Publicly traded Strive Inc. purchased an additional 789 Bitcoin for its treasury.
The purchase brings Strive’s total Bitcoin holdings to 14,557 BTC, valued at roughly $1.1 billion.
True North, Strive’s subsidiary, will host a Bitcoin for Business summit in Lake Oswego, Oregon on May 21.
Publicly traded Strive Inc. purchased an additional 789 Bitcoin for its treasury, the structured finance company and institutional asset manager announced Monday.
The company paid an average price of $77,890 per Bitcoin, Strive CEO and Chairman Matt Cole wrote on X, putting the purchase at a price of about $61.45 million. Bitcoin has fallen to a recent price of $76,716, making the addition worth about $60.5 million as of this writing.
The purchase expands Strive’s total Bitcoin holdings to 14,557 BTC, valued at approximately $1.1 billion based on the recent price of Bitcoin.
Alongside the treasury expansion, Strive’s True North subsidiary scheduled a Bitcoin for Business summit for May 21 in Lake Oswego, Oregon. The event targets CFOs and business leaders exploring corporate Bitcoin adoption strategies.
“Bitcoin and adjacent securities are transforming how businesses manage their treasuries,” said True North CEO and Strive Chief Risk Officer Jeff Walton, in a statement. “We aim to educate the business leaders of today about the financial landscape of the future.”
Publicly traded firms hold more than 1.2 million Bitcoin valued above $93 billion, per data from BitcoinTreasuries.net, led by Strategy with its nearly $63 billion haul. Strategy said Monday that it bought $255 million in Bitcoin last week, down dramatically from a $2.54 billion purchase the week prior.
Strive manages over $2.7 billion in assets as a publicly traded structured finance company and institutional asset manager. The firm’s True North sub-brand provides corporate Bitcoin curriculum and hosts educational events for businesses exploring cryptocurrency integration.
As of April 24, Strive maintained $90.5 million in cash and cash equivalents alongside $50.3 million in Strategy preferred stock holdings, according to SEC filings. The company’s latest Bitcoin purchase represents a continuation of its aggressive treasury diversification strategy.
Strive’s stock (ASST) was down about 3% on Monday, recently trading at $15.33. ASST shares have surged by 55% over the last month, though shares are down 53% in the last six months.
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The trial’s outcome could sway the balance of power in AI, and jury selection starts on Monday.
Published On 27 Apr 202627 Apr 2026
Technology tycoons Elon Musk and Sam Altman are poised to face off in a high-stakes trial revolving around the alleged betrayal, deceit and unbridled ambition that blurred the bickering billionaires’ once-shared vision for the development of artificial intelligence.
The trial, which is scheduled to begin on Monday with jury selection, centres on the 2015 birth of ChatGPT maker OpenAI as a nonprofit start-up primarily funded by Musk before evolving into a capitalistic venture now valued at $852bn.
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The trial’s outcome could sway the balance of power in AI, breakthrough technology that is increasingly being feared as a potential job killer and an existential threat to humanity’s survival.
Those perceived risks are among the reasons that Musk, the world’s richest person, has cited for filing a lawsuit in August 2024 that will now be decided by a jury and US District Judge Yvonne Gonzalez Rogers in Oakland, California.
The civil lawsuit accuses Altman, OpenAI’s CEO, and his top lieutenant and a cofounder, Greg Brockman, of double-crossing Musk by straying from the San Francisco company’s founding mission to be an altruistic steward of a revolutionary technology. The lawsuit alleges they shifted OpenAI into moneymaking mode behind his back.
The bitter legal fight may come down to a few pages in one executive’s personal diary.
“This is the only chance we have to get out from Elon,” wrote Brockman in the autumn of 2017. “Is he the ‘glorious leader’ that I would pick?”
Brockman’s diary entry is part of the thousands of pages of internal documents revealed in court.
Musk said the defendants kept him in the dark about their plans, exploited his name and financial support to create a “wealth machine” for themselves, and owe damages for having conned him and the public.
He also wants OpenAI to revert to a nonprofit, for Altman and Brockman to be removed as officers and for Altman to be removed from its board.
