🚨 DOJ Extradites Chinese National in $37M Crypto Laundering Case
Chinese national Zheng Zhao, 44, has been extradited from the Netherlands to the United States. He is accused of laundering $36.9 million stolen from 174 American victims through an international fraud network operating from scam centers in Cambodia.
Prosecutors allege the funds were moved from US bank accounts to Deltec Bank in the Bahamas. The money was then converted into Tether (USDT) via a shell company called Axis Digital Limited before being transferred to crypto wallets controlled by the criminal network.
Zhao appeared in a Los Angeles federal court on Oct 23 and faces up to 20 years in prison for conspiracy to commit money laundering. Eight other participants have already pleaded guilty in connection with the scheme, which used fake trading platforms to lure victims.
#CryptoCrime #Tether #USDT #DOJ
Chinese national Zheng Zhao, 44, has been extradited from the Netherlands to the United States. He is accused of laundering $36.9 million stolen from 174 American victims through an international fraud network operating from scam centers in Cambodia.
Prosecutors allege the funds were moved from US bank accounts to Deltec Bank in the Bahamas. The money was then converted into Tether (USDT) via a shell company called Axis Digital Limited before being transferred to crypto wallets controlled by the criminal network.
Zhao appeared in a Los Angeles federal court on Oct 23 and faces up to 20 years in prison for conspiracy to commit money laundering. Eight other participants have already pleaded guilty in connection with the scheme, which used fake trading platforms to lure victims.
#CryptoCrime #Tether #USDT #DOJ
💰 Bitcoin ETFs Snap 2-Week Outflow Streak with $301M Inflow
US spot Bitcoin ETFs ended last week with $301 million in net inflows, successfully breaking a two-week streak of heavy withdrawals. The recovery follows significant losses of $228 million and $680 million in the preceding two weeks.
The week saw a massive $1.08 billion inflow between Monday and Wednesday as BTC surged to a weekly high of $84,777. However, momentum cooled by Thursday and Friday, with investors pulling out $774 million as the price retreated toward the $80,000 mark.
Research from DWF Labs indicates that ETF investors are not typically "dip buyers." Data shows net outflows occurred during seven out of eight Bitcoin sell-offs of at least 15% since the ETFs launched in January 2024.
#Bitcoin #ETF #CryptoNews #BTC
US spot Bitcoin ETFs ended last week with $301 million in net inflows, successfully breaking a two-week streak of heavy withdrawals. The recovery follows significant losses of $228 million and $680 million in the preceding two weeks.
The week saw a massive $1.08 billion inflow between Monday and Wednesday as BTC surged to a weekly high of $84,777. However, momentum cooled by Thursday and Friday, with investors pulling out $774 million as the price retreated toward the $80,000 mark.
Research from DWF Labs indicates that ETF investors are not typically "dip buyers." Data shows net outflows occurred during seven out of eight Bitcoin sell-offs of at least 15% since the ETFs launched in January 2024.
#Bitcoin #ETF #CryptoNews #BTC
💰 Ripple & Aviva: £22 Billion Giant Expands on XRPL
British asset manager Aviva has launched a second tokenized share class on the XRP Ledger (XRPL), investing £50 million ($66 million) into its Sterling Liquidity Fund. This brings Aviva's total XRPL-based investments to over £86 million ($116 million).
The fund being tokenized is a massive £22 billion vehicle. The move utilizes the XRPL Multi-Purpose Token (MPT) standard, allowing Aviva to maintain strict compliance controls, including clawback features and restricted transfers, while using blockchain for issuance and redemption.
Simultaneously, Ripple introduced its 24/7 Returns product at the Swell 2026 conference. This allows corporate clients to generate returns on idle cash using the RLUSD stablecoin and other digital assets held in Ripple wallets, operating outside traditional banking hours.
#Ripple #XRP #Tokenization #Aviva #XRPL
British asset manager Aviva has launched a second tokenized share class on the XRP Ledger (XRPL), investing £50 million ($66 million) into its Sterling Liquidity Fund. This brings Aviva's total XRPL-based investments to over £86 million ($116 million).
