pose – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 04 Sep 2025 16:00:31 +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 pose – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 The long history of Gen Alpha’s favorite photo pose https://earlybirdsinvest.com/the-long-history-of-gen-alphas-favorite-photo-pose/ https://earlybirdsinvest.com/the-long-history-of-gen-alphas-favorite-photo-pose/#respond Thu, 04 Sep 2025 16:00:31 +0000 https://earlybirdsinvest.com/the-long-history-of-gen-alphas-favorite-photo-pose/

This story originally appeared in Kids Today, Vox’s newsletter about kids, for everyone. Sign up here for future editions.

My kids were posing for a picture the other day when the older one, like big siblings since time immemorial, threw up a pair of bunny ears behind his little brother’s head.

“That’s not nice,” I told my older kid. He looked at me blankly.

“What?” he said. “It’s just a peace sign.”

I believe him. For at least a year, the peace sign has been my kid’s go-to photo pose. First day of school? Peace sign. Birthday party? Peace sign. Showing off the robot he made out of Legos? Peace sign, obviously. (By contrast, I’m not sure I’ve ever actually seen him do bunny ears, a common way for kids in my generation to lightly prank one another.)

It’s not just him. Every time his class takes a picture, it’s absolutely prickling with peace signs. An informal poll of kids and parents suggests the practice is widespread. “Everyone does it,” Rhodes, 5, told me. “I started doing it when I was in mid-to-late elementary school,” 17-year-old Allison said by email. Kate Ellen, a mom in the UK said her daughters, 9 and 5, and their friends all pose with the gesture.

The peace sign, or V-sign, is nearly a century old, and has been part of the American cultural lexicon for decades. But the gesture feels more ubiquitous now than in decades past, and it means something new to this generation of kids — even if that meaning is, sometimes, nothing at all.

The origin of the peace sign

The contemporary V-sign — two fingers, palm toward the viewer — originated during World War II as a symbol of victory over Nazism (the V-sign with the palm oriented toward the signer is an older, ruder gesture, whose origins are unclear). Later, in the 1960s, American activists began using it to signify opposition to the Vietnam War.

The repurposing of the gesture was part of a larger movement, said Julia Fell, curator of exhibits at the Museum of Bethel Woods on the site of the 1969 Woodstock festival. “During the 1960s, other cultural expressions, such as clothing, that were associated with the military/war were sometimes turned on their heads by counter culturalists in protest (think army fatigues styled with long hair and adorned with scarves or buttons and patches, a la Country Joe McDonald at Woodstock),” Fell told me by email.

Thus the gesture that had once meant victory came to signify peace (with a bit of a detour thanks to Richard Nixon). Over time, though, the peace sign became more general in its meaning. By the time I was growing up in the ’80s and ’90s, it could be a greeting or goodbye, or a way to lend some added character to ubiquitous “hippie” Halloween costumes (other accessories included Lennon glasses, headband, tie-dye). It was not, however, at least in my memory, a go-to photo pose — at least not in the way it is for my kid.

So what’s driving the rise of the peace sign among Gen Z and Gen Alpha? One possible answer is the influence of Japanese pop culture, especially anime.

The peace sign began spreading in Japan as early as the 1970s, potentially popularized by a camera commercial. Japanese young people started using the peace sign in photos, and anime characters started flashing it too.

Today, the gesture often shows up in shonen-style anime shows, when a character celebrates a victory in a battle or tournament, Nicholas Friedman, publisher of Crunchyroll News and host of the podcast The Anime Effect, told me.

This seems closer to the sign’s original meaning. But it’s also common in a more peaceful context. In slice-of-life or romantic comedy anime shows, “people are just hanging out, they’re taking selfies, they’re in photo booths, and they’re throwing up the peace sign,” Friedman said. Especially in the latter context, “it’s often related to the cute or kawaii culture within anime.”

There’s even a Pokémon, Victini, who is essentially a living peace sign.

