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Hello, my friend! Imagine the situation: the hacker group Lazarus Group, known for its cyber attacks, has successfully laundered a whopping $1.5 billion stolen from the Bybit cryptocurrency exchange. They used the decentralized THORChain exchange for this, which caused a heated debate in the crypto community.
The Lazarus group completed this process by converting Ethereum (ETH) to Bitcoin (BTC) via THORChain. This attracted the attention of the blockchain analytics company Arkham Intelligence, which confirmed that 500,000 ETH had been transferred, and the platform itself had processed transactions worth more than $5.5 billion. As a result, the entire stolen amount was successfully withdrawn into liquid cryptocurrency.
Now the most interesting thing is that THORChain played a key role in this process. This platform, being decentralized, has no central management, which means that no one can just block suspicious transactions. On the one hand, this is consistent with the principles of DeFi (decentralized finance), but on the other, it raises questions about how such platforms are responsible for facilitating illegal activities.
Critics accuse THORChain of inaction and point out that the platform earned about $ 3 million on commissions. Some even believe that validators (people who confirm transactions) could turn a blind eye to what is happening for their own benefit. In response, THORChain advocates claim that the open source platform has no obligation to regulate transactions, and interference would be contrary to the very spirit of decentralization.
This case once again raises important questions about how decentralized exchanges can combine innovation and responsibility. While some believe that such platforms should implement security mechanisms, others are confident that censorship in DeFi is the first step towards centralized control, which contradicts the very idea of cryptocurrencies.
After the hack, THORChain's own token, RUNE, temporarily increased in value due to the huge volume of transactions, but soon lost its profits. The controversy surrounding THORChain's involvement in Bybit's money laundering could tarnish its reputation for years to come. Critics claim that the validators may have acted in their own interests, but perhaps it was a short-sighted move.
Ultimately, the story of Lazarus Group's successful money laundering operation highlights the current problems on DeFi platforms, where the lack of central management leads to vulnerabilities that can be exploited to commit large-scale financial crimes. THORChain's involvement in this case is likely to continue to raise questions about how decentralized platforms handle such risks and their responsibilities to prevent illegal activity.
As more funds are laundered through decentralized systems, the debate about their role in the crypto ecosystem is likely to intensify. THORChain's involvement in this incident highlights an important issue in the field of DeFi: how decentralized platforms combine innovation and responsibility. The Lazarus Group's ability to successfully use these platforms raises questions about broader vulnerabilities in the crypto space. Validators acting in self-interest can gain short-term benefits, but the long-term consequences can damage the reputation of the industry.
Do you think decentralized exchanges should take responsibility for preventing such cases, or is their neutrality more important?
#bybit #THORChain #LazarusGroup

