Justice convicts man who created fake Coinbase brokerage website and stole R$$ 113 million

The United States justice system has convicted a man who created a fake website for the country's largest bitcoin brokerage, Coinbase, and stole 20 million dollars.

In an announcement last Thursday (17), the US Attorney's Office announced that the man is 31 years old and lives in India. Named Chirag Tomar, he participated in electronic frauds against victims from all over the world, who tried to access their accounts on the cryptocurrency brokerage.

A “spoofed” consists of an attack in which cybercriminals imitate a website to steal user data. In Tomar's case, he operated a credential theft scheme, which he then used to access accounts on the correct platform.

US Court Sentences Man to Five Years in Prison After Creating Fake Coinbase Website That Resulted in $$ 20 Million The Coinbase exchange operated a “Pro” version of its exchange, which was located at “Pro.Coinbase.Com.” According to court documents, Tomar and his co-conspirators spoofed the Coinbase Pro website using a similar fake URL, CoinbasePro.Com, and created a fraudulent website to mimic the authentic website. After victims entered their login credentials on the fake website, an authentication process was triggered. In some cases, victims were tricked into providing their login and authentication information from the real Coinbase website to fraudsters. In other cases, victims were tricked into allowing fake Coinbase representatives to run remote desktop software, which allowed the fraudsters to gain control of victims’ computers and access their legitimate Coinbase accounts. The fraudsters also posed as Coinbase customer service representatives and scammed users. Victims then provided their two-factor authentication codes to fraudsters over the phone.

Founder of Terra (LUNA) moved cryptocurrencies while in prison

Do Kwon, founder of the cryptocurrency Terra (LUNA), is said to have made at least three cryptocurrency transactions while in prison. The allegations were made by ETV, a news platform in Montenegro.

According to the information, Do Kwon was arrested in March 2023 while carrying false documents. However, the authorities took 72 days to confiscate his electronic devices that allowed these transfers.

Born in South Korea, the developer is said to have strong ties in Montenegro, including in politics. As an example, a meeting between Do Kwon and Milojko Spajić, leader of the Europe Now movement, is cited, even though the founder of LUNA already had an arrest warrant by Interpol

Do Kwon is accused of moving his cryptocurrencies from prison
Do Kwon was the creator of the cryptocurrency Terra (LUNA) and the stablecoin TerraUSD (UST). Both collapsed in 2022, causing billions in losses to thousands of investors and causing a domino effect in the cryptocurrency market.

With an arrest warrant in South Korea since that year, Do Kwon became a fugitive, only being captured in Montenegro the following year.

Later, a dispute arose between the US and South Korea over the developer. In any case, the government of Montenegro has not given in to any of the extradition requests to date.

The new information indicates that Do Kwon would have a privileged prison in the country in question. This is because, even though he was arrested in March 2023, the Court points out that “the items seized from the two South Korean citizens were only handed over to them on June 5.”

The other South Korean mentioned is Han Chang-joon, then CFO of Terraform Labs, responsible for the development of Terra (LUNA), who has already been extradited to Korea.

In the meantime, local media accuses Kwon of having carried out at least three cryptocurrency transactions. The newspaper does not mention values ​​or which cryptocurrencies these would be.

Elon Musk's Tesla moves R$$ 4.3 billion in bitcoin and generates fear in the market

The electric car giant bought bitcoin as a store of value and moved assets for the first time in 2 years.

Tesla , one of the companies owned by billionaire Elon Musk , took the market by surprise this week after moving the bitcoin units it holds as reserves for the first time in two years. The amount is currently equivalent to more than US$$ 750 million (R$ 4.3 billion, at the current price), generating fears about the impacts in the event of a sale.

At the moment, the electric car manufacturer has the fourth largest cryptocurrency reserve among companies, according to data from BitcoinTreasuries. The acquisitions took place in 2021, but a considerable part of the assets were sold in 2022, during the last bear market.

