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Sky Mavis recovers $5.7M from Ronin Bridge hack

Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs while the rest will return to the Axie treasury.

Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, has announced that, with the assistance of Norwegian authorities, it has recovered $5.7 million from the notorious Ronin Bridge incident of 2022.

On June 7, Sky Mavis announced that Norway’s central unit for fighting economic and environmental crimes, called “Økokrim,” froze and returned $5.7 million in funds from the Ronin Bridge hack.

Sky Mavis said the efforts required coordination between law enforcement, lawyers, accountants and blockchain forensic teams like Chainalysis.

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Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Bitcoin whale wallets move $61M in BTC after a decade of dormancy

The two wallets acquired a total of 1,000 Bitcoin more than 10 years ago — when BTC was worth $134 each.

Two mysterious Bitcoin (BTC) wallets holding a combined 1,000 Bitcoin — worth $61 million at current prices — have suddenly awoken after a 10-year hiatus, transferring out almost every single satoshi.

Wallet address “16vRq…qjzEa" transferred out its 500 Bitcoin at block 843,131 on May 12 at 7:10 pm UTC, while the other 500 Bitcoin was sent by address “1DUJuH…NgfC5” two blocks later, according to Blockchain.com’s Bitcoin block explorer.

The wallets each received 500 Bitcoin on Sept. 12 and Sept. 13, 2013, when Bitcoin was priced at $134, according to CoinGecko.

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Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money

Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking MoneyMaximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals allegedly conspired to directly launder $14.5 million and used these shell […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Chainalysis Named Council Member of MENA Banking Group’s Digital Asset Lab

Chainalysis Named Council Member of MENA Banking Group’s Digital Asset LabChainalysis, a blockchain analysis firm, has been appointed as a council member of Digital Asset Lab. The firm will use its expertise to assist Emirates NBD’s lab in understanding market trends and client needs. The Digital Asset Lab’s objective is to comprehend how Emirates NBD’s customers can utilize digital assets and the associated technology. Leveraging […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Stablecoins Gain Ground as Global Financial Asset

Stablecoins Gain Ground as Global Financial AssetAccording to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a global financial asset. Legislation efforts in the U.S., such as the Lummis-Gillibrand Payment Stablecoin Act, aim to […]

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Two US Senators Pen Open Letter to DOJ and DHS Concerning Crypto Use by Child Abusers

Two US Senators Pen Open Letter to DOJ and DHS Concerning Crypto Use by Child Abusers

Two US Senators are writing a bipartisan letter to federal agencies about the potential use of crypto assets by child abusers. According to a new press release, Senator Elizabeth Warren, a Democrat from Massachusetts, and Senator Bill Cassidy, a Republican from Louisiana, say in the letter that digital assets are the “payment of choice” for […]

The post Two US Senators Pen Open Letter to DOJ and DHS Concerning Crypto Use by Child Abusers appeared first on The Daily Hodl.

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical

A high-ranking member of the Internal Revenue Service (IRS) says that he is anticipating more crypto cases related to tax violations. In a new interview with CNBC, Guy Ficco, the IRS’s Chief of Criminal Investigation, says that crypto tax crimes – such as not reporting earned income from trading digital assets – are on the […]

The post IRS Official Anticipates More Crypto Cases Amid Uptick in Tax Violations, Says Public-Private Partnerships Critical appeared first on The Daily Hodl.

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump

Online Pirated Streaming Content Witnesses Surge in Crypto Payments Between 2019 and 2023: Chainalysis

Online Pirated Streaming Content Witnesses Surge in Crypto Payments Between 2019 and 2023: Chainalysis

Crypto assets are increasingly being used to pay for pirated online streaming content, according to the blockchain analysis firm Chainalysis. Nordic Content Protection (NCP), a television anti-piracy non-profit, partnered with Chainalysis to track crypto addresses connected to illicit streaming. Total inflows to these addresses totaled approximately $24 million between 2019 and 2023, with a dramatic […]

The post Online Pirated Streaming Content Witnesses Surge in Crypto Payments Between 2019 and 2023: Chainalysis appeared first on The Daily Hodl.

Charles Schwab plans to offer spot crypto trading as US rules evolve under Trump