DPRK-Linked Hackers Launder $27.1 Million in Ethereum

• DPRK linked hackers have laundered approximately $17.7 million worth of Ethereum (ETH) from Harmony Bridge.
• The rogue state allegedly consolidated the stolen funds into two primary addresses before transferring them to six different crypto exchanges.
• Crypto investigator ZachXBT discovered another address with 5,974 ETH worth $9.4 million, bringing the total laundered to 17,278 ETH with a market value of $27.1 million.

The Democratic People’s Republic of Korea (DPRK) is once again making headlines, this time in the cryptocurrency world. Self-styled crypto investigator ZachXBT claims that actors allied to the DPRK have laundered another tranche of funds stolen last year from Harmony’s Horizon Bridge.

According to ZachXBT, the hackers moved 11,304 ethereum (ETH) over the weekend, valued at approximately $17.7 million. The rogue state allegedly consolidated the stolen funds into two primary addresses before transferring them to six different crypto exchanges. In addition, ZachXBT discovered another address with 5,974 ETH worth $9.4 million, bringing the total laundered to 17,278 ETH with a market value of $27.1 million.

The DPRK linked hackers also withdrew 895 bitcoin (BTC) from the exchanges. At current rates, the BTC withdrawn by the hackers is worth about $20.6 million. This is not the first time the Lazarus Group, the team reportedly behind the $100 million Harmony Bridge hack, has laundered funds. On Jan. 15, the same crypto investigator claimed that North Korea’s Lazarus Group had moved 41,000 ETH worth $63.5 million. The hackers allegedly laundered the money through Railgun, a privacy and anonymity protocol.

It is unclear what the fate of the stolen funds will be, but it is a reminder of the dangers posed by the DPRK, both in the cryptocurrency world and the real world. As the crypto space continues to grow and become more mainstream, it is important for investors to be aware of these risks and take the necessary precautions.

Women Are Driving Crypto Adoption: 34% Now Own Cryptocurrency

• A recent report revealed that cryptocurrency adoption among female retail investors is on the rise, with 34% of women now owning cryptocurrency, up from 29% in the previous quarter.
• The report was released by eToro, a popular social trading platform, and provides insight into the mindset of retail investors. It found that the most popular reason for investing in cryptocurrency is the opportunity to make high returns.
• The rise in cryptocurrency adoption among women suggests that digital assets are succeeding where traditional financial markets have failed to bring more women to the table.

Cryptocurrency adoption among female retail investors is on the rise, according to a recent report by eToro, a popular social trading platform. The Retail Investor Beat Q4 2022 report surveyed 10,000 retail investors across 13 countries and 3 continents and found that 34% of women now own cryptocurrency, up from 29% in the previous quarter. This makes digital assets the second most widely owned asset class for women after cash, indicating that crypto is succeeding where traditional financial markets have sometimes failed to bring more women to the table.

The report provides insight into the mindset of retail investors, finding that the most popular reason for investing in cryptocurrency is the opportunity to make high returns. This is likely due to the volatile nature of the crypto market, with investors able to take advantage of quick price movements to make large gains in a short amount of time. Additionally, many investors also believe in the power of blockchain technology and think cryptocurrencies are a transformative asset class.

The rise in cryptocurrency adoption among women is significant, especially when compared to the adoption rate of other asset classes. A survey released by BlockFi, a popular crypto lender, in October 2022 found that women were still bullish on crypto despite the challenges plaguing the market at the time. The survey showed that women still see crypto as a good investment vehicle, with 22% of respondents stating that they were still open to buy bitcoin and altcoins in 2023, and one in 10 women having chosen crypto as their first investment.

This indicates that more and more women are starting to recognize the potential of cryptocurrency and digital assets. This could be due to the increasing number of educational materials, initiatives, and resources that have been made available to help women understand the technology and how to get involved. This could also be attributed to the success of platforms such as eToro, which allow users to easily buy and trade cryptocurrencies in a safe and secure environment.

The rise in cryptocurrency adoption among women suggests that digital assets are becoming increasingly accessible and attractive to a wide variety of investors. This could help to increase the diversity of the crypto market and bring new opportunities to the sector. It could also lead to the development of more user-friendly tools and services, which could further benefit the industry as a whole. With more women entering the market, the crypto space could reach new heights in the years to come.