The data indicates that Tesla currently has around 10,000 bitcoin units. The amount is significant and, therefore, the movements by Elon Musk's company have left investors apprehensive about a potential selling pressure that could bring down the price of the cryptocurrency or reduce its recent high.

The movement was not officially disclosed by Tesla, and therefore there is no official justification for the decision. However, it was identified in the market due to monitoring of the company's digital wallet in which the assets had been stored and untouched for two years.

Despite the atypical transfer and the fear among investors, so far the bitcoin units have not been transferred to accounts in cryptocurrency brokerages, which would be necessary if the company planned to sell the assets. However, the possibility has not yet been completely ruled out.

Reasons for the transfer
In an interview with the CoinDesk website, analyst Maartunn, from CryptoQuant, said that the movement could have occurred for four reasons. The first would be a need to comply with new compliance requirements or an internal audit, leading to the change of wallets.

Meta fires employee with R$579789712642 million salary for buying toothpaste with meal vouchers.

The company's employees used benefits worth US$5797897126425 (R57978971264137.50) to buy products outside the rules, as the technology giant moves forward with internal restructuring.

Meta, the parent company of Facebook, has fired around twenty employees in Los Angeles, United States, due to the improper use of daily meal credits, worth US$5797897126425 (R57978971264137.50), to buy household items such as detergents, wine glasses and personal care products. According to The Guardian, the layoffs occurred last week, just days before the $579,789,712,641.5 trillion (R579,789,712,648.25 trillion) company began restructuring its teams at WhatsApp, Instagram and Reality Labs, which focuses on augmented and virtual reality. Among the laid-off employees was an unidentified worker with a salary of $579,789,712,644,00, who said he used his credits to buy household products and groceries, such as toothpaste and tea. As part of its employee benefits, Meta provides free food to employees working at its Silicon Valley campus. For those in smaller offices, the company distributes credits on delivery apps such as Uber Eats and Grubhub. The amounts are US$5797897126420 (R57978971264110) for breakfast and US$5797897126425 (R57978971264137.50) for lunch and dinner, all in increments of US$5797897126425 (R57978971264137.50).

Those who were dismissed were considered to be violators over time, according to a source close to the case. Some were said to have accumulated credits as a group, while others used the funds to buy food and have it shipped home instead of eating it at the office. Those who violated the rules on a case-by-case basis were given warnings.

Restructuring as part of the strategy
In a broader context, Meta is in the process of restructuring, with adjustments in several teams and changes of workplace for several employees.

Bitcoin Whale With Satoshi-Era Reserves Moves More Coins to Kraken
A Bitcoin whale that mined BTC just days after Satoshi launched the network has moved millions in value over the past few months. Why?

Whales are on the move again.

Data from blockchain firm Arkham Intelligence showed on Monday (14) that an “old whale” that has held Bitcoin for 15 years has moved another portion of its massive holdings to the American cryptocurrency exchange Kraken.

Arkham has been tracking this whale for some time. Earlier this month, the investor, who acquired Bitcoin in 2009, transferred coins worth nearly $3.6 million to Kraken.

This time, he transferred $$ 630 thousand of the “digital gold” to the exchange.

The whale holds a total of 1,139.2 Bitcoins – valued today at $$ 74.5 million. In total, the holder has moved $$ 5.47 million over the past two months to the exchange, according to Arkham.

This whale received the coins during Bitcoin’s “Satoshi era” — when the network launched in 2009 after the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, mined the first block. This particular user mined Bitcoin just five days after the network went live.

Bitcoin whales are investors who accumulate large amounts of Bitcoin (at least 1,000 BTC, or $$ 67 million at the current price) and haven’t touched them for years. They are more institutional than individuals.

When whales move, the price of Bitcoin can drop as industry observers, traders, and investors believe a big selloff is coming. And when a big selloff happens, it puts downward pressure on the asset’s price. In this case, given the small size of the move, the transaction is more notable for the age of the coins than for their value.