Anime has been popular for decades, but in some ways, it’s more interwoven into kids’ lives now than in the past. While millennials might have watched Pokémon or Yu-Gi-Oh on Saturday mornings, kids today are “discovering anime through word of mouth or social media or clips on TikTok,” Friedman said. They have access to thousands of shows rather than one or two. And a lot of the social media trends that form a big part of youth culture today come from anime.

Kawaii aesthetics, especially, are ubiquitous in American kid culture, from stuffies to coloring books. Characters outside anime — on Disney+ shows, for example — now routinely flash huge, dewy, kawaii-style eyes to express sorrow or love.

The popularity of the peace sign is, at the very least, linked to the larger cultural dominance of kawaii. People do it in photos because “they want to look cute,” Rhodes told me.

Why kids need the peace sign now

In talking to both kids and adults, however, I’ve come to believe there’s another force at play: Kids do the peace sign in photos because, more so than in generations past, they need something to do in photos.

“It just feels more natural than keeping your hands at your sides,” Allison told me. “It also makes the photo a little more interesting to look at, particularly if you’re the main subject.”

Whether because Gen Alpha are too pure to make fun of each other, or because it was never that funny in the first place, the bunny-ears gesture may be over.

Ellen, the UK mom, says her kids told her that no one really knows what the peace sign means, and that “it’s just a pose, like for pictures.” In my experience, the gesture is at least as ubiquitous as saying “cheese,” if not more so.

The process of cultural signifiers losing their specific meaning is a common one in recent years, Friedman told me. While millennials might have thought a lot about their use of gestures or other trends, Gen Z and Gen Alpha “just kind of do it.”

Some of that may be philosophical — an anti-overthinking, it’s-not-that-deep approach. But some of it is also almost certainly aesthetic: Kids are just photographed far more than they were in the ’80s and ’90s, they see photographs of themselves far more, and they’re growing up in a culture that thinks strategically about how to pose in pictures. It’s not odd that they would embrace a particular gesture that’s associated with cuteness — and that, as a bonus, gives them something to do with their hands.

My kid may soon have more options than the standard peace sign. Allison recently completed an exchange trip to Japan, and noted that “the gyaru peace sign, which is named after a popular fashion subculture, has the palm facing up and the fingers pointing out,” and that “a sideways peace sign with the eye framed between the fingers is also popular.”

Meanwhile, whether because Gen Alpha are too pure to make fun of each other, or because it was never that funny in the first place, the bunny-ears gesture may be over. When I asked Rhodes about it, he had no idea what I was talking about.

Dozens of children were already on planes on Sunday night when a judge blocked the Trump administration from deporting them to Guatemala — at least for now.

“AI has transformed my experience of education,” high school senior Ashanty Rosario writes at The Atlantic, adding that “these programs have destroyed much of what tied us together as students.”

A New York City program closes certain streets to car traffic during the summer, and 9-year-old New Yorker Julian M. wrote an op-ed about the joy of being able to bike down the street on his own. “When I got home, I felt pretty happy, like I accomplished something,” he says.

My little kid is currently obsessed with Too Busy Marco, a picture book by genius cartoonist Roz Chast in which a small bird simply cannot go to bed until he has invented invisibility gum, painted a masterpiece underwater, and launched a career as a professional bowler. This is relatable for my child because he cannot go to bed until he has yelled about a lot of things.

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Fraudsters Pose as Lawyers to Target Cryptocurrency Losses, FBI Says https://earlybirdsinvest.com/fraudsters-pose-as-lawyers-to-target-cryptocurrency-losses-fbi-says/ https://earlybirdsinvest.com/fraudsters-pose-as-lawyers-to-target-cryptocurrency-losses-fbi-says/#respond Sat, 16 Aug 2025 16:23:42 +0000 https://earlybirdsinvest.com/fraudsters-pose-as-lawyers-to-target-cryptocurrency-losses-fbi-says/

The Federal Bureau of Investigation (FBI) has warned that criminals are posing as lawyers to steal money from people who have already lost funds in cryptocurrency scams.

