Cardano founder Charles Hoskinson has claimed that the identity of the presumably white hat hacker who took $18.5 million worth of ADA from exposed Cardano wallet users is unknown.

In an X talk yesterday called The Bingo Hall, Hoskinson claimed that he was informed by “Jer” of what went down in a meeting between the Cardano governance firm Intersect and the developers of SecondFi, Emurgo.

A clipped snippet of the talk shows Hoskinson claiming that “A member of the Emurgo team said the identity of the white hat hacker is not known to Emurgo.” He shortly added, “or at least [Emurgo] said it is not affiliated with Emurgo.” 

“That’s probably a fair representation of the statement,” Hoskinson said, before noting that it was a secondhand recollection from the meeting by Jer.

Read more: Cardano wallets drained of $2.4M after self-custody exploit

He said, “I don’t particularly care if it’s Joe Schmo, Emurgo, or a third-party, doesn’t matter to me,” noting that his only concern is how they are going to move the funds and return them to affected users. 

Days before this, X users had already begun to speculate whether or not Emurgo knew who the white hat hacker was. 

Now, X users are doubting whether Emurgo knew the white hat hacker, with some calling for a police investigation into the firm. Others, however, are hoping Hoskinson’s claims are just a “miscommunication.”

SecondFi claims it triggered emergency measures

SecondFi, one of the largest Cardano wallet generators, was exploited earlier this week, and 16 million ADA ($2.4 million) was reported stolen from user wallets.

However, another 129 million ADA ($18.5 million) was also taken, but SecondFi later claimed that it was the result of an emergency measure it had deployed to secure the funds. 

It said, “To prevent total loss during the active exploit, emergency rescue measures were triggered to secure the available ~129m ADA and continues to be routed to an independent, qualified third-party custodian, where they are held securely for the benefit of the affected wallet addresses.”

“An external accounting firm has been engaged for a special audit to independently verify those holdings,” it added.

Intersect’s latest post on the exploit yesterday demanded “a transparent account of how the issue arose, of the emergency measures taken to protect user assets, including the movement of at-risk funds to custody, and of how those assets, which include CNTs and NFTs as well as ada, will be safeguarded and returned.”

Intersect stresses Cardano blockchain isn’t broken

Intersect stressed that the exploit has nothing to do with the Cardano blockchain itself.

However, it noted that the implications of the exploit may impact the flow of ADA across the ecosystem.

SecondFi’s latest statement claims it took a final balance snapshot today and estimates thait will return lost user assetsed in two weeks’ time. 

Read more: Hoskinson wants to save Cardano’s rep by leaving X for Discord safespace

This isn’t guaranteed, and the firm noted that it is still trying to reach a “working solution” before it proceeds to test and review the asset return process. 

It still advises users not to move to new wallets and warns, “Independent actions taken outside of official guidance create additional risks, and may significantly complicate the asset claims process.”

Protos has reached out to Emurgo for comment and will update this piece should we hear anything back. 

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Securitize, one of the largest providers of tokenization infrastructure for Wall Street, expects to raise about $400 million as it prepares to go public through a merger with a Cantor Fitzgerald-backed special purpose acquisition company.

The company said Friday that, following lower-than-expected shareholder redemptions, the business combination with Cantor Equity Partners II (CEPT) is expected to generate roughly $400 million in gross proceeds, including private investment in private equity (PIPE) financing.

CEPT was 8% higher following the news.

The transaction is scheduled to close on July 1, pending shareholder approval on June 29 and other customary closing conditions. The combined company is expected to begin trading on the New York Stock Exchange the following day under the ticker SECZ.

Tokenization — the process of representing assets such as funds, bonds and private credit on blockchain networks — has become one of Wall Street’s fastest-growing digital asset initiatives. The market for tokenized real-world assets has grown to more than $30 billion excluding stablecoins, according to rwa.xyz, while Boston Consulting Group and Ripple project it could reach $18.9 trillion by 2033.

