Solana Co-founder: Everything that generates income should have a token

The post Crypto whale loses $6M to sneaky phishing scheme targeting staked Ethereum appeared on BitcoinEthereumNews.com. A crypto whale lost more than $6 million in staked Ethereum (stETH) and Aave-wrapped Bitcoin (aEthWBTC) after approving malicious signatures in a phishing scheme on Sept. 18, according to blockchain security firm Scam Sniffer. According to the firm, the attackers disguised their move as a routine wallet confirmation through “Permit” signatures, which tricked the victim into authorizing fund transfers without triggering obvious red flags. Yu Xian, founder of blockchain security company SlowMist, noted that the victim did not recognize the danger because the transaction required no gas fees. He wrote: “From the victim’s perspective, he just clicked a few times to confirm the wallet’s pop-up signature requests, didn’t spend a single penny of gas, and $6.28 million was gone.” How Permit exploits work Permit approvals were originally designed to simplify token transfers. Instead of submitting an on-chain approval and paying fees, a user can sign an off-chain message authorizing a spender. That efficiency, however, has created a new attack surface for malicious players. Once a user signs such a permit, attackers can combine two functions—Permit and TransferFrom—to drain assets directly. Because the authorization takes place off-chain, wallet dashboards show no unusual activity until the funds move. As a result, the assets are gone when the approval executes on-chain, and tokens are redirected to the attacker’s wallet. This loophole has made permit exploits increasingly attractive for malicious actors, who can siphon millions without needing complex hacks or high-cost gas wars. Phishing losses The latest theft highlights a wider trend of escalating phishing campaigns. Scam Sniffer reported that in August alone, attackers stole $12.17 million from more than 15,200 victims. That figure represented a 72% jump in losses compared with July. According to the firm, the most significant share of August’s damages came from three large accounts that accounted for nearly half…

The post 1000x Potential in 2025? DOGE, SHIBA INU, PEPE & MAGACOIN Finance Lead Meme Coin Pack appeared on BitcoinEthereumNews.com. Meme coins are back in focus as traders search for the next big opportunity in 2025. Dogecoin, PEPE, and Shiba Inu remain strong names, but a new project is gaining more attention. MAGACOIN FINANCE has quickly become the meme coin people are talking about due to its audits, community backing, and fast-growing presale. Dogecoin (DOGE) Dogecoin rebounded this week following a weak start. The coin decreased to $0.21, but whales took advantage, taking hold of approximately 680 million DOGE in August. Trade volume skyrocketed towards the end and resulted in the price climbing back up towards the end of the week to around $0.22. Technical traders are now closely watching —if DOGE can flip $0.22 into support, a move toward $0.23–$0.24 looks possible. The bigger question is whether the recovery will be sustainable since the issue of Qubic being potentially under a 51% attack remains concerning. Whales are currently betting on DOGE to keep the mantle of being the largest meme coin in market size. Pepe (PEPE) PEPE remains among the most notable meme tokens. Constructed around nostalgia and internet culture, it had found its niche in the market and still managed to garner interest. The coin has been falling along with the rest of the market but has managed to stay afloat in regard to liquidity and market cap. It is viewed as a more stable meme coin by many traders. Should meme coin hype re-emerge later in 2025, PEPE will be capable of moving to new heights. This is the reason why many long-term investors are currently hoarding more PEPE. Shiba Inu (SHIB) Shiba Inu has been experiencing pressure, as it dropped by 9% in the last week. It has a market capitalization of $7.3 billion, well below its December high of $20 billion. Nevertheless, there are also…

X to take down crypto scam syndicate to ensure platform's 'absolute integrity.'