An airdrop hunter, leveraging 9,246 wallets, extracted $1.17 million from the JUP airdrop, raising concerns about potential exploits and the need for robust anti-fraud measures in future airdrop designs.
Comma-separated keywords: JUP airdrop, airdrop hunter, Lookonchain, exploit, fairness, security, anti-fraud, community engagement, crypto community, trust, decentralization, centralized exchange, manipulation, wallet manipulation.
The SEC will have to investigate itself for possible market manipulation after its X account was hacked and posted a false announcement that it had approved spot bitcoin ETFs. The crypto market reacted with volatility to the fake news and the subsequent denial by the SEC chair. The regulator is expected to make a decision on the first batch of spot bitcoin ETF applications by Wednesday.