OpenAI has brushed off Musk’s allegations as an unfounded case of sour grapes that’s aimed at undercutting its rapid growth and bolstering Musk’s own xAI, which he launched in 2023 as a competitor.
The trial also carries risks for Musk, who last month was held liable by another jury for defrauding investors during his $44bn takeover of Twitter in 2022. Any damaging details about Musk and his business tactics could be particularly hurtful now because his rocket ship maker, SpaceX, plans to go public this summer in an initial public offering that could make him the world’s first trillionaire.
Maialen Beloki has been appointed director of Spain’s San Sebastián Film Festival. Beloki, who has served as one of the deputy directors of the San Sebastián Film Festival from 2016, will take over from José Luis Rebordinos in January following 2027.
Rebordinos has made public his desire to step down as the San Sebastián director after this year’s edition, ending 16 years at its helm, making him San Sebastian’s longest serving director. During that time, the Festival has enjoyed a remarkable stability and growth in prestige, industry initiatives and attendance and international impact and partnerships, such as the Proyecta project showcase at Ventana Sur, organized with the Cannes Festival’s Marché du Film.
Though Rebordinos’ departure was known, his successor was not. Beloki has been unanimously selected by San Sebastian’s executive board following an open call for candidates launched on March 4.
Beloki knows the festival inside out. Her appointment marks most likely continuity, at least for the short-term at the festival, in that Beloki was actively engaged in helping to spearhead key initiatives at San Sebastián, such as its transformation from a one-off event in September into a year-round ecosystem, embodied in the Z365 initiative focusing on what the Festival described Monday as the development of new talent (Ikusmira Berriak residency program and Nest shorts showcase), education (the Elias Querejeta Zine Ezkola, for instance) and the generation of knowledge and critical thinking around cinema, embodied, for example, in the Artxiboa project.
A graduate of the University of Navarra, where she studied audiovisual communication, Beloki received a PhD (Cum Laude) in film theory, analysis and documentation from the University of the Basque Country (UPV/EHU). She also serves on the academic board of San Sebastián’s Elias Querejeta Zine Ezkola where she also lectures.
Paramount+ is reckoning for some “The Madison” Emmy love.
Coming off its first season, the Taylor Sheridan-created neo-Western will submit across 20 Emmy categories via 27 total bids, Variety has learned exclusively.
The freshman drama, which centers on the Clyburn family as it relocates from New York City to Montana’s Madison River valley following a life-altering tragedy, will compete in the outstanding drama series category. The streamer had already renewed the show for Seasons 2 and 3, ahead of its series and second-season premieres, respectively.
Legendary powerhouse performer Michelle Pfeiffer, who anchors the series as Clyburn matriarch Stacy, is the sole lead acting submission. An Emmy nominee for the 2017 television movie “The Wizard of Lies” in supporting actress (limited/movie), the 67-year-old star is having one of the most significant years on television. That includes additional Emmy bids for Apple TV’s comedy “Margo’s Got Money Troubles,” for which she’ll compete in supporting comedy actress, and the Prime Video movie “Oh. What. Fun.” Long beloved in Hollywood, Pfeiffer also has three Oscar nominations for “Dangerous Liaisons” (1988), “The Fabulous Baker Boys” (1989) and “Love Field” (1992).
Kurt Russell, who plays Preston Clyburn — the husband of Michelle Pfeiffer’s Stacy — dies in a plane crash in the pilot but appears across all six episodes. He is among multiple submissions in supporting drama actor. A one-time Emmy nominee for lead actor (limited/movie) for his portrayal of Elvis Presley in the 1979 television movie “Elvis,” Russell could earn his second nomination 47 years later. If recognized, it would mark the longest gap between a performer’s first and second Emmy acting nominations, surpassing Mary Kay Place’s 33-year span between her 1977 win for “Mary Hartman, Mary Hartman” (at the time called “continuing performance by a supporting actress in a comedy series) and her 2010 nomination for “Big Love” in guest drama actress.