According to an August 13 FBI advisory, some scammers pretended they worked with government agencies or financial regulators. Others claimed to have partnerships with organizations that do not exist.

A common tactic is to ask for payment in cryptocurrency or gift cards, methods no genuine law firm would accept. Many victims are persuaded because the scammers know how much money they lost before and when those transactions happened.

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Sometimes victims are told to contact a so-called “crypto recovery law firm” and open an account with a foreign bank. The website they are directed to often looks real but is designed to collect personal information and account details.

Other red flags include demands for “bank fees” to confirm identity, refusal to provide credentials, and avoidance of video calls.

The FBI recommended following a “zero trust” approach with any unexpected phone calls, emails, or messages. People should ask for a photo of a law license and verify it with the issuing authority.

Additional precautions include using only trusted phone numbers and websites, avoiding links from unknown senders, and taking time before transferring money or sharing personal data.

The advisory added:

Contact with scammers impersonating law firms continues to pose many risks, including the theft of personal data and funds from unsuspecting victims, to the reputational harm of actual lawyers being impersonated.

Meanwhile, Wisconsin legislators introduced Senate Bill 386 on August 11 to address scams involving crypto ATMs. What does the bill include? Read the full story.


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Scammers Pose as Tech Firms to Drain Crypto Wallets, Darktrace Warns https://earlybirdsinvest.com/scammers-pose-as-tech-firms-to-drain-crypto-wallets-darktrace-warns/ https://earlybirdsinvest.com/scammers-pose-as-tech-firms-to-drain-crypto-wallets-darktrace-warns/#respond Sat, 12 Jul 2025 19:14:21 +0000 https://earlybirdsinvest.com/scammers-pose-as-tech-firms-to-drain-crypto-wallets-darktrace-warns/

Darktrace, a cybersecurity firm, has warned that online scammers are using fake startups to steal cryptocurrency from unsuspecting users.

According to the findings shared on July 10, the attackers use methods similar to those seen in “Traffer Group” campaigns, which are known for stealing account details and other sensitive data through malicious software.

This scam works by creating fake companies that claim to work in areas like artificial intelligence (AI), gaming, Web3, and social media. These fake start-ups use hacked X accounts to contact people and also publish posts on Medium and GitHub to make their projects look real.

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Darktrace explained in the report that victims are usually approached through private messages on X, Telegram, or Discord. The cybersecurity firm noted:

A fake employee of the company will contact a victim asking to test out their software in exchange for a cryptocurrency payment.

The attackers then send a link to download the malicious software. When victims install it, a Cloudflare security screen appears, while the program secretly begins collecting data from the computer.

As part of this process, the malware steals the victim’s cryptocurrency wallet credentials. Both Windows and Mac users have been affected, the report stated.

On July 8, BitMEX



$51.24K

Research reported that a Bitcoin
BTC


$117,573.51

wallet linked to the Mt. Gox hack has become the target of a new scam. How? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Impersonator Uses AI to Pose as Marco Rubio, Contacts Officials Via Signal https://earlybirdsinvest.com/impersonator-uses-ai-to-pose-as-marco-rubio-contacts-officials-via-signal/ https://earlybirdsinvest.com/impersonator-uses-ai-to-pose-as-marco-rubio-contacts-officials-via-signal/#respond Thu, 10 Jul 2025 01:55:18 +0000 https://earlybirdsinvest.com/impersonator-uses-ai-to-pose-as-marco-rubio-contacts-officials-via-signal/

Someone pretending to be US Secretary of State Marco Rubio has contacted several government officials using artificial intelligence (AI) tools to copy his voice and writing.

According to a State Department report shared with The Washington Post, the fake messages were sent to three foreign ministers, a US governor, and a member of Congress.

The messages came through regular texts and the encrypted app Signal. The impersonator used the name “[email protected]” on Signal, but this was not a real government account.

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The goal of the messages, according to US officials, was likely to trick recipients into sharing private information or granting access to their accounts.

