Crypto ATM operator Bitcoin Depot said it lost 50.9 Bitcoin, worth about $3.7 million, after a hacker gained access to some of its internal systems. The breach happened on March 23 after the attacker took control of credentials linked to Bitcoin Depot’s corporate Bitcoin (BTC) wallets, according to a Monday filing with the US Securities and Exchange Commission. The company said that customer accounts, platforms and personal data were not affected. Bitcoin Depot added that the attack has not had a major impact on daily operations, and said it has…
Day: April 9, 2026
Crypto Exchanges Vie for TradFi Commodities Market, Pricing Gaps Remain
Update April 9, 2026, 1:00 p.m. UTC: This article has been updated to include a comment from Mamadou Kwidjim Toure, CEO and founder of tokenization platform Ubuntu Tribe. Cryptocurrency exchanges are taking market share from traditional finance (TradFi) trading venues through tokenized commodities products, but finding that mainstream adoption of tokenized precious metals is limited by pricing and liquidity issues. Silver perpetuals have peaked at about 40% of the equivalent volume of the Comex Silver (SI) Contract, the world’s largest silver futures market that accounts for over 70% of global…
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Crypto ATM Giant Discloses $3.7 Million Bitcoin Theft Following Cyberattack – Crypto News Bitcoin News
Key Takeaways: Bitcoin Depot lost 50.903 BTC, worth $3.665 million, after a March 23 cyberattack on corporate systems. Management deemed the event material on April 6 due to potential regulatory and reputational costs. Bitcoin Depot is now working with external experts to harden IT security and seek insurance recovery. Details of the Security Breach Bitcoin Depot, one of the world’s largest bitcoin ATM operators, revealed Wednesday, April 8, that it was the victim of a targeted cyberattack in late March that resulted in the unauthorized transfer of more than 50…
Can’t Move Your Crypto?— Traders Trapped In South Korean Exchanges
The South Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), together with the Digital Asset Exchange Association (DAXA) are rolling out unified rules for withdrawal across all registered crypto exchanges. A Unified Crypto Withdrawal System From now on, all local crypto exchanges are being forced to have one tough, standardized withdrawal‑delay regime by South Korean financial regulators. According to the Korean outlet News1, the intention behind the new withdrawal delay system for crypto exchanges is to prevent damage from voice phishing scams that depend on speed. The…
Ethereum Foundation Converts 5,000 ETH to Fund Operations – Crypto News Bitcoin News
Key Takeaways: Ethereum Foundation sold 5,000 ETH, worth approximately $11 million via Cowswap TWAP, reducing market impact on prices. EF has staked 47,050 ETH toward 70,000 goal, shifting funding from sales to yield strategies. Vitalik Buterin and EF continue to diversify in 2026, signaling more stablecoin use for future funding. EF Turns to Stablecoins for Funding Strategy The Ethereum Foundation (EF) has initiated a fresh round of ether sales, converting 5,000 ETH, valued at roughly $11 million, into stablecoins to support its operations and grant programs. The transactions are being…
What Will Trigger a BTC Price Breakout?
Bitcoin’s (BTC) relief rally to $72,000 appears to be cooling off, but analysts said that the BTC price may “continue rising” in the short term. Key takeaways: Bitcoin must flip the short-term holder realized price at $80,000 into support to confirm the trend change. Spot volume and trading activity must recover to ensure a sustained breakout in BTC price. Bitcoin must reclaim $80,000 as support Bitcoin’s 8% climb over the last three days to $72,000 saw it reclaim key levels, including the 200-day exponential moving average (EMA) at $68,000, and…
Bhutan Moves More Bitcoin as Sovereign Stash Drops Below 4,000 BTC
Bhutan moved more Bitcoin from its sovereign-linked wallet on Thursday, further reducing its once sizeable BTC stash and extending its months-long selling. Arkham data showed a wallet attributed to the Royal Government of Bhutan and its investment arm Druk Holding & Investment, transferred about 319 Bitcoin (BTC), worth roughly $22.68 million, bringing total outflows since late October 2024 to more than 9,000 BTC. The transfer follows a series of recent wallet movements by the country flagged by Arkham. In March alone, the Bhutan-tagged wallet moved more than 1,667 BTC (roughly…
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FARTCOIN Price Pumped 27% Then Crashed in Hyperliquid Manipulation Attempt – Crypto News Bitcoin News
Key Takeaways: A trader using 4 wallets built a 145.24M FARTCOIN long on Hyperliquid, losing $3.02M on April 9, 2026. Hyperliquid’s HLP vault absorbed roughly $1.5M in realized losses as ADL mechanics were triggered by thin liquidity. Peckshield analysts suspect the same actor behind prior $XPL manipulation may strike similar low- liquidity perp markets next. FARTCOIN Perp Exploit on Hyperliquid Drains $1.5M From Liquidity Vault in Hours The position, flagged by onchain analysts like Lookonchain, and worth approximately $15 million notional at the time of entry, drove a temporary price…