In terms of the longest span between a performer’s first and most recent nominations, Russell would tie for the fourth-longest gap alongside Henry Winkler (“Happy Days” to “Barry”) and Michael Douglas (“The Streets of San Francisco” to “The Kominsky Method”). Ahead of them are Carol Burnett (62 years, from “The Garry Moore Show” to “Palm Royale”), Betty White (60 years, from her first nomination in 1951 to “Hot in Cleveland”) and Diana Rigg (51 years, from “The Avengers” to “Game of Thrones”).
Russell will be among five supporting drama actor submissions, which will also include Patrick J. Adams as Russell McIntosh, Ben Schnetzer as Madison River Valley Sheriff Van Davis, Kevin Zegers as Clyburn neighbor Cade Harris and Matthew Fox as Preston’s brother, Paul Clyburn. Supporting drama actress will have six on its own with Beau Garrett as elder Clyburn daughter Abigail Reese, Elle Chapman as younger daughter Paige McIntosh, Amiah Miller as Bridgette Reese, Alaina Pollack as Macy Reese, Rebecca Spence as Stacy’s friend Liliana Weeks and Danielle Vasinova as Kestrel Harris.
Will Arnett will compete for guest drama actor for his turn as Phil Yorn in the season finale Episode 106, “I Give Me Permission” — the same episode Sheridan submitted for outstanding writing for a drama. Sheridan also has the second season of “Landman” vying for Emmy attention. Although the rules allow him to enter multiple programs, he will not submit a writing representation for the series this cycle.
Sheridan’s selection of the season finale is interesting, given that many new freshman series have shown nomination success with putting forth their pilot/first episode (Season 1) episodes, proven by “Bad Sisters” (“The Prick” by Sharon Horgan, Dave Finkel and Brett Baer) and last year’s “The Pitt” (“7:00 A.M.” by R. Scott Gemmill). The last time a Season 1 finale was submitted and won was “Succession” in 2019. In terms of nominations, that was “Squid Game” in 2022.
Christina Alexandra Voros will pull double duty in the campaign, submitting for outstanding directing for a drama series and outstanding cinematography (one hour), both for Episode 102, “Let the Land Hold Me.” Last year, Jessica Lee Gagné made history as the first woman to earn double noms in those same two categories, walking away with the cinematography prize. Will Voros follow in her footsteps?
On the craft side, Paramount+ is submitting in 13 below-the-line categories. All official episode submissions will be announced at a later date.
Emmy submissions are due on May 7, with the nomination-round voting running from June 11 to June 22. The 78th Primetime Emmy Awards nominations will be announced on July 8.
“The Madison”
The full list of Emmy submissions is below.
Outstanding Drama Series
Lead Actress in a Drama Series: Michelle Pfeiffer
Supporting Actor in a Drama Series: Kurt Russell, Patrick J. Adams, Ben Schnetzer, Kevin Zegers, Matthew Fox
Supporting Actress in a Drama Series: Beau Garrett, Elle Chapman, Amiah Miller, Alaina Pollack, Rebecca Spence, Danielle Vasinova
Guest Actor in a Drama Series: Will Arnett (Episode 106, “I Give Me Permission”)
Directing for a Drama Series: Christina Alexandra Voros (Episode 102, “Let the Land Hold Me”)
Writing for a Drama Series: Taylor Sheridan (Episode 106, “I Give Me Permission”)
Cinematography for a Series (One Hour): Christina Alexandra Voros (Episode 102, “Let the Land Hold Me”)
Casting for a Drama Series: John Papsidera
Production Design for a Narrative Contemporary Program (One Hour or More): Charisse Cardenas, Fernando Carrion, Amy Frazzini, Stephen Dudro, Bryan Venegas
Contemporary Costumes: Emma Potter
Contemporary Hairstyling
Contemporary Makeup (Non-Prosthetic)
Main Title Design
Music Composition for a Series (Original Dramatic Score): Breton Vivian
Original Main Title Theme Music: Breton Vivian
Picture Editing for a Drama Series: Chad Galster
Sound Editing for a Comedy or Drama Series (One Hour): Jay Nierenberg
Sound Mixing for a Comedy or Drama Series (One Hour)
MARA Holdings launched the MARA Foundation, a new initiative focused on strengthening Bitcoin’s long term security, sovereignty, and accessibility through protocol research, open source development, self custody infrastructure, policy advocacy, and global education.
