Today in Crypto, US President Donald Trump avoided questions about the sale from crypto venture amid political pressure on the digital asset bill. The founders of the entire protocol were accused of redirecting $23 million this year in token and infrastructure attacks flagged behind most of the $2.1 billion stolen by Crypto.
Side step through questions about encryption that Trump sells to pass major bills
US President Donald Trump did not answer a reporter’s question about whether he would sell from his family’s crypto venture to ensure the passage of major cryptocurrency laws.
“Many Democrats say they don’t support Congress’ cryptography because of your personal crypto ventures for you and your family,” a reporter told Trump during a press conference at the White House on Friday.
When asked if he would consider selling from his crypto venture to ease political pressure on Congress’s digital assets bill, Trump replied.
“I’ve become a fan of cryptography. For me, it’s the industry. I’m the industry, I’m the president. And if we didn’t have it, China would, but someone else would, but perhaps China controlled that industry.
We’ve created a very strong industry, and that’s far more important than what we invest in,” Trump said.
Overall Protocol DAO exceeds misuse claims for funds worth over $23 million
The founder of Crosschain Bridge, who crossed protocols, has been accused of sucking up $23 million in funds into a for-profit company.
In X-Thread on Friday, ogle, the founder of the Layer-1 Project Glue and On-Chain Thruth pseudonym, denounced the founder of the entire protocol for a secretly decentralized autonomous organization (DAO) voting, to fund the for-profit organization’s risk lab. Ogle accused the project of being one of “DAOS, which is DAOS by name alone.”
Hartrambar, who founded Risk Lab and both, refused the claim in another post. He said Risk Lab is a nonprofit based in the Cayman Islands. He shared the certificate of establishment and claimed that the company was operated under fiduciary duty.
“If the funds are misused, you can sue the superintendent (me!),” he said.
Speaking to Cointelegraph, Lambur also shared the company’s incorporation certificate. This document describes the company as a “foundation company.” Cointelegraph was able to independently verify the company’s registration with Cayman Island’s online general registry.
Still, law firm Harneys explained in his guide to the Cayman Islands Foundation Company that such companies can have any purpose, whether commercial, charity/charity or private.
Crypto-seed phrases, front-end hacking drives record loss in 2025
Infrastructure attacks, such as Private Wallet Key Exploits and Crypto Protocol front-end compromises, accounted for 80% of the $2.1 billion worth of cryptocurrencies that lost the attack in the first half of 2025, TRM Labs said in a report Thursday.
The protocol exploit was another successful attack vector with compromises such as flash loans and recurrence attacks, and another hugely successful accounting for 12% of crypto losses in the first half of the year.
The losses in the first half of 2025 were roughly 10% above the previous record set for 2022, almost equaling the total losses from all of 2024, with TRM Labs saying “emphasizing an increasingly concentrated threat to digital assets.”
The $1.5 billion hack in North Korea-related attack in February accounted for nearly 70% of total losses so far in 2025, with TRM Lab calling for a “multi-faceted collaboration” between global law enforcement, financial intelligence units and blockchain intelligence companies.
