US Gov’t Loses $20 Million As Crypto Wallets Fall Victim To Major Hack

A crypto wallet owned by the US government might have been compromised and infiltrated by hackers, raising concerns about the security measures being implemented by the government on digital assets. The hacking incident could be a tell-tale sign of a lenient cybersecurity practice in handling government-controlled cryptocurrencies.

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US Government Crypto Wallets Drained; $20 Million In Ether And Stablecoins Likely Stolen In Malicious Transfers

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Hackers apparently steal $20m from US government wallets

U.S. government crypto wallets may be compromised, as observers alerted the public to suspicious on-chain transactions. According to Arkham, unknown hackers have possibly stolen $20 million in seized cryptocurrencies like Ethereum (ETH), Tether (USDT), and Circle USD Coin (USDC) from…

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US government crypto wallets hacked for $20M — Arkham Intelligence

According to onchain analytics firm Arkham Intelligence, the malicious address currently holds about $13 million in assets.

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Bhutan fourth largest Bitcoin holder among countries with 13,029 BTC stash

The Royal Government of Bhutan holds 13,029 Bitcoin (BTC), worth roughly $755 million at current prices, according to on-chain data gathered by Arkham Intelligence. Additionally, wallets tied to the Himalayan kingdom hold 656.

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Binance CEO dismisses ‘FUD’ over alleged freeze of Palestinian crypto wallets

Increased government scrutiny on digital assets may drive users towards decentralized platforms, highlighting regulatory and privacy challenges. The post Binance CEO dismisses ‘FUD’ over alleged freeze of Palestinian crypto wallets appeared first on Crypto Briefing.

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Bitcoin dips to $66K as US moves $2 billion in seized BTC to unidentified wallets

Bitcoin experienced a sharp decline to roughly $66,300 on July 29 after the US government transferred $2 billion worth of seized bitcoin (BTC) tied to the Silk Road marketplace. Arkham Intelligence revealed that a US government-owned wallet transferred 29,800 BTC to an unidentified address with no prior transaction history on July 29.

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Is Germany done transferring their Bitcoin? 

According to blockchain data, the German government has transferred the last of its Bitcoin holdings, finalizing a nearly three-week long selling spree.  As of Friday, July 12, the wallets linked to German authorities hold no remaining Bitcoin (BTC), according to…

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German government sends over 16,000 BTC to exchanges

The German government wallets have added to the tempo of their Bitcoin (BTC) sell-off by sending more than 16,000 BTC to crypto exchanges and market makers on Monday, July 8. After transferring over 2,700 BTC earlier in the day, the…

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As Germany dumps another 1K Bitcoin, traders feel the tremors

The German government has once again transferred a notable 1,000 BTC worth $55.8 million to crypto exchanges and unmarked wallets. Bitcoin was bearish at press time, moving below the 200-day EMThe post As Germany dumps another 1K Bitcoin, traders feel the tremors appeared first on AMBCrypto.

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Bitcoin plummets 5% amid massive sell-off

Bitcoin price dropped below $58,000 on Thursday, touching lows of $57,166. The nearly 5% decline came amid fresh sell-off pressure, with whales and government wallets selling BTC. Bitcoin traded to under $58,000 on Thursday, decreasing nearly 5% in 24 hours amid massive sell-off pressure.

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Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements

A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.

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Marathon Digital stock price gains as crypto market moves higher

Marathon Digital Holdings Inc., (MARA) was up more than 11% early Monday afternoon as crypto stocks rose sharply to mirror Bitcoin (BTC) gains. After struggling with bearish pressure amid miner and government wallets selling, bitcoin price broke to above $63k…

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German Government Entity Moves $24M Bitcoin to Kraken, Coinbase: Arkham

Tuesday’s movements come days after the entity shifted $425 million among wallets, with some bitcoin transferred to exchanges.

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US Govt Moves Nearly $1 Billion in $BTC — Will It Cause a Price Crash? $GFOX ICO Maintains Steady Price Growth

$BTC is up above $63,000, but some crypto analysts have suggested a possibility of its price dropping due to the U. S. government’s recent transfer of almost $1 billion worth of Bitcoin from two cryptocurrency wallets that held funds seized in 2016 from Bitfinex.

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US government transfers $922m in Bitcoin from seized Bitfinex hack funds

The U. S. government allegedly transferred Bitcoin (BTC) from two wallets that contained funds confiscated in the 2016 Bitfinex hack. According to Arkham Intelligence, on Feb. 28, from approximately 18:39 UTC to 19:55 UTC, U.

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U.S. Government Crypto Wallets Transfer Nearly $1B of Bitcoin Seized From Bitfinex Hacker

Wallets containing bitcoin seized by the U.S. government in the notorious Bitfinex hack – later leading to guilty pleas for Ilya Lichtenstein and Heather "Razzlekhan" Morgan – have suddenly become active.