Today at @TheBitcoinConf, @MARA CEO @fgthiel announced the launch of MARA Foundation.
The MARA Foundation represents MARA’s strategic commitment to supporting the health of the Bitcoin network, outside of our responsibilities as miners alone.
We believe Bitcoin embodies the… pic.twitter.com/3HHWF6jPiT
— MARA Foundation (@MARAFoundation_) April 27, 2026
The foundation was unveiled at the Bitcoin 2026 conference in Las Vegas, debuting with a $100,000 contribution that will be awarded to one of three organizations selected by a community vote.
Voting is open through the MARA Foundation website until 3:00 p.m. PST on April 29, with Bitcoin 2026 attendees also able to vote in person at MARA’s booth.
The three candidates are SateNet, which focuses on low cost community run wireless internet services powered by Bitcoin in the global South, the 256 Foundation, a public charity funding open source Bitcoin mining hardware and software developers, and Libreria de Satoshi, which works to expand Bitcoin technical education across languages and regions.
MARA framed the foundation as an extension of its role in Bitcoin mining and network security. Fred Thiel, the company’s chairman and CEO, said MARA’s daily role in helping secure the Bitcoin network gives it a responsibility to invest in the protocol’s long term health, not just its short term economics.
The launch comes as MARA continues to position itself as a broader digital energy and compute infrastructure company. In March, MARA sold 15,133 Bitcoin for approximately $1.1 billion between March 4 and March 25 to fund a $1 billion repurchase of its 2030 and 2031 convertible senior notes at a roughly 9% discount, reducing its total convertible debt by about 30%.
The company said the move was designed to increase financial flexibility as it expands beyond pure Bitcoin mining into digital energy and AI and high performance computing infrastructure.
Western Union (WU) is preparing to roll out a stablecoin strategy that could reshape how the 175-year-old money-transfer company settles payments across its global network.
CEO Devin McGranahan said on the company’s first-quarter earnings call that Western Union’s U.S. dollar stablecoin (USDPT) is in the final stages of readiness and is expected to launch next month. The firm announced in October that the digital dollar will run on Solana (SOL) and will be issued with federally chartered crypto bank Anchorage Digital.
Western Union plans to use the stablecoin first as an alternative to the interbank settlement rails it uses today to move money between the company and its agents.
“We are not originally launching [USDPT] as consumer-facing,” McGranahan said. “We are launching it as an alternative to the interbank SWIFT settlement network that we use today.”
That matters, he said, because Western Union’s business still depends on legacy banking systems that settle only on business days and can take two or three days in some markets. Stablecoins could allow the company to settle with partners in real time, including over weekends and holidays, while reducing capital tied up in the system, he added.
The second piece of the company’s strategy is the Digital Asset Network (DAN), which lets crypto wallet companies offer Western Union as a cash-out option. Through that network, wallet users will be able to convert digital assets into local currency through Western Union’s retail footprint, McGranahan said.
The company said its partner pipeline represents tens of millions of crypto wallets globally.
Western Union also plans to launch a Stable Card, expected later this year. It will let customers hold funds in stablecoins and spend through card networks. McGranahan said the card could be useful in inflation-sensitive markets where customers want access to U.S. dollar-denominated value with everyday spending utility.
“We expect to begin rolling this out across dozens of markets with an initial wave targeted for later this year,” he said.
Western Union’s stablecoin push comes as its core remittance business faces pressure, with rival fintechs and crypto payments firms increasingly using blockchain tech for cross-border payments. MoneyGram, for example, is looking to Circle’s USDC stablecoin, while Stripe launched its own stablecoin infrastructure with a payments-focused chain Tempo.
Read more: DoorDash is bringing stablecoin payments to masses with Stripe-backed blockchain
Virginia man buys 20 tickets for one lottery drawing, wins 20 times
March 27 (UPI) — A Virginia man bought 20 identical tickets for a single Pick 4 lottery drawing and ended up winning $5,000 for each ticket — a total of $100,000.
On the September 15, 2025 episode of ABC‘s Jimmy Kimmel Live!, Kimmel made the following quip: “We hit some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them, and doing everything they can to score political points from it.”
