TLDR:

• Cardano Summit 2026 proposal requests $2.8M, reflecting a broader global expansion strategy in Singapore.
• Dual-event approach with TOKEN2049 aims to boost institutional reach and ecosystem visibility.
• Treasury funding includes strict oversight, milestone payments, and real-time transparency dashboards.
• Community vote will decide the proposal, with no revised plan if funding approval is denied.

Cardano Summit 2026 is at the center of a new treasury proposal that has sparked discussion across the Cardano ecosystem.

The Cardano Foundation confirmed it is reviewing community feedback regarding funding for the planned event and its alignment with TOKEN2049 in Singapore.

The proposal outlines a larger budget than previous years, reflecting a broader strategy aimed at institutional engagement during challenging market conditions while maintaining transparency and accountability.

Strategic Expansion and Budget Rationale

The Cardano Summit 2026 proposal introduces a notable increase in projected costs compared to earlier expectations.

The total budget now approaches $2.8 million, exceeding the previously discussed $1.2 million framework. This adjustment follows internal discussions and ecosystem developments that encouraged a broader global presence.

According to statements shared via the Cardano Foundation’s official communication channels, the decision reflects an effort to position Cardano as active despite market cycles.

The tweet emphasized that the initiative is designed as an anti-cyclical investment, reinforcing long-term ecosystem growth.

The higher costs are also linked to Singapore’s operating environment. Event logistics, vendor services, and general expenses in Singapore exceed those of previous locations such as Berlin. These factors collectively shaped the revised treasury request.

At the same time, sponsorship expectations remain conservative. The proposal assumes limited growth in sponsorship revenue, citing current market conditions. Lower ticket pricing, introduced after community feedback, also contributes to the funding gap.

Dual-Event Strategy with TOKEN2049

The integration of Cardano Summit 2026 with TOKEN2049 forms a central element of the proposal. This combined approach aims to leverage an existing global audience, offering access to institutional participants, developers, and media representatives gathered in Singapore.

The Cardano Foundation noted that TOKEN2049 attracts over 25,000 attendees, creating exposure levels difficult to replicate independently.

This environment provides opportunities for networking, partnerships, and ecosystem visibility within a concentrated timeframe.

As part of the sponsorship package, Cardano would secure a large exhibition space and a dedicated stage for ecosystem builders.

The arrangement also includes keynote speaking opportunities and promotional support across TOKEN2049 channels.

The scheduling decision also reflects regional strategy. Hosting the event in Singapore brings the Cardano Summit to the Asia-Pacific region for the first time. This move aligns with efforts to engage financial institutions and regulators within a global financial hub.

Governance, Oversight, and Community Accountability

The Cardano Summit 2026 proposal introduces structured oversight mechanisms designed to address community concerns about treasury usage.

Funds would be managed through audited smart contracts, with milestone-based disbursements tied to event delivery.

An oversight committee comprising ecosystem participants, including Sundae Labs and NMKR, would monitor progress.

This group holds authority to pause or adjust funding milestones if necessary, ensuring adherence to defined objectives.

Transparency measures include a public dashboard that tracks fund allocation and performance indicators in real time. Independent audits are also planned, continuing practices established during the 2025 Summit.

Key performance targets have been defined across multiple categories. These include attendee numbers, enterprise engagement, media reach, and developer participation. Metrics related to TOKEN2049 participation and hackathon outcomes are also included.

The proposal outlines clear provisions for unused funds. Any surplus or gains resulting from price appreciation would be returned to the treasury within six months.

If the proposal does not pass, the Cardano Summit 2026 will not proceed, and alternative initiatives will be considered.

BNB holds steady as BlockchainFX presale draws attention from early-stage investors.

Timing is everything in crypto, and right now, two names are making serious noise — BNB holding steady around $600, and BlockchainFX (BFX) sitting at just $0.035 in what could be its final presale days. 

While BNB veterans know the value of getting in early on a strong ecosystem play, BFX is one of the best crypto presales to buy now for investors who want ground-floor access before a major exchange launch reshapes the leaderboard.

