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GraFun Labs, a popular platform for memecoin launching a trading, has recently collaborated with BADAI, a decentralized company merging blockchain and AI technologies, Floki, a prominent memecoin entity. The GraFun Labs’ partnership with BADAI and Floki targets to conduct a reimbursement plan for consumers impacted during the launch of the $BADAI TOKEN. The platform disclosed this endeavor on its official social media account. 🚨 GraFun Compensation Plan for $BADAI Launch 🚨In collaboration with Floki and BADAI, we introduce a compensation plan for influenced users during the recent $BADAI token launch.Our mission has always been to bring transparency and security to meme token launches. While our… — GraFun (@GraFunLabs) March 1, 2025 GraFun Offers Reimbursement Plan to Compensate $BADAI Launch Affecties GraFun Labs is reportedly delivering financial relief to the clients who were affected during the recent launch of $BADAI. As per the reports, in an unforeseen exploit vector, these users got an enormous impact. Hence, GraFun Labs is collaborating with BADAI and Floki for an adequate compensation. For a considerable period, GraFun Labs has been endeavoring to ensure security and fairness in the memecoin launches. The current move is another instance of the platform’s commitment to fulfilling these promises. The platform’s anti-sniping protection apparatus blocks the programmed trading bots when they attempt to gain an unfair advantage. It has effectively decreased sniper activity along with promoting equitable trading circumstances. Nonetheless, the platform admits that a few genuine consumers were unwillingly impacted. This prompted the company to launch the compensation program. Thus, to guarantee fair reimbursement, GraFun Labs follows a transparent calculation of compensation via the Binance Coin ($BNB). Implementing Stringent Eligibility Criteria to avoid Exploitation The reimbursement plan has stringent eligibility conditions, maintaining fairness to prevent the program’s potential exploitation. In line with the eligibility criteria, the consumers must have bought $BADAI tokens following the 1st anti-sniping protection stage but before the official deactivation of the system. In addition to this, The eligible clients should also have had no interactions at all with unverified or suspicious proxy contracts. Moreover, they should also have not participated in arbitrage-related activities or Miner Extractable Value. According to GraFun Labs, to be a part of the compensation plan, the eligible users also need to accomplish several steps. They include KYC verification, reimbursement claim submission, and wallet eligibility detection. By implementing these strict principles, GraFun Labs focuses on ensuring that the impacted users get their refund. The reimbursement plan reaffirms GraFun Labs’ plan to develop a relatively transparent and safer ecosystem to launch memecoins.

This week, the digital asset industry experienced significant price fluctuations that triggered massive liquidations of over $900 million from the market. Trump’s taxes on goods imported from China, Canada, and Mexico, together with these nations’ revengeful actions, caused massive selloffs in equities and other risky assets, including crypto. As a result, most digital assets witnessed their prices falling hard due to the current economic turmoil and bearish market mood. Bitcoin price has dropped 16% this week from a high of $96,294 to the current low of $83,159. Likewise, Ethereum recorded a price slump of 24.50% in the past seven days, currently trading at $2,187. Other major tokens are also witnessing huge drops, with XRP, BNB, and Solana seeing declines of 17.12%, 8.30%, and 19.34% respectively. Top gainers However, some unique tokens have defied the downturn. Their continued remarkable performance suggests that market participants are increasingly capitalizing on their extraordinary potential. Here is the list of the top five gainers in the crypto market over the past seven days. 1. Story (IP) Despite being launched on February 13, 2025, Story (IP), a native coin of Story Protocol, has been trading high, suggesting significant investor interest in the token. IP emerged as the best performer in the cryptocurrency market after recording a price gain of 21.66% over the said period. After outperforming the wider market for several days, Story’s price climbed to a new ATH of $7.33 on February 26. However, its price dropped by 24.97% from the peak, temporarily halting the massive rise, currently trading at $5.51. 2. Berachain (BERA) Berachain, another new cryptocurrency, became the second-best performer, with a price surge of 14.14% over the past seven days. Its launch on February 6, 2025, positioned it as a prominent competitor in the crypto landscape. Its launch attracted massive excitement following its listings on major exchanges, including Coinbase, Binance, and many others. 3. Celestia (TIA) Next is TIA, which has captured the interest of users as it recorded an impressive 7.02% rise over the last seven days. This positive rise comes amidst heightened turbulence in the broader market, making it one of the best performers in recent days. 4. Aptos (APT) Aptos, which took the fourth position, has been doing well in the crypto market for several days. Its price has been up 5.26% over the past week, an indicator that more investors are trading it. Its excellent performance has been boosted by its innovative scalability features, strong tokenomics, and growing on-chain activity. 5. Hedera (HBAR) Lastly, Hedera appeared on this list because it recorded outstanding performances similar to Aptos. With an increase of 5.26% in the past seven days, the altcoin became the 5th best-performing token this week. The rising strength of the asset and the surge in bullish sentiments among investors is reflected in the HBAR price. One of the key factors contributing to this price rise is Hedera’s strategic collaborations, which continue to widen its platform’s visibility. Recently, Swift announced a strategic partnership that made it integrate the Hedera blockchain into its business operations in Asia, Europe, and North America.

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US authorities have made significant progress in combating cryptocurrency-related crime by seizing approximately $31 million linked to the 2021 Uranium Finance hack. The announcement was made by the US Attorney’s Office for the Southern District of New York (SDNY) and Homeland Security Investigations (HSI) in San Diego this week, nearly four years after the attack. Uranium Hack Seizure The hack, which occurred on April 28, 2021, exploited a critical vulnerability in Uranium Finance’s smart contracts during its transition to the V2.1 protocol. The flaw in its pair contracts allowed the attacker to withdraw nearly all available assets. This resulted in a theft of roughly $50 million in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Binance USD (BUSD), Polkadot (DOT), Cardano (ADA), Tether (USDT), and Uranium’s native token, U92. Initially, suspicion surrounding the attack grew due to its timing, which occurred mere days after Uranium Finance launched its V2 upgrade. Adding to the controversy, the project’s contract repository was suddenly removed from GitHub, which led many in the community to speculate about potential insider involvement. Doubts about the platform’s security also intensified, especially since it had already experienced a $1.3 million breach earlier in the same month. The attacker quickly laundered the stolen funds with the help of controversial crypto mixer Tornado Cash, and AnySwap, a cross-chain bridge, to transfer assets across blockchains. Despite these obfuscation attempts, law enforcement managed to recover a significant portion of the stolen funds. Attacks on Crypto Platforms The latest seizure comes as cryptocurrency-related cybercrimes continue to rise, with a recent high-profile hack targeting Bybit which lost an estimated $1.4 billion in crypto assets. The FBI has officially attributed the heist to North Korea, further cementing the country’s role in global crypto theft. With total stolen funds in 2024 reaching $2.2 billion, this marks the fifth time in the past decade that annual losses have exceeded $1 billion. Interestingly, North Korea’s cybercriminal operations now account for 61% of the total stolen crypto this year and 20% of all hacking incidents, The post US Authorities Seize $31M in Crypto Tied to Uranium Finance Hack appeared first on CryptoPotato.