Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

May 1st — According to a new report from TRM Labs, North Korean-linked hackers stole nearly $600 million in cryptocurrency last April through attacks on Drift Protocol and Kelp DAO, accounting for 76% of total crypto hack losses that month. TRM Labs estimates the group has stolen more than $6 billion from crypto protocols and projects since 2017. The report also notes the hackers’ share of global crypto hack losses has grown from less than 10% in 2020 and 2021 to 22% in 2022, 37% in 2023, 39% in 2024, and 64% in 2025.

On May 1, OpenAI CFO Sarah Friar pushed back against rumors that the company had missed internal sales and user targets, per monitoring from Dynamic Beating. In an interview, Friar noted the company is "executing at the highest level against our plan" and described product demand as a "vertical wall." She added: "How we hit our goals often shifts by period—this is still a young industry, so we can’t perfectly forecast all metrics." (Source: Bloomberg)

May 1st, U.S. federal prosecutor Jeanine Pirro in Washington, D.C. released edited surveillance video of the Trump assassination attempt on X. The video shows perpetrator Cole Allen shooting a Secret Service officer during the attempted assassination at the White House Correspondents' Dinner. Pirro explicitly denied the Secret Service officer was injured by friendly fire. It also shows Allen scouting the Washington Hilton’s fitness center and corridors the day prior, conducting on-site reconnaissance. Controversy has arisen over public criticism of U.S. Secret Service security measures following the shooting—including that police dogs detected anomalies multiple times without proper follow-up, and on-site personnel responded with delays. U.S. Secret Service Director Sean Corwin previously stated Allen was not subdued by Secret Service gunfire; instead, he tripped over a metal detector box while running past an exterior venue checkpoint. Corwin also confirmed none of the five s

Per Arkham Monitor, a suspected multicoin address recently engaged in swing trading HYPE. The address accumulated HYPE via Galaxy Digital during the asset’s hype phase, selling roughly $23 million worth of HYPE three weeks ago—around the peak of the hype cycle. It still holds 680,000 HYPE, equivalent to $27.4 million.

On May 1, per Farside Investors monitoring data, U.S. Bitcoin spot ETFs saw a net inflow of $23.5 million yesterday. IBIT recorded a net inflow of $19.1 million, while FBTC had a net inflow of $26.6 million. Ethereum ETFs posted a net outflow of $23.7 million, with ETHA registering a net outflow of $50.6 million.

On May 1, Democratic Sens. Elizabeth Warren and Ron Wyden are pressing for accountability over Tether’s alleged bribery of U.S. Commerce Secretary Howard Lutnick. Reports state Tether provided an undisclosed loan amount to a trust fund benefiting Lutnick’s children, and Cantor Fitzgerald—where Lutnick previously worked—was also a custodian of Tether’s reserves. Warren and Wyden further noted the recently passed “Genius Act” benefited Tether, adding Tether had lobbied in support of the bill—suggesting potential cronyism.