BlockchainFX has raised over $14.23m and is closing in fast on its $15m softcap — the trigger point for its full exchange launch. With 23,250+ participants already in and a limited-time bonus code LAUNCH50 unlocking 50% extra BFX tokens, the window to get in at this price is genuinely shrinking. This is not a drill.

BFX is about to launch and the countdown has officially started

BlockchainFX is a next-generation crypto super app that lets users trade crypto, stocks, forex, ETFs, and commodities all in one decentralized platform. Awarded “Best New Crypto Trading App of 2025,” it’s licensed by the Anjouan Offshore Finance Authority and already live in beta with thousands of daily active users. The current presale price is $0.035, with a launch price set at $0.05, meaning every token bought today is already priced below the listing floor.

What makes BlockchainFX genuinely different is that it functions like a DeFi version of Binance and Coinbase combined, but with full asset ownership and no exchange custody risk. Users keep control of their wallets, trade across asset classes, and still earn daily staking rewards in both BFX and USDT. That combination, trading freedom plus passive income, is rare, and it’s one reason why the platform’s beta feedback has been overwhelmingly positive.

LAUNCH50: 50% more tokens, one code, one last chance

Here’s where the numbers get interesting. The bonus code LAUNCH50 is live right now, giving every buyer 50% more BFX tokens on top of their purchase, a celebration of the impending launch. So a $10,000 investment at $0.035 gets approximately 285,714 BFX tokens normally, but with LAUNCH50 applied, that jumps to around 428,571 BFX tokens. At the $1 post-launch price analysts are pointing to, that’s a potential return of $428,571 from a $10,000 entry. The math speaks for itself.

Analysts have floated post-launch predictions ranging from $8 to $10 long-term, but even the conservative $1 target represents a massive multiple from the current presale price. Once BFX hits its $15m softcap, the presale closes, and this price is gone permanently. 

Spend $100 or more in BFX, and automatically enter into the $500,000 Gleam giveaway — with prizes starting at $20,000 and a top prize of $250,000 in BFX tokens. The best crypto presale to buy now has a deadline, and that deadline is approaching fast.

BNB holds steady at $607 but the ATH feels like a distant memory

BNB is currently trading around $607.58, functioning reliably as the backbone of the BNB Chain ecosystem. It handles transaction fees across BNB Smart Chain, opBNB Layer 2 solutions, and BNB Greenfield, while also serving as a governance token that gives holders actual voting power in protocol decisions. For long-term BNB holders, the utility case remains intact, and the ecosystem continues to expand.

That said, BNB’s all-time high of $1,370.55 hit six months ago, and the current price reflects a market that has pulled back considerably since then. Sitting roughly 55% below its peak, BNB is still a solid large-cap holding for those who believe in the BNB Chain ecosystem long-term – though new buyers at current levels are playing a different game than those who got in early and watched it run.

One of the best crypto presales right now has a launch date coming 

Based on the latest research, the best crypto presale to buy now is BlockchainFX, and the case has rarely been cleaner. Over $14.23m raised, 23,250+ holders, a working product, regulated status, and an explosive bonus offer with LAUNCH50 make the entry price even more attractive. 

When the $15m softcap is hit, the presale ends and the token lists — there’s no negotiating with that timeline. The best crypto presale opportunities don’t stay open forever, and this one is already in its final stretch. Visit the BlockchainFX website before the next price move makes today look cheap.

For more information, visit the official website, X, and Telegram.

• Chainlink price rose to highs of $9.42 as LINK mirrored broader gains.
• Bitcoin’s surge to $74,500 could embolden LINK bulls to challenge resistance around $10.
• The supply zone has capped upside for months.

Chainlink (LINK) price is once again pressing into the robust supply zone near $10, with intraday gains to $9.42 outlining bulls’ intentions.

Despite sentiment around most altcoins being cautiously optimistic, largely due to what happens next after Bitcoin’s upswing to $74,500, gains for LINK above $9.50 could see buyers target $12.

