Crypto Hacks on the Rise: Stolen Value Soars

February: A Month of Massive Theft Blockchain investigator PeckShield reports a staggering 97.6% increase in the value of cryptocurrencies stolen in February compared to January. Over 21 attacks resulted in the theft of approximately $360.83 million. Top Three Attacks of the Month PlayDapp: The web3 gaming platform lost $290 million in PLA tokens after two…

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Sam Bankman-Fried’s Autism Disorder as a Mitigating Factor in Sentencing

Sam Bankman-Fried, the former CEO of the collapsed FTX crypto exchange, is seeking a lighter sentence for his fraud convictions, citing his autism spectrum disorder. Defense’s Arguments Bankman-Fried’s lawyers argue that his autism makes him vulnerable in prison due to: Increased risk of violence and extortion Difficulty understanding social cues and rules Anhedonic depression Letters…

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Bitcoin Correction: Galaxy CEO Predicts Dip to $55,000

Market Correction Incoming Despite Bitcoin’s recent surge to over $64,000, Galaxy Digital CEO Michael Novogratz warns of a possible correction. He believes Bitcoin could drop to the mid-$50,000 range in the short term. Reasons for the Dip Novogratz cites concerns about high leverage in the market, especially among younger investors. He notes that aggressive trading…

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Bitcoin May Hit New Highs Sooner Than Expected

Alex Thorn, an executive at Galaxy Digital, predicts that Bitcoin (BTC) could reach a new record high before the scheduled halving event in April. Breaking the Cycle Historically, Bitcoin has hit new highs after halving events, but Thorn believes the launch of spot Bitcoin exchange-traded funds (ETFs) is changing the cycle. ETFs as a Game-Changer…

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