{"id":71361,"date":"2026-04-19T11:13:44","date_gmt":"2026-04-19T11:13:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rebounds-but-cryptos-security-crisis-intensifies\/"},"modified":"2026-04-19T11:13:44","modified_gmt":"2026-04-19T11:13:44","slug":"bitcoin-rebounds-but-cryptos-security-crisis-intensifies","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-rebounds-but-cryptos-security-crisis-intensifies\/","title":{"rendered":"Bitcoin Rebounds, But Crypto\u2019s Security Crisis Intensifies"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"order-8 md:order-5 article__body leading-text\">\n<p data-start=\"0\" data-end=\"14\"><strong>This editorial is from last week\u2019s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it\u2019s finished. The newsletter also includes the biggest stories of the week with a comment on each story.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"order-6 mb-4 md:order-6\">\n<div class=\"flex flex-col gap-3 lg:flex-row lg:gap-4 lg:justify-between lg:items-end\">\n<div>\n<div>\n<div class=\"flex flex-row flex-wrap items-center gap-3\">\n<p data-start=\"0\" data-end=\"52\"><strong>Key Takeaways:<\/strong><\/p>\n<ul data-start=\"54\" data-end=\"354\" data-is-last-node=\"\" data-is-only-node=\"\">\n<li data-section-id=\"2voysw\" data-start=\"54\" data-end=\"152\"> <span>Bitcoin<\/span> rose 4% as <span>BTC<\/span>, <span>ETH<\/span>, and <span>SOL<\/span> gained, showing risk appetite despite oil and macro stress.<\/li>\n<li data-section-id=\"1w5oenv\" data-start=\"153\" data-end=\"254\">Kraken, CoW Swap, and Hyperbridge hacks hit trust; Ethereum Foundation launched audit support next.<\/li>\n<li data-section-id=\"v97dxy\" data-start=\"255\" data-end=\"354\" data-is-last-node=\"\">Bitfinex said <span>whale<\/span> buying is the strongest since 2013; <span>Bitcoin<\/span> may test $90K as supply tightens.<\/li>\n<\/ul>\n<h2>Week in Review<\/h2>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><span style=\"font-weight:400\"> <span>Bitcoin<\/span> finished the week up over 4%, ethereum up 6%, and <span>solana<\/span> up 7%. This seems great if you avoid remembering that both the S&amp;P 500 and the Nasdaq broke new all-time highs yet again, despite the extreme uncertainty. <\/span><\/p>\n<p><span style=\"font-weight:400\"> <span>Gold<\/span> printed a modest green weekly candle while silver traded slightly down on the week. <span>BTC<\/span>\u2019s rebound, combined with the indices\u2019 unlikely break, suggests a return of fresh risk appetite.<\/span><\/p>\n<p><span style=\"font-weight:400\">Kevin Warsh, the presumptive next Fed Chair, <\/span><a href=\"https:\/\/news.bitcoin.com\/ethics-filing-fed-chair-pick-kevin-warsh-lists-estee-lauder-wealth-and-crypto-stakes\/\"><span style=\"font-weight:400\">disclosed<\/span><\/a><span style=\"font-weight:400\"> ownership across more than 30 <span>crypto<\/span> projects, which <span>crypto<\/span> market participants, desperate for any positive news, interpreted as <span>bullish<\/span> for the sector\u2019s policy future. Jeremy Allaire also sounded notably <span>bullish<\/span> on<\/span><a href=\"https:\/\/x.com\/jerallaire\/status\/2044036569405763752\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">Jakarta\u2019s future<\/span><\/a><span style=\"font-weight:400\">, a reminder that <span>crypto<\/span>\u2019s next growth story may come less from New York and more from cities where digital finance is being treated as infrastructure rather than ideology.<\/span><\/p>\n<p><span style=\"font-weight:400\">The flow of oil out of the Middle East remains blocked. A University of Chicago professor went viral warning of<\/span><a href=\"https:\/\/x.com\/professorpape\/status\/2043500697526649019?s=46&amp;t=4Yu3wvaLPzQD5rGOeliWGw\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">critical shortages<\/span><\/a><span style=\"font-weight:400\"> within ten days. <\/span><\/p>\n<p><span style=\"font-weight:400\">Despite positive price movements, unresolved geopolitical conflict, and an ongoing oil shortage, the biggest theme of the week in <span>crypto<\/span> was security, and the ongoing threat of hacks and exploits against digital assets. <\/span><\/p>\n<p><span style=\"font-weight:400\"> <span>Solana<\/span>\u2019s multisig application <\/span><a href=\"https:\/\/x.com\/SolanaFloor\/status\/2043784662128951452\/photo\/1\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">Squads<\/span><\/a><span style=\"font-weight:400\"> suffered a multisig incident. <\/span><a href=\"https:\/\/x.com\/CoWSwap\/status\/2044091639606522312?s=20\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">CoW Swap<\/span><\/a><span style=\"font-weight:400\"> had a DNS hijacking that compromised the frontend, although the backend remained safe. <\/span><\/p>\n<p><span style=\"font-weight:400\">Then came another incident. An exploiter allegedly hit a vulnerability in Hyperbridge,<\/span><a