In this case, the 80% jump in daily volume may indicate an upbeat outlook, particularly if the bellwether asset BTC pumps further.

​Chainlink tests resistance amid broader market gains

​The Chainlink price is up nearly 6% in the past 24 hours, joining the rest of the market in riding the upside momentum in BTC.

However, LINK has notably underperformed the wider market over the past months, repeatedly failing to secure a sustained break above the $9.40-$10 area.

​The underperformance has held despite the project’s steady stream of ecosystem milestones and integrations.

Amid this outlook is the token’s rebound from a nearby demand zone, but it continues to face heavy pressure as bulls pare gains seen as prices rose to $9.42.

The region thus remains key to sellers who have consistently faded rallies and defended prior breakdown levels.

​At the same time, analysts view $10 as a decisive short‑term line in the sand: bulls need a clean daily close above this level.

If this is backed by strong volume, it could flip market structure from defensive to constructive and open a path toward the $11.5-$12 region.

Until that happens, the prevailing pattern of lower highs since November keeps bulls on the back foot and allows bears to reassert control on every test of resistance.

​Chainlink price: Technical analysis

​On the technical front, Chainlink is trading near a key inflection zone, with several indicators hinting that downside momentum is waning even as resistance remains firm.

Lower time‑frame charts show prices attempting to build a base above recent demand.

​LINK’s Bollinger Bands setup indicates the bands have compressed significantly, a classic precursor to a reversal.

​Meanwhile, higher time frames highlight constructive setups, including a golden cross pattern.

The MACD continues to hover around or slightly above the zero line, a posture that typically accompanies early trend reversals rather than deep distribution.

For the immediate outlook, traders are likely to watch immediate resistance at $9.50-$10.

The area marks the region where repeated rejections have formed a tight supply wall.

Near-term support lies around the $8 zone, which may be revisited if a broader pullback hits crypto.

Cardano holds attention as investors rotate toward early-stage crypto presales like BlockchainFX.

How many people ignore the signs of a massive crypto shift and fail to invest at the right time? Watching others turn small change into life-changing wealth while someone sits on the sidelines is a cycle that needs to end. 

Finding the best crypto presale to buy now is the only way to secure a spot before the next big breakout.

The market currently watches the Cardano (ADA) price news as traders search for more utility and faster growth. This shift has led thousands to BlockchainFX (BFX), a project bridging the gap between digital assets and global finance. It is currently the best crypto presale to buy now for anyone wanting more than just another meme token.

BlockchainFX: The bridge to global wealth and the best crypto presale to buy now

BlockchainFX is not just a trading platform; it is a licensed multi-asset Super App. It solves the massive problem of switching between different brokers for different assets. Community members can trade 500+ assets, including crypto, stocks, gold, and forex, from a single web3 interface. This unified approach is exactly why the BFX crypto presale 2026 is moving at light speed.

The platform offers a revenue-sharing model that turns participants into stakeholders. Instead of keeping all the money, BlockchainFX redistributes up to 70% of platform fees back to those who stake their tokens. This includes 50% paid daily in USDT and BFX, plus a 20% buyback and burn strategy to keep the supply tight.

Why early adopters are rushing in

The project is backed by a team with 25 years of experience across fintech and web3. This deep expertise has already attracted 23,300+ participants who see the massive gap in the market. While crypto volume is only $89B daily, the Forex market handles $7.5 trillion. BlockchainFX is positioned to capture that 99% gap that standard exchanges like Uniswap don’t touch.

Massive presale figures and growth potential

The BFX crypto presale 2026 has already raised over $14.24M. The current price is $0.035, but the price increases as milestones are hit because demand is outstripping the fixed supply. The confirmed launch price is $0.05, which creates a built-in profit for anyone getting in today. By using the bonus code LAUNCH50, early buyers get an extra 50% BFX tokens instantly.

