Ki Young Ju, Co-founder & CEO of cryptoquant.com, said on Twitter that 10,000 7-year-old Bitcoin were moved today. "This is not a gov auction or something", Ki Young Ju said. 65 BTC were sent to cryptocurrency exchange HitBTC, he suggested HitBTC should suspend this account for suspicious activity.
"No surprise, it's from criminals, like most of the old Bitcoins. It's the BTC-e exchange wallet related to the 2014 Mt. Gox hack." Ki Young Ju added.
security organization fuzzland's co-founder shoucccc stated in a post on X that "DEX Clipper was attacked by hackers due to API vulnerabilities (such as private key leaks). Currently, the losses exceed 500,000 US dollars, and 6.5 million US dollars of funds are at risk. Users are advised to withdraw immediately."
Japan is considering new lightweight legislation for cryptocurrency intermediaries that are not cryptocurrency exchanges. Recently, the Japanese Financial Services Agency (FSA) presented its own ideas to the Payment Service Working Group of the Financial System Committee.
the EU recently released a report exploring the potential of permissionless blockchains in traditional finance (TradFi). The report suggests that permissionless blockchains should at least be considered as an option for traditional finance and financial market infrastructure, but should be used with caution.
Runestone founder Leonidas has issued a warning to the Runes community regarding a scam inscription that has just been airdropped to $DOG holders. The inscription links to a scam website that steals user wallet assets. Runes has now attracted the attention of scammers, so be very careful when connecting your wallet to any websites.
the impact of Operation Chokepoint 2.0 has expanded from the cryptocurrency industry to technology giants such as Visa and Mastercard. Balaji Srinivasan, former CTO of Coinbase, shared a screenshot of a letter sent by US legislators to Visa, Mastercard, and Stripe urging them to withdraw their support for the Libra project backed by Meta.
Coinbase CEO Brian Armstrong stated on the X platform that anti-money laundering (AML) regulations are a failed policy that costs approximately $213 billion annually and harms the interests of legitimate consumers (as seen in multiple bank de-risking events), and according to United Nations data, only prevents about 0.2% of illegal activities. This sounds like a job that should be handled by the Government Efficiency Department (DOGE).
According to Pai Shield statistics, in November 2024, there were more than 30 hacker attacks in the cryptocurrency field, causing about $85.53 million in losses, of which about $25.20 million was recovered. Top 5 hacker attacks are as follows:
Vitalik Buterin, co-founder of Ethereum, responded to the content of the US government's small expenditure mistakes released by the Department of Government Efficiency (DOGE), stating that he does not agree with the department's handling method. The examples cited only account for a small portion of the total expenditure. If the government's optimization goal is to avoid mistakes that look bad on Twitter, it will miss many valuable opportunities, and those large-scale projects that actually waste more will continue to exist because they look decent. For small-scale public funds, a venture capital (VC)-like approach should be taken, accepting a large number of possible mistakes, as its goal is to ensure that opportunities that can bring 1,000 times return can be seized. Prudence should be focused on large-scale transactions.
former chairman of the CFTC boldly predicted that the SEC will drop the lawsuit against Ripple, which suggests that regulatory changes may trigger a significant increase in XRP.
Title: Electronic Cash Without a Trusted Third Party
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