Ethereum Scaling Alert: Polygon Co-Founder Exposes Deepfake Scam Targeting Crypto Ecosystem
In a stark warning to the crypto community, Polygon co-founder Sandeep Nailwal has revealed an elaborate deepfake scam operation using his likeness to target blockchain startups. The sophisticated attack vector leverages compromised Telegram accounts and AI-generated video calls to impersonate key figures within Polygon’s investment network, coinciding with Ethereum’s current price of $2,608.43 as of May 14, 2025.
Polygon Co-Founder Warns of Deepfake Scam Targeting Crypto Startups
Sandeep Nailwal, co-founder of ethereum scaling solution Polygon, has alerted the crypto community to a sophisticated deepfake scam exploiting his likeness. Attackers are using manipulated video calls to impersonate him, targeting founders within Polygon’s investment network.
The scheme originated from a compromised Telegram account belonging to Polygon Ventures lead Shreyansh Singh. Scammers posed as investment representatives, luring victims into installing malware under the guise of funding discussions. This highlights growing security challenges as AI-powered fraud infiltrates Web3 ecosystems.
WalletConnect Unveils AI-Driven Protocol Upgrade to Streamline Blockchain Adoption
WalletConnect is positioning itself at the forefront of blockchain’s AI revolution with its new Smart Sessions standard. The protocol aims to eliminate persistent friction points in crypto wallets—excessive popups, transaction approvals, and fragmented user experiences—that have become bottlenecks for mass adoption.
The solution arrives as onchain applications proliferate, exposing critical scalability limitations. Smart Sessions leverage AI to automate processes traditionally requiring manual input, targeting institutional and retail users deterred by current complexities. "Less Wallets. More AI" encapsulates the vision for an agent-powered future where intelligent systems handle operational burdens.
Dawgz AI Emerges as a Contender in Crypto’s AI Meme Coin Sector
Dawgz AI, an Ethereum-based project combining meme culture with artificial intelligence utility, has raised over $3.5 million in its presale phase. The token distinguishes itself from typical meme coins by focusing on technological integration rather than fleeting trends.
Investor interest appears to be growing as market participants search for the next high-potential altcoin. The project’s blend of community-driven growth and AI functionality positions it as a speculative but noteworthy player in the 2025 crypto landscape.
Ethereum Breaks Patterns: Will ETH Price Break $3,000 or Consolidate?
Ethereum has reclaimed the spotlight as accumulation wallets see a surge in ETH inflows, signaling strong conviction among long-term holders. Derivatives markets echo this sentiment, with open interest hitting a record $33.12 billion—a 17% weekly surge.
The second-largest cryptocurrency now trades at $2,626.74, posting 4.45% intraday gains. Weekly performance outstrips broader market trends at +43.01%, while monthly returns approach 57%.
Market structure appears primed for a potential assault on the psychologically significant $3,000 level. Whether this momentum sustains or yields to consolidation remains the critical question for traders positioning through derivatives exposure.