The “joke” was an observation of far-right Republicans scrambling to distance themselves from the ideologies of Kirk’s assassin. After initial (correct) assumptions that accused killer Tyler Robinson must have disagreed with his target’s conservative politics, (incorrect) reports that the shooter thought Kirk was not rightwingenough circulated. It was a weird and confusing whirlwind of misinformation, or “fake news,” as the aforementioned “MAGA gang” would probably prefer. At the time of the monologue, both sides of the aisle were still pushing Robinson’s agenda away.
Kimmel’s punishment for jumping to the wrong conclusion was a few nights off the airwaves, the emergence of a newfound adversary in FCC chair Brendan Carr, and a lot of mean tweets directed at the “Mean Tweets” guy. Calls for Jimmy Kimmel Live! to be canceled came and went, so Kimmel went away and came back shortly thereafter. Things were generally chill for the next seven months — or at least status quo, meaning Kimmel would regularly bash the President and Republicans would regularly bash Kimmel.
On Thursday, April 23, 2026, putting on a faux White House Correspondents Dinner roast in a faux tux, Kimmel said the following: “I’m happy you decided to stay, Mr. President. And don’t worry, if we bruise your ego, it’ll only make your hands look less disgusting.” (Trump‘s documented hand bruising is said to be a reaction to taking too much aspirin.)
It was Trump’s thin skin that canceled the real WHCD tradition of roasting the POTUS. Instead, the President brought in mentalist Oz Pearlman as the evening’s entertainment. Pearlman’s act had just started before gunshots rang out, canceling the party.
Forty-eight hours before Pearlman was guessing the name of White House press secretary Karoline Leavitt’s unborn daughter, back on Hollywood Boulevard, Kimmel downshifted from Donald to Melania.
“Look at Melania, so beautiful,” Kimmel said, pretending to address a crowd of DC dignitaries. “Mrs. Trump, you have a glow like an expectant widow.”
It was a joke about her husband’s declining health and the perception that Melania Trump does not like Donald Trump. What it was not was a call for violence or a forecast that the President would be assassinated, just like the Kirk-assassin joke was not a joke about Kirk’s assassination. Kimmel is a comedian and comedians make jokes on comedy shows. You don’t have to like them, but you should actually try to understand them. What would make a cold woman beyond her child-bearing years glow like a pregnancy? The old jackass she shouldn’t have married and can’t divorce kicking the bucket.
On Saturday night, just outside the actual White House Correspondent Association’s gala, Cole Allen, breached a security checkpoint and had a brief firefight with secret service agents. He was subdued, taken into custody and is charged with the attempted assassination of the President. The gunfire could be heard within the dinner’s ballroom, and the President, vice president and other members of the cabinet were hurried away to safety. There is nothing funny about any of that.
“Kimmel’s hateful and violent rhetoric is intended to divide our country,” Melania Trump wrote on X. “His monologue about my family isn’t comedy—his words are corrosive and deepens the political sickness within America. People like Kimmel shouldn’t have the opportunity to enter our homes each evening to spread hate. A coward, Kimmel hides behind ABC because he knows the network will keep running cover to protect him. Enough is enough. It is time for ABC to take a stand. How many times will ABC’s leadership enable Kimmel’s atrocious behavior at the expense of our community.”
There are a couple of things wrong with the first lady’s complaint. First, ABC certainly did not “protect” Kimmel from affiliate and advertiser complaints the last time — he was sidelined and nearly fired. But mainly (and obviously), Kimmel could not have known an attempt on Donald Trump’s life would be made two days after dubbing Melania an “expectant widow.” Yes, there were two attempts on Trump’s life in 2024, but none in the almost 600 days (not an accomplishment, but something) separating the September 15, 2024 assassination attempt at Trump’s West Palm Beach golf course and this past weekend. A foreshadowing argument is dumber than wondering where the hell Pearlman’s psychic abilities were on Saturday at around 8:30 p.m. ET.
Melania Trump
Heather Diehl/Getty Images
Donald Trump shared his own thoughts on Kimmel a few hours after the first lady.
