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aculthe06

@aculthe06

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aculthe06
@aculthe06
Training at Stripe Waseda Hilma Dojo for intense Jiu-Jitsu sessions. Leveling up skills and discipline daily.
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@aculthe06
Currently savoring a wholesome meal at a local eatery featuring Yume Tsukushi rice from Soeda Town in Fukuoka and Hishimitsu soy sauce. This truly embodies the ultimate luxury experience.
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According to Zhou, the Bybit hackers primarily used the decentralized exchange THORChain to cash out ETH and BTC. Other platforms like ExCH and OKX Web3 Proxy were also used to move some of the funds.
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According to Zhou, the next one to two weeks will be critical for freezing additional funds before the attackers attempt to cash out through crypto exchanges, over-the-counter (OTC) platforms and peer-to-peer (P2P) transactions.
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Investigators have so far helped freeze $42 million, equivalent to 3% of the stolen funds.
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By saying “gone dark,” Zhou indicated that 20% of the stolen funds had been successfully mixed, laundered or sent to platforms that obscure transactions by the North Korean hackers.
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“Total hacked funds of USD 1.4bn around 500k ETH, 77% are still traceable, 20% has gone dark, 3% have been frozen,” Zhou said.
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Bybit CEO Ben Zhou confirmed that $280 million of the $1.4 billion stolen from the exchange has been laundered and is no longer traceable. Still, about $1.07 billion remains trackable, allowing investigators to continue their efforts to recover the funds.
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Apart from Circle, SBI VC Trade and its parent company, SBI, have closely collaborated with other major companies in the United States, such as Ripple.
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“Stablecoins are used soundly for the sophistication of remittance and settlement. I hope it will be done,” Ito stated in the speech, according to a report by the local news agency Nikkei.
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Coinbase was the first crypto firm to see relief. The SEC agreed to drop its enforcement action against the company after a lengthy legal battle lasting well over a year.
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Another sector of crypto crime continues to thrive in plain sight through simple market manipulation. Decentralized exchanges (DEXs) remain fertile ground for wash trading, where fraudsters orchestrate schemes that inflate trading volumes and deceive investors. The crypto firm CLS Global just pleaded guilty to wash-trading a token made by the US Federal Bureau of Investigation (FBI) for a cyber sting operation.
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“Polygon PoS continues to be the leading [Ethereum Virtual Machine] chain with almost 30% of all app action transactions, meaning transactions beyond basic token operations like approvals, transfers and wrapping,” he said.
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Terrett added that cryptocurrency exchanges Coinbase and Binance do not face court deadlines until March 14 and April 14, respectively.
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“It’s possible SEC leadership is expecting @realDonaldTrump’s pick for chair Paul Atkins to be on his way to getting confirmed by that time,” Terrett said.
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“In the interim, the crypto task force, Congress and the Presidential Working Group on Digital Assets are presumably working to fill the regulatory gaps that led to these lawsuits being brought in the first place.”
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The odds of a Fort Knox gold reserve audit taking place by May 2025 surged on prediction markets after US President Donald Trump confirmed his administration’s intention to conduct the audit.
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Trump spoke out on the Fort Knox audit during a flight to Washington on Feb. 19, stating that his administration is planning a visit to the vault to check the gold reserves, the Associated Press reported.
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“We’re going to go into Fort Knox to make sure the gold is there,” Trump declared, confirming the initiative that was originally spearheaded by the libertarian financial blog ZeroHedge and then supported by Kentucky Senator Rand Paul and Tesla CEO Elon Musk.
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Trump’s latest Fort Knox remarks fueled betting activity on the cryptocurrency-based prediction market platform Polymarket, which listed several related markets on Feb. 17.
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