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Sui Steps in to Compensate Cetus Losses in Full After $223M Exploit

by admin May 28, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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May 28, 2025 0 comments

Crypto Trends

Big Scam Warning Comes From SHIB Team, Necessary Steps Revealed

by admin May 27, 2025

The @susbarium X account has addressed the Shiba Inu community, giving them an important warning about a new scam project targeting SHIB enthusiasts.

This time, scammers are using a major Shiba Inu partner, the Bad Idea AI (BAD) project.

To secure SHIB holders, the post published by @susbarium contains signs that help to spot this scam and specific guidance on how to stay safe and secure one’s crypto from being stolen.

Signs of new scam targeting SHIB army

The scam targets the community by impersonating SHIB’s partner, Bad Idea AI, by using a fake portal, offering to claim fake BAD token rewards. Scammers are trying to trick crypto holders into connecting their wallets under false pretexts.

🚨SCAM ALERT🚨

Stay vigilant! There’s a scam targeting our community through a fake claim portal for BAD token rewards. The fraudulent site is trying to trick users into connecting wallets under false pretences.

🔴 Signs of the Scam:
– Fake claim portal that mimics the… pic.twitter.com/epk9RJp59R

— Susbarium | Shibarium Trustwatch (@susbarium) May 27, 2025

The @susbarium social media post shared three additional signs of this scam. This portal mimics the design of the official BAD website. It requests that users connect their wallets to the platform to verify BAD rewards. The last sign is that this website issues “misleading messages suggesting eligibility verification before claiming tokens.”

Therefore, @susbarium warns, it is important not to connect wallets to suspicious crypto web sites. The second rule is the necessity to “verify official announcements from trusted sources before making transactions.”

The last recommendation is that it is important to report scams to SHIB community moderators and warn other SHIB holders as well.

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May 27, 2025 0 comments

Crypto Trends

Polygon co-founder Mihailo Bjelic steps down, community calls it a ‘Big L’

by admin May 24, 2025

Mihailo Bjelic, co-founder of Ethereum layer-2 scaling solution Polygon, has stepped down from his role at Polygon but suggests he will stay active in the crypto industry in some capacity.

His resignation drew reactions across Polygon and the wider crypto community, with several seeing it as a significant loss for Polygon, which has been tied to several major developments in recent months.

Bjelic winds down ‘day-to-day involvement’

“After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,” Bjelic said in a May 23 X post.

“I’ll always be cheering from the sidelines and supporting however and whenever I can,” Bjelic added.

Fellow Polygon co-founder, Sandeep Nailwal, commended Bjelic’s contributions over the years, adding that Bjelic has always been “a force behind so much of what makes Polygon what it is today.”

Source: Sandeep Nailwal

Bjelic said that he remains “as passionate as ever” about crypto, and suggested he will stay active in the crypto industry.

“You will likely still see me around,” Bjelic said.

Aave-chan Initiative founder Marc Zella said it was a “Big L for Polygon.” Polygon’s head of marketing Leon Stern said the company is going to miss Bjelic. “Thanks for everything you’ve done for Polygon, and best of luck,” Stern said. Meanwhile, Skale Network CEO Jack O’Holleran said Bjelic should “be very proud” of all he has accomplished at Polygon and is excited to see what he does next.

Source: Maggie Love

Over the past two years, two of Polygon Labs’ early founders, Jaynti Kanani and Anurag Arjun, also stepped away from the company.

Arjun’s departure coincided with the Polygon spin-off Avail, a Web3 data availability and consensus layer, becoming an independent entity, with Arjun taking the lead.

Bjelic has yet to reveal his next plans.

Related: Crypto market cycle permanently shifted — Polygon founder

Bjelic’s resignation follows several major announcements tied to Polygon this year.

On March 25, Real-world asset (RWA) tokenization platform DigiShares announced it would bring tokenized real estate trading to Polygon with the launch of RealEstate.Exchange, also known as REX.

Just two months before, on Jan. 16, Jio Platforms, an Indian mobile network operator owned by Asia’s richest person, Mukesh Ambani, partnered with Polygon Labs to upgrade some of its existing offerings with Web3 and blockchain capabilities.

Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

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May 24, 2025 0 comments

GameFi Guides

Polygon co-founder Mihailo Bjelic steps down from board

by admin May 24, 2025

Mihailo Bjelic, co-founder of Polygon, has announced his decision to step down from the board of Polygon Foundation.

The Polygon (POL) co-founder revealed the move via a post on X on Friday, May 23, 2025, noting that he will also “wind down” his day-to-day involvement with Polygon Labs.

“Polygon was born in 2019, and we’ve come a long way since then,” Bjelic wrote. “From significant breakthroughs in zero-knowledge tech, to onboarding some of the world’s biggest brands, we’ve made meaningful strides toward that grand vision. I’m proud of this, and grateful for the privilege to work with so many talented people.”

Bjelic notes that he first entered the crypto space in 2013, with his foray into the ecosystem seeing “deep down the rabbit hole” by 2017.

He co-founded Polygon, a layer-2 scaling solution on Ethereum (ETH) alongside Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. The project, among the most searched proof-of-stake blockchain in the U.S. in 2023, rebranded from its initial name Matic Network.

Explaining his decision further, Bjelic said:

“As projects evolve and mature, it is natural for visions to evolve, and sometimes diverge. With this in mind, I can no longer contribute to Polygon to the best of my abilities.”

While he will no longer be actively involved, he said he is confident Polygon will continue to succeed. Bjelic plans to offer his support “from the sidelines”.

Bjelic’s exit from the Polygon Foundation board sees him join co-founders Jaynti Kanani and Anurag Arjun in stepping down from active roles at the blockchain project. Kanani left Polygon in October 2023.Meanwhile, Arjun left in March 2023 to focus on his modular blockchain project Avail.

Nailwal said via X that words cannot describe what Bjelic means to him personally and to Polygon.

“More than a co-founder, you’re a brother. From the earliest days — whiteboards full of ideas, endless whitepapers, governance frameworks, strategy calls deep into the night — you have been a force behind so much of what makes Polygon what it is today,” he added.

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May 24, 2025 0 comments