Recently, United States Vice President JD Vance reportedly joined a dinner with donors, including Brian Armstrong, as part of his efforts to fundraise for the Republican Party.

The dinner was held at the home of All-In podcast host Chamath Palihapitiya and included approximately two dozen donors, including Lip-Bu Tan, the chief executive of Intel.

This fundraising dinner reportedly raised approximately $4.2 million, with Axios reporting that donors each paid $250,000.

The market capitalization of Strategy’s STRC, the once-$10.5 billion stock that was supposed to pay better than a high-yield bank account or money market, sank to another all-time low beneath $7.2 billion this morning.

For four uninterrupted days, the stock has crashed lower each day. By 9:33am today, it was trading 29% beneath the par value the company advertises.

Indeed, the price of each STRC share is supposed to trade at $100 while Strategy pays shareholders an 11.5% annualized dividend.

Shares were, in fact, trading at $100 as recently as May 14. Well, this morning, they were trading at $71.25.

Bitcoin will pay for everything if it rallies 30% a year

Strategy is a bitcoin (BTC) acquisition company whose founder Michael Saylor believes BTC is going to rally annually with a compounded annual growth rate (CAGR) near 30%. He even created a calculator to forecast the price of his company’s common stock, MSTR, under the assumption that BTC would never have a down year.

Based on his bullish conviction, Strategy issues a variety of securities that pay far less than Saylor’s forecasted rally in BTC, under the assumption that Strategy’s BTC holdings will eventually rally enough to make up for all of its payouts.

It will come as a surprise to no one that BTC has not rallied that much recently. Over the last five years, the CAGR of BTC is less than 13%.

Embarrassingly, Strategy president Phong Le publicly admitted a few months ago that retail investors hold about 80% of the supply of STRC, meaning that the damage is disproportionately affecting working-class investors who listened to the company’s forecast.

U.S. senators have urged the Commodity Futures Trading Commission to investigate Polymarket over allegations that the prediction market platform used deceptive advertising to reach American users despite restricting access in the country.

According to a letter obtained by The Wall Street Journal, Senators Adam Schiff and John Curtis asked CFTC Chair Michael Selig to examine claims that Polymarket promoted its markets through simulated trading websites, staged transactions, and undisclosed paid influencer campaigns. The lawmakers wrote that, if the allegations are accurate, they warrant immediate regulatory scrutiny.

The request follows a Wall Street Journal investigation alleging that Polymarket hired content creators to record trades using fake trading interfaces instead of the live platform.

The report also claimed some influencers failed to disclose they were being paid and that promotional material exaggerated potential winnings, creating a misleading impression for U.S. audiences, even though the platform does not serve domestic users.

The senators requested that the CFTC provide a written response by July 10 stating whether it has opened an investigation into the allegations. If the regulator has decided against pursuing the matter, they asked it to explain that decision.

Lawmakers question CFTC oversight of prediction markets

Beyond the advertising allegations, Schiff and Curtis asked the CFTC to outline the consumer safeguards it currently expects prediction market operators to maintain. Their questions covered advertising standards, age verification, responsible gaming tools, addiction warnings, affiliate marketing practices, and disclosure requirements for influencer promotions.

The lawmakers also challenged whether the agency has the authority, expertise, and resources needed to carry out responsibilities traditionally handled by state and tribal gaming regulators. Their letter asked whether the CFTC can deliver comparable licensing, enforcement, and consumer-protection measures while continuing to argue that prediction markets fall under its exclusive jurisdiction.

Those concerns arrive as the CFTC continues defending that position in court. Earlier this week, the regulator sued Kentucky after state authorities moved against prediction market operators, including Polymarket and Kalshi, arguing that federal law gives the agency sole oversight of those products.

Schiff and Curtis cautioned the regulator against allowing federal oversight to become a way for companies to avoid state or tribal gaming laws or weaken consumer protections through misleading promotional campaigns.

