illigrem4

@illigrem4

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This is me over 40 trying to stay awake once the movie starts… 😂 https://x.com/i/status/1919074934564806914

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The project’s insiders allegedly siphoned over $107 million worth of liquidity in a rug pull, triggering a 94% price collapse within hours and wiping out $4 billion in investor capital.

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That left the hacker with about 363,900 ETH, worth around $900 million, according to pseudonymous blockchain analyst EmberCN.

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The hacker behind the $1.4 billion Bybit exploit has laundered more than $335 million in digital assets, with investigators continuing to track the movement of stolen funds.

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Chainalysis’s 135-page report also covers the rise of laundering-as-a-service platforms, the decline of darknet market revenues, and the growing role of AI in crypto scams. It examines how North Korean hackers stole a record $1.34 billion, the fall of major ransomware groups like LockBit and the SEC’s crackdown on $2.57 billion in market manipulation schemes. The report shows the evolution of crime and the escalating global response with detailed case studies and forensic insights.

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Bitcoin fell under $91,000 and crypto sentiment nosedived alongside a broader market decline as US President Donald Trump reiterated that his planned tariffs against Mexico and Canada were “going forward.”

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On Nov. 6, 2024, Donald Trump won the United States presidential election. His victory was broadly perceived as a win for the crypto space, as Trump had promised to end the war on crypto and make the US the crypto capital of the world if elected.

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AppsFlyer attributed the increase in adoption to several key developments in the cryptocurrency space.

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Most of these downloads occurred in the second half of 2024, with crypto app installs exceeding 1 million per month in the final quarter. December saw the biggest surge, with 2.8 million downloads, AppsFlyer said.

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According to AppsFlyer, downloads of the top 49 crypto apps in the UAE reached 6.2 million in 2023. That jumped to 15 million in 2024, a 41% increase.

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Data from app analytics platform AppsFlyer shows that cryptocurrency applications saw a sharp increase in adoption in the United Arab Emirates in 2024.

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Kraken’s transparency report came soon after the exchange released its annual financial report, showing that it received $1.5 billion in revenue in 2024 or a 128% spike versus 2023.

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The agency seeks “to strike a balance between safeguarding the interests of investors and facilitating continuous development for the virtual asset ecosystem,” Yip added.

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In December 2024, Hong Kong issued licenses to four virtual asset trading platforms — HKbitEX, Accumulus, DFX Labs and EX.IO. SFC executive director of intermediaries Eric Yip said:

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At the time, the regulator had completed the first round of “on-site” reviews for the crypto firms. The inspections are focused on safeguarding client assets, Know Your Customer (KYC) processes and cybersecurity.

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To date, 10 crypto exchanges have formally registered in Hong Kong under AMLO since 2020 and are allowed to operate virtual asset trading platforms. In October 2024, SFC CEO Julia Leung said the regulator wanted to issue licenses to 11 crypto service providers by year-end.

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On Jan. 27, the SFC awarded operational licenses to two Hong Kong-based crypto exchanges — PantherTrade and YAX. According to public records maintained by the Hong Kong government, both entities were registered under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).

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Further controversy has emerged after White House crypto and AI czar David Sacks told Fox News on Jan. 28 that there is evidence DeepSeek may have used OpenAI’s model outputs to train its AI through a process called distillation — a method where an AI model learns by imitating the outputs of another.

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The announcement triggered a sell-off in tech and AI stocks, wiping billions from the US market and sparking a correction in AI-focused cryptocurrencies.

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