“Wow, Jimmy Kimmel, who is in no way funny as attested to by his terrible Television Ratings, made a statement on his Show that is really shocking,” he post on his Truth Social platform. “He showed a fake video of the First Lady, Melania, and our son, Barron, like they were actually sitting in his studio, listening to him speak, which they weren’t, and never would be. He then stated, ‘Our First Lady, Melania, is here. Look at Melania, so beautiful. Mrs. Trump, you have a glow like an expectant widow.’”
“A day later, a lunatic tried entering the ballroom of the White House Correspondents Dinner, loaded up with a shotgun, handgun, and many knives. He was there for a very obvious and sinister reason,” the post continued. “I appreciate that so many people are incensed by Kimmel’s despicable call to violence, and normally would not be responsive to anything that he said but, this is something far beyond the pale. Jimmy Kimmel should be immediately fired by Disney and ABC.”
It would be incorrect to claim, as some of Trump’s “incensed” online supporters have, that the shots Kimmel fired at his fake White House Correspondents Dinner on Thursday could have incited Allen to fire shots at the real one on Saturday. Allen lives in Torrance, California, nearly 2,700 miles from Washington, D.C. Law enforcement believes Allen traveled by train (through Chicago) to the Washington Hilton hotel, where he had booked a room in advance. Investigators also say Allen wrote a manifesto stating an intention to target members of the Trump administration, and spooked his own family enough for them to report him to authorities. None of this happens in two days.
But you know what happened the same day as Kimmel’s scathing set? Trump fell asleep, again, during a televised announcement, this one with pharmaceutical executives. It was just the latest bad look for the man’s overall health.
Trump will be 80 years old in a month and a half. He is already the oldest president to take the oath of office (ironically breaking “Sleepy” Joe Biden’s record), and should he live through the end of his current term, he will be the oldest president ever in office. Trump is not the guy doing push-ups in jeans (and only jeans) with Kid Rock — his main form of exercise is golf, and he’s definitely not walking the course (let alone carrying his bag).
Earlier this month, Dr. Vin Gupta, the senior medical examiner for MS NOW, said, “The President is exhibiting all the signs of dementia.” In January, professor Bruce Davidson of Washington State University’s Elson S. Floyd College of Medicine said he believes Trump had a stroke in 2025.
Kimmel’s “expectant widow” joke was not a nice joke — and most aren’t — but show me the lie.
White House Press Secretary Karoline Leavitt
Anna Moneymaker/Getty Images
The Trumps were backed up by Leavitt on Monday when she also blamed Kimmel, in part, for repeated anti-Trump rhetoric. (We still don’t know if Pearlman correctly guessed her baby’s name, another tragedy from the weekend.)
“The entire Democrat party has made their pitch to voters across the country that Donald Trump poses an existential threat to democracy, that he is a fascist. They compare him to Hitler,” Leavitt said at a press conference. “These are despicable statements that the American people have been consuming for years, and so many mentally perturbed individuals are led to believe these words are truth, and then are inspired to act on it.”
Leavitt’s (and others’) is the most logical argument to my argument: repeated hateful speech by powerful people can lead to real-world consequences. And it might be a fair one if it came from anywhere but the Trump White House.
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A new true crime offering is resurfacing the decades-long “Monster of Green Hollow” mystery, the investigation of a rumored serial killer believed to have murdered dozens of women including three of his wives. Streaming on Paramount+ on Tuesday, April 28, at 12 a.m. PT/3 a.m. ET, the three-part docuseries, My Killer Father: The Green Hollow Murders, aims to unmask the alleged killer, Donald Dean Studey, after one of his now adult-aged children says she was forced to help bury bodies on their property.
While Paramount+ plans start at $8.99 per month, there’s a workaround to watch the limited series for free: Sign up for a five-day trial period to one of DirecTV’s signature packages — Entertainment, Choice or Ultimate — which offers the first three months of Paramount+ included at no extra cost.
At a Glance: How to Stream My Killer Father: The Green Hollow Murders
When and Where to Watch My Killer Father: The Green Hollow Murders
All three episodes in the limited series drop on Paramount+ on Tuesday, April 28, at 12 a.m. PT/3 a.m. ET.
