Tag: Million

Bitcoin Core Developer Loses $3.6 Million Worth Of Bitcoins To Hack

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Bitcoin core dev Luke Dashjr has lost $3.6 million to a hack  The perpetrators managed to gain access to Dashjr’s PGP key.  Binance is monitoring the situation and CZ has offered to freeze the stolen funds if possible.  The hack may be associated with a security breach that occurred in November 2022.  Luke Dashjr, a Bitcoin core developer who claims to be the longest contributor to the flagship cryptocurrency, fell victim to a hack earlier this week that led to a loss of millions of dollars worth of Bitcoins.  Lost…

Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas – Mining Bitcoin News

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After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital for $65 million, and the financially troubled business plans to refinance asset-backed loans with a new $35 million loan that stems from Galaxy. Galaxy Digital Purchases Texas Data Center From Argo Blockchain, Company Hopes Transactions Will ‘Enable the Company to Continue Operations’…

Michael Saylor’s MicroStrategy Parks $56 Million In Bitcoin

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Summary: MicroStrategy bought roughly 2,395 BTC between November 1 and December 21, 2022. The firm also purchased another 810 BTC for $11.6 million on December 24. Saylor’s company spent around $42.8 million bolstering its Bitcoin holdings to about 135,000 BTC worth approximately $2.2 billion at press time. Microstrategy also sold BTC for the first time, offloading some 704 coins for $11.8 million according to the SEC filing.  Software developer MicroStrategy bought more Bitcoin with about $42.8 million in cash, per a filing with the Securities and Exchange Commission.  According to…

Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack – Mining Bitcoin News

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A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch Investigation Into Crypto Mining Pool Hack A subsidiary of the coin minting company Bit Mining has been targeted in a hacking attack, the company said in a press release. The affected entity is a leading bitcoin mining pool, Btc.com, which in…

Apple Japan to Pay $98 Million in Back Taxes for Missing Duty-Free Abuses

Notably, iPhones are cheaper in Japan than abroad. As a result, Tokyo authorities suspect vendors trying to take advantage of the country’s duty-free system, purchasing the products and then selling them overseas, turning a profit by bypassing consumption tax.  Apple Inc (NASDAQ: AAPL) unit in Japan has been charged with as much as 13 billion yen ($98 million) in additional taxes for bulk sales of Apple products to foreign tourists and their exemption from the consumption tax. As Nikkei has reported, the Tokyo Regional Taxation Bureau found bulk sales in some…

Bitcoin Mining Pool BTC.com Faces Cyberattack and $3 Million Loss of Funds

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BIT Mining has reported this incident to authorities in Shenzhen, China, who are investigating the incident and collecting more evidence. BTC.com, one of the largest crypto mining pools, suffered a major cyberattack which resulted in a significant loss of customer funds. Parent firm BIT Mining Limited made the announcement on Monday, December 26. Bitcoin Mining Pool and Recent Cyberattack As reported by BIT Mining, the attack took place earlier this month on December 3 with the attackers stealing around $700,000 in client assets and a staggering $2.3 million in company…

SBF stays at parents’ house on a $250 million bail: Law Decoded, Dec. 19-26

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Former FTX CEO Sam Bankman-Fried landed in the United States on Dec. 21. And, at least till the end of his court cases, he will live with his parents in Palo Alto, California. A bail was granted to SBF on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport. His parents secured his bail with the equity in their house. Some Twitter users found this development either amusing or suspicious.  One of the key witnesses in the ongoing FTX investigation, former Alameda…

SEC Charges Gig Economy Platform for $2.6 Million Unregistered Coin Offering – Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at the time. U.S. Securities Regulator Accuses Thor Technologies’ Management of Conducting Unregistered ICO The Securities and Exchange Commission of the United States has charged Thor Technologies, its co-founder and CEO David Chin and Matthew Moravec, co-founder and former CTO, with carrying out an unregistered offering…

French investors sued Binance for over 2.4 million euros in losses

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Binance France and its parent company Binance Holdings Limited are being sued by 15 investors in France over alleged misleading commercial practices and fraudulent concealment, according to local media reports.  In a complaint filed on Dec. 14, the plaintiffs claimed that Binance violated French laws by advertising and distributing crypto services before receiving registration from the country’s authorities. As reported by Cointelegraph, France’s financial market regulator, the Autorité des marchés financiers, has granted Binance a license as a digital asset provider in May 2022. The license allowed the crypto exchange…