Founder of Zerebro token fakes his death, promotes new "legacy" coin

Jeffy YuJeffy Yu (attribution)
On May 4, 22-year-old Zerebro founder Jeffy Yu published a blog post introducing "legacoins" — a version of memecoins he said would be used to "define the legacy" of those who had died. Several days later, Yu's Twitter account announced that a "deadman's switch" had triggered the launch of his own "legacoin", $LLJEEFFY. Elsewhere, a video appeared to record Yu's suicide, and an obituary describing him as a "martyr of imagination and creativity" appeared on Legacy.com.

It wasn't long, however, before people began to speculate that Yu had faked his death. Wonderland CEO Daniele Sestagalli published a letter he said he had privately received from Yu, where he confessed to faking his death and described it as his "only viable exit from persistent harassment, blackmail, and threats". Others noted that wallets belonging to Yu had been cashing out $ZEREBRO tokens priced at around $1.3 million.

Reporters from the San Francisco Standard ultimately located Yu at his parents' house, where he was "agitated and shocked that he had been found after some routine internet searches", and "declined to talk about the false report of his death or how he may have benefited financially from it."

Bitget accuses "professional arbitrage" group of profiting $20 million from VOXEL market manipulation

After trading — and prices — surged in Bitget's market for the thinly traded video game token VOXEL, the company has accused a "professional arbitrage" group of "improperly" profiting $20 million from manipulating the market. A Bitget executive stated on Twitter that they had issued legal demands to eight accounts they said were responsible for "instigating" the unusual trading activity.

$330 million in Bitcoin apparently stolen; laundering spikes Monero price by over 40%

3,250 BTC (~$330 million) were apparently stolen from a bitcoin holder and then quickly moved through multiple exchanges and swapped for the Monero privacycoin. Such a massive swap into Monero was apparently enough to cause the Monero price to spike from around $230 to as high as around $330, before retracting somewhat.