Latest news with #ArkhamIntelligence
Yahoo
6 days ago
- Business
- Yahoo
Inside the Feds' $23B digital war chest (or what's left of it)
Inside the Feds' $23B digital war chest (or what's left of it) originally appeared on TheStreet. Confusion over the U.S. government's Bitcoin holdings seemed to arise recently as several publications reported that the American government has sold more than 80% of its BTC holdings. What happened was that an independent journalist, known as @L0la L33tz on X, requested the U.S. Marshals Service to reveal its BTC holdings under the Freedom of Information Act. The agency informed that it held only $3.4 billion in 28,988 forfeited BTC, the journalist shared on July 16. Sen. Cynthia Lummis (R-WY), who co-authored the Strategic Bitcoin Reserve bill, also expressed her shock over the reports that the government has sold more than 80% of its Bitcoin reserves. She remarked: "If true, this is a total strategic blunder and sets the United States back years in the bitcoin race." However, the on-chain analytics platform Arkham Intelligence refuted such reports on July 23, saying the U.S. government didn't sell 170,000 BTC worth $20 billion. It is only the Marshals Service that has reported holding 28,988 BTC, but there are other U.S. government departments too, such as the Federal Bureau of Investigation (FBI), the Department of Justice (DoJ), etc., that seize and hold BTC, Arkham said. In fact, different U.S. government departments currently hold at least 198,000 BTC worth $23.5 billion, which hasn't moved at all for 4 months, the analyst the journalist who obtained the Freedom of Information Act response, aka @L0laL33tz, cautioned against blindly believing on-chain wallet trackers like Arkham, which they said fail to distinguish between seized and forfeited Bitcoin. Here is the difference between the two. While forfeited assets are officially owned by the U.S. government, seized assets can either go into compensating victims of hacks, scams, etc. or into the government coffers, @L0laL33tz underlined. On-chain platforms like Arkham list both forfeited and seized BTC, they added. Inside the Feds' $23B digital war chest (or what's left of it) first appeared on TheStreet on Jul 23, 2025 This story was originally reported by TheStreet on Jul 23, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
18-07-2025
- Business
- Yahoo
Satoshi-Era Bitcoin Whale Moves Final $4.8B to Galaxy Digital, Likely Prepping Sale
The dormant bitcoin (BTC) address tied to one of the network's earliest whales has now moved its entire 80,000 BTC stash to trading desks, with the final 40,191 BTC (worth $4.8 billion) sent to Galaxy Digital on Friday — signaling a likely upcoming sale. Sending to exchanges or trading desks does not confirm a sale of crypto to stablecoins or other tokens, but large amounts of crypto are typically held in hard wallets instead of exchanges — which gives the market a reason to believe otherwise. Blockchain data from Arkham Intelligence indicates that the coins were transferred across 15 transactions to a Galaxy-labeled address starting at 5:41 p.m. ET Thursday, consolidating from four prior wallets into a single holding address prior to the transfer. The OG whale, who first acquired their bitcoin over 14 years ago, began reactivating on July 4, sending eight batches of 10,000 BTC to new addresses in their first movement since April 2011. On Tuesday, they moved 40,010 BTC to Galaxy Digital, which has since begun routing coins to Coinbase, Gemini, Bitstamp, and several unlabeled addresses, indicating potential offloading via OTC desks. The latest tranche brings Galaxy's wallet balance to 40,288 BTC, with no outbound activity recorded since the final whale transfer. The move comes as BTC trades just above $118,000 hovering near its recently set all-time in to access your portfolio
Yahoo
09-07-2025
- Business
- Yahoo
Another exchange hacked for $40M
Another exchange hacked for $40M originally appeared on TheStreet. The GMX crypto exchange got hacked for $41.9 million on July 9, the on-chain analytics platform Lookonchain posted on X. Launched in 2021, GMX is a decentralized spot and perpetual exchange that offers up to 100 times leverage in crypto trading. GMX confirmed on X that V1 on Arbitrum has suffered an exploit of approximately $40 million. The stolen funds have been transferred from the GLP pool to an unknown wallet, it added. The exchange said it has paused trading on GMX V1 and the minting and redeeming of GLP on both Arbitrum and Avalanche networks. It recommended users disable leverage, among other steps, to potentially mitigate the per the on-chain data on DeBank, the hacker still held $30.2 million on Arbitrum and bridged more than $11.6 million to Ethereum. PeckShieldAlert shared a message on X as per which the GMX developer seemed to acknowledge the exploit and offer a 10% white hat bounty to recover the stolen funds. No further legal action will be taken if the exchange succeeds in recovering 90% of the stolen funds within 48 hours, the message read. As per the on-chain analyst Arkham Intelligence, the hacker's wallet held $43.5 million at the time of writing. Among the cryptocurrencies the wallet holds are $10.5 million in Legacy Frax Dollar, $9.6 million in wrapped Bitcoin, $10.3 million in DAI, $5.8 million in wrapped Ethereum, $2.6 million in Ethereum, $2.2 million in USDC, and $1.3 million in USDT. An official followup announcement will be published once a full post-mortem has been done. When TheStreet Roundtable reached out to GMX on X for a comment on the development, the exchange's representative told us to wait for an official follow-up announcement to be published once a full postmortem has been done. Another exchange hacked for $40M first appeared on TheStreet on Jul 9, 2025 This story was originally reported by TheStreet on Jul 9, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
