CryptoRecovery

ChainLink (LINK) surged 14% to $19.03, driven by significant whale accumulation and strategic partnerships with industry giants. LINK leads the oracle sector with a 62% market share and $62 billion total value secured, signaling strong market confidence and a robust recovery in crypto.

Brandon LaRoque, a retiree from North Carolina, lost approximately $3 million in XRP after his Ellipal cold wallet was compromised. The stolen funds were dispersed through complex blockchain mixing and laundering operations, making recovery extremely difficult. This incident underscores the importance of proper wallet security and vigilant crypto management. Bitlet.app offers safer crypto investment alternatives, including installment plans to buy cryptos with easier payment options.

WazirX plans to resume operations following Singapore High Court approval of its restructuring plan. The exchange, which faced a $230 million hack in 2024, will compensate affected users and enhance security with a partnership with BitGo.

Tether has agreed to provide $300 million funding to settle a bankruptcy dispute with Celsius following the crypto lender's 2022 bankruptcy and its subsequent $3 billion creditor distribution. The Blockchain Recovery Investment Consortium (BRIC), established by GXD Labs and VanEck, played a key role in this recovery process, approved by the U.S. Bankruptcy Court in New York.

FTX is set to make a $1.6 billion repayment to creditors on September 30, 2025, marking its third major payout since the 2022 collapse. Over $6 billion has been recovered so far, with significant repayments across various creditor groups.