FTT Token Surge: 160% Climb Amidst Sam Bankman-Fried’s Not Guilty Plea

• The native token of the now-defunct crypto exchange FTX Token (FTT), has had a 160% surge in the past week.
• Sam Bankman-Fried, the creator and former CEO of FTX, has pleaded not guilty to eight counts of federal criminal charges.
• Analysts suggest that this is a typical pump and dump, with FTT still 97% below its all-time high.

The crypto markets are experiencing a surge in activity, with many token prices soaring in the past week. One token that has seen tremendous growth is the native token of the now-defunct crypto exchange FTX Token (FTT). This token has experienced a 160% rise in the past seven days, with its price peaking at $2.50 earlier today.

The sudden surge in price comes at a time when the creator and former CEO of FTX, Sam Bankman-Fried, has pleaded not guilty to all eight counts of federal criminal charges. While the exact cause of the FTT rally is still unknown, many analysts suggest that it is likely a pump and dump situation.

FTT reached its all-time high of $84 in September 2021, when FTX was at the peak of its bull market. Following the exchange’s spectacular crash, the token plummeted below $1, where it stayed until Jan.10, when its price started to move again. It eventually rose to a high of $2.50 earlier today.

The news regarding FTX or Sam Bankman-Fried this morning has been nonexistent, leading many to believe that the pump is likely a result of a FOMO (fear of missing out) caused by traders desperately buying defunct exchange assets.

It remains to be seen if FTT will continue to rise in the coming days, or if the token will return to its pre-rally price. For now, it appears that the token is still a long way off from achieving its all-time high, with analysts suggesting that this is a typical pump and dump. Only time will tell if the FTT surge is here to stay.

Bankman-Fried Arrest: Ackman Hypothesizes How CEO Could Be Telling the Truth

• Sam Bankman-Fried was arrested and extradited to the US for bankruptcy related to FTX.
• He claims he did not do any financial foul play, but his statements were conflicting with the findings of the solvency and bankruptcy team.
• Billionaire Bill Ackman has hypothesized how Bankman-Fried could be telling the truth.

In November 2022, Sam Bankman-Fried, the CEO of FTX, was arrested in the Bahamas and extradited to the US to face charges of bankruptcy. FTX had lacked enough liquidity to satisfy customer withdrawal requirements, leading to Bankman-Fried’s filing for bankruptcy. In the US, Bankman-Fried appeared before a magistrate judge and was given a record $250 million bail. He subsequently went to live with his parents while his case is set to begin trial in October 2023.

Throughout the process, Bankman-Fried has maintained his innocence, claiming he did not do any financial foul play at FTX and Alameda Research. He has blamed other factors like the global economic downturn for the exchange’s fate. However, some of his statements have been conflicting with the findings of the solvency and bankruptcy team all along.

Amid the controversy surrounding Bankman-Fried, billionaire Bill Ackman has now hypothesized how he could be telling the truth. Ackman clarified that he has no economic interest in the FTX debacle and was sharing his life experiences to show how it is possible to misinterpret financial ordeals. He stated that it is possible for Bankman-Fried to have been unaware of the financial implications of his decisions.

Ackman’s remarks have been met with a certain degree of scepticism from the crypto community, with many questioning his stance on the matter. Nonetheless, Ackman has maintained his stance, insisting that his hypothesis is possible and that Bankman-Fried should be given the benefit of the doubt.

The case against Bankman-Fried is set to continue and the crypto community awaits further developments with much anticipation. Only time will tell if Ackman’s hypothesis will hold true or if Bankman-Fried will be found guilty of financial misconduct.

Creditors of Singapore Crypto Lender Prefer Liquidation Over Restructuring

• Creditors of the Singaporean crypto lender Hodlnaut have favored liquidation over restructuring.
• An earlier court filing revealed that the firm’s creditors rejected the proposed restructuring plan, preferring to liquidate the crypto lender’s assets instead.
• The court-appointed interim judicial managers released a report stating that Hodlnaut’s directors had downplayed their exposure to Terra/Luna.

Hodlnaut, a Singaporean crypto lender, has recently been met with creditors who prefer liquidation of their assets to restructuring. This comes after an earlier court filing, released by the firm’s court-appointed interim judicial managers on January 11, revealed that the companies creditors had rejected a proposed restructuring plan.

This proposed restructuring plan would have enabled directors in charge during Hodlnaut’s collapse to continue overseeing the company. Major creditor, the Algorand Foundation, stated in the filing that the liquidation process should be expedited “to maximize the company’s remaining assets available for distribution”. The Algorand Foundation, a non-profit organization that supports the Algorand blockchain, revealed in September 2022 that they had USDC worth $35 million trapped in Hodlnaut following the crypto lender’s withdrawal freeze in August 2022.

