This week, bitcoin (BTC) touched a price height of $64,000 before retracing its steps to a current price mark below $62,000. This price downtrend begs the question – will the leading crypto asset unlock new heights in the near term? A CryptoQuant analyst has shared research showing what could enable …
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Crypto Hack Weekly Report: $36M Whale Loss, dETH Crash, and the FBI’s Market Manipulation Sting
by Qadir AKby Qadir AKCryptocurrencies are extraordinarily dynamic industries in which even minor mistakes can have extremely negative results. This week’s crypto hack news brings three rather important events, which demonstrate the weaknesses present in the sector. A whale, overly enthusiastic about DeFi, lost $36 million through phishing, which led to the crashing of …
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Russia has sentenced Marat Tambiyev, a former mid-ranking investigator, to 16 years in jail after he was caught accepting a bribe of 1,032 bitcoins, which is currently worth around $65 million, from hackers he was investigating. The bribe originated from members of the Infraud Organization hacking group, which Tambiyev was …
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The United Nations Office on Drugs and Crime (UNODC) expressed deep concern about crypto’s role in facilitating illicit activities across Southeast Asia. It notes that the existing underground banking infrastructure, including underregulated casinos, junkets, and illegal online gambling platforms, has increasingly adopted crypto as a tool for crime. UNODC Raises …
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An 86-year-old former attorney, David Kagel, has been sentenced to five years of probation for organizing a multimillion-dollar cryptocurrency Ponzi scheme that defrauded investors out of nearly $15 million. The judgment, filed on October 8 in a Las Vegas federal court, also requires him to pay $14 million in restitution …
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BTC revisits Friday’s high above $63,000, maintaining the positive momentum. China’s highly-anticipated stimulus announcement fell short of expectations, suggesting a low probability of continued outflows into China-linked assets. Bitcoin made another push toward establishing a foothold above $63,000 Saturday as China’s highly-anticipated fiscal stimulus announcement fell short of expectations, reducing …
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Stablecoin dynamics are flashing positive, reaching record highs and boosting liquidity within the crypto market. As historical data shows, this is good news for bitcoin (BTC) and the entire crypto industry because more liquidity often correlates with higher prices. A recent CryptoQuant report revealed that the total market capitalization of …
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U.S. authorities, including the Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Department of Justice (DOJ), have charged Gotbit and four other crypto firms with widespread market manipulation. The charges also roped in several individuals who worked for the offending organizations. Market Makers Accused of …