This impersonation attempt started around mid-June. In at least two cases, the actor left voice messages using an AI-generated version of Rubio’s voice. One person also received a written message inviting them to continue the conversation on Signal.

When asked about the case, the State Department stated that it is conducting a thorough investigation and exploring ways to prevent similar activity. Officials did not reveal the content of the messages or the names of those contacted.

Additionally, the State Department memo told US diplomats to report any suspicious activity to their security team. Those outside the department are asked to contact the FBI’s Internet Crime Complaint Center if they receive anything similar.

Recently, Meta’s content review board asked the company to remove a Facebook video featuring a fake version of Ronaldo Nazário promoting a game app. What did the board say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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$8,000 Disappears From a Couple’s Wells Fargo Account After Scammers Pose As the Bank’s Fraud Representatives: Report https://earlybirdsinvest.com/8000-disappears-from-a-couples-wells-fargo-account-after-scammers-pose-as-the-banks-fraud-representatives-report/ https://earlybirdsinvest.com/8000-disappears-from-a-couples-wells-fargo-account-after-scammers-pose-as-the-banks-fraud-representatives-report/#respond Fri, 20 Jun 2025 15:52:23 +0000 https://earlybirdsinvest.com/8000-disappears-from-a-couples-wells-fargo-account-after-scammers-pose-as-the-banks-fraud-representatives-report/

Scammers posing as Wells Fargo’s fraud representatives reportedly stole thousands of dollars from a Texas couple’s bank account.

Joan Leon, of Kingwood, Texas, says she received a call that looked like it was coming from her local Wells Fargo branch, making her trust the caller, reports Fox26 Houston.

Leon says she was told to cut her bank card in half, and that someone with the Wells Fargo fraud department would come by and pick it up. Leon says she did as directed, only to learn later that the scammer used the card at a nearby Kroger to drain the account of $8,000.

Initially, Leon says Wells Fargo refused to reimburse the stolen funds and that the bank even accused her of being complicit in the theft.

However, the bank later reversed its decision and reimbursed the stolen money.

Her husband, Michael Leon, says the bank reversed its decision only after he told them that “if we don’t get our money back, we are going to make it our goal to get our money back.”

He says that’s why they reached out to the media to discuss the situation and filed a report with the Houston Police Department.

Wells Fargo had not responded to the media’s inquiry about the matter at time of writing.

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Hackers now pose as security companies to frame victims while stealing private keys https://earlybirdsinvest.com/hackers-now-pose-as-security-companies-to-frame-victims-while-stealing-private-keys/ https://earlybirdsinvest.com/hackers-now-pose-as-security-companies-to-frame-victims-while-stealing-private-keys/#respond Mon, 02 Jun 2025 11:02:25 +0000 https://earlybirdsinvest.com/hackers-now-pose-as-security-companies-to-frame-victims-while-stealing-private-keys/

Cybercriminals are adopting increasingly deceptive tactics to target crypto users, with some now posing as blockchain security companies.

Their aim is to steal assets and implicate their victims in the process, making it harder for them to seek redress.

This evolution comes amid a sharp rise in crypto-related losses. In May 2025 alone, hackers and fraudsters drained over $244 million from users, according to blockchain security firm PeckShield.

That brings total year-to-date losses to more than $2 billion, underlining just how effective these schemes have become.

Security companies impersonators

Yu Xian, founder of blockchain security firm SlowMist, raised the alarm on June 1 after exposing a list of fraudulent X (formerly Twitter) accounts.

These accounts, he said, pretend to represent trusted security services while secretly working to compromise their targets.

He added:

“These are criminal gangs that claim to be able to help users solve security issues such as wallet theft, but then cause users to suffer secondary harm.”

These fraudsters often lure victims by commenting under public threads where users report wallet thefts. They then direct them to fake signature-checking tools.

The fake tools often mimic platforms like Revoke, creating confusion and urgency among users. Even when they cross-check with legitimate services, they might still fall victim, believing the phishing tool uncovered something the others missed.

