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The Incredible Story of a Guy Who Became a Bitcoin Billionaire Through a Daring Theft
Have you ever dreamed of becoming rich overnight? Being in the right place at the right time and doing something risky but profitable? For Jimmy Zhong, that dream became a reality when he stole over 50,000 bitcoins from the shadowy Silk Road site in 2012. But his story is not just a dizzying rise to wealth. It's an exciting narrative about a guy who grew up in poverty but managed to outsmart an entire system in pursuit of financial freedom.
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Abakan resident lost 5 million rubles in an attempt to make money on cryptocurrencies
A young Abakan resident trusted a certain "trade manager" from the Internet, who convinced him to invest in cryptocurrencies. First, the "investor" transferred 100,000 rubles to the scammers, and over the next week, he was convinced to invest almost 5 million rubles more. To do this, the Abakan resident took out loans. The victim transferred the funds to the accounts and phone numbers of individuals.
At first, the scammers allowed the young man to withdraw 320,000 rubles of "profit", which strengthened his trust. However, then the funds stopped coming - the "trade manager" found various reasons to delay payments, and then completely stopped communicating. The police opened a criminal case under Part 4 of Article 159 of the Criminal Code of the Russian Federation "Fraud on an especially large scale".
In October, it was reported that a resident of Novorossiysk lost 12 million rubles on a fraudulent crypto platform.
A young Abakan resident trusted a certain "trade manager" from the Internet, who convinced him to invest in cryptocurrencies. First, the "investor" transferred 100,000 rubles to the scammers, and over the next week, he was convinced to invest almost 5 million rubles more. To do this, the Abakan resident took out loans. The victim transferred the funds to the accounts and phone numbers of individuals.
At first, the scammers allowed the young man to withdraw 320,000 rubles of "profit", which strengthened his trust. However, then the funds stopped coming - the "trade manager" found various reasons to delay payments, and then completely stopped communicating. The police opened a criminal case under Part 4 of Article 159 of the Criminal Code of the Russian Federation "Fraud on an especially large scale".
In October, it was reported that a resident of Novorossiysk lost 12 million rubles on a fraudulent crypto platform.
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Argentine President Javier Miley launched the LIBRA meme token, but deleted the tweet 6 hours later and said he had decided to no longer support the project
LIBRA token reached $4.59 billion in market cap and then fell 96% from its peak.
LIBRA token reached $4.59 billion in market cap and then fell 96% from its peak.
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GameStop decided to consider investments in bitcoin. The company's shares soared❗️❗️❗️
The video game retailer GameStop is exploring the possibility of investing in bitcoin and other cryptocurrencies. Following the publication of this news, the company's shares rose by 20%.
Earlier, the company's CEO Ryan Cohen posted a photo with Michael Saylor, the founder of Strategy (formerly MicroStrategy), the largest corporate holder of bitcoins, on social media X.
However, according to sources, Saylor is not involved in the discussion of GameStop's cryptocurrency investments.
Under Cohen's leadership, GameStop has focused on reducing costs and optimizing operations to achieve profitability even without business growth.
According to reports, the company has accumulated $4.6 billion in free cash and is using it for investments.
In 2022, GameStop launched a crypto wallet for managing digital currencies and NFTs but closed it in early 2024 due to uncertainty in legislation.
In the photo, Michael Saylor and Ryan Cohen.
The video game retailer GameStop is exploring the possibility of investing in bitcoin and other cryptocurrencies. Following the publication of this news, the company's shares rose by 20%.
Earlier, the company's CEO Ryan Cohen posted a photo with Michael Saylor, the founder of Strategy (formerly MicroStrategy), the largest corporate holder of bitcoins, on social media X.
However, according to sources, Saylor is not involved in the discussion of GameStop's cryptocurrency investments.
Under Cohen's leadership, GameStop has focused on reducing costs and optimizing operations to achieve profitability even without business growth.
According to reports, the company has accumulated $4.6 billion in free cash and is using it for investments.
In 2022, GameStop launched a crypto wallet for managing digital currencies and NFTs but closed it in early 2024 due to uncertainty in legislation.
In the photo, Michael Saylor and Ryan Cohen.
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David Balland was kidnapped on January 21, 2025, from his home.
David Balland, co-founder of the cryptocurrency wallet manufacturer Ledger, was kidnapped on January 21, 2025, from his home in the Cher department of France. He was taken away by car and held for ransom in cryptocurrency.
Balland was released on January 22 as a result of a police operation involving the GIGN special forces.
Balland was released on January 22 as a result of a police operation involving the GIGN special forces.
