North Korea-backed Lazarus Group linked to $305M DMM Bitcoin hack
The suspected involvement of Lazarus Group in the DMM Bitcoin hack underscores ongoing cybersecurity threats posed by state-backed actors in the cryptocurrency sector.
Xu LinThe suspected involvement of Lazarus Group in the DMM Bitcoin hack underscores ongoing cybersecurity threats posed by state-backed actors in the cryptocurrency sector.
Xu LinCryptocurrency exchange DMM Bitcoin reported on the 31st of last month that 4,502.9 BTC were illegally transferred from its official wallet, resulting in a loss valued at 48.2 billion yen (USD 311 million). In response to this incident, the seventh largest cryptocurrency theft in history, Japan's Financial Services Agency has demanded that DMM Bitcoin provide a report on the cause of the theft and its customer compensation policy.
AlexDropbox has issued a report regarding a data breach concerning its Dropbox Sign e-signature service.
KikyoUS Bitcoin ETFs witness unprecedented outflows, led by BlackRock's IBIT with $36.6M. GBTC and FBTC see significant outflows. Despite Bitcoin's 10.7% weekly decline, ETFs operate smoothly. Traditional assets like gold also experience outflows.
EdmundGrayscale's BTC ETF sees record-low outflow, signaling stabilization. Genesis liquidation and high fees contribute to persistent outflows. BTC trading at $70,600, up 2.2%.
Huang BoEl Salvador's largest-ever data breach exposes over 5 million citizens' personal information, including sensitive data and photos. Breach raises concerns about governance amid President Bukele's controversial actions and involvement of iFinex subsidiaries.
Huang BoGBTC outflows have put negative pressure on Bitcoin’s price and market, but are also affected by other factors, such as U.S. regulation, Bitcoin competitors, etc.
JinseFinanceBitcoin struggled to maintain $40,000 amid Grayscale's $700 million outflows. Challenges arose from GBTC's transition to a spot Bitcoin ETF, triggering significant BTC sales. Despite concerns, the market showed resilience, with uncertain future trajectories and growing interest at lower price levels.
BerniceJames Butterfill, head of research at CoinShares, said the outflows came despite the "increased certainty of the merger".
CointelegraphDigital asset investment products saw outflows of $63 million.
Beincrypto