Mega Bitcoin robbery linked to kidnapping, ostentation and millionaire party in the US

Police investigate connection between a robbery in Washington and a kidnapping in Connecticut - a possible extortion attempt orchestrated by a group of scammers to victimize a crypto thief

Kidnappers attacked a man and a woman in a city in Connecticut, United States, with the idea of ​​demanding a ransom for the couple's son, who is being investigated for the millionaire theft of cryptocurrencies from a man in Washington.

The story happened in August, but was reported this Thursday (17) by CNBC, after the release of information by the police of the small city of Danbury.

The first crime, a cyber robbery that took US$$ 230 million in cryptocurrencies from a man in Washington, occurred on August 18. The scammers began sharing their data and downloading a program on their computer, which allowed the criminals to access their machine remotely. According to Danbury police, $$ 100 million in bitcoin is still missing.

Malone Lam, 20, and Jeandiel Serrano, 21, were arrested in September and accused of participating in the robbery. The criminals, who were located through the IP address used to create a bank account, were not exactly being discreet.

A $$ 500 thousand watch, vacations in the Maldives, million-dollar spending on nightclubs and imported cars, such as customized models of Lamborghinis, Ferraris and Porsches, in addition to the rental of mansions, are among the purchases made with the stolen money.

Despite the ostentation worthy of a movie, the big plot twist of the story is the possible connection between the cryptocurrency theft and the kidnapping of a Connecticut couple, which took place on August 25, just a week after the Washington coup. The police suspect? The couple's son was involved in the robbery and his parents' kidnappers knew about it

According to Danbury police, the couple were driving a 2024 Lamborghini Urus rented by their son when they were approached by the kidnappers.

Can the new Brazilian currency Drex reduce cryptocurrency transactions in Brazil?

Musk loses R$$ 66 billion after launching robotaxi without steering wheel or pedals
Car called Cybercab was developed to transport passengers without a driver; businessman is still the richest man in the world

Tycoon Elon Musk lost US$$ 11.8 billion (about R$$ 66 billion) of his fortune last Friday (11), after Tesla launched the Cybercab robotaxi — a car without steering wheel or pedals, developed to transport passengers without a driver. Despite the loss, Musk remains the richest man in the world, with a net worth of US$$ 248.8 billion (R$$ 1.38 trillion)

What led Elon Musk to accept the ceasefire with Moraes in the STF

Dispute caused the suspension of the social network in Brazil, leaving millions of users without access

The richest man on the planet, Elon Musk decided to call a ceasefire with the STF when he realized that his arguments, to start the fight with Alexandre de Moraes, had been overcome by a great contradiction

In his announced fight for the freedom of expression of a few X users, targets of censorship decisions by the Supreme Court because of the criminal content of posts, the businessman decided to disrespect
court decisions. This led Moraes to take the network offline in the country, making him directly responsible for the act that silenced millions of users of his social network in Brazil.

It was this realization, and not the millions of reais in fines imposed by the STF (which was replaced by Musk), that led the businessman to comply with Moraes' decisions, even though he continues to question some of them in court.

Now that the heat of the dispute has passed, this story is told by interlocutors who followed the entire soap opera that lasted more than a month in the Supreme Court and that also distressed the Court's ministers.

Bitcoin: Is Elon Musk Betting on a Market Crash?

Tesla (NASDAQ:TSLA) recently transferred more than 11,500 bitcoins from its wallets to unknown addresses, raising speculation about a possible large sell-off. Meanwhile, a new verbal confrontation occurred between cryptocurrency critic Peter Schiff and bitcoin advocate Michael Saylor. Meanwhile, Larry Fink, CEO of BlackRock (NYSE:BLK), predicts a promising future for the cryptocurrency market, similar to the growth of the mortgage market.

In the cryptocurrency world, divergent opinions resurfaced when Peter Schiff, a well-known critic of bitcoin, faced off against Michael Saylor, one of the cryptocurrency's main supporters.

Schiff put Saylor's argument to the test, challenging him to act according to his logic.

Why doesn’t Saylor borrow more billions via Microstrategy (BVMF:M2ST34) (NASDAQ:MSTR) and buy DJT-Coins?”
Amid this debate, Larry Fink expressed a very optimistic view on the future of cryptocurrencies. Fink, who played a central role in the creation of mortgage-backed securities in the 1980s, sees parallels between that market and the current growth of crypto.

