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Fenbushi co-founder offers bounty to recover $42M lost in 2022 hack

Fenbushi co-founder Bo Shen has announced a bounty of $42 million for information leading to the recovery of funds lost in a 2022 hack that targeted the firm. The hack resulted in the theft of significant amounts of cryptocurrency, prompting Shen to take action to incentivize individuals with knowledge about the incident. The bounty reflects the ongoing challenges in securing digital assets and the importance of community involvement in addressing such issues. Shen hopes that this initiative will help recover the lost funds and bring the perpetrators to justice.

Read the full article: Coin Telegraph

UK Sanctions Crypto Marketplace Xinbi in Crackdown on Southeast Asian Scam Centers

The UK government has sanctioned the crypto marketplace Xinbi as part of a broader crackdown on scam centers operating in Southeast Asia. This action targets entities involved in fraudulent activities, particularly those exploiting cryptocurrencies for scams. Xinbi is accused of facilitating financial crimes and aiding scammers in laundering their proceeds.

Bitcoin holds ground as gold, silver slide on ETF outflows and liquidity strains: JPMorgan

Bitcoin has maintained its value despite recent declines in gold and silver, which are experiencing outflows from exchange-traded funds (ETFs) and liquidity issues, according to JPMorgan. The bank noted that Bitcoin's resilience can be attributed to its growing acceptance as a digital asset and a potential hedge against

What Is Bluesky? The Decentralized Social Media Rival to Elon Musk's X

Bluesky is a decentralized social media platform that aims to provide an alternative to Elon Musk's X (formerly Twitter). It was developed by a team led by Jack Dorsey, co-founder of Twitter, and focuses on user control and content moderation through decentralized protocols. The platform allows users to

Bitcoin slips below $69,000 as oil rebounds on fading Middle East peace hopes

Bitcoin has dropped below $69,000 amid a rebound in oil prices, which is attributed to diminishing hopes for peace in the Middle East. The cryptocurrency's decline comes as market sentiment shifts, influenced by geopolitical tensions and economic factors. Investors are closely monitoring these developments, as they could

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UK Sanctions Crypto Marketplace Xinbi in Crackdown on Southeast Asian Scam Centers

Bitcoin holds ground as gold, silver slide on ETF outflows and liquidity strains: JPMorgan

What Is Bluesky? The Decentralized Social Media Rival to Elon Musk's X

Bitcoin slips below $69,000 as oil rebounds on fading Middle East peace hopes