Regulatory pressure extends beyond prediction markets

The letter lands during a period of increasing debate over how the CFTC is supervising crypto-linked derivatives.

Last week, CME Group sued the regulator and Chairman Michael Selig after the agency approved U.S. crypto perpetual futures, arguing the contracts should be classified as swaps rather than futures under the Dodd-Frank Act.

According to CME’s complaint, the CFTC departed from its long-standing interpretation of perpetual-style contracts and approved the products without going through formal rulemaking. CME Chief Executive Terrence Duffy had previously stated that the exchange planned legal action after platforms including Kalshi and Coinbase received approval to list regulated crypto perpetual futures.

On Friday, the CFTC and the Securities and Exchange Commission opened a 60-day public consultation on crypto derivatives regulation. The agencies are seeking feedback on portfolio margining across securities, swaps, futures, and related products while separately reviewing whether Dodd-Frank definitions governing swaps and security-based swaps still match current derivatives markets.

SEC Chair Paul Atkins said closer coordination between the two regulators could improve market efficiency, strengthen consumer protections, and reduce overlapping regulatory responsibilities as crypto derivatives and tokenized financial products continue to expand in the U.S.

Remittix has urged RTX presale buyers to register wallets ahead of the upcoming token distribution.

Remittix has issued a major reminder to RTX holders as airdrop registration continues ahead of the upcoming token distribution phase. Presale buyers are now being encouraged to register their wallets through the official Remittix site before distribution begins.

The update has added fresh urgency across the Remittix community, with holders moving to complete registration and stay connected before the next launch-stage announcement. As attention builds around the upcoming RTX launch price reveal, wallet registration has become one of the most important steps for presale participants.

Wallet registration is now the key step

The Remittix airdrop refers to the distribution of RTX tokens purchased during the presale. This is not being positioned as a separate free-token giveaway, but as the process linked to getting presale tokens ready for holders.

To register, users need to visit the official Remittix airdrop registration page, connect their wallet, submit their wallet address, and complete the registration page. There is also an optional section where users can add notification details to receive future updates linked to the airdrop and token distribution process.

Once the process has been completed, the page confirms that the user has successfully registered.

For RTX holders, this step is important because it helps keep them updated as Remittix moves closer to token distribution. The community is being urged to use only official Remittix links and avoid connecting wallets to any unofficial pages or accounts.

Token distribution moves closer

With registration now live, the focus is shifting toward the next phase of the Remittix launch process. Presale holders have been waiting for clearer updates on token distribution, launch price, and wider exchange activity.

The launch price reveal remains one of the most-watched updates in the Remittix community. As that announcement moves closer, wallet registration gives holders a direct action to take now instead of waiting on the sidelines.

This is why the current update has created renewed attention around the project. It gives RTX buyers a clear checkpoint before the launch phase begins and helps bring the community back into focus.

Live platform adds more confidence

The registration update also comes as Remittix continues to highlight its live crypto-to-fiat platform. The platform is designed to let users send crypto while recipients receive fiat directly into their bank accounts.

Multiple community members have reportedly received fiat payments into their bank accounts through the Remittix system, giving the project an active utility story alongside its token launch preparations.

That combination is now driving the latest wave of attention around Remittix. The platform is live, airdrop registration is open, and the community is waiting for the launch price reveal.

For RTX holders, the message is simple. Register your wallet through the official Remittix site, stay alert for future updates, and make sure you are prepared before token distribution begins.

For more information, visit the official website and airdrop registration.

FAQ

What is the Remittix airdrop for?

The Remittix airdrop refers to the distribution of RTX tokens purchased by holders during the presale, rather than a separate free-token giveaway.

How do RTX holders register for the airdrop?

Holders can register through the official Remittix site by connecting their wallet, submitting their wallet address and completing the registration process.

Why is the Remittix launch price reveal important?

The launch price reveal is one of the biggest upcoming updates because it will help shape expectations around RTX as the project moves from presale into its launch phase.