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Binance publishes official Merkle Tree-based proof of reserves

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Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency.

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Pictures give glimpse inside Trump’s memecoin holder dinner

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Photos from within US President Donald Trump’s secretive dinner for his top memecoin buyers show attendees were treated to a three-course meal and gift bags as protesters gathered outside the event to accuse Trump of profiting from the presidency.

Pictures posted online by some of the 220 largest holders of the Official Trump (TRUMP) token — one of several crypto ventures critics have said conflicts with Trump’s ethics as president — show attendees were greeted by large posters bearing “Fight Fight Fight,” which also sat atop each table, referencing the company that launched the memecoin.

The White House said it would not publish a guest list of those who attended the dinner, but Tron CEO Justin Sun, Magic Eden CEO Jack Lu and BitMart CEO Sheldon Xia were among those sharing snaps of the dinner held at the Trump National Golf Club in Virginia.

Trump Crypto Dinner! #TrumpCoin @GetTrumpMemes pic.twitter.com/9ZredNjOEu

— Sheldon (@sheldonbitmart) May 23, 2025

On the menu was a “Trump organic field green salad” to start, which was followed by a filet mignon and pan-seared halibut with mashed potatoes and vegetable medley, with a lava cake for dessert, according to two photos taken by apparent attendees seen by Cointelegraph.

The menu on offer at Trump’s Gala Dinner on May 22. Source: Christoph Heuermann/Instagram

A video of the event shows that attendees were also given a gift bag containing a black hat.

Sun, who the Securities and Exchange Commission charged with securities laws violations before it dropped the case under the Trump administration, was the single largest buyer of Trump’s memecoin leading up to the dinner.

A video shows the Chinese-born crypto entrepreneur, who is also the biggest backer of the Trump’s crypto platform World Liberty Financial, was brought up on stage and ceremoniously gifted a golden Trump-branded watch, which a Trump-linked company sells for $100,000.

As the top holder of $TRUMP and proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner by @GetTrumpMemes.

Thank you @POTUS for your unwavering support of our industry!#MakeCryptoGreatAgain🇺🇸 pic.twitter.com/Yy2TuWEgzT

— H.E. Justin Sun 🍌 (@justinsuntron) May 23, 2025

Sun’s attendance at the event was highlighted by The Wall Street Journal and other media outlets, with many noting that the dinner may have deepened his ties to Trump and his family.

Attendees confronted by fierce protestors on arrival

Bloomberg reported that around 100 protestors gathered outside the event booed and jeered attendees as they arrived at the premises.

BREAKING: In a stunning moment, protesters have swarmed Trump National Golf Club, where Trump is hosting his “Memecoin” dinner tonight.

Outside: fury.

Inside: crypto bros and campaign bundlers toasting corruption like it’s vintage wine.

Americans are done watching billionaires… pic.twitter.com/WrkwtMYiSF

— Brian Allen (@allenanalysis) May 23, 2025

The protesters were holding signs with messages such as: “Stop Trump’s Crypto Corruptio,” and “Democracy Is Not For Sale,” while another said “Cripto Grift Dinner Bribery On Menu.”

Related: Donald Trump gives conflicting answers over memecoin profits

Some protesters called for Trump’s impeachment and removal, while others demanded financial reform in the US.

Trump-linked entities reportedly cashed in around $100 million in trading fees from the TRUMP token that launched two days before Trump was inaugurated as president on Jan. 20.

On March 24, Trump Media also signed a non-binding agreement with Crypto.com to launch a series of “Made in America” exchange-traded products in the US.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

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Hackers using fake Ledger Live app to steal seed phrases and drain crypto

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Cybercriminals are using fake Ledger Live apps to drain macOS users’ crypto through malware that steals seed phrases, a cybersecurity firm warns. 

The malware replaces the legitimate Ledger Live app on victims’ devices and then prompts the user to input their seed phrase through a phony pop-up message, a team from Moonlock said in a May 22 report.

“Initially, attackers could use the clone to steal passwords, notes, and wallet details to get a glimpse of the wallet’s assets, but they had no way to extract the funds,” the Moonlock team said.

“Now, within a year, they have learned to steal seed phrases and empty the wallets of their victims,” it added. 

