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Trump Media is reporting a first quarter loss that widened to four hundred and six million dollars, driven largely by unrealized losses on its cryptocurrency holdings. Two hundred and forty four million of that came from bitcoin and crypto markdowns alone, raising serious questions about the company's decision to anchor its balance sheet in volatile digital assets.
Across the Pacific, Australian federal police have seized four point two million dollars in bitcoin from two men facing money laundering and drug charges tied to an alleged darknet marketplace operation. It's a reminder that law enforcement's ability to trace and recover cryptocurrency on-chain has grown considerably more sophisticated than many bad actors seem to anticipate.
Closer to the infrastructure layer, cPanel has had what security researchers are calling a black week, patching three new vulnerabilities after a ransomware attack swept through roughly forty four thousand servers. cPanel powers an enormous share of the web's hosting infrastructure, so when attackers find a foothold there, the blast radius is wide and the patch cycle becomes urgent for administrators everywhere.
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