The FBI has seized $1.7 million worth of cryptocurrencies, including significant amounts of Ether and stablecoins, from March to July of this year, primarily from hardware wallets and Binance accounts.
An unknown Bitcoin wallet has amassed over $3 billion worth of Bitcoin in just over three months, leading to speculation about its owner, with some suggesting it could be BlackRock, although there is no solid evidence to support this theory.
Two significant Bitcoin transfers have sparked speculation within the crypto community, as they coincide with the recent FBI warning about funds associated with North Korean hacker groups, Lazarus Group and APT38, being on the move, raising concerns of a potential sell-off and decline in Bitcoin's value.
The Drug Enforcement Agency (DEA) lost over $55,000 in seized cryptocurrency to a common scam after falling victim to a crypto address spoofing attack. The scammer was able to trick the DEA by airdropping a fake address that resembled the real one used by the United States Marshals Service, resulting in the agency mistakenly sending the funds to the scammer's account. The scammer then converted the funds into ether and moved them to a new wallet, with over $425,000 received since June, and over $300,000 of that amount being moved in the last three weeks. The FBI is leading the investigation into the theft.
Head of Research at FS Insight, Tom Lee, predicts that Bitcoin's network value and scarcity could push its price over $200,000, while other experts, including Ark Invest CEO Cathie Wood, also foresee significant growth for the cryptocurrency. Lee highlights Bitcoin's resilience and regulatory scrutiny as well as interest from traditional financial giants such as BlackRock and Citadel.
A Hong Kong crypto exchange, HashKey, will begin retail trading on August 28, allowing residents to invest up to 30% of their net worth into cryptocurrencies with a warning if the limit is exceeded; meanwhile, China is cracking down on private blockchain firms, arresting crypto executives and seizing assets, and the FBI has traced down $41 million in Bitcoin stolen by North Korean hackers from various projects.
Bitcoin is predicted to reach a price of $148,000 after the next halving in April 2024, according to Pantera Capital, which manages $3.5 billion worth of assets, and notes that recent events such as the XRP ruling and endorsements by BlackRock are likely to contribute to the next bull market for digital assets.
A hacker group, suspected to be Lazarus with ties to the North Korean government, stole $37.3 million in cryptocurrency from Estonia's CoinsPaid after tricking an engineer with a fake job offer.
Hundreds of millions of dollars worth of crypto assets have been liquidated as Bitcoin's price falls below $26,000, with the majority of the liquidations coming from exchanges such as OKX, Binance, and ByBit.
An alleged hacker made suspicious withdrawals totaling $16 million from the crypto gambling site Stake.com, raising concerns about stolen funds and the security of crypto gambling platforms.
Crypto analyst 'Sunnydecree' highlighted the paradoxical behavior of people being hesitant to buy Bitcoin at $26,000, despite major asset managers like BlackRock seeking to enter the crypto space and the potential for future price increases.
North Korea-linked hackers have stolen over $200 million worth of cryptocurrency this year, accounting for more than 20% of all stolen crypto, in order to fund the regime's nuclear weapons programs, according to blockchain intelligence firm TRM Labs.
New data reveals that there are now over 180 individuals worldwide who own at least $100 million worth of crypto assets, with almost half of them obtaining their wealth from holding or trading Bitcoin.
Hackers behind the $41 million hack of cryptocurrency casino Stake have moved an additional $328,000 million worth of Polygon and BNB tokens to the Avalanche blockchain, bringing the total transferred funds to $4.8 million, representing 1.2% of the total stolen amount.
CoinEx, a global cryptocurrency exchange, suffered a hack where large amounts of digital assets were stolen, with preliminary estimates suggesting a loss of around $43 million, possibly linked to the North Korean hacking group Lazarus.
According to a report, the value of illicit foreign exchange transactions conducted with digital currency in South Korea was estimated to be $4 billion last year, prompting regulators to focus on the unregulated over-the-counter (OTC) crypto market.
Crypto funds have experienced outflows of $455 million over the past nine weeks, with bitcoin accounting for 85% of the outflows, as investors continue to withdraw funds despite recent legal victories for the industry.
Bitcoin holds above $27,000 as U.S. rates traders predict that the Federal Reserve will maintain borrowing costs, Solana's SOL and ether experience slight gains, FTX sues founder's parents for fraudulent transfers and misappropriated funds, and a new $60 million fund called Oak Grove Ventures focuses on Web3, AI, and biotech.
Deep-pocketed crypto investors have moved over $660 million worth of Bitcoin, Ethereum, and Chainlink as Bitcoin's price drops below $27,000.
