UK Court Orders Hacker to Repay £4.1M in Bitcoin Over 2020 Twitter Hack

Published at 2025-11-17 10:00:54

A UK court has ordered a man convicted for the 2020 Twitter hack to repay £4.1 million ($5.4 million) in Bitcoin, prosecutors said on Monday. The attack compromised multiple high-profile accounts — including former U.S. President Barack Obama — and was used to carry out large-scale fraud that moved funds in cryptocurrency.

The decision highlights law enforcement's increasing capacity to pursue and recover crypto proceeds, but it also reinforces negative public and regulatory perceptions by tying Bitcoin to notable criminal activity. While the ruling may bolster confidence that courts can apply traditional remedies to digital assets, it could also prompt tighter oversight, stricter compliance expectations for exchanges, and renewed scrutiny of custody practices for BTC and other tokens.

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Spain’s CNMV published a Q&A explaining how it will apply MiCA in practice, clarifying transition expectations for crypto firms. The guidance is intended to reduce uncertainty and help firms align compliance and authorization plans.

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Published at 2025-12-16 12:31:57

Sberbank Pilots Ethereum DeFi Amid Rising Russian Crypto Interest

Sberbank has launched a pilot program using Ethereum-based DeFi and tokenization to respond to growing client demand for crypto exposure. The move tests on-chain tokenization, smart-contract settlement and regulated custody models.

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Published at 2025-12-16 12:30:54

Bitcoin Falls 5% After $2B Institutional Sell-Off Triggers Liquidations

Bitcoin dropped roughly 5% after about $2 billion in institutional sell orders hit the market, sparking widespread liquidations and sharp intraday volatility. Derivatives desks saw elevated long liquidations and spiking funding rates.

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Published at 2025-12-16 10:16:03

Nexo Secures Multi-Year Australian Open Sponsorship Deal

Nexo has signed a multi-year sponsorship agreement with the Australian Open as cryptocurrency brands re-emerge in global sports. The move boosts Nexo's mainstream visibility amid a wider return of crypto sponsorships to major events.

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Published at 2025-12-16 08:15:24

FSOC Drops Crypto From Financial Vulnerabilities List in 2025 Report

The Financial Stability Oversight Council removed digital assets from its list of financial stability vulnerabilities in its 2025 annual report, signaling a lower systemic risk assessment for crypto.