The fund being tokenized is a massive £22 billion vehicle. The move utilizes the XRPL Multi-Purpose Token (MPT) standard, allowing Aviva to maintain strict compliance controls, including clawback features and restricted transfers, while using blockchain for issuance and redemption.
Simultaneously, Ripple introduced its 24/7 Returns product at the Swell 2026 conference. This allows corporate clients to generate returns on idle cash using the RLUSD stablecoin and other digital assets held in Ripple wallets, operating outside traditional banking hours.
#Ripple #XRP #Tokenization #Aviva #XRPL
💰 US Bitcoin ETFs Return to Inflows After $774M Exit
US-listed spot Bitcoin ETFs recorded $110 million in net inflows on Monday, bouncing back after $774 million was withdrawn over the previous two trading sessions. Despite this recovery, the month of October remains in the red with approximately $202 million in total net outflows.
The rebound occurred as Bitcoin traded near $79,595, marking a 2.6% decline over the past seven days. Market sentiment has shifted slightly downward, with the Crypto Fear & Greed Index falling to 48, keeping the market in Neutral territory.
Data from CryptoQuant shows a divergence between retail and institutional behavior. Retail deposits to Binance nearly doubled to $10.8 billion over 30 days, while whale deposits fell to $3.8 billion. This suggests smaller investors are using price rebounds to exit positions while large holders reduce activity.
#Bitcoin #ETF #BTC #CryptoNews
US-listed spot Bitcoin ETFs recorded $110 million in net inflows on Monday, bouncing back after $774 million was withdrawn over the previous two trading sessions. Despite this recovery, the month of October remains in the red with approximately $202 million in total net outflows.
The rebound occurred as Bitcoin traded near $79,595, marking a 2.6% decline over the past seven days. Market sentiment has shifted slightly downward, with the Crypto Fear & Greed Index falling to 48, keeping the market in Neutral territory.
Data from CryptoQuant shows a divergence between retail and institutional behavior. Retail deposits to Binance nearly doubled to $10.8 billion over 30 days, while whale deposits fell to $3.8 billion. This suggests smaller investors are using price rebounds to exit positions while large holders reduce activity.
#Bitcoin #ETF #BTC #CryptoNews
🚨 Ripple and Robinhood Expand Partnership for RLUSD Stablecoin
Ripple and Robinhood have announced a major expansion to bring the RLUSD stablecoin to retail and institutional markets. The stablecoin will launch on the Robinhood app later this year, following its current availability on Bitstamp and Robinhood Chain.
Robinhood will also integrate Ripple Treasury to manage its global cash operations and liquidity. Additionally, the platform plans to use RLUSD on the XRP Ledger for institutional settlements, moving beyond customer services into internal financial infrastructure.
The news coincides with Ripple receiving final OCC approval to establish a national trust bank to manage RLUSD reserves. BNY has also expanded its role, supporting custody for XRP and RLUSD while allowing clients to mint and redeem the stablecoin directly.
#Ripple #Robinhood #RLUSD #XRP
Ripple and Robinhood have announced a major expansion to bring the RLUSD stablecoin to retail and institutional markets. The stablecoin will launch on the Robinhood app later this year, following its current availability on Bitstamp and Robinhood Chain.
Robinhood will also integrate Ripple Treasury to manage its global cash operations and liquidity. Additionally, the platform plans to use RLUSD on the XRP Ledger for institutional settlements, moving beyond customer services into internal financial infrastructure.
The news coincides with Ripple receiving final OCC approval to establish a national trust bank to manage RLUSD reserves. BNY has also expanded its role, supporting custody for XRP and RLUSD while allowing clients to mint and redeem the stablecoin directly.
#Ripple #Robinhood #RLUSD #XRP
🚨 Coinbase Vendor Breach Exposes Customer Contact Data
Major crypto exchange Coinbase confirmed that a security incident at its analytics vendor, Amplitude, has exposed the contact information of a small group of users. The exchange clarified that its internal systems remain secure and were not breached during this event.
The exposure reportedly affected a "small subset" of Coinbase customers alongside other clients of Amplitude. Coinbase Support stated on X that customer funds are completely safe and unaffected by the data leak.
