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Upbit Promises Swift Reimbursement, Theories Over Missing Funds Swell

On Nov. 27, major South Korean cryptocurrency exchange Upbit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting an inside job, although experts are skeptical of the theory after analyzing the

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OneCoin Fugitive Cryptoqueen Allegedly Paid $50 M to Lawyer to Launder Funds

United States prosecutors told a Manhattan jury that lawyer Mark S. Scott was paid $50 million to help OneCoin co-founder and current fugitive Ruja Ignatova launder $400 million.On Nov. 20, Law360 reported that the Manhattan U.S. attorney's office and the New York County district attorney's office are in the

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Galaxy Digital CEO Michael Novogratz to Offer “Cheap” Bitcoin Funds

Michael Novogratz will be launching two different bitcoin funds. Novogratz wants to bring “the wealth of America” into the crypto market. The new funds would offer cheaper services than what competitors are offering. Galaxy Digital Holding CEO Michael Novogratz is launching two bitcoin funds that target accredited and institutional investors who have been

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Galaxy Digital Partners With Bakkt and Fidelity in Creating “Elderly” Bitcoin Funds

Galaxy Digital Holding Ltd. started two new Bitcoin funds special because, well, they’re meant to be for a specific demographic profile of investors.Mike Novogratz (54) decided to use the fact that there is plenty of wealthy Americans aged 50-80 and, until now, they were pretty much into more traditional types

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Hackers Take Over BitMEX Twitter, but Customer Funds Reportedly Safe

Hackers took over the Twitter account of cryptocurrency exchange BitMEX after the previously reported leak of customer email details on Nov. 1. The exchange claims that, although its Twitter account was hacked, all user funds are safe.“Hackers” tease individual IDs and take over BitMEX TwitterSince the update was published,

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