• Raised: $14.24 million+ (Rising toward $15M launch)
• Current Price: $0.035 (Entry floor)
• Launch Price: $0.05 (Guaranteed upside)
• Participants: 23,300+ (Rapidly growing community)
• Bonus Code: LAUNCH50 (Claim 50% extra tokens)

$500,000 community giveaway

To keep the momentum high, a $500,000 giveaway is rewarding the community with BFX tokens.

1. 1st Place: $120,000 in $BFX
2. 2nd Place: $80,000 in $BFX
3. 3rd Place: $60,000 in $BFX
4. 4th-10th: Prizes ranging from $50,000 to $15,000

Big announcement: The 15m rule and bonus code LAUNCH50

The excitement is peaking because BlockchainFX is just a tiny fraction away from the $15M mark. The team announced that once the presale hits 15M, the project will officially launch on public exchanges. This means the chance to use the LAUNCH50 code to get 50% extra tokens is almost over. This is the final call to grab the lowest price before the “Founder’s Club” benefits disappear forever.

Missing the Cardano price news millionaire run

Think back to the Cardano ICO price of only $0.0024. Most people laughed at it or said it would never work, but those who saw the potential became millionaires as it multiplied by over 1,000x. It was a massive wealth transfer that changed lives for those who were brave enough to get in at the right time.

For those who missed that boat, it is easy to feel like they are too late for crypto success. However, the market is constantly birthing new leaders. Missing out on the past is a lesson, not a life sentence. The real tragedy is seeing a new powerhouse like BFX and making the same mistake twice by hesitating.

Is the BlockchainFX presale the best crypto presale to buy now?

Don’t let this be another story about another missed opportunity. Visit the BlockchainFX presale right now to secure tokens and a piece of a $7.5T market opportunity. The clock is ticking toward the $15M milestone, and once it hits, these prices and the 50% bonus are gone for good.

For more information, visit the official website, X, and Telegram.

Major cryptocurrencies are rising alongside gains in U.S. equities as oil prices shed the war premium built up in recent weeks. But broader market participation remains elusive and limited to only a few coins.

Bitcoin BTC$74,400.34 and ether (ETH) have risen 5% and 9%, respectively, in the past 24 hours as digital asset treasury firms like Strategy (MSTR) and Bitmine (BMNR) sustain strong demand and traders seek bullish exposure via futures. More importantly, perpetual funding rates are positive, but remain below 10% for both assets, indicating healthy demand for bullish bets without signs of overheating — a Goldilocks scenario.

Solana’s SOL has bounced to the mid-$80s, but it has been here before several times in recent weeks and still doesn’t offer directional clarity. A similar conclusion can be drawn for the payments-focused token XRP.

Analysts are bullish, but want to see BTC establish a foothold above $74,000-$75,000.

“A victory for the bulls in this battle will pave an easier path to the $87K–$90K range, where the 200-day MA and the November–January support are located. Optimism in global markets increases the chances of reaching these heights in the coming days, but before rising above $90K, Bitcoin may require a lengthy period of consolidation and cooling off,” Alex Kuptsikevich, chief market analyst at FxPro, said in an email.

The digital asset services wing of the Marex Group stressed that bitcoin needs to hold above $74,000 without the market becoming overheated with excess leverage.

“If bitcoin can consolidate above 73k to 74k without funding overheating, this can extend. If it gives it back quickly, it confirms that the move was mostly headline and squeeze, not a true demand shift,” Marex’s crypto trading analysts said.

Select altcoins, such as ZEC, HYPE, and AAVE, and memecoins, such as PEPE, continue to rally. HYPE’s parent platform, Hyperliquid, is increasingly capturing share in the perpetual futures market from centralized exchanges (CEXs). Data shared by Hyperliquid News shows the decentralized platform’s share of open interest relative to CEXs climbed to a new all-time high of 6.9%.

The broader market, however, has yet to participate fully in the bitcoin rally. That’s evident from traditional metrics measuring market breadth based on price performance filters.

For instance, BTC’s price is now convincingly above its 50-day moving average — a bullish signal, according to analysts. However, only 51 of the top 100 coins (including BTC) are showing the same behavior, according to data source TradingView.