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U.S. government is now largest Bitcoin whale with $5b in BTC

The U.S. government is one of the world’s largest holders of Bitcoin (BTC), storing about 200,000 BTC in hardware wallets. The Wall Street Journal (WSJ) reported that the U.S. Department of Justice, the Internal Revenue Service and other departments control a…

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China opens industrial park for digital yuan CBDC development in Shenzhen

The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.

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Stolen hearts and wallets: The rapid rise of cryptocurrency romance scams

The following is a guest post from Brendan Cochrane and Katya Gozias. “Pig butchering” scams, where victims are “fattened” up with flattery, often under the guise of romance, before handing over their assets to the scammer, are on the rise, and the government and cryptocurrency exchanges should be doing more to protect people from these […] The post Stolen hearts and wallets: The rapid rise of cryptocurrency romance scams appeared first on CryptoSlate.

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Thailand embraces crypto wallets for nationwide airdrop

Thailand's new government is utilizing blockchain and crypto wallets to disburse $280 cash handouts to citizens.

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New Thailand Govt Turns to Blockchain and Crypto Wallets for National Airdrop 

Thailand's new government plans to use blockchain and crypto wallets to distribute a cash handout of around $280 to citizens in a bid to stimulate the economy and promote digital finance. The post New Thailand Govt Turns to Blockchain and Crypto Wallets for National Airdrop  appeared first on BeInCrypto.

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New Russian malware, dubbed ‘Infamous Chisel,’ identified targeting Binance, Coinbase, and Trust wallets

Newly discovered malware dubbed “Infamous Chisel” targets crypto wallets and other Android apps, according to a U. K. government report on Sept. 1. The U. K. ’s National Cyber Security Centre (NCSC) said that the malware works by scanning various directories on infected mobile devices and exfiltrating data.

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Why Is the US Government Moving Over 9,300 Seized Bitcoin?

The US government has moved over 9,300 Bitcoin from two of its wallets, sparking speculation about whether it plans to sell the cryptocurrency The post Why Is the US Government Moving Over 9,300 Seized Bitcoin? appeared first on BeInCrypto.

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Silk Road BTC Valued at $300M Moved by US Government

US government-linked wallets moved Bitcoin worth over $300 million that are connected to the Silk Road, a once-thriving illegal marketplace on the darknet. The transactions were carried out the transfer...

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US Government Moving Seized Bitcoin? On-Chain Analyst Says Otherwise

Is the US Government moving seized Bitcoin to exchange wallets? n-chain analyst Ki Young Ju disagrees, arguing that the wallet in question is likely an exchange hot wallet The post US Government Moving Seized Bitcoin? On-Chain Analyst Says Otherwise appeared first on BeInCrypto.

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North Korean crypto wallets sanctioned; Binance says it helped Treasury seize $4.4M

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned several addresses linked to North Korean cybercrime on May 23. Six wallets sanctioned OFAC sanctioned six crypto addresses belonging to North Korean national Kim Sang Man, who was involved in cyber activities and fraudulent IT worker job placements that generated revenue for North Korea’s government […] The post North Korean crypto wallets sanctioned; Binance says it helped Treasury seize $4.4M appeared first on CryptoSlate.

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Arkham says US government not moving Bitcoin; labeling issues continue

Arkham Intelligence said that it has not observed funds moving from wallets connected to the U. S. government in a series of tweets on May 10. In a now-protected account, Twitter user beetle (@1kbeetlejuice) suggested that “[U.

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Hundreds of Bitcoin Wallets Controlled by Russian Intelligence Agencies Exposed: Report

Hackers revealed that 986 unique BTC wallets have allegedly been used by Russian state intelligence groups, amid the complicated relationship between crypto and the Russian government. A recently deleted Chainalysis...

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Bitcoin [BTC]: Interest in Ordinals rises, but is FUD on the way?

Interest in Bitcoin Ordinals continued to rise. FUD and Speculation around the U.S. government and Mt.GOX wallets impacted trader behavior. Upon their initial introduction, Bitcoin [BTC] insThe post Bitcoin [BTC]: Interest in Ordinals rises, but is FUD on the way? appeared first on AMBCrypto.

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40,000 BTC from US Government Seizures in Motion: What Could It Mean for Bitcoin?

The recent news that around 40,000 bitcoins worth circa $1 billion from wallets linked to US government law enforcement seizures have started to move again, according to the blockchain data provider Glassnode.

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U.S. Government's $1B Bitcoin Transfer Spooks Investors, Bitcoin Dips

The price of bitcoin dipped below 22,000 early Wednesday after authorities moved some of the bitcoin to Coinbase-controlled wallets.

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Bahamas Securities Regulator Says It Ordered FTX Crypto Transferred to Government Wallets

The Securities Commission of the Bahamas announced Thursday that it ordered the contents of FTX's crypto wallets to be transferred to government-controlled wallets on the previous Saturday.

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Ukraine Blocks Crypto Wallets Used To Fund Russia Invasion

Ukraine government has seized and blocked the crypto wallets which were affiliated to raising funds for Russian military campaign. According to Security Service of Ukraine, a lot of foreign crypto companies helped Ukraine seize the funds.

