Hotndcold
@hotndcold
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Hacker Returns $19 Million Stolen from U.S. Government
Roughly $700,000 of assets are still missing.
A mysterious exploit drained over $20 million from a wallet controlled by the U.S. government on Thursday evening, only to return the majority of the funds early Friday morning.
Still, authorities are missing $700,000 of funds sent to instant exchanges such as HitBTC, Switchain, and N Exchange. Though some users thought the potential attacker had sent the funds to Binance, these are, in fact, nested exchanges which use Binance for liquidity.
On-chain surveillance firm Arkham Intelligence flagged the movement of funds, which blockchain sleuth ZackXBT claimed “looked nefarious.” 0 reply
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When is altseason already?
Essentially, altcoins are a beta bet on Bitcoin with greater upside potential and higher risks. However, this cycle, Bitcoin, and more recently Ethereum, have received a new source of investment in the form of exchange-traded funds (ETFs) in the US. Therefore, although both assets experienced a correction after April 2024, they avoided the nightmare that unfolded in the altcoin market.
I think the alt season will return only after Bitcoin and Ethereum gain a foothold above $70,000 and $4,000 respectively. Solana will also rise above $250, but its impact on the market will be less noticeable due to its relatively low capitalization. 0 reply
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