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Hundreds of thousands of Chinese investors who lost money in a massive Bitcoin Ponzi scheme could face years of legal challenges to recover their funds. Key Takeaways: Chinese investors defrauded in a $6B Bitcoin Ponzi scheme may face years of legal hurdles to recover their funds. The UK seized 61,000 BTC linked to the case,…

On-chain investigator EyeOnChain has allegedly identified the mysterious Hyperliquid whale controlling over 100,000 BTC as Garrett Jin, former CEO of collapsed exchange BitForex, which conducted a suspected $56.5 million exit scam in February 2024. The investigation traced the whale’s wallet addresses back to Jin through ENS domains ereignis.eth and garrettjin.eth, connecting funds withdrawn from exchanges…

Steak ‘n Shake has scrapped plans to accept Ether (ETH) payments after a backlash from Bitcoin supporters, highlighting the ongoing tribal divide within the crypto community. Key Takeaways: Steak ‘n Shake canceled its Ether payment plan after Bitcoin supporters criticized the move. The fast-food chain’s loyalty to Bitcoin follows a 15% sales boost since adopting…

Friday’s flash crash across Bitcoin and the wider crypto markets was difficult, distressing and fatal. On Saturday morning, it was confirmed that the body of a 32-year-old Ukrainian investor had been found in the passenger seat of his Lamborghini in Kyiv. Detectives say he had suffered a gunshot wound to the head — and a…

WazirX has secured court approval for its long-awaited debt restructuring plan, marking a major milestone in its recovery from last year’s high-profile hacking incident. CEO Nischal Shetty said Monday that the Singapore High Court has approved the scheme, paving the way for the exchange to move ahead with its rehabilitation efforts. Shetty did not disclose…

A crypto whale who recently pocketed $192 million from a perfectly timed short is back with another massive bearish bet against Bitcoin. Key Takeaways: A crypto whale reopened a $163M Bitcoin short after profiting $192M from a trade before Trump’s tariff announcement. The trader’s timing has raised accusations of insider trading and possibly triggering a…

Changpeng Zhao pushed back Monday as Hyperliquid co-founder Jeff Yan accused centralized exchanges like Binance of underreporting user liquidations during last week’s crypto market crash. In a post on X, Yan said Hyperliquid’s fully on-chain liquidation data could not be compared with what he called “underreported CEX liquidations.” He argued that on-chain systems allow anyone…

MARA Holdings, a leading Bitcoin mining company, has purchased an additional 400 BTC on Monday, worth $46.31 million. Per Arkham data, the second-largest corporate Bitcoin holder bought 400 BTC through digital asset trading platform FalconX, LookOnChain reported. With the recent purchase, the company holds a total of 53,250 BTC, worth $6.12 billion. MARA Holdings, which…

Major cryptocurrencies rebounded on Monday after a weekend rout wiped out billions in leveraged positions, as US President Donald Trump sought to calm market jitters over escalating trade tensions with China. Bitcoin climbed 4.5% to $115,459, while Ether jumped 11.3% to $4,161. BNB surged nearly 1% to $1,304 and XRP gained 10% to $2.56. The…

Crypto markets staged a sharp rebound after easing U.S.-China tensions and renewed investor optimism. Major sectors posted 24-hour gains between 6% and 20%, led by Layer2 tokens up 19.4%. Mantle (MNT) jumped 38%, while Celestia (TIA) and Zora (ZORA) rose over 15% and 25%, respectively. Bitcoin climbed 4.85% to surpass $115,000, and Ethereum rallied 11.6%…