FTX Heist: Russian Connection Unveiled In $477 Million Theft
In a shocking revelation, blockchain intelligence firm Elliptic has provided an in-depth analysis of the infamous FTX theft, shedding light on the complex web of events surrounding the hack, subsequent money laundering, and the ongoing quest to uncover the identity of the perpetrators. Based on blockchain analysis, the report exposes the sophisticated techniques employed to […]
Related News
According to a recent report, a 34 old Russian man stole a cryptocurrency mining rig but didn’t know. As a result, the Zavolzhsky district authorities in Russian convicted the man for the theft of his friend’s crypto mining equipment valued at 1.6 M rubles ($22,000). A Brief About the Cryptocurrency Mining Theft As stated by […]
Europe's primary bitcoin payment processor for merchants and free online wallet service, BIPS, was the target of a major DDoS attack and subsequent theft in the past few days that saw 1,295 BTC (just over $1m on CoinDesk's BPI) stolen. Kris Henriksen, BIPS' CEO, said most of the missing funds were "from the company's own holdings". BIPS uses an algorithm, based on supply and demand, to work out the amount of bitcoins it needs to keep it in a 'hot wallet'. The heist, however, was apparently not due to any vulnerability in the code itself. He also said merchants who had chosen to instantly....
On March 1, web hosting provide Linode's servers were hacked, resulting in a theft of 3000 BTC from Slush and, most severely, 43000 BTC from Bitcoinica. There have been two major Bitcoin heists before, one 25000 BTC theft in June and a 17000 BTC theft from the Bitcoin exchange bitomat.pl in August, resulting in the exchange being bailed out and acquired by MtGox. Security is a major issue in the Bitcoin community, and many are worried that if they want to carry out a significant portion of their economic activity in bitcoins their money will not be safe. Many traditional banking proponents....
The DAO, a decentralized autonomous organization built on the Ethereum blockchain, has been the subject of a continued hack today that has seen the theft of over 3.5 million Ether, which was valued at more than $50 million at the time of the heist. The DAO was created as a utopian decentralized venture capital-style smart contract, enabling individuals to gain voting shares in exchange for the virtual currency Ether. Naturally, the fund has attracted huge attention in the digital currency world, with more individuals jumping on board, raising more than $150 million worth of Ether during....
Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth 100 Million Rubles Police in the Russian Irkutsk Oblast have launched an investigation of the operators of a mining hosting facility suspected of defrauding clients and stealing their expensive coin minting hardware, Tass news agency reported, quoting the region’s Main Directorate of the Interior....