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At the press conference, Donald Trump was asked about the meme token TRUMP and his possible personal benefit from the project.
He stated that he knows little about it, but confirmed that he was the one who launched the token.
Trump also noted that he had heard about the project's success, adding that "several billion dollars is trivial for these guys."
He stated that he knows little about it, but confirmed that he was the one who launched the token.
Trump also noted that he had heard about the project's success, adding that "several billion dollars is trivial for these guys."
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Elon Musk Says Silk Road Founder Ross Ulbricht Will Be Released
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Blogger Layergg created a map of connections between the new administration of Donald Trump and crypto projects — some officials are directly involved in the projects as investors or advisors, while others are indirectly associated, similar to how Elon Musk is associated with DOGE.
Representatives of the venture capital fund a16z, which has dozens of crypto services in its portfolio (including Coinbase), are also expected to join the administration.
Representatives of the venture capital fund a16z, which has dozens of crypto services in its portfolio (including Coinbase), are also expected to join the administration.
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The Ministry of Internal Affairs of Russia has detained the creators of the illegal payment system Rapidpay, associated with fraudulent call centers, cryptocurrency exchanges, betting offices, and casinos.
The scheme involved more than 70 groups using over 8,500 bank cards. A criminal case has been initiated, and four suspects have been charged.
The scheme involved more than 70 groups using over 8,500 bank cards. A criminal case has been initiated, and four suspects have been charged.
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A pastor from Washington has been charged with 26 counts of fraud — the "man of God" created a scam project Solona Fi, through which he defrauded about 1500 investors out of $6,000,000. He faces up to 20 years in prison ⛪️
The accused himself claims that the idea for the scheme allegedly came to him "in a dream".
The accused himself claims that the idea for the scheme allegedly came to him "in a dream".
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Ranking of blockchains with the highest revenue in 2024
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The Crypto Market Fear and Greed Index Drops to 50 — the Lowest Since October 14, 2024✅
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Thai police seize nearly 1,000 mining machines — JIT Co illegally consumed millions of dollars worth of electricity 🇹🇭
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Michael Saylor said that the first country to print its national currency to buy BTC will be the winner❗️
He also noted that MicroStrategy is essentially doing the same thing - issuing its shares (MSTR), which can be considered a kind of "currency", and using them to buy BTC.
He also noted that MicroStrategy is essentially doing the same thing - issuing its shares (MSTR), which can be considered a kind of "currency", and using them to buy BTC.
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Former investigator of the Investigative Committee Marat Tambiev, who received 16 years in prison for bribery, began to confiscate BTC worth more than 1 billion rubles in favor of the state.
Bailiffs are transferring the coins to a state account. They were stored on a hardware crypto wallet Ledger Nano X.
Bailiffs are transferring the coins to a state account. They were stored on a hardware crypto wallet Ledger Nano X.
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OpenAI plans to create a humanoid robot — in 2021, the company shut down its robotics division, but much has changed since then: there has been a breakthrough in the field of AI, and new equipment has also emerged🤖
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Elon Musk stated that the neural network Grok can recognize and explain virtually any image — from medical records to World War II planes and memes🤖
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SpaceX Elon Musk uses stablecoins to hedge currency risks — the company accepts payments for its Starlink satellite internet from customers in so-called 'long tail' countries and converts them into stablecoins🛰
Then SpaceX converts these stablecoins back into US dollars.
Then SpaceX converts these stablecoins back into US dollars.
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Forbes predicts 7 key trends in the cryptocurrency market for 2025: 🔮
1️⃣ G7 or BRICS countries will create strategic Bitcoin reserves.
2️⃣ The 7 largest technology giants in the USA will create Bitcoin reserves.
3️⃣ The market capitalization of stablecoins will exceed $400 billion.
4️⃣ Layer-2 blockchains of the Bitcoin network will contribute to the growth of DeFi.
5️⃣ The launch of various cryptocurrency-oriented ETFs.
6️⃣ The market capitalization of cryptocurrencies will exceed $8 trillion.
7️⃣ The USA will regain its position as the world's cryptocurrency center.
1️⃣ G7 or BRICS countries will create strategic Bitcoin reserves.
2️⃣ The 7 largest technology giants in the USA will create Bitcoin reserves.
3️⃣ The market capitalization of stablecoins will exceed $400 billion.
4️⃣ Layer-2 blockchains of the Bitcoin network will contribute to the growth of DeFi.
5️⃣ The launch of various cryptocurrency-oriented ETFs.
6️⃣ The market capitalization of cryptocurrencies will exceed $8 trillion.
7️⃣ The USA will regain its position as the world's cryptocurrency center.