One way the scammers replace the real Ledger Live app with a clone is through the Atomic macOS Stealer, designed to steal sensitive data, which Moonlock said it has found lurking on at least 2,800 hacked websites.

Source: Moonlock 

After infecting a device, Atomic macOS steals personal data, passwords, notes and wallet details and replaces the real Ledger Live app with a phony. 

“The fake app then displays a convincing alert about suspicious activity, prompting the user to enter their seed phrase,” the Moonlock team said.

“Once entered, the seed phrase is sent to an attacker-controlled server, exposing the user’s assets in seconds.”

Malware campaign active since August 

Moonlock has been tracking malware that’s distributing a malicious clone of Ledger Live since August, with at least four active campaigns, and they think hackers are “only getting smarter.” 

Threat actors on the dark web are offering malware with “anti-Ledger” features. However, one of the examples examined by Moonlock did not feature the full anti-Ledger phishing functionality advertised. The firm speculates those features could “still be in development or is forthcoming in future updates.” 

Moonlock says hackers are offering malware for would-be thieves to steal from Ledger users. Source: Moonlock

“This isn’t just a theft. It’s a high-stakes effort to outsmart one of the most trusted tools in the crypto world. And the thieves are not backing down,” Moonlock said. 

“On dark web forums, chatter around anti-Ledger schemes is growing. The next wave is already taking shape. Hackers will continue to exploit the trust crypto owners place in Ledger Live.” 

Related: Ledger secures Discord after hacker bot tried to steal seed phrases

To avoid falling prey to similar malware scams, the cybersecurity firm recommends being wary of any page that warns of a critical error and asks for a 24-word recovery phrase.

At the same time, never share a seed phrase with anyone or input it on any website, no matter how legitimate it looks, and only download Ledger Live from its official source. 

Ledger didn’t immediately respond to Cointelegraph’s request for comment. 

Magazine: ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths

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Anthropic’s debuts most powerful AI yet amid ‘whistleblowing’ controversy

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Artificial intelligence firm Anthropic has launched the latest generations of its chatbots amid criticism of a testing environment behaviour that could report some users to authorities.

Anthropic unveiled Claude Opus 4 and Claude Sonnet 4 on May 22, claiming that Claude Opus 4 is its most powerful model yet, “and the world’s best coding model,” while Claude Sonnet 4 is a significant upgrade from its predecessor, “delivering superior coding and reasoning.”

The firm added that both upgrades are hybrid models offering two modes — “near-instant responses and extended thinking for deeper reasoning.”

Both AI models can also alternate between reasoning, research and tool use, like web search, to improve responses, it said. 

Anthropic added that Claude Opus 4 outperforms competitors in agentic coding benchmarks. It is also capable of working continuously for hours on complex, long-running tasks, “significantly expanding what AI agents can do.” 

Anthropic claims the chatbot has achieved a 72.5% score on a rigorous software engineering benchmark, outperforming OpenAI’s GPT-4.1, which scored 54.6% after its April launch. 

Claude v4 benchmarks. Source: Anthropic 

Related: OpenAI ignored experts when it released overly agreeable ChatGPT

The AI industry’s major players have pivoted toward “reasoning models” in 2025, which will work through problems methodically before responding. 

OpenAI initiated the shift in December with its “o” series, followed by Google’s Gemini 2.5 Pro with its experimental “Deep Think” capability.

Claude rats on misuse in testing

Anthropic’s first developer conference on May 22 was overshadowed by controversy and backlash over a feature of Claude 4 Opus.

Developers and users reacted strongly to revelations that the model may autonomously report users to authorities if it detects “egregiously immoral” behavior, according to VentureBeat. 

The report cited Anthropic AI alignment researcher Sam Bowman, who wrote on X that the chatbot will “use command-line tools to contact the press, contact regulators, try to lock you out of the relevant systems, or all of the above.” 

However, Bowman later stated that he “deleted the earlier tweet on whistleblowing as it was being pulled out of context.”

He clarified that the feature only happened in “testing environments where we give it unusually free access to tools and very unusual instructions.”

Source: Sam Bowman

The CEO of Stability AI, Emad Mostaque, said to the Anthropic team, “This is completely wrong behaviour and you need to turn this off — it is a massive betrayal of trust and a slippery slope.”

Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

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