Bitcoin Crashed To $8,200 On This Exchange

Republicat de Platon

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Octombrie 22, 2021by Mark Murdock

22 octombrie 2021 / Unchained Daily / Laura Shin

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Bitcoin prăbușit to $8,200 on BinanceUS due to an algorithm bug.
Mt. Gox creditors are expected to recupera over $9 billion worth of BTC.
The Financial Action Task Force, a global financial regulator, finalizat its crypto guidance and will release it next week.
Polygon, a layer 2 solution for Ethereum, acordate a $2 million bounty to a white hat hacker — which could be the largest such bounty ever paid out.
The Associated Press (AP), a collective of 1,300 newspapers and broadcasters, is partnering with blockchain data provider Chainlink to furniza news and data secured through crypto technology.
The ProShares’ bitcoin futures ETF (BITO) is likely to încălcarea the limit on the number of futures contracts CME will permit it to hold.
Digital Currency Group authorized to cumpărare $1 billion worth of Grayscale’s Bitcoin Trust (GBTC).
The Sam Bankman-Fried led cryptocurrency exchange FTX a anunțat a funding round valuing the company at $25 billion.
PayPal co-founder Peter Thiel dorește he had taken a larger position in Bitcoin.
PleasrDAO, a collective of NFT owners known for making splashy digital purchases, au cumpărat “Once Upon a Time in Shaolin,” a rare physical album by Wu-Tang Clan for $4 million.
Copper, a UK crypto firm, is set to ridica up to $500 million in a round that would value the firm at $1 billion.
Walmart is now the Acasă to Bitcoin ATMs.

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The ransomware group REvil was hacked and taken offline this week in a multi-country sting, Rapoarte Reuters, citing three private sector cyber experts working with the United States and one former official. “Happy Blog,” the Russian-based criminal gang’s website used to leak victim data and extort companies is no longer available.

“0_neday,” a leader of REvil’s operations admitted to the compromise on a cybercrime forum last weekend, as spotted by Recorded Future. “The server was compromised, and they were looking for me. Good luck, everyone; I’m off,” he wrote.

According to Reuters, law enforcement officials were able to deploy REvil’s signature hacking technique against them. Essentially, law enforcement agents hacked into REvil’s computer network and took over at least some of their servers, which led to REvil shutting down its site.

However, when another gang member restored those same websites from a backup, that person unknowingly restarted servers that were already controlled by law enforcement.

“The REvil ransomware gang restored the infrastructure from the backups under the assumption that they had not been compromised. Ironically, the gang’s own favorite tactic of compromising the backups was turned against them,” said Oleg Skulkin, deputy head of the forensics lab at the Russian-led security company Group-IB.

REvil is Russian-led criminal gang who pulled off a May cyber attack on Colonial Pipeline, forcing forced the company to shut down about 5,500 miles of pipeline, leading to substantial gas shortages on the East Coast. As part of the hack, attackers asked for and received a ransom payment worth $5 million in Bitcoin. Interestingly, the US government was able to recupera$2.3 million in BTC of the initial ransom payment.

(For more information on REvil, be sure to check the Unchained episode covering ransomware.)

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