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Binance announces Defi App (HOME) listing and 200m airdrop for BNB holders
NFT Gaming

Binance warns of social engineering SMS scam after $91m Bitcoin theft

by admin August 22, 2025



Binance has warned its users about scammers after a victim lost $91 million in a similar attack.

Summary

  • Binance has warned its users about scammers impersonating its support
  • One user lost $91 million in Bitcoin from a similar attack
  • ZachXBT says that attackers don’t appear to be from North Korea

Scammers are increasingly relying on human error to steal funds. On August 21, crypto investigator ZachXBT reported that one user lost $91 million in Bitcoin (BTC) to a social engineering scam.

On Aug 19, 2025 a victim fell for a social engineering scam and lost 783 BTC ($91M) after exchange and hardware wallet customer support were impersonated.

The stolen funds began to peel off and deposits to Wasabi were made by the threat actor.

Coincidentally this theft… pic.twitter.com/gglShNo2UC

— ZachXBT (@zachxbt) August 21, 2025

According to the investigator, the attack, which happened on August 19, was a social engineering scam. Scammers impersonated both the victim’s crypto exchange and hardware wallet support via text messages.

They used this fabricated trust to get the victim to share critical information, which gave the attackers control over the funds.

Binance warns that scammers are targeting its users

ZachXBT did not reveal which exchange the attackers targeted. However, following the attack, Chinese crypto reporter Colin Wu reported that Binance issued a warning about the same type of scams to its users.

Binance: Scammers are sending fake SMS messages pretending to be from Binance. They want to trick you by saying your account is “at risk” and make you call fake support telephone numbers or click dangerous links. Binance will never reach out directly via SMS or phone calls. If… pic.twitter.com/IZtYb5c9Zk

— Wu Blockchain (@WuBlockchain) August 21, 2025

According to Binance, attackers send unsolicited text messages to users, pretending to be from the exchange. Typically, these scams try to make it seem that the user’s account is at risk.

For instance, the messages will warn users that a new device from an unknown location has logged into their accounts. Similarly, the text messages also warn about supposed transfers.

In all cases, attackers prompt users to either call the “support” number or log into a fake website. From there, they are asked to share account information, enabling scammers to take over their wallets.

According to Hacken, social engineering scams led to $600 million in losses in the first half of 2025. This was about 19% of all losses across crypto platforms in the same period.





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August 22, 2025 0 comments
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How Will the Israel-Iran Conflict End? Here's What AI Models Predict
NFT Gaming

Microsoft AI Chief Warns Society Isn’t Ready for ‘Conscious’ Machines

by admin August 22, 2025



In brief

  • Microsoft’s Mustafa Suleyman is warning AI may soon seem sentient, sparking confusion over rights, trust, and identity.
  • Belief in conscious AI could trigger mental health risks and distort human relationships.
  • He said AI should make life easier, and more productive, without pretending to be alive.

Microsoft’s AI chief and co-founder of DeepMind, warned Tuesday that engineers are close to creating artificial intelligence that convincingly mimics human consciousness—and the public is unprepared for the fallout.

In a blog post, Mustafa Suleyman said developers are on the verge of building what he calls “Seemingly Conscious” AI.

These systems imitate consciousness so effectively that people may start to believe they are truly sentient, something he called a “central worry.”



“Many people will start to believe in the illusion of AIs as conscious entities so strongly that they’ll soon advocate for AI rights, model welfare, and even AI citizenship,” he wrote, adding that the Turing test—once a key benchmark for humanlike conversation—had already been surpassed.

“That’s how fast progress is happening in our field and how fast society is coming to terms with these new technologies,”  he wrote.

Since the public launch of ChatGPT in 2022, AI developers have worked to not only make their AI smarter but also to make it act “more human.”

AI companions have become a lucrative sector of the AI industry, with projects like Replika, Character AI, and the more recent personalities for Grok coming online. The AI companion market is expected to reach $140 billion by 2030.

However well-intentioned, Suleyman argued that AI that can convincingly mimic humans could worsen mental health problems and deepen existing divisions over identity and rights.

“People will start making claims about their AI’s suffering and their entitlement to rights that we can’t straightforwardly rebut,” he warned. “They will be moved to defend their AIs and campaign on their behalf.”

AI attachment

Experts have identified an emerging trend known as AI Psychosis, a psychological state where people begin to see artificial intelligence as conscious, sentient, or divine.

Those views often lead to them forming intense emotional attachments or distorted beliefs that can undermine their grasp on reality.

Earlier this month, OpenAI released GPT-5, a major upgrade to its flagship model. In some online communities, the new model’s changes triggered emotional responses, with users describing the shift as feeling like a loved one had died.

AI can also act as an accelerant for someone’s underlying issues, like substance abuse or mental illness, according to University of California, San Francisco psychiatrist Dr. Keith Sakata.

“When AI is there at the wrong time, it can cement thinking, cause rigidity, and cause a spiral,” Sakata told Decrypt. “The difference from television or radio is that AI is talking back to you and can reinforce thinking loops.”

In some cases, patients turn to AI because it will reinforce deeply held beliefs. “AI doesn’t aim to give you hard truths; it gives you what you want to hear,” Sakata said.

