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Today's Top Crypto Headlines:
BitBoy Arrested in Florida | Polymarket Manipulation Scandal | Abracadabra Hacked Again and more...
King Fatrick Gil Añasco
March 27, 2025
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
BitBoy Arrested in Florida: Ben “BitBoy” Armstrong was arrested after emailing a Georgia judge while acting as his own lawyer.
📈Technical Analysis Masterclass - Brett Memecoin has broken out of its consolidation range after weeks of sideways movement. Watch UseTheBitcoin’s latest Youtube video “BRETT COIN PUMPING! The Start of a MASSIVE RALLY?!” to know if this breakout holds or join our Official Telegram Channel for more alpha!
🪂Airdrop Essentials🎁: Get the latest airdrop now! Read UseTheBitcoin’s “Henlo Kart Airdrop Guide” to learn more on how to qualify and participate in the Henlo Kart airdrop!
Polymarket Faces Manipulation Claims: Polymarket settled a $7M Trump-Ukraine bet as “Yes” despite no deal occurring, sparking accusations of oracle manipulation.
💡Feature of the Day - Abracadabra Loses $13M in Hack: Abracadabra suffered a $13M exploit targeting GMX-linked pools.
All this and more in today’s headlines!
📰 News Highlights:
Crypto influencer Ben “BitBoy” Armstrong was arrested in Florida days after revealing on social media that a warrant was out for his arrest.
Authorities listed him as a fugitive from justice following his alleged emails to a Georgia judge while acting as his own attorney.
I can now confirm that the warrants for my arrest are due to me sending emails (as my own attorney by the way) to the DISHONORABLE Kimberly Childs of @cobbcountygovt who has NOW DELETED her Twitter lmao.
Public officials hiding corruption one day at a time.
— The BitBoy (@BenArmstrongsX)
1:15 PM • Mar 21, 2025
Armstrong previously faced legal troubles, including a 2023 arrest during a livestream confrontation with a former business partner.
📈Technical Analysis Masterclass:
Technical Indicators
Moving Averages:
100-day MA (Blue Line): Brett has broken above this level—a bullish signal.
200-day MA (Orange Line): Acting as strong resistance; breaking above would confirm a stronger uptrend.
Current Support & Resistance:
Brett is retesting the 100-day MA, meaning a dip to $0.35 is possible.
If it stays above its previous consolidation range, a new trend could form.
Falling back into the range would indicate a weak breakout, leading to more sideways movement.
RSI (Relative Strength Index):
Currently above the median line, signaling bullish momentum and buyer control.
Trading Strategy
Buying Approach:
Start with a small position at the current price to gain exposure.
Add more when Brett confirms support above its consolidation range.
Risk Management:
Stop-loss: Set inside the previous consolidation box to limit downside risk.
Patience is key: Price movements take time, and overall market sentiment (especially Bitcoin) can impact Brett’s trajectory.
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Polymarket, a leading decentralized prediction platform, faces scrutiny after a disputed $7 million bet regarding Trump and Ukraine’s mineral deal.
A governance attack occurred on @Polymarket , where a @UMAprotocol tycoon used his voting power to manipulate the oracle, allowing the market to settle false results and successfully profit.
The tycoon cast 5 million tokens through three accounts, accounting for 25% of the
— Vladimir S. | Officer's Notes (@officer_cia)
9:35 AM • Mar 26, 2025
Despite no deal occurring, the market was settled as “Yes,” triggering accusations of governance manipulation.
There was no governance attack. This was just extreme negligence from both @Polymarket and @UMAprotocol.
What actually happened was:
1. A user submitted a Yes proposal for "Ukraine agrees to Trump mineral deal before April?" () and this proposal was
— tenadome (@tenad0me)
6:57 AM • Mar 26, 2025
A researcher claimed a whale used UMA Protocol’s oracle to influence the vote for profit, raising concerns about security.
A governance attack occurred on @Polymarket , where a @UMAprotocol tycoon used his voting power to manipulate the oracle, allowing the market to settle false results and successfully profit.
The tycoon cast 5 million tokens through three accounts, accounting for 25% of the
— Vladimir S. | Officer's Notes (@officer_cia)
9:35 AM • Mar 26, 2025
Polymarket moderators stated no refunds would be issued, citing the settlement as final.
💡 Feature of the Day:
Abracadabra.Money suffered a $13 million exploit targeting its GMX-linked pools.
.@GMX_IO@MIM_Spell related contracts have been hacked for ~6,260 ETH (worth ~$13M)
— PeckShield Inc. (@peckshield)
11:52 AM • Mar 25, 2025
Security firm PeckShield confirmed 6,260 ETH was drained, though GMX denied its smart contracts were compromised.
@GMX_IO@MIM_Spell To clarify, GMX contracts are not affected. It relates to Abracadabra/Spell's cauldrons based on GMX V2's GM pools. The contributors are currently looking into the cause, and I'd like to apologise wholeheartedly to anybody negatively affected. This is very unfortunate.
— Jonezee 🫐 (@Jonas_ALA)
11:58 AM • Mar 25, 2025
This marks Abracadabra’s second major hack in 2024, following a $6.49 million loss in January that briefly depegged its MIM stablecoin.
Important security notice:
There appears to have been an exploit related to Abracadabra/Spell's cauldrons that utilise GM tokens, as noted by PeckShield and other security specialists monitoring the blockchain.
To clarify, no issues have been identified with GMX contracts, and
— GMX 🫐 (@GMX_IO)
12:23 PM • Mar 25, 2025
AMLBot traced the stolen funds, revealing they were laundered through Tornado Cash before being bridged from Arbitrum to Ethereum.
😂 Crypto Meme of the Day:
Meme of the day provided by @symply_mave
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com