SlowMist noted that these impersonators also copy the profiles of real security experts, such as ZachXBT, to gain trust. Their strategy relies on speed, panic, and believability, leaving little room for victims to think critically.

Considering this, Xian advised:

“I hope everyone will not be robbed. If you are accidentally robbed, you must remain calm and do not trust anyone easily.”

Victims are now being framed

Beyond stealing funds, some attackers now try to implicate their victims in their illicit activities.

Xian noted that scammers sometimes plant misleading clues to make the victim appear involved in fraudulent activity. According to him, these tactics are designed to frustrate law enforcement efforts and cause additional trauma for victims.

To counter this, Xian recommended that victims publicly share their wallet addresses, either fully or partially masked. Doing so could help investigators verify ownership and prevent misidentification during probes.

Mentioned in this article
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Luna Moth extortion hackers pose as IT help desks to breach US firms https://earlybirdsinvest.com/luna-moth-extortion-hackers-pose-as-it-help-desks-to-breach-us-firms/ https://earlybirdsinvest.com/luna-moth-extortion-hackers-pose-as-it-help-desks-to-breach-us-firms/#respond Tue, 06 May 2025 03:01:02 +0000 https://earlybirdsinvest.com/luna-moth-extortion-hackers-pose-as-it-help-desks-to-breach-us-firms/

Mothman

The data-theft extortion group known as Luna Moth, aka Silent Ransom Group, has ramped up callback phishing campaigns in attacks on legal and financial institutions in the United States.

According to EclecticIQ researcher Arda Büyükkaya, the ultimate goal of these attacks is data theft and extortion.

Luna Moth, known internally as Silent Ransom Group, are threat actors who previously conducted BazarCall campaigns as a way to gain initial access to corporate networks for Ryuk, and later, Conti ransomware attacks.

In March 2022, as Conti started to shut down, the BazarCall threat actors separated from the Conti syndicate and formed a new operation called Silent Ransom Group (SRG).

Luna Moths’s latest attacks involve impersonating IT support through email, fake sites, and phone calls, and rely solely on social engineering and deception, with no ransomware deployment seen in any of the cases.

“As of March 2025, EclecticIQ assesses with high confidence that Luna Moth has likely registered at least 37 domains through GoDaddy to support its callback-phishing campaigns,” reads the EclecticIQ report.

“Most of these domains impersonate IT helpdesk or support portals for major U.S. law firms and financial services firms, using typosquatted patterns.”

Luna Moth targets in the past 12 months
Luna Moth targets in the past 12 months
Source: EclecticIQ

The latest activity spotted by EclecticIQ starts in March 2025, targeting U.S.-based organizations with malicious emails that contain fake helpdesk numbers recipients are urged to call to resolve non-existent problems.

A Luna Moth operator answers the call, impersonating IT staff, and convinces the victim to install remote monitoring & management (RMM) software  from fake IT help desk sites that gives the attackers remote access to their machine.

The fake help desk sites utilize domain names that follow naming patterns like [company_name]-helpdesk.com and [company_name]helpdesk.com.

Fake IT support site
Fake IT support site
Source: EclecticIQ

Some tools abused in these attacks are Syncro, SuperOps, Zoho Assist, Atera, AnyDesk, and Splashtop. These are legitimate, digitally signed tools, so they’re unlikely to trigger any warnings for the victim.

Once the RMM tool is installed, the attacker has hands-on keyboard access, allowing them to spread to other devices and search local files and shared drives for sensitive data. 

Having located valuable files, they exfiltrate them to attacker-controlled infrastructure using WinSCP (via SFTP) or Rclone (cloud syncing).

After the data is stolen, Luna Moth contacts the victimized organization and threatens to leak it publicly on its clearweb domain unless they pay a ransom. The ransom amount varies per victim, ranging from one to eight million USD.

Luna Moth's victim extortion site
Luna Moth’s extortion site
Source: BleepingComputer

Büyükkaya comments on the stealth of these attacks, noting that they involve no malware, malicious attachments, or links to malware-ridden sites. The victims simply install an RMM tool themselves, thinking they are receiving help desk support. 

