Steve Aoki liquidates most of his crypto and a fake app drains $9.5 million.

Steve Aoki once predicted NFTs would become part of mainstream culture within five years.

Now, exactly five years later, he's liquidating much of his remaining portfolio.

His wallet has

offloaded assets like Shib and Pepe, while he still holds seven board APYat Club NFTs, once purchased

for over $800,000, now valued at roughly $14,000 each. It's a sign of the times. Unlike previous

cycles, capital is increasingly flowing towards projects with clear

utility and tangible value rather than narrative-driven speculative assets. A fake ledger live app made it

through Apple's review process, resulting in at least $9.5 million in losses across more than 50

victims. The stolen funds spanned Bitcoin, Solana, Tron, and

XRP. Investigators traced the assets to Ku Koo-coin deposit addresses and linked them to a

centralized laundering service known as Audi A6. Victims reportedly entered their recovery phrases

into the malicious app, unknowingly giving attackers full access to their wallets.

And Deutsche Borsa, the owner of the Frankfurt Stock Exchange, is buying into Cracken.

The firm has taken a $200 million stake in the crypto exchange's parent company, equivalent to a 1.5% share.

The investment values Cracking at around $13.3 billion.

Cracken had announced plans to go public last year,

but has reportedly put those plans on hold for now. Get more updates on coindex.com, and we'll see you next time.