Anyone scanning cryptocurrency news this week saw a thief come back to life. A hacker silent for two months moved $61.56 million in stolen ETH on Tuesday. Yet 81,864 ETH, three times as much, still sits in that wallet.
Big crypto thefts often play out this way: a long silence, then a fast trip through a mixer. While the hack grabs headlines, a smaller project is building with safety checks done first. Pepeto is a meme coin in presale, and its swap platform charges no fee per trade. It already has an audited contract and live tools.
Cryptocurrency News: Drift’s Hacker Sends 25,700 ETH Into Tornado Cash
The Drift Protocol hacker sent 25,700 ETH, worth $61.56 million, into Tornado Cash on October 20, The Cryptonomist reported, using Lookonchain data. It took about two hours. Tornado Cash is a mixer, a tool that blends coins so they are hard to trace.
The wallet still holds 81,864 ETH, about $195 million, per The Crypto Times. The April 1 attack took close to $300 million, and only about $9.2 million was frozen. For Drift users, this cryptocurrency news means the road back to their money just got longer.
Three Coins to Watch After This Week’s Cryptocurrency News on the Drift Hack
Pepeto: An Audited Contract and a Bridge Where No Company Holds Your Coins
The Drift theft shows how fast user money can vanish once an attacker gets in. Most presales follow the same order: buyers pay first, and the product shows up later, if ever. Pepeto flipped that order. Its swap platform, its bridge between five chains and its risk scorer were built first, and all three run today. This week’s story raises one question: who holds your coins? On Pepeto’s bridge, the answer is nobody.
Your tokens lock in an audited contract on one chain. Once that lock is proven on chain, the same amount appears on the other chain. There is no wrapped IOU and no middleman, and the total supply stays the same on every chain. It links Ethereum, BNB Chain, Solana, Base and Arbitrum, and a move takes under 60 seconds. If a transfer fails, the lock reverses on its own. You lose nothing but gas.
No middle party holds your funds, and nobody has to approve your move. Other bridges charge $15 to $50 a trip and take minutes or hours. A failed one can trap funds for good. Pepeto’s bridge fee is $0, plus network gas. Safety runs through the token too. SolidProof audited Pepeto’s contract and checked the team through KYC. So you know the code was checked and the team is known.
That removes the two failures that sink most presales, broken code and a team nobody can find. The raise has crossed $11.2 million. Right now a token costs $0.0000001902, a price that steps up with every stage. After this hack, a buyer who still wants an early bet has one pick here with its checks done: Pepeto.
Monero: Futures Bets Near a One Year High
XMR trades at $600.01 on CoinMarketCap, down 0.97% in a day. That is 24.9% below its $798.91 peak from January 14. Bets on its futures closed October 20 near $198 million, per Santiment data cited by crypto.news. That was the fifth highest close in a year. Analyst Ali Martinez sees a breakout above $602 with a $630 target. That is a 5% step for an $11.29 billion coin.
Injective: A Korean Won Stablecoin Joins the Network
INJ trades at $8.77, up 2.7%, per CoinMarketCap, which makes it an $877 million coin. It sits 83.4% below its $52.75 high from March 2024. On October 20, Injective signed a deal with BDACS, The Block reported. It makes the KRW1 won stablecoin the only won payment coin for assets turned into tokens there. Real use, but INJ needs about 6x to reach that 2024 high.
Conclusion
This week’s cryptocurrency news is a reminder that safety decides who keeps their money. Monero and Injective offer slow steps from here. Pepeto sits earlier than both, with an audit done and a bridge where no company holds your coins.
The market has always paid the most to its earliest believers. Shiba Inu and Pepe were cheap and doubted before they made their first holders rich, and those entries are closed for good.
Pepeto’s is still open, backed by over $11.2 million so far. Once this stage ends, the Pepeto official website lists a higher price. Buying now is the same early move those first holders made.
Click To Visit Pepeto official Website To Enter The Presale
FAQs
What Cryptocurrency News Could Move Prices Soon?
The biggest cryptocurrency news this week is the Drift hacker moving $61.56 million through Tornado Cash. Another 81,864 ETH still sits in that wallet.
How Does a Security Audit Impact Pepeto’s Long Term Outlook?
A SolidProof audit cuts Pepeto’s biggest early risk, bad code, before it lists. With every stage, the Pepeto official website shows a higher price.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, including total loss of capital.
All market analysis and token data are for informational purposes only and do not constitute financial advice. Readers should conduct independent research and consult licensed advisors before investing.
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