In traditional markets, the dollar index continued to fall, hitting five-week lows as war fears eased. The sustained decline supports the bullish case in risk assets. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”

What’s trending

Today’s signal

The chart displays bitcoin’s daily price movements in candlestick format, overlaid with the Ichimoku Cloud indicator.

Prices have risen over 5% in 24 hours, surpassing the trendline drawn off the October high. This downward line represented the bear market characterized by prices forming lower and lower highs. The breakout, therefore, points to a major demand revival and points to more gains ahead.

The case for a rally to $80,000 and higher would strengthen further if prices move above the Ichimoku Cloud, a technical indicator developed in the late 1930s by Japanese journalist Goichi Hosoda and popularized in the 1960s. The cloud helps visualize trend direction and momentum, with price trading above it typically signaling a stronger bullish structure.

Key Takeaways

• Bernstein maintains its Outperform rating on HOOD with a $130 price target, banking on cryptocurrency resurgence and expanding prediction markets.
• HOOD shares have plummeted 53% from their 52-week peak of $153.86, now hovering between $69 and $71.
• Bernstein’s revenue projections for 2026 exceed consensus by 9%, while EPS estimates are 16% higher; their crypto revenue outlook is 31% above street expectations.
• Several analysts have reduced their targets, including Morgan Stanley (down to $95), Truist (lowered to $100), and Mizuho (cut to $105), although most retain positive ratings.
• CEO Vladimir Tenev and company insiders offloaded nearly 470,000 shares worth approximately $34.16 million in the last quarter, while institutional player Robeco increased its position by 83%.

Robinhood Markets (HOOD) is experiencing turbulent times. Shares have collapsed more than 53% from their 52-week peak of $153.86, currently hovering in the $69–$71 range. This represents a dramatic reversal for a platform that recently benefited from cryptocurrency mania and surging retail investor activity.

Robinhood Markets, Inc., HOOD

Yet Bernstein SocGen Group remains undeterred. The investment firm reaffirmed its Outperform rating Monday, maintaining a $130 price target that suggests significant upside from current levels. Their bullish stance hinges on two key catalysts: a rebound in cryptocurrency markets and expanding revenue from prediction markets.

Bernstein’s projections stand notably above Wall Street consensus. The firm’s 2026 revenue forecast exceeds the street by 9%, while their earnings per share estimates run 16% higher. For cryptocurrency-related revenue specifically, Bernstein anticipates 2026 figures 31% above consensus expectations. The analysts suggest disappointing Q1 2026 results are already reflected in the current valuation.

The wider analyst community has adopted a more reserved posture. Morgan Stanley slashed its price objective from $147 down to $95 while downgrading to equal weight. Truist reduced its target from $120 to $100, and Mizuho lowered expectations from $135 to $105. Cantor Fitzgerald dropped its forecast from $130 to $100. Citizens adjusted from $180 to $155. Nevertheless, the consensus among 25 analysts maintains a “Moderate Buy” rating with an average target of $110.25.

Keefe, Bruyette & Woods launched coverage with a neutral market perform rating and $75 target—essentially aligned with current trading levels. Zacks took the most bearish stance, downgrading HOOD to strong sell.

Executive Stock Sales Draw Attention

Insider transaction activity has contributed to negative sentiment. During the past three months, company insiders collectively sold 469,239 shares generating approximately $34.16 million. CEO Vladimir Tenev alone divested 375,000 shares. CTO Jeffrey Pinner sold roughly 5,835 shares. Director Daniel Gallagher unloaded 10,000 shares. These sales were executed through pre-established Rule 10b5-1 trading arrangements.

Insiders continue to control approximately 19.95% of outstanding shares, and institutional activity presents a mixed picture. Cathie Wood’s ARK Invest recently acquired HOOD stock in a substantial multi-million dollar transaction. Robeco Institutional Asset Management expanded its position by 83% throughout Q4, purchasing an additional 474,081 shares to reach over 1 million shares valued at approximately $118 million.