href=\"https:\/\/x.com\/certikalert\/status\/2043557571609731268?s=46&amp;t=4Yu3wvaLPzQD5rGOeliWGw\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">minted a billion DOT<\/span><\/a><span style=\"font-weight:400\">, and dumped it for <span>ETH<\/span>. This illustrates the costs of mistakes in <span>crypto<\/span>: when infrastructure breaks, the consequences can be immediate, absurd in scale, and brutally extractive. <\/span><\/p>\n<p><span style=\"font-weight:400\">Meanwhile, Kraken, one of the biggest and most regulated <span>crypto<\/span> exchanges in the world, is reportedly facing<\/span><a href=\"https:\/\/x.com\/c7five\/status\/2043720915330969743?s=20\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">criminal extortion<\/span><\/a><span style=\"font-weight:400\"> and believes criminal groups are trying to penetrate not just its organization, but other tech companies as well. <\/span><\/p>\n<p><span style=\"font-weight:400\">And over all of it hovered the sobering reality of the<\/span><a href=\"https:\/\/x.com\/zooko\/status\/2039060544829960677?s=20\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">AI security apocalypse<\/span><\/a><span style=\"font-weight:400\">. That\u2019s not an attempt at melodrama. AI may be lowering the cost of attack faster than the industry can raise the quality of defense.<\/span><\/p>\n<p><span style=\"font-weight:400\">The industry is starting to sound like it knows it has a problem.<\/span><a href=\"https:\/\/x.com\/i\/status\/2044767270262747250\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">Drift\u2019s restitution steps<\/span><\/a><span style=\"font-weight:400\"> were one of the clearest examples: a major protocol trying to make users whole after a hack, while also signaling that trust now has to be actively rebuilt, not assumed. Elsewhere, the Ethereum Foundation launched an<\/span><a href=\"https:\/\/x.com\/ethereumfndn\/status\/2044071450370298009\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">audit subsidy<\/span><\/a><span style=\"font-weight:400\"> for founders who need security reviews. <\/span><\/p>\n<p><span style=\"font-weight:400\">Making security a priority is coming slowly, though. @santiagoroel said on the Empire podcast that AI-driven hacks have made <span>DeFi<\/span><\/span><a href=\"https:\/\/x.com\/theempirepod\/status\/2044057753824498024?s=20\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">\u201cuninteresting\u201d now<\/span><\/a><span style=\"font-weight:400\">. That might actually be understated. <\/span><\/p>\n<p><span style=\"font-weight:400\">And yet, even with all of this, or perhaps because of this, <span>Bitcoin<\/span> is building a <span>bullish<\/span> case.<\/span><\/p>\n<p><span style=\"font-weight:400\">Bitfinex says <span>whales<\/span> are on their<\/span><a href=\"https:\/\/x.com\/bitfinex\/status\/2044385759243710613\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">biggest buying spree<\/span><\/a><span style=\"font-weight:400\"> since 2013, while exchange reserves have dropped to a 2017 low. Strong hands accumulating while liquid supply on exchanges keeps thinning out is typically a long-term bull\u2019s dream.<\/span><\/p>\n<p><span style=\"font-weight:400\">@TimDraper piled on with his<\/span><a href=\"https:\/\/x.com\/TimDraper\/status\/2044084901679600066?s=20\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">$250K call<\/span><\/a><span style=\"font-weight:400\">, arguing <span>Bitcoin<\/span> can clear that level within eighteen months. @McClellanOsc added another <span>bullish<\/span> data point, saying<\/span><a href=\"https:\/\/x.com\/mcclellanosc\/status\/2043509192108167320?s=46&amp;t=4Yu3wvaLPzQD5rGOeliWGw\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">smart money positioning<\/span><\/a><span style=\"font-weight:400\"> in futures suggests that <span>Bitcoin<\/span> has already formed its bottom. CryptoQuant CEO Ki Young Ju offered another framing, suggesting Michael Saylor\u2019s cost basis may be becoming the benchmark <\/span><a href=\"https:\/\/x.com\/ki_young_ju\/status\/2044045282388914542?s=46&amp;t=4Yu3wvaLPzQD5rGOeliWGw\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">value zone<\/span><\/a><span style=\"font-weight:400\"> for <span>BTC<\/span>. <\/span><\/p>\n<p><span style=\"font-weight:400\">As for a relief rally, @zerohedge claims <span>Bitcoin<\/span> is in the middle of<\/span><a href=\"https:\/\/x.com\/zerohedge\/status\/2043826897512005853\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">retesting $90K<\/span><\/a><span style=\"font-weight:400\"> after finally breaking its diagonal resistance.<\/span><\/p>\n<p><span style=\"font-weight:400\">Bitmine\u2019s growing dominance in <span>ETH<\/span> continued to hog center stage. The company <\/span><a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-technologies-bmnr-announces%5B%E2%80%A6%5Dypto-and-total-cash-holdings-of-11-8-billion-302740122.