CoinMarketCap Hacked; 16B Credentials Leak

Author

Alpha Team
June 21, 2025

CoinMarketCap Breach, 16B Leak Expose Risks

CoinMarketCap Security Breach: On June 20, 2025, CoinMarketCap reported a front-end breach with malicious wallet pop-ups. "Do NOT connect your wallet," the team warned via X. The malicious code was removed, and an investigation into a backend API flaw tied to the doodles feature continues. Users should be cautious until the investigation is complete. This incident follows headlines of a 16 billion credential leak affecting crypto users.

Massive Credentials Leak: Headlines on June 19, 2025, claimed a 16 billion credential leak was "one of the largest data breaches in history." BleepingComputer clarified it’s not a new breach but a compilation of credentials from infostealers, data breaches, and credential-stuffing attacks. These credentials, circulating for years, were repackaged into datasets exposed online. Cybernews noted an infostealer format but didn’t share samples, leaving the data’s scope unclear.

Stay Safe in Crypto: Though the credential leak potentially involves old data, you should adopt good cybersecurity practices. Scan devices for malware, use unique passwords, potentially with a password manager like Tether’s upcoming PearPass. Enable 2FA with apps like Google Authenticator, not SMS. Check if your credentials have appeared in known breaches with services like Have I Been Pwned. Read More.

️ On today's Top Picks:

  1. 🔜 Bloomberg ETF analysts raise approval odds for crypto ETF filings.
  2. ⌛ PumpFun reportedly postpones token auction & listing to mid-July.
  3. 🪂 Newton to launch $NEWT next week with potential airdrop.
  4. 🔥 US President Trump threatens to fire Fed Chair Jerome Powell.

Read time: ⏰ 5 minutes


Crypto News


• ⭐️ Bloomberg ETF analysts raise approval odds for majority of spot crypto $SOL $XRP $DOGE ETF filings to 90% or higher; though uncertain if approvals are in the next few months or until later this year.

• ⭐️ PumpFun reportedly postpones token auction & listing to mid-July; Pumpfun is also reportedly selling token allocations to various crypto funds.

• Kraken relocates HQ to US State of Wyoming; Kraken CEO Arjun Sethi cites Wyoming's crypto-friendly laws & supportive environment.

• DT Marks DeFi LLC, a firm associated with US President Trump, reduces stake in World Liberty Financial $WLFI from 60% to 40%; reduced stake from 75% to 60% in December 2024.

Alpha


• Katana to launch mainnet on June 30th; Katana Krate deposits end on June 23rd.

• INTMAX to launch mainnet on June 26th; INTMAX is a stateless Ethereum Layer 2, combining privacy, speed, and self-custody.

• Camp Network TrailHeads NFT mint Phase 1 mints out; Phase 2 to be whitelist only; secure TrailHeads Phase 2 whitelist by participating in Camp Summit Series campaigns.

• YO launches YO Points leaderboard; 5x points multiplier boost is live.

Airdrops


• Weekly Airdrop Recap (June 14th) by Earndrop.

• ⭐️ Newton to launch $NEWT next week; to potentially launch an airdrop alongside token launch.

• Blum launches $BLUM airdrop eligibility & allocation checker; Blum users are eligible; to launch claim soon.

• ICYMI Weekly Airdrop Recap (June 7th) by Earndrop.

• ICYMI Spark launches $SPK airdrop claim; SparkLend users, various stablecoin holders, & more are eligible; claim ends on July 22nd.

Finance News


• ⭐️ US President Trump threatens to fire Federal Reserve Chair Jerome Powell; says Powell would save the US $1 Trillion per year if interest rates were reduced.

• Coinbase $COIN secures MiCA licence from Luxembourg CSSF; to offer products & services across all 27 EU countries.

• SOL Strategies $HODL.CN files with US SEC for potential Nasdaq listing; currently holds 420,000 Solana $SOL worth ~$59M.

• X to launch investment & trading directly within the app; to roll out in the US first; also exploring the introduction of an X credit or debit card.

Security and Exploits


• ⭐️ CoinMarketCap website was briefly compromised; team identified & removed malicious code; team continues to investigate.

• 16B Credentials Leak is NOT a new data breach; leak appears to be a compilation of previously leaked credentials.

• US Government seizes $225M worth of crypto linked to crypto investment scams; marks the largest crypto seizure in US Secret Service history.

• Tether CEO Paolo Ardoino announces Pearpass, a fully local, open-source password manager; to launch soon.

• Cloudflare blocks record-breaking 7.3 Tbps DDoS attack; involved over 122,000 source IPs spread across 5,433 autonomous systems in 161 countries.

Token Unlocks


• Sonic $S / ~$15M / JUN 18th
• Space ID $ID / ~$11M / JUN 22nd
• Blast $BLAST / ~$24M / JUN 26th
Sourced from Tokenomist


Funding


• Project 11 raises $6M in Seed funding led by Variant & Quantonation.

• Wildcard raises $6M in funding from Paradigm & Arbitrum Gaming Ventures.

• Stackup raises $4.2M in Seed funding led by 1kx.

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That’s it for today’s edition! See you soon.

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