Financial Performance Breakdown

HOOD’s fourth-quarter results showed strength on earnings—delivering $0.66 EPS compared to the $0.63 consensus—while falling short on revenue with $1.28 billion versus expectations of $1.32 billion. Revenue nevertheless climbed 26.5% year-over-year.

The platform expanded its retail trading revenue share to 14% in 2025, up from 11% in 2024, through diversification into cryptocurrency and prediction markets. HOOD currently captures 4% of total brokerage revenue within its addressable market.

Technically, shares trade below both the 50-day moving average of $75.27 and the 200-day moving average of $107.80. The stock touched a 52-week low of $39.21 during its recent decline. Market capitalization currently stands at approximately $62.29 billion with a price-to-earnings ratio of 33.59.

A potentially significant development emerged from Washington: Robinhood secured selection alongside BNY Mellon to administer the U.S. Treasury’s “Trump Accounts” child savings initiative, presenting a possible long-term customer acquisition opportunity. This represents the latest development worth monitoring.

• Cardano traded around $0.24 as bulls looked to bounce higher.
• Bitcoin’s uptick could boost ADA price to above $0.30.
• ADA trends with bearish bias and entrenched bears could plunge prices to new lows.

Cardano (ADA) price is up nearly 3% on Tuesday morning, trading around $0.24 as bulls struggle to mirror broader market gains.

While Bitcoin and Ethereum have climbed above $74,700 and $2,300 respectively, to hit multi-week highs, ADA is hovering at a key supply zone following a recent sharp pullback.

However, could ADA shed the bearish bias and ride a broader upside momentum? Or are bears so entrenched to leave Cardano facing deeper losses?

Cardano price today

ADA has gained about 3% over the past 24 hours, reaching $0.24 amid selective altcoin strength.

In comparison, Bitcoin surged over 5% to $74,552, Ethereum hovered near $2,194 after a minor dip, and Solana traded around $80 with limited upside.

Cardano derivatives data points to a slight bullish shift, with funding rates flipping positive in recent sessions and open interest climbing to roughly $436 million from $405 million on April 6.

This uptick in open interest reflects growing trader interest, though volumes remain cautious below recent peaks.

Bulls are defending the $0.24 zone, but failure here could trigger profit-taking aligned with broader market volatility.

ADA technical outlook

Cardano’s price action shows resilience at current levels, testing the upper trendline of a descending channel on the daily chart.

The token sits near its 50-day exponential moving average around $0.26, a pivotal level for any sustained recovery.

Holding above $0.24 keeps short-term hopes alive, bolstered by improving derivatives sentiment.

Yet, the broader technical picture leans bearish on higher timeframes, with RSI lingering below 50 and signaling potential for deeper pullbacks.

Cardano price forecast: Can ADA jump to $0.30?

Cardano may be struggling, but ADA has continued to attract dip-buying.

An example is wallets with at least 10 million ADA tokens, which have recently jumped to a 4-month high.

Santiment pointed to a 5.2% rise in 9 weeks, significantly up since prices bottomed on February 5, 2026.

Whale activity suggests a push to $0.30 remains plausible.

If ADA taps Bitcoin’s momentum, targeting the 100-day EMA as key overhead resistance.

Bulls have retested the level on four occasions since early February, with price consolidating at current levels over the past week.

Breaking the 50-day EMA at $0.26 first would validate the above outlook, potentially drawing in fresh longs amid rising open interest.

At the moment, positive funding rates further support the scenario, with further strength likely if shorts continue to pay longs.

On the flip side, entrenched bears could dominate if $0.24 gives way, eyeing notable support near $0.22. This will align the altcoin with channel downside projections.

Ethereum price rose over 9% on Tuesday amid a broader market rally fueled by renewed hopes of a more stable U.S.-Iran ceasefire soon. 

According to data from crypto.news, Ethereum (ETH) price rose 9.2% to a 10-week high of $2,393 on Tuesday, extending its gains to over 17% from its lowest point in a monthly period. 

