Billion

A record $3.8 billion was stolen in crypto hacks last year, a report says

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CNN By Jennifer Korn A record $3.8 billion worth of cryptocurrency was stolen from various services last year, with most of those thefts fueled by hackers linked to North Korea, according to a report released Wednesday by blockchain analytics firm Chainalysis. The increase in cryptocurrency heists, from $3.3 billion in 2021, came as the overall …

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Crypto lender Genesis has claimed $5.1 billion in liabilities since November

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Crypto lender Genesis reported a total of $5.1 billion in liabilities shortly after it stopped its customers from withdrawing funds from the platform in November, according to the company’s bankruptcy filings. Genesis Global Holdco LLC and two of its credit subsidiaries, which filed for bankruptcy protection Thursday in New York, are the latest crypto firms …

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The $100 billion crypto price boom has seen these coins leave Bitcoin and Ethereum in the dust

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Bitcoin BTC and ethereum, the two largest cryptocurrencies by a wide margin, jumped higher this week—helping add about $100 billion to the combined crypto market. Subscribe now yes Forbes CryptoAsset & Blockchain Advisor and successfully manage the latest bitcoin and crypto market crash The price of bitcoin added 12% this past week, with the price …

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Crypto crime to reach record $20 billion in 2022, report says

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LONDON, Jan 12 (Reuters) – Illegal use of cryptocurrencies reached a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions surged, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market faltered in 2022, as risk appetite decreased and various crypto companies failed. Investors were left with heavy losses, …

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Once valued at $1.5 billion, crypto payment provider Wyre will shut down by the end of January

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Editor’s note: With so much market volatility, stay tuned for daily news! Catch up in minutes with our quick summary of today’s news and must-read expert opinions. Sign up here! (Kitco news) – The ongoing crypto winter has devastated crypto payment service provider Wyra, which will reportedly shut down its services by …

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Public documents reveal $3 billion crypto trader still lives with his mother

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According to public records, the 25-year-old crypto investor who traded nearly $2 billion (A$3 billion) worth of cryptocurrencies in 2021 ran his crypto empire from the comfort of his parents’ home in Sydney, Australia. The young attacker in question, Darren Nguyen, has not spoken about the achievement of his small trading firm, PO Street Capital, …

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Crystal Blockchain believes crypto theft is responsible for more than $2 billion in losses in 2022.

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Bad actors continue to find new spaces to transact with peer-to-peer exchanges. Provider of blockchain analysis tools Crystal Blockchain details the latest blockchain data in his recent report. According to Crystal Blockchain ‘Crypto Asset and Blockchain Industry Report 2022‘, there was a 15 percent increase in funds sent to the darknet from illicit sources in …

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Move Your Funds ‘Now’ — Serious $2.2 Billion Crypto Warning Issued After Sudden Price Plunge Of Rivals Bitcoin And Ethereum

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Bitcoin BTC ethereum and other major cryptocurrencies have fallen this year (although leaks have suggested a $65 billion earthquake could be fast approaching). Subscribe now yes Forbes CryptoAsset & Blockchain Advisor and successfully manage the latest bitcoin and crypto market crash The price of bitcoin has fallen by around 70% compared to the year before, …

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