This incident follows reports of other cyberattacks in the industry, including investigations into a potential breach at South Korean exchange Bithumb. Coinbase has not yet disclosed the exact number of users impacted by this specific vendor leak.
#Coinbase #Security #CryptoNews #DataBreach
Major crypto exchange Coinbase confirmed that a security incident at its analytics vendor, Amplitude, has exposed the contact information of a small group of users. The exchange clarified that its internal systems remain secure and were not breached during this event.
The exposure reportedly affected a "small subset" of Coinbase customers alongside other clients of Amplitude. Coinbase Support stated on X that customer funds are completely safe and unaffected by the data leak.
This incident follows reports of other cyberattacks in the industry, including investigations into a potential breach at South Korean exchange Bithumb. Coinbase has not yet disclosed the exact number of users impacted by this specific vendor leak.
#Coinbase #Security #CryptoNews #DataBreach
💰 Robinhood Hits Record $1.4 Billion Revenue Amid Crypto Recovery
Robinhood reported record net revenue of $1.4 billion for Q3, a 12% year-over-year increase. Despite the revenue milestone, net income fell 14% to $476 million, impacted by $67 million in unrealized losses from its venture fund.
Crypto transaction revenue rose to $120 million, up 20% from the previous quarter. Total crypto trading volume reached $50 billion, with Bitstamp contributing $29 billion while the main Robinhood app handled $21 billion in retail activity.
The Robinhood Chain saw massive adoption in its first mainnet quarter, generating over $80 billion in decentralized exchange (DEX) volume and $50 million in fees. The company now ranks the network as a top-five chain by revenue and volume.
#Robinhood #CryptoNews #Bitstamp #Blockchain
Robinhood reported record net revenue of $1.4 billion for Q3, a 12% year-over-year increase. Despite the revenue milestone, net income fell 14% to $476 million, impacted by $67 million in unrealized losses from its venture fund.
Crypto transaction revenue rose to $120 million, up 20% from the previous quarter. Total crypto trading volume reached $50 billion, with Bitstamp contributing $29 billion while the main Robinhood app handled $21 billion in retail activity.
The Robinhood Chain saw massive adoption in its first mainnet quarter, generating over $80 billion in decentralized exchange (DEX) volume and $50 million in fees. The company now ranks the network as a top-five chain by revenue and volume.
#Robinhood #CryptoNews #Bitstamp #Blockchain
💰 Bitcoin ETFs Turn October Green with $137M Inflow
US-listed spot Bitcoin ETFs recorded $137 million in net inflows on Wednesday, marking a three-day winning streak. This surge brings the total inflows over the last three days to $424 million, successfully pushing October net flows back into positive territory at $111 million.
The recovery follows a massive $774 million outflow recorded late last week. The turnaround coincided with the US Federal Reserve holding interest rates steady between 3.75% and 4%. Fed Chair Kevin Warsh noted that inflation remains above the 2% target, keeping market sentiment in the Neutral zone.
While BTC holds near $79,848, Ether ETFs continue to struggle. ETH funds saw $21 million in withdrawals on Wednesday, bringing the total October outflows for Ether to a significant $1.35 billion.
#Bitcoin #ETF #CryptoNews #Ethereum
US-listed spot Bitcoin ETFs recorded $137 million in net inflows on Wednesday, marking a three-day winning streak. This surge brings the total inflows over the last three days to $424 million, successfully pushing October net flows back into positive territory at $111 million.
The recovery follows a massive $774 million outflow recorded late last week. The turnaround coincided with the US Federal Reserve holding interest rates steady between 3.75% and 4%. Fed Chair Kevin Warsh noted that inflation remains above the 2% target, keeping market sentiment in the Neutral zone.
While BTC holds near $79,848, Ether ETFs continue to struggle. ETH funds saw $21 million in withdrawals on Wednesday, bringing the total October outflows for Ether to a significant $1.35 billion.
#Bitcoin #ETF #CryptoNews #Ethereum
💰 Coinbase Returns to Profit with $719 Million Q3 Net Income
Coinbase has ended a two-quarter losing streak, reporting a net income of $719 million for the third quarter. While total revenue hit $1.22 billion, the profit was largely driven by $715 million in gains from crypto assets held on the company's own balance sheet.