Singapore’s Minister of Home Affairs, Sun Xueling, has urged citizens to steer clear of cryptocurrencies, citing the growing prevalence of sophisticated scams. While the city-state has long been known for its crypto-friendly stance, an uptick in fraudulent activities has led some policymakers to reassess their views.
During a recent budget hearing, Sun framed her argument as a protective measure for the public. However, other government officials took a far more aggressive approach. In a speech on Monday, MP Tan Wu Meng proposed the use of caning as a punishment for crypto fraudsters. Despite these remarks, it remains too early to conclude that Singapore is shifting its overall crypto policy.
Is Singapore Tightening Its Crypto Stance?
Over the years, Singapore has built a reputation as one of the most welcoming jurisdictions for digital assets. In 2023, the country led Asia in crypto business licenses and was even crowned “the world’s most crypto-friendly nation” in January 2024.
However, recent statements from the Ministry of Home Affairs suggest a hardening stance.
“Our advice to the public is to stay away from cryptocurrencies. The risk of financial loss is significant, and if you fall victim to a scam, recovering your funds is extremely unlikely,” Sun Xueling stated during the budget committee hearing.
According to her, crypto-related fraud accounted for a staggering 25% of total scam-related losses in Singapore last year. She warned that these schemes are becoming increasingly sophisticated, targeting both newcomers and experienced investors alike.
While Sun took a cautious stance, other officials advocated for harsher measures. MP Tan Wu Meng argued that Singapore is too lenient on crypto criminals and proposed corporal punishment for severe offenses.
These statements raise a crucial question: How does a nation at the forefront of blockchain innovation justify such a drastic stance?
Surge in Crypto Scams Fuels Concern
Despite its pro-crypto policies, Singapore has maintained regulatory safeguards. For instance, while Worldcoin launched operations in the country in late 2023, authorities launched an investigation into the project less than a year later over potential financial misconduct.
Additionally, earlier in 2025, Singapore banned Polymarket, classifying it as an illegal gambling platform.
Sun underscored the growing sophistication of fraudsters, emphasizing that traditional red flags are no longer reliable.
“The days when you could identify a scam based on poor English or a strong foreign accent are long gone,” she noted.
A striking statistic further underscores the issue—80% of crypto scam losses in Singapore resulted from victims willingly transferring their funds to fraudsters. This highlights the need for more robust public awareness and regulatory measures.
While no formal policy changes have been enacted yet, these statements provide insight into the government’s evolving stance on crypto-related crimes. Local reports suggest that stricter punitive measures are under consideration, and MP Tan Wu Meng is not alone in advocating for them.
For now, Sun has urged citizens to make use of government-backed anti-fraud resources to protect themselves. However, the prospect of stricter regulations remains on the horizon, signaling a potential shift in Singapore’s approach to the crypto industry.
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🇺🇸 $3.4 trillion to nowhere – the US market in panic
The situation in the American financial market has recently raised widespread concern. In a short period, the market lost a staggering $3.4 trillion, which has been a real shock not only for investors but for the entire economy of the country. The 5.9% drop from peak values is reflected in the reduced capitalization of giants like Nvidia and Tesla, raising numerous questions about the future of the American economy.

He's earned roughly $28 billion by predicting every market move since 1980. Here are his six secrets to success👇
Strategy 1 - Find Anomalies & Profit:
- Jim Simons focused on gathering long-term market data.
- He aimed to identify profitable anomalies.
- When he found a recurring anomaly, he would invest in that asset to capitalize on it.
Strategy 2 - Short-Term Trend Following:
- Jim Simons and his team identified emerging trends in specific chart segments.
- By trading these short-term trends, they could profit regardless of the overall market direction.
Strategy 3 - Reversion-Predicting Signals:
- Jim Simons used the "Deja Vu" strategy for high returns.
- He traded assets as they returned to their average value, buying below or above the average and profiting from the reversion.
Strategy 4 - Hire High IQ Analysts:
- Jim Simons prioritized hiring PhDs for data analysis.
- These analysts calculated outcomes for various market scenarios.
- By offering company shares, he motivated his team to decode market algorithms.
Strategy 5 - Leverage:
- Jim Simons capitalized on unnoticed market anomalies by using borrowed funds.
- He leveraged up to $17 for every $1 invested.
- This approach allowed him to amplify profits
without using much of his own money.
Strategy 6 - Eliminate Emotion:
- Jim Simons focused strictly on data to remove emotional biases.
- Ignoring market sentiment, his firm relied solely on data analysis for profitable decisions

Jim Simons is a legendary figure who revolutionized financial market analysis.
- His strategies offer valuable lessons that can transform your trading approach and potentially change your life!

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Time magazine shocked everyone with its new cover: Elon Musk in the presidential chair! 🇺🇸 But the main bomb is the article titled “Inside Elon Musk’s War with Washington,” which talks about the DOGE structure created especially for him.
❓ What is DOGE in this context?

DOGE is not about crypto (although the meme coin will definitely take off 🚀), but a special government structure created to reform and optimize the American government. Its peculiarity is its temporary nature: in 18 months it should disappear.

You know, after all this time in cryptocurrency, I realized one thing!
Everything is simply banal! You don't need knowledge in crypto.... you don't need to study all these charts and rumors, just don't succumb to panic and keep a cool head! Don't catch the FOMO feeling when everything is flying up!
99% will be destroyed by greed and the feeling of missed opportunity! These are not just words, this is my experience! All losses were not so much about buying the wrong coin, but rather succumbing to these feelings and making mistakes.

Matt Hogan, CIO of Bitwise, stated that President Trump's executive order on cryptocurrencies may potentially disrupt the long-standing four-year cryptocurrency cycle.

He predicted that this year Bitcoin will double and exceed $200,000, emphasizing that the real driving forces are market psychology and speculation.