Nearly 2,000 Hacked WordPress Sites Turned Into Criminal Infrastructure
Related
BitGo announced layoffs of nearly 15% of its workforce, focusing on core businesses such as stablecoins and AI infrastructure.
PANews reported on June 26 that BitGo CEO Mike Belshe announced on the X platform that the company is laying off nearly 15% of its workforce. Affected employees have been directly notified by their immediate supervisors and HR. Belshe stated that the crypto ecosystem has undergone profound changes, and the way financial services are built has evolved significantly. To remain competitive, the company needs to focus its personnel and resources more on core areas such as security, trading, stablecoins, settlement, and AI-driven infrastructure, allowing BitGo's operations to be more focused. Belshe emphasized that this is a one-off adjustment and that no further layoffs are expected. He also expressed gratitude to the departing employees for their contributions.
Europol freezes $47 million in criminal crypto assets and dismantles three major malware infrastructures, including StealC.
According to Foresight News , Europol announced the latest phase of its "Operation Endgame," in which law enforcement has identified, flagged, and frozen over €41 million (approximately $47 million) in criminal crypto assets. This two-week, multi-country operation dismantled the infrastructure behind three malware families: SocGholish, Amadey, and StealC. All three malware programs target cryptocurrency users. StealC, an information-stealing tool sold as a service since 2023, scrapes passwords, browser cookies, and cryptocurrency wallet data from infected computers. Proofpoint researchers discovered that its control panel even includes a plugin that attempts to decrypt the seed phrase of a victim's MetaMask wallet. Amadey is responsible for establishing a foothold and deploying subsequent malware; while SocGholish, linked to the Russian evil organization Evil Corp, infects users through fake browser update prompts that pop up after a website is compromised. Together, they form the front end of the attack, ultimately leading to stolen wallets, compromised accounts, and ransomware infection.
South Korea's KOSPI index turned positive, with SK Hynix rising over 2%.
According to BlockBeats, on July 8th, based on Bitget market data, the South Korean KOSPI index turned positive, after initially falling nearly 4%. SK Hynix rose over 2%, while Samsung Electronics narrowed its losses to 1%. According to BIT (bit.com) market data, US storage concept stocks opened lower but rallied in overnight trading, with SanDisk rising over 3%, and Micron Technology and Western Digital rising over 1%.
Brazilian police have dismantled a cryptocurrency money laundering network linked to the PCC, involving nearly $2 billion.
According to Foresight News News, Brazilian federal police launched Operation "Exchange" on Friday, targeting a criminal organization linked to the First Capital Command (PCC), Brazil's Specially Designated Global Terrorist Group (SDGT). This organization is accused of using cryptocurrency and cash to launder money and transfer illicit funds from Florida to Brazil. The operation involved 50 police officers who executed 13 search and seizure warrants and 11 provisional arrest warrants at multiple locations in São Paulo state. Authorities estimate that the criminals laundered nearly $2 billion through this money laundering scheme, mixing peer-to-peer transactions, large bank transactions, and cash transactions. However, as the investigation is ongoing, it has not yet been determined whether any exchanges were involved. On July 1, two suspects, Victor Henrique de Oliveira Shimada and Stella Stefanie Nunes Henrique de Oliveira, who were suspected of involvement in the organization, were added to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list along with three Brazilian companies and one Portuguese company due to their affiliation with the First Capital Command (PCC).
Bitcoin long-term holders turned to net buyers, retail investors buy the dips, but the largest whales remained on the sidelines.
According to BlockBeats, a recent report from Glassnode on July 2nd shows that long-term Bitcoin holders (wallet addresses that have held Bitcoin for more than 155 days) have shifted from net distribution to net purchases. This indicator provides a positive signal for a weak market as Bitcoin prices rebound above $60,000 from a 21-month low this week. According to Glassnode analysis, the current net increase in holdings by long-term holders is approximately 50,000 to 100,000 Bitcoins. While this is far from the peak of nearly 400,000 Bitcoins during the bull markets of November 2024 and May 2025, the directional shift itself is significant. Glassnode points out, "Historically, a sustained shift from net distribution to net holdings often occurs during market downturns, with long-term investors gradually increasing their positions while short-term participants reduce their risk exposure." Looking at the broader picture of accumulating holdings, Glassnode's "Accumulation Trend Score" has rebounded significantly over the past month, indicating widespread buy the dips behavior across wallets of all sizes. Retail investors (holding less than 1 BTC) and medium-sized holders (100 to 1000 BTC) have the highest accumulation scores, around 0.8 to 0.9; those holding 1 to 100 BTC have a score of approximately 0.6 to 0.7; and large wallets holding 1000 to 10000 BTC have also turned to net buying, with a score of approximately 0.5 to 0.6. However, the largest whale group (holding over 10,000 BTC) has a rating of only around 0.4 to 0.5, which is still close to neutral, and has not yet shown a clear intention to increase its holdings. Glassnode warns that it is too early to conclude that we have entered a phase of full-scale accumulation, and the participation of the largest holders is needed for the trend to truly become self-reinforcing.
Yaosu Technology completes nearly 200 million yuan Series A+ financing.
According to Mars Finance, Yaosu Technology recently announced the completion of a nearly 200 million RMB Series A+ financing round. This round was jointly participated in by Guofang Venture Capital, Qingsong Capital, GF Securities, Oriental Fortune Capital, and Yunbo Capital, with existing shareholder Yayi Capital continuing to increase its support. The funds will primarily be used to further advance the company's "3D Bio Intelligence" platform, including further enhancing vertical AI models and biological mechanism analysis capabilities, implementing high-throughput automated experimental systems, continuously accumulating multimodal biological data, accelerating the construction of virtual cells and biological world models, and comprehensively promoting the formation of a new generation of humanized data infrastructure for drug development.