Transaction revenue reached $590 million, beating analyst expectations despite low market volatility. A major highlight was Prediction Markets, which became one of the fastest-growing products in the exchange's history, reaching $200 million in annualized revenue.
The exchange also saw record growth in its USDC holdings, which hit $22 billion. Subscription and services revenue, led by stablecoins, now accounts for nearly half of the company's net revenue at $570 million.
#Coinbase #CryptoNews #Earnings #USDC
Coinbase has ended a two-quarter losing streak, reporting a net income of $719 million for the third quarter. While total revenue hit $1.22 billion, the profit was largely driven by $715 million in gains from crypto assets held on the company's own balance sheet.
Transaction revenue reached $590 million, beating analyst expectations despite low market volatility. A major highlight was Prediction Markets, which became one of the fastest-growing products in the exchange's history, reaching $200 million in annualized revenue.
The exchange also saw record growth in its USDC holdings, which hit $22 billion. Subscription and services revenue, led by stablecoins, now accounts for nearly half of the company's net revenue at $570 million.
#Coinbase #CryptoNews #Earnings #USDC
🚨 Binance hit by $6.3 billion hack linked to North Korea
Binance has confirmed a massive security breach resulting in the theft of approximately $6.3 billion in assets. The exchange has paused all withdrawals for 48 hours while it revamps its security systems. Deposits remain operational.
Chainalysis, TRM Labs, and the FBI have linked the attack to the North Korean hacking group TraderTraitor. Investigators found that funds were commingled with a previous Bitget exploit via THORChain, suggesting the same state-sponsored actor is responsible.
The breach reportedly started through a compromised DevOps engineer’s laptop, allowing attackers to manipulate the exchange's transaction-signing infrastructure. Binance stated there is no evidence that wallet private keys were leaked.
#Binance #CryptoHack #NorthKorea #BNB
Binance has confirmed a massive security breach resulting in the theft of approximately $6.3 billion in assets. The exchange has paused all withdrawals for 48 hours while it revamps its security systems. Deposits remain operational.
Chainalysis, TRM Labs, and the FBI have linked the attack to the North Korean hacking group TraderTraitor. Investigators found that funds were commingled with a previous Bitget exploit via THORChain, suggesting the same state-sponsored actor is responsible.
The breach reportedly started through a compromised DevOps engineer’s laptop, allowing attackers to manipulate the exchange's transaction-signing infrastructure. Binance stated there is no evidence that wallet private keys were leaked.
#Binance #CryptoHack #NorthKorea #BNB
🚨 CFTC Chair Pushes for US Oversight After $6.4 Billion Binance Hack
CFTC Chairman Michael Selig is using the record-breaking $6.4 billion exploit of Binance to argue for federal oversight of offshore crypto exchanges. Speaking to CNBC, Selig stated that the lack of US-style safeguards on unregulated platforms is the "real issue" and proposed a "federal option" for registration and cybersecurity standards.
The hack, tied by TRM Labs and Chainalysis to North Korea’s TraderTraitor group, is the largest in crypto history. While Binance initially blamed a single compromised laptop, CEO Richard Teng now describes a more complex attack that involved multiple breach points beyond one engineer's permissions.
#Binance #CFTC #CryptoHack #Ethereum
CFTC Chairman Michael Selig is using the record-breaking $6.4 billion exploit of Binance to argue for federal oversight of offshore crypto exchanges. Speaking to CNBC, Selig stated that the lack of US-style safeguards on unregulated platforms is the "real issue" and proposed a "federal option" for registration and cybersecurity standards.
The hack, tied by TRM Labs and Chainalysis to North Korea’s TraderTraitor group, is the largest in crypto history. While Binance initially blamed a single compromised laptop, CEO Richard Teng now describes a more complex attack that involved multiple breach points beyond one engineer's permissions.
#Binance #CFTC #CryptoHack #Ethereum
🚨 Binance hit by record $6.3B hack; Trump and US politicians react
Binance has suffered the largest heist in crypto history, with hackers stealing $6.3 billion in less than four hours. The exchange confirmed it will absorb all losses, ensuring users are not financially impacted.
