North Korean Hackers Once Had Months-Long Offline Contact with Drift Employee, Eventually Carrying Out $285 Million Social Engineering Attack
On May 1, ahead of the Drift Protocol attack, North Korean hackers spent months conducting offline outreach and infiltrating company employees—ultimately pulling off one of the crypto industry’s largest-ever social engineering attacks, which resulted in roughly $285 million in losses.
Blockchain security firm TRM Labs’ data indicates that as of 2026, North Korean hackers have accounted for 76% of all cryptocurrency hacking losses.
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Iranian Foreign Ministry: Expecting Swift Iran-US Negotiations to Reach Outcome Not Realistic
On May 1, Iranian Foreign Ministry Spokesperson Baghaei said a quick negotiated settlement between Iran and the United States is unrealistic.
He noted Iran has deep mistrust and suspicion of U.S. actions, accumulated over 47 years since the Islamic Revolution’s victory. He emphasized results won’t come quickly, stating: “After all, this is an extremely bloody conflict.”
Baghaei labeled the U.S. and Israel “extremely cruel,” citing the Gaza Strip and Lebanon conflicts over the past two and a half years. “Whoever the mediator is, an agreement in the short term is unrealistic under these circumstances,” he added.
(CCTV)
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Caixin: Prominent Female Lawyer in Chongqing Missing, Possibly Connected to Mayor Hu Xinghua Stablecoin Bribery Money Laundering Case
**May 1st**
Peng Jing, founding partner and director of Chongqing Jingsheng Law Firm, has been detained for investigation by authorities, Caixin reported Wednesday, citing multiple independent sources. The probe is linked to cases involving former Chongqing Mayor Hu Henghua and Luo Lin (a member of the Chongqing Municipal Committee and secretary of the Liangjiang New Area Party Committee).
Sources in Chongqing’s political and business circles said Hu and Luo’s downfalls stemmed from bribery and money laundering involving stablecoins, with Peng allegedly assisting in fund management under the guise of “legal fees.”
Lin Kechuang—son-in-law of Lin Xiucheng—once transferred $30.8 million in USDT (equivalent to ~210 million yuan) to Hu, the sources added. After Hu was investigated, authorities seized his cold wallet and traced funds in six other cold wallets linked to Lin Kechuang; $15.5 million in USDT from those wallets was reportedly transferred to Luo.
Following Luo’s detenti
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Cooker.hl sold 45,786 HYPE at an average price of $39.39 per coin.
On May 1, per OnchainLens data, the address Cooker.hl (@CookerFlips) sold 45,786 HYPE tokens at an average price of $39.39 over the past 24 hours—netting roughly 1.8 million USDC, which was then deposited into Coinbase.
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Hormuz Blockade Enters Third Month: US Considers New Military Action, Iran Warns of 'Long and Painful Strike'
May 1
Tensions between the U.S. and Iran are escalating as the Strait of Hormuz blockade enters its third month.
A top official with Iran’s Islamic Revolutionary Guard Corps (IRGC) told Reuters that any new U.S. attacks on Iran—even limited ones—will trigger a “prolonged and painful strike” against American military bases and vessels.
U.S. President Trump is set to receive a briefing Thursday (local time) on a new round of military strikes against Iran. Axios also reported that some U.S. plans include deploying ground troops to seize parts of the strait to restore commercial shipping.
The strait remains blocked, disrupting roughly 20% of global oil and gas supplies and pushing international energy prices steadily higher. Iran’s Supreme Leader Ayatollah Ali Khamenei has stated Iran will maintain “absolute control” over the strait, warning foreign forces will “only end up at the bottom of the sea.”
The U.S. is pushing for an international coalition called the “Maritime Sec
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