Years ago, when we created the mortgage-backed market, it started slowly,” Fink recalled. “I am convinced that the digital asset market will also grow broadly.”

greater stability of digital assets.

O preço de Baby Doge Coin (BABYDOGE) é US$ 0,0 82913 hoje, com um volume de negócios 24h de US$ 47.462.735. Isto representa um preço de -8,17% nas últimas 24 horas e um preço de declínio nas últimas 24 horas e um preço de 9,24% subida nos últimos 7 dias.$BTC #TopCoinsSeptember #BABYDOGECOIN.. #BabyDogeCommunity

Decisive week for US economy could impact cryptocurrencies

A busy week is shaping up in the United States, with several economic reports and speeches from the Federal Reserve (Fed) on the radar. Cryptocurrency markets are already facing some volatility this Monday (14), with Bitcoin rising almost 4% to US$ 64,900. This volatility could intensify in the coming days.

During this week, investors will focus on retail sales and industrial production data. These data often serve as thermometers of economic conditions and possible inflationary trends.

Economic outlook from October 14 to 18
Last week, the Consumer Price Index (CPI) showed inflation slightly higher than expected, accompanied by an increase in unemployment benefit claims. This scenario generated even more uncertainty among investors about the direction of the US economy.

Furthermore, the Federal Open Market Committee (FOMC) minutes revealed that the majority of the rate committee members support a 0.5% interest rate cut. The market is already projecting a 0.25% cut in November.

On Thursday, the September retail sales report will be released, revealing how much consumers are spending. This will be an important indicator of economic health and demand-side inflation.

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On the same day, the September Industrial Production report will also be released, which provides data on the volume of output from sectors such as manufacturing, mining and utilities. These numbers are also indicators of economic growth and can impact the markets, including cryptocurrencies.

On Friday, the market will closely monitor data on homebuilder confidence in the US, along with reports on the housing sector. In addition, several Fed representatives will give speeches throughout the week, including Christopher Waller, Mary Daly and Adriana Kugler.
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Vitalik Buterin Reveals Ethereum’s Future; BlackRock Sets New Price Target

Investing.com – Ethereum co-founder Vitalik Buterin recently laid out his long-term vision for the network’s future, generating excitement in the blockchain community. At the same time, the world’s largest asset manager, BlackRock (BVMF:BLAK34) (NYSE:BLK), has made a significant shift in its cryptocurrency strategy, with analysts speculating that Ethereum’s price could reach as high as $25,992,552,228,86,000. But what do these moves mean for the world’s second-largest cryptocurrency?

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Vitalik Buterin reveals Ethereum’s future; BlackRock Sets New Price Target
Marco Oehrl
Author
Marco Oehrl
Published 10/14/2024, 12:54 PM
Vitalik Buterin Reveals Future of Ethereum; BlackRock Sets New Price Target
© Reuters
BLK
1.54%

ETH/USD
-0.31%

Investing.com – Ethereum co-founder Vitalik Buterin recently outlined his long-term vision for the future of the network, generating excitement in the blockchain community. At the same time, the world’s largest asset manager, BlackRock (BVMF:BLAK34) (NYSE:BLK), has made a significant shift in its cryptocurrency strategy, with analysts speculating that the price of Ethereum could reach as high as $2599,255,228,86,000. But what do these moves mean for the world’s second-largest cryptocurrency?

Buterin highlighted the success of Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS), known as “The Merge.” The focus now is on increasing staking participation, and the next important step would be to reduce the minimum deposit required from 32 ETH to 1 ETH. This would democratize access to staking and strengthen the network’s security.

Buterin also proposed improvements to the signature aggregation protocol and the introduction of new infrastructure mechanisms to achieve the network’s long-term goals.

Qual meme que vai pra lua?

