“It was inevitable,” said Jake Ostrovskis, head of OTC trading at Wintermute, referring to the sell-off in digital asset treasury stocks. “It got to the point where there’s too many of them.” Several companies have begun selling their crypto stockpiles in an effort to fund share buybacks and shore up their stock prices, in effect… Read More: Crypto hoarders dump tokens as shares tumble »
Federal prosecutors have seized $15 billion from the alleged kingpin of an operation that used imprisoned laborers to trick unsuspecting people into making investments in phony funds, often after spending months faking romantic relationships with the victims. Such “pig butchering” scams have operated for years. They typically work when members of the operation initiate conversations… Read More: Feds seize $15 billion from alleged forced labor scam built… »
Getty Images | Andriy Onufriyenko reader comments 85 Billy Restey is a digital artist who runs a studio in Seattle. But after hours, he hunts for rare chunks of bitcoin. He does it for the thrill. “It’s like collecting Magic: The Gathering or Pokémon cards,” says Restey. “It’s that excitement of, like, what if I… Read More: The hunt for rare bitcoin is nearing an end »
Enlarge / A BATM sold by General Bytes. General Bytes reader comments 68 with Share this story Hackers drained millions of dollars in digital coins from cryptocurrency ATMs by exploiting a zero-day vulnerability, leaving customers on the hook for losses that can’t be reversed, the kiosk manufacturer has revealed. The heist targeted ATMs sold by… Read More: Hackers drain bitcoin ATMs of $1.5 million by exploiting 0-day… »
Getty Images reader comments 90 with 0 posters participating Share this story One of the prominent developers behind the Bitcoin blockchain said he has asked the FBI to assist him in recovering $3.6 million worth of the digital coin that was stolen from his storage wallets on New Year’s Eve. Luke Dashjr is a developer… Read More: Key Bitcoin developer calls on FBI to recover $3.6M in… »
Enlarge / Bitcoin laundering concept vector illustration. reader comments 52 with 41 posters participating Share this story Federal prosecutors have recovered $3.36 billion in bitcoin that was stolen a decade ago from Silk Road, the dark web bazaar responsible for distributing massive quantities of illegal drugs and other illicit goods and services to people worldwide.… Read More: Hacker took pains to hide $3.36B of stolen bitcoin. Feds… »
Enlarge (credit: Elena Lacey | Getty Images) If you have paid casual attention to crypto news over the past few years, you probably have a sense that the crypto market is unregulated—a tech-driven Wild West in which the rules of traditional finance do not apply. If you were Ishan Wahi, however, you would probably not… Read More: Crypto and the US government are headed for a decisive… »
Enlarge / The IRS detailed the winding and tangled routes the couple allegedly took to launder a portion of the nearly 120,000 bitcoins stolen from the cryptocurrency exchange Bitfinex in 2016. William Whitehurst | Getty Images reader comments 126 with 81 posters participating Share this story On Tuesday, Ilya Lichtenstein and Heather Morgan were arrested… Read More: $3.6 billion bitcoin seizure shows how hard it is to… »
Enlarge / People in Chile with Worldcoin’s “Orb” iris scanner. reader comments 127 with 78 posters participating, including story author Share this story More than 100,000 people have had their eyes scanned in return for a cryptocurrency called Worldcoin, as a project to distribute digital money more widely around the world accelerates. Worldcoin has distributed… Read More: More than 100,000 people have had their eyes scanned for… »
Enlarge / On Friday afternoon, Coinbase sent email and SMS text messages to 125,000 customers, erroneously telling them that their 2FA settings had been changed. reader comments 42 with 34 posters participating, including story author Share this story Cryptocurrency exchange Coinbase sent an automated message to a large number of its customers on Friday, saying… Read More: Coinbase erroneously reported 2FA changes to 125,000 customers »