Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has called on President-elect Donald Trump to appoint a blockchain advisor in his administration.

The suggestion comes as the newly created Department of Government Efficiency (DOGE) reportedly explores implementing a blockchain-based election system.

Kusama Explains Why Trump Should Hire a Blockchain Advisor

On November 15, Kusama shared concerns about the rumored blockchain election platform reportedly under review by Trump’s team. The rumored system, dubbed “eVote,” is said to involve partnerships with prominent blockchain platforms like Cardano, Hyperledger, Hedera, and X (formerly Twitter). It aims to create a nationwide electronic voting and identity verification solution.

The eVote initiative seeks to combat election fraud by requiring its adoption across all US states. Analysts believe this aligns with Trump’s long-standing emphasis on ensuring election integrity, particularly in light of controversies surrounding past electoral processes.

While the idea has gained traction, Kusama insists that its success depends on integrating Fully Homomorphic Encryption (FHE). This advanced encryption ensures voter data remains secure both on the blockchain and against external threats.

Kusama warned that without FHE, sensitive voter information, such as identities and preferences, could be exposed to decryption attempts by malicious actors. This vulnerability could lead to widespread disruption. He emphasized that encryption must be robust enough to resist quantum computing threats, ensuring both on-chain and off-chain security.

“Without FHE, this concept fails. Here is why. Votes to be protected, not just on chain… encrypted in a way that is quantum proof. Otherwise, bad actor country decodes the votes and publishes wallets & who voted for whom. Chaos ensues,” Kusama explained.

Due to this, the Shiba Inu developer called on Trump to appoint a dedicated blockchain advisor to tackle these challenges. Such an appointment could bridge the gap between technology and public policy.

Notably, industry leaders like Cardano’s founder, Charles Hoskinson, have shown interest in collaborating with government policymakers to develop regulatory clarity and foster blockchain innovation.

If Trump follows through, this move would align with his growing engagement with crypto-focused figures. Recently, he appointed crypto advocates Elon Musk and Vivek Ramaswamy to lead DOGE and nominated Florida Congressman Matt Gaetz, a Bitcoin supporter, as Attorney General. Additionally, Robert F. Kennedy Jr., known for his pro-Bitcoin stance, is set to become the Secretary of Health and Human Services.

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Giggle Academy, an educational initiative launched by Binance founder Changpeng Zhao, was a victim of a cyberattack that compromised its official X account (formerly Twitter). This resulted in the distribution of phishing links and false information.

This incident comes as the emerging industry deals with the scourge of phishing attacks, which have led to substantial losses for users.

Giggle Academy’s Hack Reinforces Growing Phishing Attack Threats

On November 16, Zhao confirmed a breach on Giggle Academy’s X account and cautioned the community against interacting with the compromised account. The attackers falsely claimed a “new CEO” had been appointed and shared phishing links to lure victims into verifying this fabricated announcement.

Giggle Academy provides free online courses covering grades 1 to 12, focusing on core subjects and additional topics such as emotional intelligence, finance, and blockchain. Its mission centers on supporting underserved communities with accessible education.

The Giggle Academy breach underscores the growing phishing problem in the blockchain industry. This year alone, phishing-related losses have surpassed $800 million. Blockchain security firm CertiK attributes this surge to increasingly sophisticated techniques like wallet draining and address poisoning.

CertiK’s data reveals 247 phishing incidents recorded in 2024. The first quarter saw the highest number of attacks, with 82 cases, while Q2 and Q3 recorded 67 and 65 incidents, respectively. Q4 has already logged 33 cases, despite only being midway through.

Although Q1 experienced the most attacks, Q2 led in total losses, with over $433 million stolen. Losses in Q3 reached $343 million, while Q1 accounted for $67 million. Despite fewer incidents in Q4 so far, the monetary impact is on track to surpass early-year figures.

CertiK highlights a shift in phishing methods, with hackers increasingly employing advanced tools. Wallet-draining techniques, originally popularized by Ice Phishing, are becoming more potent. In such scams, users are tricked into granting token-spending permissions to malicious actors.

Modern variants combine these methods with additional draining tools, such as Angel Drainer and Pink Drainer. Angel Drainer’s recent acquisition of Inferno Drainer highlights the growing prevalence of such tools in phishing campaigns.

Another rising threat is address poisoning, where scammers create fake wallet addresses resembling legitimate ones. They then send scam tokens to victims, hoping to manipulate transaction histories. When users attempt to interact with a familiar address, they may accidentally transact with a fake one instead.