Crypto's newest hack: The front door

GM citronauts. Today's squeeze is ripe with juicy gains and pulpy chains.

🔫 The CEO of Revelo Intel resigned after being forced at gunpoint to transfer personal, company, and investor funds.

💿 "Pharma Bro" Martin Shkreli might be hiding illegal copies of a Wu-Tang Clan album.

🍊 News drops: Friend.tech transfers ownership of the platform's smart contracts to Ethereum's “burn” address, SpaceX plans to launch the first uncrewed Starships to Mars in 2 years, Tether invests in agriculture + more

🍍 Market flavor today

Find out more about the Fear & Greed Index here.

Name	Price	24H %	7D %
Crypto Market Cap $2.06 Trillion 1.2% (24H)
Bitcoin BTC	$55,512.93	2.18%	-4.64%
Ethereum ETH	$2,313.13	1.36%	-7.70%
BNB BNB	$505.84	1.11%	-2.52%
Solana SOL	$129.25	0.44%	-1.39%

Prices as of 10:05 AM EST. Click here to see live data.

Crypto market sentiment remains in fear territory, with the Fear and Greed Index at 26. The crypto market cap has increased by 1.2% in the last 24 hours, with top coins showing green in the last 24 hours, but longer-term trends remain bearish. Bitcoin ETFs have seen significant outflows for eight consecutive days, with Ethereum ETFs following suit on a smaller scale. Market analysts are scratching their heads, looking for reasons why crypto prices might perk up. They're keeping an eye on the big economic picture, especially potential US rate cuts.

As we move into the chilly days of September, all eyes are on the upcoming US presidential debate, which could significantly impact market sentiment. Grab the popcorn and watch the political circus unfold! 🍿

🔫 When crypto gets dangerous

Reasons why you should always double-check if you locked your front door: today’s story.

Nick Drakon, CEO of the crypto research firm Revelo Intel, announced that he was resigning. What first seemed like a typical “moving to the next chapter” message turned dark real quick.

“I was recently targeted, surveilled, and robbed by a highly sophisticated group. This was an in-person attack where my wife and 8-month-old son were threatened,” he revealed.

The attackers, who apparently already knew the deposit addresses of his businesses, held him at gunpoint and forced him to transfer personal, company, and investor funds from several crypto accounts.

Drakon suspects the thieves may be connected to his company, but he’s staying quiet for now to avoid interfering with the investigation—and to keep his family safe.

In the message, he expressed regret to the people who lost money in the robbery. To help compensate for the damage, he’s given up his ownership stake in Revelo Intel, and 30% of the company’s future profits will go toward repaying those affected.

As such violent crypto-related robberies continue to rise, it’s crucial to remember that threats don’t just come from hackers—whether you’re a CEO or not, always stay cautious.

💿 Wu-Tang Clan Ain’t Nuthing ta F’ Wit

…and Martin Shkreli, a.k.a. Pharma Bro, witnessed it first-hand.

If you haven’t heard of this guy—he’s the founder of Turing Pharmaceuticals, who raised the price of a life-saving AIDS drug from $13.50 per pill to $750. A 5000% INCREASE. *cough* jerk *cough*.

Then, good ol’ karma hit back—he was found guilty of fraud, did about 5 years in prison, and got out in 2022.

Two years passed, and bro started acting up again, facing another lawsuit. This time, Shkreli got sued by PleasrDAO after he teased that he’d stream a Wu-Tang Clan album called Once Upon a Time in Shaolin.

Wu-Tang released only one copy of it as a statement against the commercialization of music. Shkreli bought it for $2M in 2015, but he had to give it up after he was convicted. PleasrDAO then got the album in an auction for $4.75M and is now selling partial ownership of it through NFTs.

PleasrDAO found out about Shkreli’s plans to stream the album, put two and two together, and realized he illegally made copies of it. A court later ordered that he turn them all over.

Bro said he had copies of 15 tracks. However, PleasrDAO called BS on that and recently requested that a thorough search be done on storage units linked to Shkreli, just to be sure.

Honestly, I wouldn’t trust the guy either—especially after he allegedly said he “burned the album and sent it to, like, 50 different chicks.” Also, tell me why this man sounds like a middle schooler trying to look cool.

All considered, at least his actions are not making people suffer this time. At the same time, may the 50 chicks wipe his Tearz and remind him never to disrespect the GOATs like that.

📰 News drops

🔥 Decentralized social network Friend.tech transferred ownership of the platform's smart contracts to Ethereum's “burn” address (0x000…000). This was done to ensure that the platform’s fees and core functionalities couldn’t be changed in the future.

🚀 Elon Musk said SpaceX plans to launch the first uncrewed Starships to Mars in 2026. These early missions will focus on testing the spacecraft's landing capabilities and resolving safety issues before humans make the journey.

🌾 Tether, the company behind USDT, has invested $100M in Latin America’s agriculture giant Adecoagro. It’s the first time the company has entered the agriculture and food industry.

📱 McAfee has found new Android malware that can steal private keys stored in screenshots and images on your device. This malware has been detected in over 280 fraudulent apps disguised as banking, government, or streaming apps.

🐈 Catizen, a tap-to-earn game, says it’s now the highest-earning app on Telegram. Launched just 6 months ago, it’s already hit 800K paying users.