Approximately $3 billion of the stolen funds have already been frozen across various locations. The hack is widely attributed to a North Korean group. The FBI and Secret Service have officially joined the response and investigation.
This event has sparked intense political debate ahead of the Nov. 3 US election. Senator Cynthia Lummis blamed the failure of the Clarity Act for the delay in freezing funds, while Representative Maxine Waters called for stricter accountability and questioned past ties between Donald Trump and Binance.
#Binance #CryptoHack #Regulation #Bitcoin
Binance has suffered the largest heist in crypto history, with hackers stealing $6.3 billion in less than four hours. The exchange confirmed it will absorb all losses, ensuring users are not financially impacted.
Approximately $3 billion of the stolen funds have already been frozen across various locations. The hack is widely attributed to a North Korean group. The FBI and Secret Service have officially joined the response and investigation.
This event has sparked intense political debate ahead of the Nov. 3 US election. Senator Cynthia Lummis blamed the failure of the Clarity Act for the delay in freezing funds, while Representative Maxine Waters called for stricter accountability and questioned past ties between Donald Trump and Binance.
#Binance #CryptoHack #Regulation #Bitcoin
⚡ Jupiter Lend USDC Liquidity Recovers to 29 Million
Jupiter Lend's USDC withdrawal liquidity has bounced back to 29 million USDC after hitting near-zero levels yesterday. Bitquery data showed only $88.89 was available for withdrawal on Oct 30, despite $416 million owed to savers.
The latest API data confirms 29 million USDC is now withdrawable against 443 million USDC in total assets. This represents a recovery to roughly 6.6% of the total pool being available for immediate exit.
The protocol uses dynamic ceilings and relies on unlent funds to process withdrawals. When liquidity is low, depositors must wait for borrowers to repay loans or for new deposits to enter the system.
While the recovery is significant, available liquidity remains a fraction of total claims. The Jupiter team notes that sustained access depends on the balance of repayments and new inflows.
#Jupiter #Solana #USDC #DeFi
Jupiter Lend's USDC withdrawal liquidity has bounced back to 29 million USDC after hitting near-zero levels yesterday. Bitquery data showed only $88.89 was available for withdrawal on Oct 30, despite $416 million owed to savers.
The latest API data confirms 29 million USDC is now withdrawable against 443 million USDC in total assets. This represents a recovery to roughly 6.6% of the total pool being available for immediate exit.
The protocol uses dynamic ceilings and relies on unlent funds to process withdrawals. When liquidity is low, depositors must wait for borrowers to repay loans or for new deposits to enter the system.
While the recovery is significant, available liquidity remains a fraction of total claims. The Jupiter team notes that sustained access depends on the balance of repayments and new inflows.
#Jupiter #Solana #USDC #DeFi
🚨 FBI blames North Korea for record $6.3B Binance hack
The FBI has officially attributed a massive $6.3 billion cryptocurrency theft from Binance to North Korea. The hack, which occurred this past Thursday, is linked to a malicious cyber group the agency identifies as TraderTraitor.
Investigators report that the hackers are currently converting the stolen digital assets primarily into Ether (ETH). The FBI warns that the group is moving into advanced laundering stages, utilizing DeFi protocols and instant swap services to hide the trail of the funds.
Private sector entities, including THORNode operators, RPC node operators, and blockchain analytics firms, have been urged to block transactions linked to a specific list of addresses. This record-breaking theft highlights a growing trend where the North Korean regime uses crypto exploits to fund its nuclear and ballistic missile programs.
#Binance #FBI #NorthKorea #CryptoHack
The FBI has officially attributed a massive $6.3 billion cryptocurrency theft from Binance to North Korea. The hack, which occurred this past Thursday, is linked to a malicious cyber group the agency identifies as TraderTraitor.
Investigators report that the hackers are currently converting the stolen digital assets primarily into Ether (ETH). The FBI warns that the group is moving into advanced laundering stages, utilizing DeFi protocols and instant swap services to hide the trail of the funds.
