Texas brothers sentenced to 15 years in prison for armed crypto robbery, kidnapping <!–> [–> 12 hours ago Michael Millard <!–> –> Source: Cointelegraph
Texas brothers sentenced to 15 years in prison for armed crypto robbery, kidnapping <!–> [–> 12 hours ago Michael Millard <!–> –> Source: Cointelegraph
Following a major security breach, malicious actors behind the recent Binance hack engaged in a frantic digital race to siphon and move billions of dollars across various blockchain networks before security teams could freeze the compromised assets. The high-stakes cyber incident exposed significant vulnerabilities within the cryptocurrency ecosystem as exchanges and blockchain sleuths scrambled in real-time to track the illicit funds. While investigators worked tirelessly to blacklist stolen wallets and halt unauthorized transactions, the sheer speed of the decentralized transfers highlighted the immense challenges authorities face in recovering digital assets. This brazen exploit has once again triggered urgent industry-wide discussions regarding heightened security protocols and the urgent need for more effective cross-platform asset-freezing mechanisms.
In brief CFTC Chairman Michael Selig told CNBC the $6.4 billion Binance hack “proves our exact point” for the crypto-market rules the agency proposed this month. Selig characterized the attack as a laptop-introduced vulnerability rather than a blockchain flaw—but Binance…
In brief Intel shares plunged nearly 30% to $65.76 on Friday, wiping out more than $146 billion in market value as investors reacted to a disappointing fourth-quarter forecast. Intel expects Q4 revenue of $15 billion to $16 billion, well below…
In brief Cantor Fitzgerald, TD Cowen and Compass Point told clients in Friday notes that the $6.4 billion Binance hack—the largest ever—is unlikely to derail crypto’s recovery, framing the selloff as a buying opportunity for crypto-linked stocks. Cantor’s Ramsey El-Assal…
In brief Reddit shares plunged 30.44% to $90.15 on Friday, extending their weekly decline to 44%. CEO Steve Huffman said Google search referrals fell by more than 1 million per week in October and warned daily active users could decline…
<!–> –> Written by Nate Kostarstaff writerEdited by Sam Bourgistaff editor Written by Nate Kostarstaff writer Edited by Sam Bourgistaff editor Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B Latest NewsPublishedOct 30, 2026<!–> The stablecoin issuer’s…
In brief Bitcoin dipped to about $76,400 on Friday, roughly 6% below its post-Fed level, after Binance’s record $6.4 billion hack, versus a fall from $10,740 to $9,690 in minutes in March 2018 over an attack that Binance said stole…
In brief Texas brothers Raymond and Isiah Garcia were sentenced to a combined 326 months for a September 2025 home-invasion robbery that forced a Minnesota man to hand over more than $8 million in crypto; both pleaded guilty in June.…