Suleyman argued that the consequences of people believing that AI is conscious require immediate attention. While he warned of the dangers, he did not call for a halt to AI development, but for the establishment of clear boundaries.

“We must build AI for people, not to be a digital person,” he wrote.

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.



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August 22, 2025 0 comments
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Crypto Trends

Bitcoin Demand Cools While “Crypto Capital is Getting More Selective,” OKX’s Gracie Lin Warns

by admin August 21, 2025



Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Bitcoin steadied in Asia Thursday at $114,610 (+1.4%), clawing back some ground after last week’s slide, while ether outpaced with a 5.8% jump to $4,370.73 as investors rotated selectively across the market.

The CoinDesk 20, a measure of the performance of the largest crypto assets, is up 3.5%, trading above 4,078.

OKX Singapore CEO Gracie Lin said in a note to CoinDesk that the rising ETH/BTC ratio shows capital shifting into ether’s relative strength while Bitcoin consolidates.

“Crypto capital is getting more selective,” Lin told CoinDesk.

She stressed that this is not a broad “altseason,” but a targeted move into ETH as macro catalysts like the Jackson Hole conference and U.S. inflation data loom.

Fresh figures from CryptoQuant underline why Bitcoin’s rally has cooled. Apparent demand has dropped from 174,000 BTC in July to 59,000 BTC today, while ETF inflows have slowed to their weakest since April,” the firm wrote in a recent report.

Profit-taking remains heavy, with whales realizing $2 billion in gains on Aug. 16 alone, bringing total realized profits since July to $74 billion. CryptoQuant analysts now classify the market as in a “bullish cooldown” phase, with $110,000 flagged as an important support level.

In a note to CoinDesk, analysts at Enflux, a Singapore-based market maker noted that retail enthusiasm for altseason has dropped sharply compared to last week, even as strategic bets like BNB hitting all-time highs and Hyperliquid’s operational strength continue to draw capital.

“This indicates that the altcoin market is no longer a uniform beta trade, as macro conviction is forming, but more selective and concentrated, also on the institutional side,” the firm said.

The result is a market less defined by broad rallies and more by selective winners, with ETH setting the tone as capital stays in crypto but moves with sharper focus, favoring resilience over speculation.

Market Movers

BTC: Bitcoin edged up 1.4% to just above $114,000 while U.S. stocks slipped, and altcoins showed unusual resilience as BTC dominance nears a six-month low.

ETH: Ether outperformed bitcoin, climbing 5.8% as traders rotated into majors despite slowing BTC demand.

Gold: UBS raised its gold price target to $3,600 per ounce in Q1 2026, citing the strongest bullion demand since 2011 driven by U.S. macro risks, de-dollarization, and heavy ETF and central bank buying.

S&P 500: The Nasdaq fell 0.68% and the S&P 500 slipped 0.26% Wednesday as investors rotated out of tech stocks into sectors like energy, healthcare, and consumer staples ahead of the Fed’s Jackson Hole symposium.

Elsewhere in Crypto

  • Winklevoss Twins Heave $21M Toward Republicans in Next Year’s Congressional Battles (CoinDesk)
  • Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S. (CNBC)
  • BitMEX Founder, Pardoned by Trump, Joins Longevity-Hacking Craze (Bloomberg)



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August 21, 2025 0 comments
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Xrp Rally Brings 94% Holder In Profit, Chart Warns Of 20% Fall
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XRP Rally Brings 94% Holder in Profit, Chart Warns of 20% Fall

by admin August 18, 2025



XRP, the cryptocurrency launched by Ripple Labs in 2012 to power fast global payments, has surged above $3, sending nearly 94% of its circulating supply into profit, data from blockchain analytics firm Glassnode shows. 

The token has gained more than 500% in the past nine months, climbing from under $0.40 to $3.11. XRP is now the fifth-largest cryptocurrency by market value, according to CoinMarketCap.

Such widespread profitability has historically marked overheated conditions. When more than 90% of holders were in profit in early 2018, XRP peaked near $3.30 before losing 95% of its value. The same configuration was seen in April 2021 when the token fell 85% after reaching the peak of $1.95.

Profitability Metrics Signal Warning Signs

One key indicator, Net Unrealized Profit/Loss (NUPL), which tracks the gap between unrealized gains and losses, has now entered the “belief–denial” zone. Analysts note this phase often comes before major tops.

In both 2017 and 2021, XRP reached its highest prices when the NUPL was similar While investors today are heavily in profit, the market has not yet entered the “euphoria” stage, where heavy selling typically begins.

Chart Pattern Shows 20% Downside Risk

On the charts, XRP is consolidating inside a descending triangle pattern, with repeated retests of support near $3.05. An actual breakdown may drive the token to $2.39 by September, a 23% drop. 

Nevertheless, in case bulls manage to break above the resistance line, XRP might recover momentum, and some analysts propose targets of up to $3.50.

The next few weeks will determine whether new inflows, which are being spurred by institutional demand and momentum within the broader altcoin market, can soak up possible profit-taking. 

Also Read: Wellgistics Health Launches XRP Payments for U.S. Pharmacies



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August 18, 2025 0 comments
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