CryptoSecurity
Researchers attribute the $1.5 billion hack of Bybit’s crypto exchange to North Korea's Lazarus Group. Over 401,000 Ether was stolen from Bybit's cold wallet, making up 70% of its Ether reserves. Recovery efforts and security responses are underway.
The T3 Financial Crime Unit, in cooperation with Tether, TRON, and TRM Labs, has successfully frozen more than $300 million in criminal cryptocurrency assets since its launch in August 2024. Their efforts focus on combating crypto-related financial crimes like money laundering and terrorism financing by monitoring transactions across the globe.
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.
Cryptocurrency transactions offer global value transfer but pose difficulties in recovering stolen funds. Learn how this impacts victims and solutions like Bitlet.app's Crypto Installment service.
The U.S. Department of the Treasury's FinCEN has proposed new regulations to increase transparency in Convertible Virtual Currency (CVC) mixing services to prevent misuse by terrorist and criminal groups. This is a significant move to curb money laundering risks associated with crypto mixers.
Kevin Durant recovered Bitcoin originally bought at $650, now valued at over $17,700, showcasing the enduring value of long-term crypto investment. Meanwhile, reports indicate a surge in physical attacks targeting Bitcoin holders, underscoring the importance of security. Platforms like Bitlet.app offer innovative services like Crypto Installments, enabling safer and more accessible crypto buying experiences.
Seychelles-based BigONE exchange suffered a $27 million hot wallet hack affecting Bitcoin, Ethereum, USDT, SOL, and XIN. The platform has suspended deposits and trading, assuring users that cold storage and private keys remain secure. BigONE pledges to cover all losses in full using internal reserves and borrowed funds to maintain liquidity.
Recent studies reveal that 51% attacks on Bitcoin and Ethereum are economically impractical due to high costs and logistical challenges. Meanwhile, the FixedFloat decentralized exchange suffered a $26 million hack involving Bitcoin and Ether. This highlights both the strength and vulnerabilities in the crypto ecosystem. Explore crypto buying options at Bitlet.app, which offers a unique installament service to purchase cryptos now and pay monthly.
In 2019, North Korean military intelligence hackers stole $42 million worth of Ethereum from a cryptocurrency exchange, as confirmed by South Korean police. This incident highlights the ongoing threats faced by the crypto industry.