The DOJ approves the return of 94,643 Bitcoin, worth $9.3 billion, to Bitfinex following the 2016 hack that exploited its wallet system. The breach, one of the largest in crypto history, saw the recovery of 80% of stolen funds, thanks to the cooperation of those convicted in the laundering case.
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Category: Cryptocurrencies
63% of Crypto Crime Now Tied to Stablecoins – Chainalysis Report
Chainalysis estimates that more than $40.9 billion flowed to illicit addresses in 2024, accounting for approximately 0.14% of all on-chain transactions.
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SEC Sues Elon Musk Alleging Rule Violation in Twitter Stake Purchase
The SEC has accused Elon Musk of violating securities laws by failing to disclose his Twitter stake on time, allegedly enabling him to underpay by $150M for shares. The case includes scrutiny over Musk’s Tesla transactions used to fund the acquisition and allegations of broader misconduct.
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UK Central Bank to Test CBDC Capabilities in New Digital Pound Lab
The Bank of England announces the launch of the Digital Pound Lab to explore practical applications and technical designs for its proposed CBDC, ensuring feasibility and innovation.
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Russian Diamond Miner Jailed for ‘Sending Crypto to Ukrainian Army’
A Russian diamond mining firm employee has been jailed for sending crypto to the Ukrainian army.
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Deribit Hires Financial Technology Partners to Evaluate Acquisition Opportunities: Report
Deribit has received acquisition offers from interested investors, including crypto exchange Kraken.
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Osprey Funds to Convert Osprey Bitcoin Trust to ETF Following Bitwise Acquisition Deal Termination
Osprey Funds, an investment management firm based in Fairfield, Connecticut, has announced its intention to convert the Osprey Bitcoin Trust (OBTC) into a spot Bitcoin ETF.
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DPRK Hackers Stole $659M in Crypto Last Year: US Govt.
The USA, Japan and South Korea released a joint statement, detailing DPRK-linked crypto thefts and their targeted entities.
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UK Government Considers Nationwide Ban on Ransomware Payments by Critical Infrastructure Operators
The UK government has initiated a consultation to evaluate a potential ban on ransomware payments for operators of critical national infrastructure.
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‘Tectonic Shift’ as Crypto Exchange Bithumb Seals KB Banking Deal
The South Korean crypto exchange Bithumb has signed a banking partnership with Kookmin (KB), one of the biggest financial providers in the country.
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