30-06-2025
- Business
- Yahoo
Bhutan Possibly Readies $15M Bitcoin Sale as Holdings Near $1.3B
The Royal Government of Bhutan transferred 137.245 bitcoin worth about $14.77 million to crypto exchange Binance on June 30, according to blockchain data from Arkham Intelligence. This fresh transaction comes as Bhutan's total bitcoin holdings have grown to 11,924 BTC, valued at approximately $1.28 billion at current market prices of around $107,000. The small Himalayan kingdom has become a significant player in the crypto space, with its bitcoin stash representing a sizable chunk of its economy. The holdings were built largely through state-backed mining operations under Druk Holdings, working alongside Bitdeer Technologies, which is expanding local mining capacity to 600 megawatts by 2025. The latest Binance deposit has fueled speculation about potential selling pressure, although no one from the government has not commented publicly on the reason for the transfer. Some investors of late are questioning why bitcoin has not surged to new all-time highs despite significant corporate buying. These investors, however, fail to take into account large holders (like Bhutan) sitting on heavy profits who are happy to unload a portion of their stakes, balancing that heavy buy pressure. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Post
10-06-2025
- Business
- Arabian Post
Illicit Carding Hub BidenCash Dismantled in Major Takedown
U.S. law enforcement has seized approximately 145 darknet and clearnet domains, along with cryptocurrency holdings linked to BidenCash, a notorious carding marketplace that facilitated the distribution of stolen credit card data and personal information. Since its inception in March 2022, the platform served over 117,000 users and trafficked more than 15 million payment card records, reportedly generating at least $17 million in illicit revenue. BidenCash gained traction by periodically publishing stolen data sets—for example, offering 3.3 million credit card records free of charge between October 2022 and February 2023—as a marketing tactic to lure new buyers. These leaks included full card numbers, expiry dates, CVV codes, account holder names, addresses, email IDs and phone numbers. Beyond carding, the platform also traded compromised credentials which could be used for unauthorised computer access. By court order, U.S. authorities have seized cryptocurrency wallets used by BidenCash to collect illicit proceeds. On‑chain intelligence from Arkham Intelligence indicates that around $43,000 in USDT was transferred to wallets designated as 'Seized Funds', although the total seizure remains undisclosed. ADVERTISEMENT Visitors to the seized domains are now automatically redirected to servers controlled by U.S. law enforcement and are greeted with official seizure banners bearing logos of the Department of Justice, FBI, U.S. Secret Service and involved international partners. The dismantling of BidenCash resulted from a joint operation involving the U.S. Attorney's Office for the Eastern District of Virginia, the Secret Service, the FBI and international partners including the Dutch National High Tech Crime Unit, the Shadowserver Foundation and Searchlight Cyber. While no arrests have been confirmed publicly, the takedown highlights expanded cooperation between U.S. and European agencies. Cybersecurity analysts warn that some traces of BidenCash remain active. As of early June, researchers such as Vmprotect identified at least seven live domains tied to the marketplace, illustrating the inherent challenges in fully eradicating darknet infrastructure. Experts highlight that even expired credit cards and outdated personal data can fuel phishing schemes, identity theft and account takeovers, underscoring the enduring risks for victims. The crackdown on BidenCash forms part of a broader escalation by global law enforcement in their fight against cybercrime malign platforms. Recent operations have targeted malware-as-a-service networks, counter‑antivirus services and other darknet commerce sites. Yet analysts caution that such efforts often spark rapid migration of criminal activity to new domains and platforms. Investigators are now focusing on tracing the individuals behind the BidenCash operation and pursuing further legal actions to freeze remaining assets. Analysts emphasise that the success of this takedown will depend on follow‑through investigations and the dismantling of successor networks.
