Crypto Security
On September 24, 2025, SBI Group faced a major crypto hack resulting in the theft of approximately $21 million. Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash were among the stolen assets, with funds allegedly laundered through Tornado Cash. Blockchain experts suggest North Korean hackers could be behind the incident.
Recent weeks have seen significant developments in crypto regulation and security, including a major court ruling on Grayscale's Bitcoin ETF, SEC enforcement actions, criminal charges against Tornado Cash founders, and warnings about North Korean hacker threats. These events underline the evolving crypto landscape's challenges and the importance of safe investment practices. Learn how services like Bitlet.app can help you navigate crypto investing with secure and flexible payment options.
Bitcoin's price swings are heavily influenced by macroeconomic news, regulatory changes, and security breaches in exchange markets. Staying informed and using platforms like Bitlet.app can help investors navigate this volatility effectively.
The GENIUS Act, passed on July 18, 2025, introduces the first federal regulatory framework for stablecoins in the U.S., requiring full reserve backing and promoting transparency and security. It aims to fortify the dollar's global position and boost consumer protection in crypto markets.
Dragonfly Capital faces scrutiny from the DOJ concerning its investment in Tornado Cash but promises a vigorous defense. This highlights the increasing regulatory challenges in the crypto investment landscape. Explore how platforms like Bitlet.app are innovating to provide secure and accessible crypto services amidst such challenges.
BigONE exchange experienced a major security breach losing around $27 million in cryptocurrencies like Bitcoin and Ethereum. The platform commits to covering all losses from its reserves and borrowed funds to ensure liquidity. This highlights the critical need for secure crypto exchanges and innovative purchasing options like those offered by Bitlet.app.
Russia's Sberbank plans to offer custody services for cryptocurrency assets, aligning with the country's softened stance on crypto and aiming to boost digital asset security and development.
BigONE exchange experienced a $27 million hack targeting its hot wallet, affecting assets like Bitcoin and Ethereum. The platform pledges full reimbursement and has paused trading and withdrawals for security enhancements.
Paul Chowles, a former officer with Britain's National Crime Agency, was sentenced to 5.5 years in prison for stealing 50 bitcoin from Thomas White, operator of the Silk Road 2.0 dark web marketplace. The bitcoin, initially worth £60,000 in 2017, has since appreciated to over £4 million. Chowles concealed the theft using a cryptocurrency mixing service and was caught after evidence uncovered his involvement. This case highlights the risks and complexities of cryptocurrency crime investigations.
John Woeltz and William Duplessie pleaded not guilty to charges of kidnapping and attempted extortion involving cryptocurrencies. The case underscores the growing security risks related to crypto assets.