Ilya Lichtenstein, who orchestrated the 2016 theft of over 119,000 Bitcoin from crypto exchange Bitfinex, has been sentenced to 60 months in prison for money laundering, the U.S. Department of Justice said Wednesday. The ruling marks a significant conclusion to one of the largest cyber thefts in history, resulting in the recovery of approximately $10 billion in stolen assets. The…
BTC hits $93K, FBI raids Polymarket CEO, PEPE hits $10B BTC hits $93k ATH, driven by strong US demand. BTC market cap $1.6T, 7th biggest global asset. BTC spot buying outpaces futures despite OI ATH. FBI raids Polymarket CEO’s home. BTC miner outflows surge to $2.2bn. BTC can run to $500k: Bitwise. $180k BTC price target this cycle: VanEck. US…
Chinese public servant jailed for for selling state secrets for crypto, and Korean YouTuber accused of fleecing $230M from 15,304 followers. Source: https://cointelegraph.com/magazine/crypto-spy-life-sentence-china-youtuber-fraud-asia-express/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
British telecom giant O2 announced what could be the first deployment of conversational AI specifically designed to counter telephone fraud in the UK telecommunications sector. The hero: a clueless grandma who endlessly and frustratingly digresses while idiot scammers attempt to hoodwink her out of money. The system, dubbed “Daisy,” uses AI models to snare fraudsters in meandering conversations lasting up…
Former SEC Chair Jay Clayton has been given a new role by President-elect Donald Trump, who will be inaugurated on Jan. 20. Source: https://cointelegraph.com/news/trumps-former-sec-chair-us-attorney-southern-district-new-york?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies. Source: https://cointelegraph.com/news/bitcoin-corrects-as-us-inflation-data-emerges-is-the-rally-to-100k-at-stake?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Taiko Labs co-founder Daniel Wang first wanted to make an “unstoppable” social network and found his way to an Ethereum “based rollup” in the process. Source: https://cointelegraph.com/news/ethereum-based-rollup-taiko-inspired-china-censorship?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Eighteen states have sued the SEC, Chair Gary Gensler, and all SEC commissioners, alleging that overreach in crypto regulation infringes on state rights and hampers industry growth. 18 States Sue SEC, Gensler, and All Commissioners Over Alleged Overreach in Cryptocurrency Regulation Eighteen U.S. states have sued the Securities and Exchange Commission (SEC), its Chair Gary […] Source: https://news.bitcoin.com/18-states-sue-sec-gensler-commissioners-in-unprecedented-crypto-regulation-battle/
Summer Mersinger, a Republican CFTC commissioner who has urged the regulatory to take a more accommodating stance on crypto, is among those under consideration Source: https://cointelegraph.com/news/trump-mulls-crypto-friendly-cftc-chairs-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US authorities arrested Ilya Lichtenstein and his wife, Heather Morgan, in 2022 for laundering Bitcoin connected to the Bitfinex exchange. Source: https://cointelegraph.com/news/bitfinex-hack-money-laundering-ilya-lichtenstein-sentenced?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
