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Hackers Use THORChain to Cover Tracks After Stealing $35 Million in Crypto from Atomic Wallet

June 21 (Cointime) - Hackers who stole $35 million worth of cryptocurrency from Atomic Wallet have used the cross-chain liquidity protocol THORChain to cover their on-chain tracks. The hackers transferred 503 Ether to THORChain over the past two days, which was then swapped for Bitcoin and bridged into a Bitcoin address. The stolen ETH was also converted to BTC using the SWFT blockchain. The North Korean hacking group Lazarus has been connected to the theft, and they have used chain-hopping numerous times to conceal funds.

Beware of Malicious App on Apple Store Stealing Crypto with Trezor Seed Phrase Scam

June 20 (Cointime) - A fake app called "Trezor Wallet Suite" has been discovered on the Apple Store, which steals users' seed phrases to access their cryptocurrency. The app has been on the store for a few weeks and may have already stolen funds from thousands of people.

Joseph Tsai, Crypto Investor, to Become Chairman of Alibaba

June 20 (Cointime) - Joseph Tsai, a co-founder and current executive vice chairman of Alibaba, will be taking over as the company's chairman. Tsai, who is known for his interest in cryptocurrency, has invested in FTX and other crypto startups through his family office, Blue Pool Capital.

Bitcoin Price Rises as BlackRock Files for Bitcoin Spot ETF in the US

June 20 (Cointime) - After hitting a three-month low last week, Bitcoin's price has risen by 1.6% in the last 24 hours to currently sit at $26,795. The filing by BlackRock, the world's largest asset manager, for a Bitcoin Spot ETF in the US has caused bullish sentiment to return to the market.

Cardano ( $ADA ) Investors Report Unauthorized Transactions and Losses from Nami Wallets

June 20 (Cointime) - A growing number of Cardano investors are reporting unauthorized transactions and losses from their Nami wallets, with their ADA assets being transferred without their consent. These incidents are likely due to weak passwords and compromised devices rather than a flaw in the Nami wallet itself.

Bitcoin Whales Accumulate $3.5 Billion Amidst Price Volatility

June 20 (Cointime) - Bitcoin whales, or wallets holding between 1,000 and 10,000 BTC, have accumulated a total of $3.5 billion worth of the cryptocurrency since early April, according to market intelligence platform Santiment. This accumulation comes amidst recent price declines and is seen as a positive sign as these investors tend to have a long-term perspective.

Chiliz Celebrates Fifth Anniversary and Receives Favorable Approval in Indonesia Amid Struggle to Secure Bullish Volume

June 20 (Cointime) - Chiliz, the cryptocurrency, has recently bounced back after a period of bearish activity. This comes at a time when CHZ bulls need a good reason to invest, and the announcement that CHZ has been whitelisted by the Indonesian government could boost investor confidence.

Venezuela to Terminate Petro Blockchain Venture

June 20 (Cointime) - The Venezuelan government plans to halt the Petro blockchain after repaying major Petro holders, including department stores that have received Petro payments. The decision was made following the discovery of a $20 billion corruption scheme involving embezzlement from the country's oil operations and implicating top officials.

Machi Big Brother Responds to Allegations: Zach's Post Contains Errors, and I Did Not Embezzle Funds

June 20 (Cointime) - Machi Big Brother has responded to @zachxbt's allegations on Twitter, stating that he did not embezzle 22,000 ETH from Formosa Financial and providing evidence to support his claim. He also clarified @zachxbt's misstatements regarding Cream Finance and Squid DAO.

UK Lawmakers move forward with Legislation to support Adoption of Crypto

June 20 (Cointime) - The upper house of the UK Parliament is making progress with a bill that could support the adoption of cryptocurrency in the country. The Financial Services and Markets Bill, aimed at strengthening the financial services industry, went through a third reading in the House of Lords and will now be considered for any additional amendments before being signed into law.