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">says<\/span><\/a><span style=\"font-weight:400\"> it now owns over 4% of supply and is closing in on its \u201cAlchemy of 5%\u201d target.<\/span><\/p>\n<p><span style=\"font-weight:400\">Following the alleged<\/span><a href=\"https:\/\/x.com\/diststateandme\/status\/2042384836418289931?s=46&amp;t=4Yu3wvaLPzQD5rGOeliWGw\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">rug<\/span><\/a><span style=\"font-weight:400\"> in Bittensor\u2019s subnet 3 (SN3), TAO had another down week, while @AlgodTrading is no longer <\/span><a href=\"https:\/\/x.com\/AlgodTrading\/status\/2044553987832029694\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">as optimistic<\/span><\/a><span style=\"font-weight:400\"> as he was before. <\/span><\/p>\n<p><span style=\"font-weight:400\">Not all risk appetite disappeared. It just showed up in more degenerate places.<\/span><\/p>\n<p><span style=\"font-weight:400\">A<\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/ravedao?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd30\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">random shitcoin<\/span><\/a><span style=\"font-weight:400\"> called RaveDAO (RAVE) is up 6113.5% in the last month and has climbed to the 26th-largest coin by <span>market cap<\/span>. That is the sort of thing that makes the whole market look both alive and mentally ill at the same time. ZaxhXBT essentially <\/span><a href=\"https:\/\/x.com\/zachxbt\/status\/2043892735418216486\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">labeled<\/span><\/a><span style=\"font-weight:400\"> the project a scam.<\/span><\/p>\n<p><span style=\"font-weight:400\">Meanwhile, Arkham reported that an anonymous person on CT with 5,000 followers made<\/span><a href=\"https:\/\/x.com\/arkham\/status\/2043979263192510560\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\"> $30 million shorting shitcoins<\/span><\/a><span style=\"font-weight:400\">. Signs of life in the <span>NFT<\/span> space are yet to be found. Steve Aoki sold <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-nfts\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">NFTs<\/a> he bought for $800,000 for just<\/span><a href=\"https:\/\/x.com\/arkham\/status\/2043602795732091135?s=46&amp;t=4Yu3wvaLPzQD5rGOeliWGw\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">$13.8K total<\/span><\/a><span style=\"font-weight:400\">. <\/span><\/p>\n<p><span style=\"font-weight:400\">One of the more important background stories this week is that <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a><\/span><a href=\"https:\/\/x.com\/dantwany\/status\/2042694249603547174?s=20\" target=\"_blank\" rel=\"noopener noreferrer\"> <span style=\"font-weight:400\">investors stopped writing<\/span><\/a><span style=\"font-weight:400\"> checks. In 2022, 5,345 unique investor names appeared in deals, but in the last 90 days, that number shrank to 377. That stat should matter more than it probably will in the moment.<\/span><\/p>\n<p><span style=\"font-weight:400\">A market can rally while venture appetite dries up. In fact, that combination often tells you something useful: liquid names may still run, but the willingness to finance new risk is fading. That is usually a sign that investors are becoming more selective, more skeptical, or both.<\/span><\/p>\n<p><span style=\"font-weight:400\">That also helps explain why hacks feel especially toxic right now. Security failure is no longer happening in an environment of abundant patience and endless capital. It is happening in an environment where trust is already scarce.<\/span><\/p>\n<p><span style=\"font-weight:400\">This was also a week where macro kept pushing its way into the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> frame.<\/span><\/p>\n<p><span style=\"font-weight:400\">These stories may feel disconnected, but they are not. They all point to the same world: one where political transition, supply strain, regional adoption, and monetary risk are blending together. <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Crypto<\/a> no longer lives outside that world. It is one of the clearest mirrors of it.<\/span><\/p>\n<p><i><span style=\"font-weight:400\">-Alex Richardson<\/span><\/i><\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-rebounds-but-cryptos-security-crisis-intensifies-week-in-review\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) This editorial is from last week\u2019s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it\u2019s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Key Takeaways: Bitcoin rose 4% as [&hellip;]<\/p>\n","protected":false},"author":3947362401,"featured_media":71362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71361"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362401"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71361"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71362"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}