Private sector entities, including THORNode operators, RPC node operators, and blockchain analytics firms, have been urged to block transactions linked to a specific list of addresses. This record-breaking theft highlights a growing trend where the North Korean regime uses crypto exploits to fund its nuclear and ballistic missile programs.
#Binance #FBI #NorthKorea #CryptoHack
🚨 SEC Exposes $130 Million Crypto Fraud Using Official Filings
The SEC has filed a lawsuit against BG Wealth Sharing and DSJ Exchange for allegedly orchestrating a $130 million crypto investment scam. The defendants used the SEC's own public databases to trick tens of thousands of investors into believing the firms were government-authorized.
The scheme promised monthly returns of at least 60% and claimed investors could double their money in 40 days without risk. To appear legitimate, the companies submitted false Form ADV and Form D filings to the EDGAR system, which they then showed to victims as proof of licensing.
#SEC #CryptoScam #Regulation #Blockchain
The SEC has filed a lawsuit against BG Wealth Sharing and DSJ Exchange for allegedly orchestrating a $130 million crypto investment scam. The defendants used the SEC's own public databases to trick tens of thousands of investors into believing the firms were government-authorized.
The scheme promised monthly returns of at least 60% and claimed investors could double their money in 40 days without risk. To appear legitimate, the companies submitted false Form ADV and Form D filings to the EDGAR system, which they then showed to victims as proof of licensing.
#SEC #CryptoScam #Regulation #Blockchain
🔴 Bitcoin ETFs See $643M Outflow as Binance Hack Shakes Market
US spot Bitcoin ETFs recorded a massive $643 million net withdrawal on Friday, ending October with a total net outflow of $515 million. This marks the first negative month for the funds since June.
The sudden exit followed news of a $6.3 billion hack targeting Binance, the world’s largest crypto exchange. The security breach triggered market volatility, causing Bitcoin to drop to the $77,000 level on Thursday.
BlackRock’s IBIT led the outflows with $234 million, while Fidelity’s FBTC saw $201 million in exits. Experts are raising concerns about IBIT's heavy reliance on Coinbase for asset custody following the Binance exploit.
#Bitcoin #ETF #Binance #CryptoNews
US spot Bitcoin ETFs recorded a massive $643 million net withdrawal on Friday, ending October with a total net outflow of $515 million. This marks the first negative month for the funds since June.
The sudden exit followed news of a $6.3 billion hack targeting Binance, the world’s largest crypto exchange. The security breach triggered market volatility, causing Bitcoin to drop to the $77,000 level on Thursday.
BlackRock’s IBIT led the outflows with $234 million, while Fidelity’s FBTC saw $201 million in exits. Experts are raising concerns about IBIT's heavy reliance on Coinbase for asset custody following the Binance exploit.
#Bitcoin #ETF #Binance #CryptoNews
💰 Strategy Buys 811 BTC as Cash Reserves Drop 45%
Michael Saylor’s Strategy (MSTR) acquired 811 Bitcoin for approximately $66 million between Oct. 26 and Nov. 1. The purchase was made at an average price of $80,846 per coin, bringing the company's total holdings to 849,327 BTC.
The firm’s deployable USD cash fell 45.3% during the week, dropping from $242 million to $133 million. This decline occurred because the company prioritized $208 million in preferred-stock (STRC) buybacks over new crypto acquisitions.
To fund these moves, Strategy sold over 1.17 million shares of its MSTR common stock, generating $164 million in net proceeds. Only about 40% of those proceeds were used for Bitcoin, while the rest went to cash reserves under pressure from the aggressive buyback program.
#Bitcoin #MicroStrategy #MSTR #CryptoNews
Michael Saylor’s Strategy (MSTR) acquired 811 Bitcoin for approximately $66 million between Oct. 26 and Nov. 1. The purchase was made at an average price of $80,846 per coin, bringing the company's total holdings to 849,327 BTC.
The firm’s deployable USD cash fell 45.3% during the week, dropping from $242 million to $133 million. This decline occurred because the company prioritized $208 million in preferred-stock (STRC) buybacks over new crypto acquisitions.