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Regulation Amendments By UK Treasury Drops KYC Restriction For Non-Hosted Wallets

Government authorities around the globe have been restructuring regulation rules after seeing excessive market volatility following the Terra collapse. Similarly, while updating money laundering rules, the United Kingdom’s HM Treasury decided to reverse its plans to impose Know-Your-Customer (KYC) restrictions on the non-custodial crypto wallets, also known as private wallets. KYC protocols are used to […]

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UK Government Backtracks on Unhosted Wallet Data Collection Proposal

The government said it didn't make sense to require all senders of funds to private crypto wallets to collect recipients' identification details.

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Lithuania to Ban Anonymous Wallets As Government Tightens Crypto Restrictions

Amid the geopolitical tensions, institutions within the European Union have been expediting processes to regulate cryptocurrencies. This is “in consideration of the increasing number of the crypto asset and service providers across Europe, global financial challenges, increased money laundering activities, and possible financing of terrorism associated with virtual currencies”, according to the Lithuanian government.  Against this […]

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NuGenesis LedgerX: A Decentralized Exchange with Centralized Benefits

Canadian Government Makes Unprecedented Warrantless Seizure of Citizens’ Crypto Wallets On February 17, 2022, the Canadian Government announced that “The names of both individuals and entities, as well as crypto wallets, have been shared by the Royal Canadian Mounted Police, with financial institutions and accounts having been frozen and more accounts will be frozen.

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Israeli authorities seize Hamas linked crypto accounts

The Israeli government has confiscated 30 crypto wallets from a small exchange based in Gaza, where the Hamas terrorist group has bolstered its military.

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Russian Politicians’ Crypto Wallets Targeted By Ukraine – Hefty Reward Up For Grabs

Ukraine is exploring more means of thwarting Russia’s onslaught on their country by running after government official’s crypto wallets. Ukrainian authorities are attempting to stay ahead of crypto-savvy Russian officials who may shift to digital currency in order to evade rising efforts to financially isolate the Kremlin and its allies. Wars can be waged on […]

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Canada lifts Emergencies Act after freezing crypto wallets and bank accounts

Following the weeks-long Freedom Convoy protests in Canada, the government has finally ended the Emergencies act. The government had deemed these protests illegal and even allowed banks to freeze accounts linked to the protests.

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RCMP orders blacklist of 34 crypto wallets: report

The police order, Counter Signal reports,  is part of the government’s “emergency” measures and… The post RCMP orders blacklist of 34 crypto wallets: report appeared first on Coin Journal.

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2016 Bitfinex hack: U.S arrests accused couple, seizes stolen Bitcoins worth $3.6B

The United States Government now controls one of the wealthiest Bitcoin wallets, as the Department of Justice seized $3. 6 billion in stolen cryptocurrency from the 2016 hack of crypto exchange BitfinThe post 2016 Bitfinex hack: U.

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Russian owners of cryptocurrencies to be obliged to open crypto-wallets in domestic banks

The Russian Government approved the concept of the Ministry of Finance for the regulation of cryptocurrencies. To remove digital currencies from the gray zone, it is proposed to oblige users to make transactions through verified crypto wallets opened through Russian banks.

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South Korean Crypto Exchanges To Follow Coinone in Banning Unverified Wallets

On December 29th, South Korean-based crypto exchange Coinone announced plans to ban all unverified 3rd party wallet addresses. According to several reports, this is to comply with government and FATF guidelines.

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South Korea Prohibiting Withdrawals from Exchanges to Non-KYC Wallets Starting March 2022

The South Korean government is prohibiting withdrawals from local cryptocurrency exchanges to non-KYC wallets such as MetaMask, starting next year, as per the local report. Regulators in the country are imposing the travel rule when transferring assets from one venue to another, requiring information of sender and recipient to be recorded in order to prevent […] The post South Korea Prohibiting Withdrawals from Exchanges to Non-KYC Wallets Starting March 2022 first appeared on BitcoinExchangeGuide.

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China sees 10% rise in e-CNY wallets, first case of money laundering using digital yuan

The Chinese government may want to reconsider the security of its central bank digital currency [CBDC] in the backdrop of Xinmi police's crackdown on the first-ever case of money laundering using the The post China sees 10% rise in e-CNY wallets, first case of money laundering using digital yuan appeared first on AMBCrypto.

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Australia Reevaluates Laws for Crypto Wallets on Apple and Google

The Australian government says it's considering new laws for more regulated digital payment and crypto services from major tech companies like Apple and Google. The post Australia Reevaluates Laws for Crypto Wallets on Apple and Google appeared first on BeInCrypto.

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Is Polkadex on the Right Path with Decentralized KYC?

The crypto industry is seeing more and more headlines about tighter government restrictions.   On July 20 the European Commision (executive branch of the European Union), announced that a new proposal would result in tighter regulation for the cryptocurrency industry—in particular, regulation around anonymous wallets and transactions.

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