How to Get Paramount+ Free Trial, Best Streaming Deals
When signing up directly through the streaming service, Paramount+ plans start at $8.99 per month. There are also two little-known workarounds to get Paramount+ for free through partner subscriptions, DirecTV and Walmart+.
Starting off with DirecTV, customers who sign up for one of the streaming service’s signature packages — Entertainment, Choice or Ultimate — will get the first three months of Paramount+ Premium included (see here for more details on these premium add-ons). Plus, DirecTV offers a five-day free trial for any plan, meaning new members can stream Paramount+ (and everything else the packages have to offer) at no cost during the trial period.
As for the other option, streamers can get free Paramount+ access through a Walmart+ membership, which includes the choice of Paramount+ Essential or Peacock Premium in its subscription. And since Walmart+ offers a 30-day free trial, members can stream Paramount+ at no cost during that period. Learn more about Walmart+ streaming offers and pricing here.
Litecoin was affected by a bug this weekend that allowed an attacker to transfer digital assets to a decentralized exchange.
The digital asset’s official X account said the attack relied on a zero-day bug, and later apologized for flippant posts on the exploit.
Aurora Labs CEO Alex Shevchenko estimated that one multi-chain protocol, NEAR Intents, risked $600,000 in potential exposure.
Litecoin was affected by a bug this weekend that allowed an attacker to transfer digital assets to a decentralized exchange, prompting the network to undergo a so-called reorganization to prevent someone from cashing in on crypto’s latest vulnerability.
The process, also known as a “reorg,” effectively purged faulty transactions from the network, which stemmed from a security flaw in Litecoin’s MimbleWimble Extension Block (MWEB) privacy layer, the digital asset’s official X account said in a post on Saturday.
With Litecoin blocks produced every 2.5 minutes on average, a 13-block reorg essentially rewrote around 30 minutes of the network’s transaction history. Eventually, entities mining Litecoin adopted a version of the asset’s blockchain where the bug was never exploited.
Litecoin update:
• A zero-day bug caused a DoS attack that disrupted major mining pools. • Non-updated mining nodes allowed an invalid MWEB transaction allowing them to peg out coins to third party DEX’s • A 13-block reorg reversed those invalid transactions — they will not…
Although the attacker was ultimately stifled, they had taken advantage of what Litecoin’s team said was a previously unknown vulnerability that allowed them to “peg out” coins from MWEB. At the same time, the bug allowed the bad actor to disrupt mining pools through a denial-of-service attack.
Litecoin acknowledged in an X post on Monday that it had deleted communications that followed the reorg, apologizing for trying to be humorous. Opt-in privacy features associated with MWEB, a “Harry Potter”reference, were first proposed in 2019.
In a since-deleted X post, Litecoin said that the network’s plumbing “was working throughout the entire process,” and reorgs naturally purge faulty transactions, effectively sending them “through the poop shoot [sic] like they were never there.”
The comparison didn’t land with Taylor Monahan, an on-chain sleuth and noted security expert, who warned in an X post that crypto projects should not strike a sanguine tone when unpacking technical issues that ultimately put users’ money on the line.
Litecoin’s X account, at times, has elbowed other networks for facing technical hurdles. When Solana suffered from network congestion and degraded performance in January 2025, for example, Litecoin called Solana “literally the pimple on crypto’s ass.”
Aurora Labs CEO Alex Shevchenko speculated in an X post that the attack was coordinated, while noting in a separate post that NEAR Intents, a multi-chain protocol, had around $600,000 in potential exposure. He later questioned whether the bug had truly gone undetected because some miners were running software where the vulnerability had already been patched.
Reorgs are possible on proof-of-work networks like Bitcoin, and the longest one that the asset’s network underwent rolled back 53 blocks in 2010, according to Bitcoin Magazine. At the time, a faulty transaction created 184 billion Bitcoin, which were later wiped away.
At a total value of $4.2 billion, Litecoin stood as the 25th largest cryptocurrency by market cap on Monday, according to CoinGecko. The digital asset’s price peaked around $410 nearly five years ago, while recently changing hands around $55.35—down about 1% over the last 24 hours.
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Start every day with the top news stories right now, plus original features, a podcast, videos and more.