As the enterprise commonly uses these RMM tools, they are not flagged by security software as malicious and are allowed to run.

Indicators of compromise (IoCs), including IP addresses and phishing domains that should be added to a blocklist, are available at the bottom of EclecticIQ’s report.

Apart from the domains, it is also recommended to consider restricting the execution of RMM tools that are not used in an organization’s environment.

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Based on an analysis of 14M malicious actions, discover the top 10 MITRE ATT&CK techniques behind 93% of attacks and how to defend against them.

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Corporate Bitcoin holdings concentrated in few custodians pose systemic risk https://earlybirdsinvest.com/corporate-bitcoin-holdings-concentrated-in-few-custodians-pose-systemic-risk/ https://earlybirdsinvest.com/corporate-bitcoin-holdings-concentrated-in-few-custodians-pose-systemic-risk/#respond Thu, 10 Apr 2025 20:19:36 +0000 https://earlybirdsinvest.com/corporate-bitcoin-holdings-concentrated-in-few-custodians-pose-systemic-risk/

As Bitcoin’s (BTC) appeal as a treasury asset grows, Casa co-founder and CSO Jameson Lopp assessed that concentrating the amount of BTC on a few custody service providers might pose a systemic risk. 

Lopp said:

“The ‘Bitcoin Corporate Treasury’ narrative is a footgun if it’s not accompanied by the sovereignty via self custody narrative. Number Go Up folks are pitching companies to funnel their funds into a handful of trusted third parties. Systemic Risk Go Up.”

This is not the first time Lopp has raised concerns over custody this week. He previously questioned whether a third party would act as custodian in response to Pierre Rochard’s announcement of the Bitcoin Bond Company on April 7. The firm plans to invest up to $1 trillion in Bitcoin until 2046.

Rochard said there are already “lots of great institutional custodians to work with.”

Structural vulnerability with no easy fix

Based on Bitcoin Treasuries data, public and private companies currently hold 1,019,136 BTC in their treasuries. This amount equals 32.3% of the 3,150,000 BTC controlled by large entities and 5.13% of the total 19,849,381 BTC in circulation. 

The expanding role of custodians in managing institutional Bitcoin positions parallels patterns observed in traditional finance. 

Institutions typically rely on licensed custodians to meet internal governance requirements and regulatory compliance.

Strategy executive president Michael Saylor highlighted this usage in October 2024 when he said that the risk of government seizure of Bitcoins is lower when held with institutional custodians. Saylor said they “adhere to legal and tax obligations.” 

Saylor’s company has over 528,000 BTC in its treasury, divided between custodians such as Fidelity, Anchorage Digital, and Coinbase Prime.

Notably, these are the same services used by high-profile entities interacting with Bitcoin, such as BlackRock, which relies on Coinbase and recently added Anchorage.

While this may streamline treasury management, it creates single points of failure in a network built for distributed control, such as Bitcoin. 

However, the solution might not be as simple as self-custody. Kaia’s chairman Sangmin Seo highlighted that, although the lack of self-custody introduces risks, “sovereignty without usability creates friction.”

He concluded:

“Infra builders need to solve both, or we’re just rebranding old models.”

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Scammers Pose as Binance to Steal Crypto in Australia—Authorities Take Action https://earlybirdsinvest.com/scammers-pose-as-binance-to-steal-crypto-in-australia-authorities-take-action/ https://earlybirdsinvest.com/scammers-pose-as-binance-to-steal-crypto-in-australia-authorities-take-action/#respond Thu, 20 Mar 2025 13:53:55 +0000 https://earlybirdsinvest.com/scammers-pose-as-binance-to-steal-crypto-in-australia-authorities-take-action/

Australian officials have stepped in to stop a crypto scam that pretended to be representatives of Binance



$11.67B

, using fake messages to convince victims that their accounts were at risk.

