North Korea’s most renowned cyber-hacking organization has been linked to a cryptocurrency mixer where illicit proceeds from the $35 million Atomic Wallet attack have been circulating. Elliptic, a provider of blockchain compliance analytics, said on June 5 that its Investigations Team has linked crypto mixer Sinbad.io to the theft of
June 6, 2023 2 mins read
Due to rising concerns about the potential involvement of Genesis’ parent firm Digital Currency Group (DCG) in the lender’s reorganization, U.S. Bankruptcy Court Judge Sean Lane prolonged a mediation session between Genesis and its creditors during a Monday bankruptcy hearing. The original end date for the mediation session of May
June 6, 2023 1 min read
After hearing reports of insolvency, centralized cryptocurrency exchange Gate.io has threatened legal action. Since May, members of the crypto community have speculated that the problematic cross-chain protocol Multichain may be related to Gate.io. The exchange tweeted in Turkish (translated): “Legal proceedings will be initiated against people who cause panic among
June 5, 2023 1 min read
Less than one percent of Atomic Wallet’s monthly active customers were affected by the theft that stole $35 million from consumers since June 2, as per the claim by the firm. Atomic Wallet, in conjunction with independent blockchain investigators, has increased its efforts to trace and recover stolen cash after
June 5, 2023 2 mins read
The contribution of $550,000 to the Metropolitan Museum of Art from the cryptocurrency exchange FTX will be returned after the exchange’s failure in November. In a filing with the United States Bankruptcy Court in Delaware on June 2, the New York-based museum reaffirmed its plan to reimburse the monies to
June 5, 2023 1 min read
A lawyer for Terra co-founder Do Kwon and former CFO Han Chang-joon said on Friday that their bail request had been granted for a second time by the Montenegro Basic Court. Prosecutors in Montenegro have three days to file an appeal of the court’s decision. Montenegro Basic Court has once
June 3, 2023 1 min read
With the aid of its own software, Bitcoin miner Marathon Digital Holdings (MARA) mined 1,245 bitcoin in May, an increase of 77% over the previous month. According to the announcement, the miner has boosted its operating processing power by 9%, to 15.2 exahash/second (EH/S). CEO Fred Thiel stated: “The increased
June 3, 2023 1 min read
CleanSpark, a Bitcoin mining company, has invested $40.5 million in 12,500 new ASICs to increase its fleet size. The mining company’s overall hash rate is expected to increase to more than 16 EH/s as a result of the new hardware. Moreover, CleanSpark said on Thursday that the cost per terahash
June 2, 2023 1 min read
On Thursday, Coinbase, the largest cryptocurrency exchange in the United States, said that on June 5 it will begin offering futures contracts for Bitcoin (BTC) and Ethereum (ETH) on its derivatives exchange, which is regulated by the Commodity Futures Trading Commission. It was also noted that institutional investors would have
June 2, 2023 2 mins read
The Nansen Research team that analyses blockchain data is being reduced in size by 30%. In the last year, layoffs have affected almost every crypto company. As a result of this recent action, Nansen has joined the ranks of other businesses that have reduced headcount as a result of the
June 1, 2023 2 mins read
