Cypto

Garantex administrator arrested in India under extradition law

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Indian police have arrested the co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the European Union and the U.S. government, under India’s extradition law, TechCrunch has exclusively learned and confirmed with state authorities. At 4 p.m. local time (3:30 a.m. PT) on Tuesday, the state police of Kerala arrested Lithuanian national Aleksej Besciokov in […]

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Following takedown operation, Garantex invites customers to ‘face-to-face’ Moscow meeting

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It has not been a good week for Russian crypto exchange Garantex.  Firstly, on Thursday, stablecoin issuer Tether blocked access to Garantex’s wallets that held around $28 million of the crypto exchange’s funds. On the same day, an international law enforcement operation led by the U.S. Secret Service seized Garantex’s official websites. At the time,

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US charges admins of Garantex for allegedly facilitating crypto money laundering for terrorists and hackers

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The U.S. Department of Justice announced on Friday criminal charges against the administrators of the Russian cryptocurrency exchange Garantex for allegedly facilitating money laundering by criminal and terrorist organizations, as well as violating U.S. sanctions.  The two administrators are Lithuanian national and Russian resident Aleksej Besciokov, 46, and Aleksandr Mira Serda, 40, a Russian national

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Hackers launder most of Bybit’s stolen crypto worth $1.4B

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The hackers who stole around $1.4 billion in cryptocurrency from crypto exchange Bybit have moved nearly all of the robbed proceeds and converted them into Bitcoin, in what experts call the first phase of the money-laundering operation.  On February 21, Bybit said that a “sophisticated attack” on one of the company’s wallets resulted in the

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FBI says North Korea ‘responsible’ for $1.4 billion Bybit heist

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The FBI said the North Korean government is “responsible” for the hack at crypto exchange Bybit, which resulted in the theft of more than $1.4 billion in Ethereum cryptocurrency.  On Wednesday, the bureau released a public advisory, attributing the hack to a group known as TraderTraitor. Contact Us Do you have more information about the

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Hacked crypto exchange Bybit offers $140 million bounty to trace stolen funds

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Last week, hackers stole around $1.4 billion in Ethereum cryptocurrency from crypto exchange Bybit, believed to be the largest crypto heist in history. Now, the company is offering a total of $140 million in bounties for anyone who can help trace and freeze the stolen funds. Bybit’s CEO and co-founder Ben Zhou announced the bounty

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Sam Bankman-Fried’s first post from prison isn’t even good

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As disgraced FTX founder Sam Bankman-Fried serves the early days of his 25-year prison sentence, the crypto wunderkind-turned-criminal made his first public post on X in over two years. Bankman-Fried’s thread on X responds to Elon Musk’s recent ultimatum to federal employees: respond to his email with five bullet points of recent accomplishments, or resign.

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Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit – and beat it

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Coinbase on Friday said the SEC has agreed to drop the lawsuit against the company with prejudice, meaning it cannot be filed again.  The move, which is still subject to the approval of the SEC’s Commissioners, is yet another signal that the Trump administration plans to be more friendly to crypto than the SEC was

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Crypto exchange Bybit says it was hacked and lost around $1.4B

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Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of Ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion.  Both

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