🟪 April is the cruelest month

Q: ZachXBT exposed a DPRK IT-worker scheme generating $1M monthly through fake identities and crypto co

ZachXBT exposed a DPRK IT-worker scheme generating $1M monthly through fake identities and crypto conversions across 390 accounts.

Q: Ray Dalio warns markets are mispricing early-stage world war risks, putting odds of new military con

Ray Dalio warns markets are mispricing early-stage world war risks, putting odds of new military conflict at 50%+ within five years.

Q: Jito Labs CEO argues MEV should be rebranded to Transaction Ordering Value to distinguish legitimate

Jito Labs CEO argues MEV should be rebranded to Transaction Ordering Value to distinguish legitimate arbitrage from malicious sandwich attacks.

The Breakdown·Sunday, April 12, 2026·2 min read

Crypto/Web3 Technology Politics

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AI Summary

Newsletter covers North Korean cybercriminal operations generating $1M monthly through fake IT worker schemes, Ray Dalio's warning about early-stage world war risks, and debate over rebranding MEV terminology in crypto. Also features Blockworks launching new investor relations platform for onchain businesses.

Key Facts

✓ZachXBT exposed a DPRK IT-worker scheme generating $1M monthly through fake identities and crypto conversions across 390 accounts.

✓Ray Dalio warns markets are mispricing early-stage world war risks, putting odds of new military conflict at 50%+ within five years.

✓Jito Labs CEO argues MEV should be rebranded to Transaction Ordering Value to distinguish legitimate arbitrage from malicious sandwich attacks.

Author Takes

BearishThe Breakdown

Geopolitical risk

Markets badly mispricing current geopolitical environment as early-stage world war with 50%+ odds of new conflict in 5 years

SkepticalThe Breakdown

MEV terminology

MEV as a term is functionally useless and conflates benign arbitrage with malicious extraction

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