More than 130 people have been identified as potential targets of the scam, according to a joint effort by the Australian Federal Police (AFP), the National Anti-Scam Centre (NASC), and Binance Australia.

Authorities are urging affected users to report the incident immediately. Victims should contact their bank or crypto exchange and file a complaint through ReportCyber, referencing AFP-068.

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The fraudsters sent text messages and encrypted chat app notifications, claiming that user accounts had been compromised.

These messages looked like part of real conversations with Binance and included fake verification codes along with a support phone number. When victims called, they were directed to move their crypto into a so-called “trust wallet”.

By the time authorities detected the fraud, the stolen assets had already been funneled through multiple wallets, which made recovery nearly impossible. This scam was uncovered through Operation Firestorm, a global initiative launched to disrupt cybercriminal networks targeting Australians.

Graeme Marshall, AFP Commander Cybercrime Operations, emphasized the importance of early intervention:

The AFP has worked closely with our partners at the NASC to ensure any victims in Australia targeted by these scammers were identified swiftly and given advice to help protect their cryptocurrency accounts.

Meanwhile, on March 4, Binance announced that it would stop offering nine stablecoins to users in the European Economic Area (EEA). What happened? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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ESM chief warns Trump’s crypto policies pose risk to EU monetary sovereignty https://earlybirdsinvest.com/esm-chief-warns-trumps-crypto-policies-pose-risk-to-eu-monetary-sovereignty/ https://earlybirdsinvest.com/esm-chief-warns-trumps-crypto-policies-pose-risk-to-eu-monetary-sovereignty/#respond Tue, 11 Mar 2025 11:12:00 +0000 https://earlybirdsinvest.com/esm-chief-warns-trumps-crypto-policies-pose-risk-to-eu-monetary-sovereignty/

European Stability Mechanism (ESM) managing director Pierre Gramegna said that President Donald Trump’s administration’s favorable stance toward crypto, particularly dollar-backed stablecoins, could challenge Europe’s monetary autonomy, Bloomberg News reported on March 10.

Gramegna warned that the changing US stance could encourage both foreign and American technology firms to pursue large-scale payment solutions using dollar-denominated stablecoins. 

He added:

“And if this were to be successful, it could affect the euro area’s monetary sovereignty and financial stability.”

US dollar-pegged stablecoins have a combined market cap of over $224 billion and play a significant role in global finance, moving over $4 trillion over the past 30 days, according to Artemis data

Accelerating the digital euro

In response to these concerns, the ESM supports the European Central Bank’s (ECB) accelerated efforts to develop and implement a digital euro. 

It aligns with ECB board member Piero Cipollone’s remarks from Jan. 24, when he said that the central bank must accelerate the push for the digital euro to respond to Trump’s push to promote dollar-backed stablecoins globally.

Cipollone’s remarks followed the first crypto-related executive order signed by the US President on Jan. 23. This order prohibited federal agencies from pursuing a central bank digital currency (CBDC) and laid a framework to bolster the adoption of dollar-backed stablecoins worldwide.

Gramegna highlighted the urgency of the initiative, stating that a European CBDC is essential to maintaining financial autonomy and stability in the region. The decision on the digital euro will be a key moment in Europe’s strategy to navigate the evolving global digital asset landscape.

Trump executive orders

Last week, Trump’s administration deepened its efforts in the crypto industry by signing a second executive order establishing a Strategic Bitcoin (BTC) Reserve and a Digital Asset Stockpile.

The vaults will hold crypto seized in legal proceedings and will be managed by the Treasury. The reserve will serve as a long-term holding, with the Treasury directed to accumulate more Bitcoin in a budget-neutral manner.

Trump has also signalled that stablecoins will be a fundamental part of America’s economic plan to ensure the US dollar maintains its dominance as the global reserve currency.

The ECB, in contrast, has remained firm in its rejection of Bitcoin as a reserve asset. During a speech to the central bank members, ECB President Christine Lagarde said that reserves have to be liquid, secure, and safe and should not be “plagued by the suspicion of money laundering or other criminal activities.”

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