Ethereum price rebounded higher following Bitcoin’s footsteps and a rally across the entire crypto market as investor demand for risk assets increased after reports revealed that Iran could likely give up on its uranium enrichment plans to secure a deal with the U.S., putting more weight on a potential ceasefire that had previously been very shaky. 

The largest altcoin by market cap has also benefited from aggressive buying by the Ethereum treasury company Bitmine.

Over the past week, Bitmine acquired another 71,524 ETH, bringing its total holdings to 4.875 million ETH, representing 4.04% of the total supply. According to the company’s chairman, Tom Lee, Ethereum could likely be in the final stages of the mini crypto winter. This suggests why the company has ramped up its ETH buying activity for the past 4 weeks and helped in stabilizing the asset’s floor price. 

Moreover, over $123.5 million worth of short positions were liquidated from the altcoin futures market. This came as the sudden uptick in the altcoin’s price caught short sellers off guard, forcing them to buy back the asset to cover their losses. 

On the daily chart, Ethereum price has confirmed breaking out of a descending parallel channel pattern that had been forming since early August 2025. Typically, a decisive breakout from the upper trendline of the pattern leads to an upside equal to the height of the channel itself. 

Such a move would put the breakout target at $3,400, up nearly 42% from the current price level.  The MACD lines have pointed upwards and have moved above the zero line, a sign that bullish momentum is returning. Meanwhile, the supertrend indicator remained in green for nearly a month. 

For now, $2,500 remains the next major psychological resistance to watch. On the contrary, if its price dips back below $2,100, it could signal a return to the consolidation zone.

A fake version of Ledger Live distributed via Apple’s App Store has been linked to at least $9.5 million in crypto theft, with victims now coming forward describing devastating losses, including entire retirement funds wiped out “in an instant.”

One victim, posting on X under the handle @glove, said he lost 5.9 BTC – his entire savings accumulated over a decade – after downloading what he believed was the official Ledger app while setting up a new computer.

“I lost my retirement fund in a hack/scam… All my BTC gone in an instant,” he wrote.

Blockchain investigator ZachXBT later traced the stolen 5.92 BTC, showing it was rapidly funneled through a series of transactions into KuCoin deposit addresses, consistent with a broader laundering pattern identified across the incident.

Apple and KuCoin did not immediately respond to requests for comment.

$9.5 million stolen across chains

X user @glove wasn’t the only victim. The phishing campaign, active between April 7 and April 13, impacted more than 50 suspected victims across Bitcoin, Ethereum-compatible networks, Tron, Solana and XRP.

Three of the largest victims lost seven-figure sums, with $3.23 million in USDT being stolen on April 9, $2.08 million of USDC on April 11 and $1.95 million in BTC, ETH and stETH being drained on April 8.

Cases like this typically prompt victims to enter their recovery phrase on an app, giving attackers full access to their wallets.

Laundering via KuCoin and ‘AudiA6’

Stolen funds were routed through more than 150 KuCoin deposit addresses and tied to “AudiA6,” a centralized crypto mixing service known for charging high fees to obfuscate illicit flows.

The reliance on a centralized exchange as a laundering hub is notable given KuCoin’s recent regulatory troubles. The exchange was barred from onboarding new EU users by Austrian regulators in February 2026, just months after receiving a MiCA license, and previously paid over $300 million to U.S. authorities to settle anti-money laundering violations in 2025.

App Store scrutiny

Apple removed the fake Ledger Live app from the App Store, but questions remain about how it passed review and how long it was available.

The scale of losses, coupled with the fact that the app was distributed through Apple’s official marketplace, could expose the company to legal risk, with ZachXBT suggesting the incident may form the basis for a class-action lawsuit.

Rising threat

The incident highlights a persistent threat that has marred the crypto industry over the past few years. In 2025 crypto investors lost around $17 billion to hacks and scams, with social engineering and phishing tactics leading the way in terms of attack vectors.

For victims, the damage is already done.

“I worked ten years for this,” the victim wrote. “Be careful out there.”