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Bankrupt Cryptopia exchange distributes $225M to hack victims

Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December.

Liquidators of the bankrupt cryptocurrency exchange Cryptopia have started distributing millions to users affected by a hack that took place almost six years ago.

Cryptopia’s liquidating firm, Grant Thornton, on Dec. 20 announced the start of distributions to more than 10,000 verified account holders affected by Cryptopia’s hack in 2019.

Over the past two days, verified account holders of Bitcoin (BTC) and Dogecoin (DOGE) received crypto distributions worth at least 400 million New Zealand dollars ($225 million), the liquidator said.

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Japan crypto exchange DMM Bitcoin is set to liquidate: Report

DMM Bitcoin, which suffered a private key hack in May that caused a loss of $320 million in Bitcoin is reportedly ceasing efforts to revamp operations.

Japanese cryptocurrency exchange DMM Bitcoin is reportedly prepping to liquidate after losing $320 million in Bitcoin from a private key hack in May that the company has failed to recover from.

The crypto exchange is also reportedly ceasing efforts to revamp operations and intends to transfer customer assets to SBI VC Trade, an exchange operator under SBI Group, around March, reported Nikkei Asia on Dec. 2, without sharing its source.

Cointelegraph reached out to DMM Bitcoin for comment.

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Whale Loses $74,980,000 in One Trade Trying to Short Bitcoin (BTC) on Election Day: Lookonchain

Whale Loses ,980,000 in One Trade Trying to Short Bitcoin (BTC) on Election Day: Lookonchain

A trader attempting to short Bitcoin (BTC) is reportedly now suffering tens of millions of dollars in losses after the flagship crypto asset soared on Election Day. Blockchain tracking firm Lookonchain says one crypto whale suffered a $74,980,000 liquidation as US presidential vote tallies began to break toward pro-crypto candidate Donald Trump. Bitcoin hit new […]

The post Whale Loses $74,980,000 in One Trade Trying to Short Bitcoin (BTC) on Election Day: Lookonchain appeared first on The Daily Hodl.

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Bitcoin open interest soars to 1-year high as BTC price rallies toward $68K

Demand for leverage in BTC futures jumped to $38 billion, but traders appear well-positioned enough to avoid surprise price swings.

Bitcoin (BTC) price gained 8% between Oct. 14 and 15, up 11.5% over the past 30 days. Bitcoin currently is significantly outperforming the S&P 500, which gained 3.8% during the same period. 

However, some traders are concerned that the sharp increase in demand for Bitcoin leverage could pose a potential risk.

The aggregate Bitcoin futures open interest — which measures the total number of BTC futures contracts — signals a rising appetite for leverage, causing some unease among investors. High open interest can increase the risk of cascading liquidations due to unexpected upward or downward price movements, leading traders to anticipate heightened volatility.

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Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes

Bitcoin Nears K as Crypto Rebounds on Jobs Report and Rate Cut HopesOn Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct. 4 after […]

Tron-Established DSA Backs Trump’s Crypto Ball As World Liberty Financial Eyes TRX Treasury Integration

The Weight of Bitcoin’s Latest Freefall Pushes Crypto Market Below $2 Trillion 

The Weight of Bitcoin’s Latest Freefall Pushes Crypto Market Below  Trillion According to the latest stats, bitcoin (BTC) has taken a 2.5% dip against the U.S. dollar in the last 24 hours and is down 5.8% over the past week. The top cryptocurrency hit an intraday low of $55,602 per coin, and by Wednesday morning just before 11 a.m. EDT, it was just skimming above $57,400 […]

Tron-Established DSA Backs Trump’s Crypto Ball As World Liberty Financial Eyes TRX Treasury Integration

SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan

SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 PlanThe U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is moving […]

Tron-Established DSA Backs Trump’s Crypto Ball As World Liberty Financial Eyes TRX Treasury Integration

Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M

Bitcoin Slides Below K as Market Plunge Wipes Out 8MAfter lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto market is in the […]

Tron-Established DSA Backs Trump’s Crypto Ball As World Liberty Financial Eyes TRX Treasury Integration

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy HearingThe Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered substantial hurdles since the Terra ecosystem’s collapse in 2022. Terraform Labs Faces Pivotal Bankruptcy […]

Tron-Established DSA Backs Trump’s Crypto Ball As World Liberty Financial Eyes TRX Treasury Integration

47 Companies Apply to Operate in Turkey Under New Crypto Regulations

47 Companies Apply to Operate in Turkey Under New Crypto RegulationsTurkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with liquidation by specified deadlines, with legal repercussions for noncompliance. Turkey’s Capital Markets […]

Tron-Established DSA Backs Trump’s Crypto Ball As World Liberty Financial Eyes TRX Treasury Integration