"Drift says hack was sophisticated admin takeover" Apr 02, 2026

Today's blockchain and crypto news Bitcoin is down slightly at $66,202 Ethereum is down slightly at $2,032 And XRP is down slightly at $1.29 BitGo launches BitGo Mint Metaplanet picks up $406M worth of BTC in Q1 Drift says hack was sophisticated admin takeover eToro finally launches crypto trading in NY EDX markets applies for bank charter Learn more about your ad choices. Visit megaphone.fm/adchoices

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  Well, it's 8 a.m. Eastern, April 2nd, and this is your daily crypto report. Bitcoin is down slightly at $66,202. Ethereum is down slightly at $2,032. And XRP is down slightly at $1.29.

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  Well, BitGo has launched BitGo Mint, a new service that lets institutional clients mint, redeem and manage stable coins and other digital assets through a single workflow with the first supported assets being World Liberty's USD 1 and SoFi USD. BitGo already provides infrastructure for both tokens and the company says the product is aimed at market makers, liquidity providers, banks, exchanges, asset managers and fintechs that want more efficient and scalable digital asset operations with tighter control. CEO Mike Bellner framed it as a way to reduce operational complexity inside the platform institutions already use. The launch comes as the stablecoin market keeps growing and larger payments and financial firms like PayPal, Barclays and Western Union continue investing in stablecoin infrastructure.

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  Separately, Mizuho analysts recently described BitGo as a military-grade custodian, pointing to its security record and institutional focus. Well, MetaPlanet bought 5,075 more Bitcoin in the first quarter of 2026 for about $406 million, bringing its total holdings to over 40,000 BTC as of March 31st and making it the third-largest public company holder of Bitcoin behind OnlyStrategy and Tetherback 21. The company said its total Bitcoin investment now stands at about $4.2 billion with a cumulative average purchase price of $104,106 per Bitcoin. It also said its Bitcoin income business generated about $19 million in first-quarter sales using option strategies to help lower effective acquisition costs.

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  Shares in Tokyo fell nearly 2% on Thursday while its US-traded shares closed up about 1% on Wednesday. Well, Drift said its roughly $280 million exploit was caused not by a smart contract bug or seed phrase compromise, but by a highly sophisticated admin takeover in which a town... allegedly spent weeks preparing gained multi SIG transaction approvals in advance through likely social engineering or misleading transaction requests and then use durable nonce accounts to rapidly seize security council powers that let them add a malicious asset remove withdrawal limits and drained funds across drifts borrow lend vault and trading deposit systems drift said it has now frozen remaining protocol functions remove the compromised wallet from the multi SIG and is working with bridges exchanges and law enforcement to trace and

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  freeze the stolen assets separately on chain investigator zach XBT sharply criticized circle saying it failed to freeze roughly 230 million dollars in USDC tied to the hack after the funds were moved from Solana to Ethereum through circles cross-chain transfer system arguing the company had about six hours to act and did nothing well eToro has finally launched crypto trading for New York users more than three years after getting its bit license in February 2023 starting with about 20 tokens in the state and planning to expand over time toward the roughly 115 crypto assets it offers in most other markets along with staking later on Andrew McCormick head of eToro US said the company originally expected to launch much sooner but faced heavier scrutiny

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  after the FTX collapse noting eToro was the first firm to receive a bit license after that event he said the company is proud to have cleared New York's tough compliance AML and customer protection standards especially given that fewer than 40 firms have ever received a bit license and some never actually launched services in the state and finally edx markets the crypto exchange backed by Citadel Securities fidelity Charles Schwab Paradigm Sequoia and Virtue has applied to the office of the Comptroller of the Currency for a national trust bank charter joining a growing list of crypto firms pursuing the same path edx said the charter would let it offer custody asset management and trade settlement that's all for us today visit us at dailycryptoreport.io and listen to us everywhere else you podcast under daily crypto report

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