Jacob Lyon

England

Journalist and Crypto Crime Writer at Protos

Journalist at @Protos / Leeds Beckett University journalism graduate / https://t.co/fdIt7UNcyO / Big ol geek

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Articles

Why Polymarket users are betting that Jesus Christ will return

1 week ago | protos.com | Jacob Lyon

There’s an outlandish Polymarket bet that asks, “Will Jesus Christ return in 2025?” It seems like an easy win — after all, the odds are surely stacked against another resurrection. However, there are some who think it might actually be more profitable to bet on the prophet making a comeback. AI alignment researcher Eric Neyman wanted to know why someone would bet on Jesus Christ’s return via Polymarket.
Reform UK could make Labour think twice about bitcoin reserve

1 week ago | protos.com | Jacob Lyon

Reform UK’s Cryptoassets and Digital Finance Bill has been published today, hours after the party’s leader, Nigel Farage, promised a bitcoin (BTC) reserve and lax crypto taxes in a Donald Trump-style pitch at Bitcoin 2025. The bill outlines Reform’s plans to allow the use of crypto to settle taxes, and a 90-day deadline for government studies on crypto (subject to extension).
US sanctions Filipino company behind pig-butchering tech

1 week ago | protos.com | Jacob Lyon

The US Treasury has sanctioned Funnull Technology, the Philippines-based computer firm behind hundreds of thousands of crypto scamming websites responsible for over $200 million in US victim losses. The sanctions, made possible with help from the FBI, also target the company’s administrator Liu Lizhi and two crypto addresses, one ether (ETH) and one tron (TRX), associated with Funnull Technology.
RWA firm Plume ‘in shock’ after death of founder Eugene Shen

1 week ago | protos.com | Jacob Lyon

Plume Co-Founder Eugene Y. Q. Shen, who helped tokenise $4 billion worth of real-world assets (RWA), reportedly passed away earlier this week. The RWA platform announced the news today, describing Eugene, who died as a “dear friend” who “poured his heart and soul” into Plume. The team says it will be taking some time to grieve over the next few days. A Plume statement read, “We’re in shock. Eugene was brilliant, deeply curious, and brought so much talent and heart to everything he did.
What not to do at Bitcoin 2025, according to attendees

1 week ago | protos.com | Jacob Lyon

Concerned members of the crypto community are giving their take on staying safe at the Bitcoin 2025 conference in Las Vegas in the wake of a number of high-profile crypto-related robberies, kidnappings, and data breaches that have shaken the industry this year. Here are a few of our favourites. Custodia Bank’s founder Caitlin Long warns visitors to avoid QR codes and “assume they’re all malicious,” while also advising not to connect to any WiFi, including ones from the hotel.
Interpol target ‘Madam Ngo’ arrested over $300M crypto scam

1 week ago | protos.com | Jacob Lyon

Vietnamese authorities have arrested “Madam Ngo,” the Interpol-wanted scammer who promoted bogus crypto schemes that lured over 2,000 victims into giving up $300 million. As reported by local news outlets, 30-year-old Ngo Thi Theu was part of a 1,000-strong criminal organization that promised victims 20-30% returns but prevented them from withdrawing any apparent earnings.
North Korea likely got Lazarus to work days after warship fiasco

1 week ago | protos.com | Jacob Lyon

North Korea’s Lazarus hacking group is suspected of stealing $5.2 million worth of crypto after infecting the victim with malware, according to crypto sleuth ZachXBT. He shared the wallet addresses related to the theft on Telegram this morning, noting that the suspects, likely to be government-linked, are now moving 1,000 ether (ETH) worth $2.6 million via crypto mixer Tornado Cash in an attempt to launder the proceeds.
Changpeng Zhao says WSJ was paid to smear him

2 weeks ago | protos.com | Jacob Lyon

Binance co-founder Changpeng Zhao has once again claimed that The Wall Street Journal (WSJ) is waging a smear campaign against him in an effort to derail his company’s efforts to help make the US the “capital of crypto.” Zhao made the claims on X in response to another user who asked, “Hey @cz_binance, are WSJ guys asking any kind of money to stop defamation for you?” “No, but I heard they were paid to smear,” he replied, adding, “Rumor has it that a major VC who invested in a US crypto...
Crypto malware creators allegedly infected their own PCs

2 weeks ago | protos.com | Jacob Lyon

The US has charged 16 alleged creators of a malware-as-a-service bot that is capable of stealing crypto wallet credentials and has been used by Russian cybercriminals to cause $50 million worth of damage. A 2022 grand jury indictment, unsealed yesterday, details how DanaBot admins allegedly leased the bot to criminals for thousands of dollars. If a computer became infected with its malware, it could be used to track keystrokes, siphon crypto wallet data, and record computer sessions.
Craig Wright firms struck from Seychelles company register

2 weeks ago | protos.com | Jacob Lyon

Craig Wright’s Seychelles-registered companies Tulip Trading, Wright International Investments, and Equator Consultants were all struck off the government’s company register last week. That’s according to a filing from the Seychelles’ “Official Gazette” that discloses governmental and company notices. The companies were dropped on May 26 following a notice issued on March 17 that they may have failed to register an agent.