MoonPay Executives Lose $250K in USDT to Sophisticated Nigerian Scam

In a startling incident highlighting the risks of cross-border crypto transactions, MoonPay's CEO and CFO were duped out of over $250,000 worth of USDT in an elaborate scam. The fraudsters impersonated a prominent real estate developer, convincing the executives to transfer funds to fraudulent accounts. Investigations traced the emails to Nigeria, underscoring the global nature of crypto-related crimes. The frozen assets are now under government recovery efforts, serving as a stark reminder of the persistent security challenges in the cryptocurrency space.

MoonPay Executives Lose $250K in Elaborate Crypto Scam

MoonPay's CEO and CFO fell victim to a sophisticated scam, losing over $250,000 in USDT. The fraudsters impersonated a prominent real estate developer, convincing the executives to transfer funds to fraudulent accounts. IP geolocation traced the emails to Nigeria, highlighting the cross-border nature of crypto-related crimes.

The frozen assets are now under government recovery efforts. This incident underscores the persistent security challenges in crypto adoption, even as MoonPay expands its regulatory footprint across all 50 U.S. states.

XRP Overtakes Tether in Market Cap Rankings Amid Whale Accumulation

XRP has surged past Tether's USDT to claim the third-largest cryptocurrency by market capitalization, reaching $168.32 billion at press time. The milestone comes alongside a record high of 2,743 wallets holding over one million XRP—a clear signal of growing whale activity and long-term investor confidence.

Despite macroeconomic headwinds, including President Trump's proposed 30% tariffs on the EU and Mexico, XRP's fundamentals show resilience. Analysts point to declining policy uncertainty and upcoming U.S. CPI data as pivotal factors that could catalyze the next market-wide momentum shift.

The asset's price remains below its $2.90 resistance level, suggesting untapped upside potential. Santiment data reveals this accumulation phase mirrors previous cycles preceding major price breakouts.

APT Miner Launches Mobile App for Simplified BTC and DOGE Mining

APT Miner, a UK-based platform founded in 2018, has unveiled a mobile application designed to democratize cryptocurrency mining. The app allows users without specialized equipment or technical expertise to mine Bitcoin (BTC), Dogecoin (DOGE), and other digital assets, potentially earning up to $3,000 daily.

The platform emphasizes accessibility, enabling mining during routine activities like commuting or breaks. APT Miner's interface offers real-time earnings tracking, contract management, and supports over ten cryptocurrencies including ETH, XRP, and USDT. Security features incorporate McAfee® and Cloudflare® protections.

Headquartered in Warrington, the company aims to bridge the gap between high-threshold mining operations and mainstream financial participation. The launch reflects growing retail interest in passive crypto income streams amid rising asset valuations.