To fund these moves, Strategy sold over 1.17 million shares of its MSTR common stock, generating $164 million in net proceeds. Only about 40% of those proceeds were used for Bitcoin, while the rest went to cash reserves under pressure from the aggressive buyback program.
#Bitcoin #MicroStrategy #MSTR #CryptoNews
🚨 Suspected EU Crypto Theft Hits $133 Million
Blockchain investigator ZachXBT has increased the estimated loss from a suspected hack of an unidentified European Union entity to $133 million. This follows the discovery of an additional $27 million in exchange withdrawals, some occurring after the initial report.
The investigator believes a large financial institution in Western Europe was exploited and is currently covering up the incident. This lack of disclosure allegedly allowed attackers to launder over $30 million that could have been frozen by law enforcement.
Data shows $62.98 million in stablecoins were converted into 27,553 ETH within four hours. The attacker is reportedly swapping funds into ETH and Monero (XMR) using instant exchanges and cross-chain bridges to hide the trail.
#CryptoHack #ZachXBT #Ethereum #Security
Blockchain investigator ZachXBT has increased the estimated loss from a suspected hack of an unidentified European Union entity to $133 million. This follows the discovery of an additional $27 million in exchange withdrawals, some occurring after the initial report.
The investigator believes a large financial institution in Western Europe was exploited and is currently covering up the incident. This lack of disclosure allegedly allowed attackers to launder over $30 million that could have been frozen by law enforcement.
Data shows $62.98 million in stablecoins were converted into 27,553 ETH within four hours. The attacker is reportedly swapping funds into ETH and Monero (XMR) using instant exchanges and cross-chain bridges to hide the trail.
#CryptoHack #ZachXBT #Ethereum #Security
🚨 US Midterms: Prediction Markets Bet on Democratic Sweep
Data from Kalshi and Polymarket shows a 75% chance of Democrats taking both the House and Senate. Over $1.9 billion has been traded on election outcomes, marking a record for a midterm cycle on these crypto-linked platforms.
In the high-stakes Ohio Senate race, markets predict a 72% win probability for Sherrod Brown. This comes despite the crypto-backed Fairshake super PAC spending over $40 million to oppose the known crypto-critic, who may now chair the Senate Agriculture Committee overseeing the CFTC.
#USMidterms #Polymarket #CryptoRegulation #PredictionMarkets
Data from Kalshi and Polymarket shows a 75% chance of Democrats taking both the House and Senate. Over $1.9 billion has been traded on election outcomes, marking a record for a midterm cycle on these crypto-linked platforms.
In the high-stakes Ohio Senate race, markets predict a 72% win probability for Sherrod Brown. This comes despite the crypto-backed Fairshake super PAC spending over $40 million to oppose the known crypto-critic, who may now chair the Senate Agriculture Committee overseeing the CFTC.
#USMidterms #Polymarket #CryptoRegulation #PredictionMarkets
🚨 Democrats Secure Control of US Congress in Midterm Elections
Democrats have won both the House and the Senate in the 2026 midterm elections. This shift gives the party full control over legislative committees starting in January 2027, allowing them to oversee President Donald Trump’s administration.
The result is expected to significantly reshape the outlook for crypto legislation. Democratic committee leaders will now gain more influence over which digital asset bills advance and which industry activities face federal investigation.
New committee chairs will have the power to issue subpoenas and scrutinize Trump-linked digital asset businesses. Prediction markets like Polymarket and Kalshi had correctly anticipated this outcome, placing the probability of a Democratic sweep at 75% before the results.
#CryptoRegulation #USPolitics #Congress #Midterms
Democrats have won both the House and the Senate in the 2026 midterm elections. This shift gives the party full control over legislative committees starting in January 2027, allowing them to oversee President Donald Trump’s administration.
The result is expected to significantly reshape the outlook for crypto legislation. Democratic committee leaders will now gain more influence over which digital asset bills advance and which industry activities face federal investigation.
New committee chairs will have the power to issue subpoenas and scrutinize Trump-linked digital asset businesses. Prediction markets like Polymarket and Kalshi had correctly anticipated this outcome, placing the probability of a Democratic sweep at 75% before the results.
#CryptoRegulation #USPolitics #Congress #Midterms