Bitfinex is the only victim of the 2016 hack

This is according to court documents indicating that cryptocurrency exchange Bitfinex is entitled to damages for a hack that occurred in 2016 that resulted in the theft of 120,000 BTC.

"The government is not aware of any person who would qualify as a victim under the CVRA or for indemnification under the MVRA other than Bitfinex".

Bitfinex has already compensated users through alternative means.

The company is actively cooperating with law enforcement to recover stolen assets. Bitfinex may now recover about $5.8bn.

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Cryptocurrencies will not become a mass means of payment

SEC head Gary Gensler said that he does not think cryptocurrencies will be widely used as means of payment.

He also added that the most likely outcome is the use of digital assets as a means of saving.

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Nearly half of hedge funds (47%) focused on traditional asset classes - invest in crypto

Says a new study. Thanks to its volatility, crypto offers additional lucrative trading opportunities for funds willing to take risks.

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The SEC has sued Cumberland

This is one of the largest market makers in crypto.

The gist of the accusation: Cumberland operates as an unregistered securities dealer.

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China's central bank announced additional measures to stimulate the economy

Thus, $71bn of liquidity will be injected into the financial markets.

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BTC managed to test $59,000

It has recovered over $60,000 after yesterday's drawdown.

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TD Bank fined $3 billion for laundering drug cartel money

From January 2018 to April 2024, more than 90% of the bank's transactions went unmonitored, allowing a huge amount of money to be laundered.

For over 6 years, black money was laundered through a regulated company.

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Small crypto investors have sold 24,100 BTC ($1.5bn) to themselves in a day

Meanwhile, whales with balances >1000 BTC have accumulated 1,500,000 BTC ($91bn) in the past 6 months.

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Attackers are using AI to circumvent strict KYC measures on cryptocurrency exchanges

This was noted in a report by security experts at Cato Networks.

A tool called ProKYC demonstrates a "new level of sophistication" in cryptocurrency fraud.

It allows you to create new documents and generate videos to pass verification.

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