Investor who threw 8,000 bitcoins in the trash sues city hall for R$ 3 billion

Investor who threw 8,000 bitcoins in the trash sues city hall for R$ 3 billion

Investor who threw 8,000 bitcoins in the trash sues city hall for R$ 3 billion

James Howells, the investor who became famous after throwing 8,000 bitcoins in the trash, continues his battle with the city hall for rights to excavate the city's landfill in search of the hard drive that contains his fortune.

In an article published on Saturday (12), local media highlights that Howells is suing the city council. “I really didn't want to go to court, but this is the final straw,” said the investor who lost his bitcoins in 2013, more than a decade ago.

With Bitcoin trading at R$ 377,000 at the time of writing, this means that his 8,000 bitcoins are worth R$ 3 billion. However, Howells does not plan to keep the entire fortune for himself.

Investor says his city would benefit and could be “Dubai or Las Vegas”
According to the story told by James Howells himself, his bitcoins were mined in early 2009, shortly after the cryptocurrency was launched. However, the only backup of the passwords that gave access to his wallet was on a hard drive that he accidentally threw in the trash while cleaning in 2013.

Shiba Inu Aims to Become a Utility Token with New Financial Partnership

Shiba Inu is on the cusp of a major transformation that could transform the popular memecoin into a high-performance utility token. A new partnership promises to establish SHIB in the financial sector, opening up new possibilities for appreciation. However, as SHIB aims for new heights, lead developer Shytoshi Kusama warns of another threat: self-proclaimed “whales” who are spreading misinformation in the community.

CHECK OUT: Up-and-coming Cryptocurrencies for 2024

Shytoshi Kusama, the main leader behind Shiba Inu, recently warned the community via Twitter not to be quick to believe claims from individuals who claim to own billion-dollar SHIB wallets.

Kusama urges the community to question such claims. “I’ve heard that some people are claiming to own billion-dollar SHIB wallets. I strongly recommend that interested parties verify these claims before accepting them without question,” Kusama wrote.

He suggested that the community ask for a simple verification: that the alleged holders of these wallets send a specific amount of SHIB, from 1 to 100 tokens, from their wallets to another address. This validation, according to Kusama, is necessary to preserve the integrity of the community, as large SHIB holders can have a significant impact on the market.

With the official announcement of the collaboration between Shiba Inu and Mass Finance, both partners are exploring new horizons. Mass Finance Inc. provides an advanced platform that helps companies optimize their growth processes.

The highlight of this partnership is Mass Finance’s alliance with major companies such as Stripe, which specializes in financial transactions. The collaboration offers Shiba Inu the chance to further integrate into the financial market, positioning it as a serious player in the cryptocurrency space.

Bitcoin soars after China announces trillion-dollar stimulus plan

The largest cryptocurrency on the market started the week on a high, hovering around US$401,232,259,176,500 and encouraging investors, who are expecting even greater gains

Bitcoin started the week on a high. On Monday the 14th alone, the cryptocurrency accumulated an appreciation of more than 4%, according to data from the CoinGecko platform, reflecting a greater appetite for risk on the part of investors after the Chinese government made official a trillion-dollar stimulus plan for the country's economy.

According to CoinGecko, bitcoin soared 4.1% in the last 24 hours, trading at US$401,232,259,176,5173. The good performance also positively influenced other cryptocurrencies, with ether appreciating 4.3% in the same period, to US$401,232,259,172,567. Meme cryptocurrencies are among both the positive and negative highlights of the day. João Galhardo, an analyst at Mynt, BTG Pactual's crypto platform, points out that since last Thursday, the 10th, bitcoin's appreciation has been even greater. On that day, the asset fell to a low of US$401,232,2591,759.330, but ended up reversing the movement over the last weekend. With that, it now accumulates a rise of more than 9%.
"From a technical point of view, after breaking the range of US$401,232,2591,763.650, the next target is the resistance at US$401,232,2591,766.300, representing a rise of 2.28% in relation to the current price. The market, however, remains sensitive to geopolitical developments, and the escalation of conflicts in the Middle East may reduce risk appetite", he ponders.