFA) are especially vulnerable.

“The inclusion of both old and recent infostealer logs—often with tokens, cookies, and metadata—makes this data particularly dangerous for organizations lacking multi-factor authentication or credential hygiene practices,” researchers added.

While the full number of people affected is impossible to determine due to overlapping records, the scale means even a small success rate could translate into millions of compromised accounts.

Crypto users, in particular, are advised to act quickly. Since wallet services and exchanges often rely on credentials linked to mainstream email providers or cloud services, any breach could lead directly to asset theft.

Cybernews stressed the importance of basic cyber hygiene. Users should change passwords immediately, turn on MFA wherever possible, and scan their devices for malware.

“There’s little impact users can have on the existence of these leaks,” the research team noted, “but staying proactive with your own security remains the best defense.”

At the time of reporting, no single actor has claimed responsibility for the leaked databases.

But with new datasets emerging every few weeks, researchers say this reflects a growing trend of sophisticated infostealer operations that threaten the entire crypto security ecosystem.

For now, the leak stands as a stark reminder of how exposed digital life can be and how quickly stolen credentials can turn into real-world consequences.

This reminder can be corroborated with the recent incident of threat actors on the dark web allegedly selling personal data from users of major crypto exchanges Gemini and Binance, according to a March 27 report by cyber threat tracker Dark Web Informer.

A threat actor known as “AKM69” is claiming to offer 100,000 Gemini records, including names, emails, phone numbers, and location data, mostly from the U.S., U.K., and Singapore.

Another seller, “kiki88888,” listed 132,000 alleged Binance user records, though the source appears to be infostealer malware, not an exchange breach.

Though there’s no confirmed breach of the exchanges themselves, the incident shows the evolving threat to crypto security, with stolen credentials often repurposed for phishing, fraud, and wallet recovery scams.

The Bank of Korea (BOK) is gearing up to launch a pilot program involving 100,000 participants in early April to test its central bank digital currency (CBDC) in real-world transactions.

Project Hangang, a three-month initiative running through the end of June, involves seven South Korean banks, including KB Kookmin, Shinhan, Hana, Woori, NH NongHyup, BNK Busan Bank, and the Industrial Bank of Korea.

Participants will convert deposits from traditional bank accounts into deposit tokens, which can be used for daily purchases at selected merchants through banking apps that utilize QR code payments. Individual token holdings will be capped at 1 million won (~$690), with a cumulative value of 5 million won for the pilot duration.

Per Korea Times, participating merchants include 7-Eleven, Hanaro Mart, Kyobo Bookstore, and Ediya Coffee, alongside online platforms such as Hyundai Home Shopping. The initiative is structured to evaluate the viability of CBDCs in simplifying current payment and settlement systems, potentially reducing transaction fees by enabling real-time merchant settlements.

The BOK plans to publicly solicit participants for Project Hangang later this month. According to a BOK official cited by Korea Times, the pilot aims to minimize intermediary roles within transactions, thereby assessing the practical efficiencies of a CBDC model over traditional banking processes.

This real-world testing phase builds upon South Korea’s prior CBDC research initiatives and marks a significant step toward CBDC integration into daily economic activity. The pilot aligns with broader global efforts spearheaded by institutions like the Bank for International Settlements (BIS), projecting widespread adoption of CBDCs in both retail and wholesale capacities by 2030.

The experiment represents an escalation from theoretical modeling to practical application, situating South Korea among an expanding group of countries actively evaluating the viability of CBDCs for retail use.

With Bitcoin dominance over 60% and most alts trailing like a lame horse, retail sentiment in the crypto market is reaching new lows. A previously rapid-fire, high-innovation space has become a breeding ground for meme coin trading, scams, and burnout.

After a decade of growth and development, the market appears to have lost its way, chasing narratives and prioritizing short-term gains over sustainable growth and genuine innovation.

Co-founder of NFT Now, Alejandro Navia, posted,

“After 10  years of being in crypto and trading, I need to address what’s currently happening in our space. This isn’t just another market cycle – it’s something far more concerning.”

Renowned macro analyst and investor Lyn Alden commented,

“Most cryptocurrency applications don’t have true economic fundamentals at major scale. That’s why after like four cycles, the altcoin narrative is “memes” which is to say the joke is that there is no narrative and it’s all player-vs-player.”

Real projects can’t compete with pump-and-dumps

The problem is multifaceted. Meme coin trading has become a 24/7 sprint, where investors are “late” if they haven’t aped into a token within 15 minutes of its launch, and long-term holding is a matter of hours. Just ask the 800k Official Trump coin investors who lost over $2 billion as the token dumped 65% just hours after launch.

The break-neck window for meme coin gains has created a culture rife with FOMO and poor investment decisions. Scams and rug pulls have become rampant, and honeypots and outright frauds are “staggering” in number.

According to Navia, even experienced traders are burning out from the constant rotation and endless parade of “next big things,” while real projects struggle to compete with pump-and-dumps. “We’re burning out builders who are chasing a dragon that doesn’t exist. Real projects can’t compete with pump-and-dumps masquerading as “communities.”

Crypto market needs a return to fundamentals

How do we make crypto great again (MCGA)? The market needs to return to fundamentals; a focus on sustainable growth rather than chasing quick profits. Supporting real builders and projects with genuine use cases is crucial for the market’s long-term health, and community-driven accountability is essential in weeding out scams.

“We need to start having honest conversations about where we’re heading,” he says, “It’s going to get worse before it gets better.”