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Death of the oldest living tortoise was just a crypto scam

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Death of the oldest living tortoise was just a crypto scam

The reported death of Jonathan, the world’s oldest tortoise, was instead a ploy by crypto scammers to trick people into buying an unaffiliated cryptocurrency.

Major news outlets such as the BBC, USA Today, and Daily Mail reported that Jonathan, a Seychelles giant tortoise, passed away yesterday at the age of 194.

The publications based the reports on the claims of “@JoeHollinsVet,” an X account that claimed to be his veterinarian. 

The account announced, “Heartbroken to share that our beloved Jonathan, the world’s oldest living land animal, has passed away today peacefully on St. Helena.”

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It said, “As his vet for many years, it was an honor to care for him—hand-feeding bananas, watching him bask in the sun, and marveling at his quiet wisdom.”

Thankfully, none of it was true. Jonathan’s real-life veterinarian, still named Joe Hollins, confirmed to USA Today that they don’t have an account on X and that the posts are a hoax. 

Read more: Apple support imposter to pay back $1.2M after stealing NFTs and crypto

He said, “Jonathan the tortoise is very much alive. I believe on X the person purporting to be me is asking for crypto donations, so it’s not even an April Fool joke. It’s a con.”

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Jonathan the tortoise does not care for crypto

Jonathan has lived in a sanctuary on the island of St Helena since 1882. Here, at the plantation house owned by the island’s governor, Nigel Phillips, Jonathan spends his days as one of the oldest known living land mammals to date.

He reportedly suffers from cataracts and has lost his sense of smell. Regardless, he is still healthy and maintains an active libido with two younger tortoises on the island. 

When Phillips woke up to the false reports, he rushed to check if Jonathan was okay and discovered him sleeping under a tree in his paddock.

Phillips told The Guardian that Jonathan often likes to graze on grass and that, “One day a week he is fed fruit, veg and salad to ensure he gets essential minerals. He has a sweet tooth. Tourists occasionally come to view him, but that is carefully managed to ensure the animals are not stressed.”

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The pretender account, which is based in Brazil, is claiming that it was all just an April Fools’ joke. 

Protos has removed the crypto address out of respect for Jonathan.

This is despite the account claiming earlier, while promoting another Jonathan-themed account with a linked memecoin, that it wasn’t an April Fools’ joke.

The X account shared the memecoin’s crypto address and also had it in its bio, but it has since removed it. 

The market cap of the Jonathan-themed token shot up 376% from $25,000 to $119,000 during yesterday’s false posts. 

It has since fallen back down to $34,000 and now sits at $74,000 at the time of writing.

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Read more: Inside the $280M Drift hack: weeks of setup, minutes to drain

Messy crypto April Fools

Other questionable April Fools jokes yesterday included a fake acquisition that moved the price of a protocol firm’s token, $LQTY, drawing accusations of market manipulation. 

Another crypto firm called Hyperbridge claimed it was breached as part of an April Fools’ joke. Unfortunately, a crypto protocol called Drift was actually hacked later that day, and I had to stress that it wasn’t an April Fools’ joke. 

The protocol lost roughly $280 million to the hackers after a week-long operation managed to exploit its multisig wallet.

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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Crypto World

Altura Launches Onchain Gold Arbitrage Vault for Retail Users

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Altura Launches Onchain Gold Arbitrage Vault for Retail Users

Altura, a decentralized finance protocol founded by former Fidelity and PwC staff is launching an onchain gold arbitrage strategy aimed at retail investors, targeting 20% annualized returns, according to a Thursday release shared with Cointelegraph.

According to Altura, the product pools user deposits into a vault that recycles capital through short-duration physical gold trades. Unlike platforms like Robinhood or Revolut that offer passive gold price exposure, Altura claims to be tokenizing the underlying arbitrage process itself.

The company says it has raised $4 million in funding and has already facilitated the movement of about 185 kilograms of gold, representing roughly $28.5 million in cumulative transaction volume, per the release. 

Matthew Pinnock, co-founder and chief operating officer of Altura, told Cointelegraph the goal is to “bring an institutional-style gold strategy onchain in a way that retail investors can actually access.”

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The launch comes as spot gold trades near record levels after surging to an all-time high above $5,300 an ounce in January, though it has since pulled back sharply. Altura’s launch points to a new phase in tokenized real-world assets, where projects are no longer just offering passive exposure to commodities but are trying to package institutional trading strategies as onchain DeFi yield products for retail users.

A strategy typically reserved for institutional traders

Pinnock said Altura’s “revenue-generating trading strategy” was historically used by institutional commodities desks, and that high capital requirements, legal complexity and counterparty risk in traditional bullion arbitrage have effectively kept smaller investors out of this type of trade.

Gold price over the last 12 months. Source: Trading Economics

Gold purchased on behalf of Altura by its trading partner Inessa is tokenized at acquisition, Pinnock said, with those tokens escrowed through each trade and custody transitions recorded via dual cryptographic signatures. Depositors do not hold direct title to bullion but gain exposure to returns generated by the trade flow, he added.

Altura’s setup depends on a network of offchain actors. The company says it is working with Aurellion Labs and Inessa, which in turn partners with air-cargo specialist Zeal Global, to execute and verify trades.

Related: Gold hits record high over $5K, further diverging from Bitcoin

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On the targeted 20% yields, Pinnock said the strategy is structured to be “close to delta-neutral,” with trade terms agreed before logistics execution begins so that returns come from price discrepancies between counterparties rather than directional bets on the gold price.

Each arbitrage cycle typically completes within one to two days, allowing capital to be recycled multiple times and limiting exposure to spot moves, he said, while acknowledging that yields would compress if pricing inefficiencies narrow.

Related: Tokenized gold drives weekend price signals while CME futures are closed

Rising interest in real-world yields

The launch comes amid rising interest in “real-world” DeFi yields, as tokenized asset and RWA protocols grew to roughly $17 billion in total value locked in December 2025, according to DefiLlama data.

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However, a joint report by RWA.io and Veritas Protocol in that same month found that losses from onchain operational failures in tokenized RWA markets rose to $14.6 million in the first half of 2025, a 143% increase from the previous year, highlighting how complex offchain structures can still translate into user losses.

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