Shortly after suspending withdrawals, Hodlnaut filed with the Singaporean High Court to come under judicial management where they later laid off 80% of its workforce. The court-appointed interim judicial managers released a report shortly after, stating that the company’s directors had downplayed the extent of the group’s exposure to Terra/Luna both during the period leading up to and following the Terra/Luna collapse in May 2022.

With Hodlnaut’s creditors now favoring liquidation over restructuring, the company will be looking to maximize the remaining assets available for distribution in order to pay creditors. It remains to be seen what will happen next to the Singaporean crypto lender, but as of now, liquidation appears to be the preferred option.

Former Tinder CPO Appointed as N3twork Studios’ Chief Operating Officer

• N3twork Studios, a blockchain game developer and publisher, has appointed former Tinder Chief Product Officer Josh Sell as its new Chief Operating Officer.
• Sell will assist N3twork Studios President Matt Richetti in managing the studio’s daily operations and in the development of Legendary: Heroes Unchained and Triumph.
• Previously, Sell supervised a slew of Tinder releases throughout his tenure, including the explore Tab, and co-founded the cutting-edge Web3 gaming firm Midnight.

N3twork Studios, a blockchain game developer and publisher, recently appointed former Tinder Chief Product Officer Josh Sell as its new Chief Operating Officer. Sell brings with him a wealth of experience in the digital industry, having supervised a slew of Tinder releases throughout his tenure and co-founding the cutting-edge Web3 gaming firm Midnight.

In his new role at N3twork Studios, Sell will assist President Matt Richetti in managing the studio’s daily operations and in the development of Legendary: Heroes Unchained and Triumph. The development team at N3twork Studios comprises more than 80 professionals who have worked on some of the highest-grossing free-to-play games from EA, Kabam, Zynga, Glu, Disney, and others.

Commenting on his new position, former Tinder CPO said: “There is a tremendous chance for success here. Before joining, I tried the product(s) and fell in love with them.”

N3twork Studios is currently working on a suite of blockchain games, with Legendary: Heroes Unchained being the first of the bunch. The game is set to be released later this year, and is expected to be a hit among Web3 gaming enthusiasts. Furthermore, the company is also working on Triumph, a blockchain-based strategy game that will challenge players to build a powerful empire.

Overall, the appointment of Josh Sell as Chief Operating Officer at N3twork Studios is a positive move by the company and will no doubt help to further the development of Legendary: Heroes Unchained and Triumph. With such a talented team in place, the future looks bright for the blockchain game developer and publisher.

Whale Moves $34.7 Million in SHIB, Signalling Bullish Outlook

• An anonymous whale has withdrawn $34.7 million in SHIB from Binance.
• The transaction was sent from a wallet associated with the exchange to a staking service.
• The whale appears to have a more positive outlook on the potential of the meme currency, which could benefit the price of SHIB in the long run.

An unknown whale has recently withdrawn a massive amount of SHIB from the popular cryptocurrency exchange Binance. The transaction, valued at around $34.7 million, was sent from a wallet associated with the exchange to a staking service. This large-scale transfer of SHIB has caused speculation amongst traders and analysts as to the intentions behind it.

The staking service to which the SHIB was sent is a method of earning rewards for locking tokens into a contract for a certain period of time. By sending SHIB to this service, the whale appears to be indicating a more positive outlook on the potential of the meme currency. This suggests that they may be planning to hold onto the SHIB for a prolonged period, which could be beneficial to the price in the long run.

The transaction is yet another example of the power of whales in the cryptocurrency markets. Whales are large investors who are able to move the markets by buying and selling large amounts of cryptocurrencies. Their actions can have a considerable impact on the price of cryptocurrencies, and can be important indicators of the direction of the market.

In the case of SHIB, the whale’s withdrawal from Binance and subsequent transfer to the staking service is a bullish signal. It indicates that the investor has faith in the long-term potential of the cryptocurrency, and is likely to hold on to their SHIB for the foreseeable future. This is a positive sign for the SHIB market, and could be a contributing factor to any potential price rises in the future.

LG Brings the Metaverse to Smart TV Viewers With Oorbit & Pixelynx

• Oorbit and Pixelynx have partnered with LG Electronics to bring the metaverse to its smart TV viewers.
• The collaboration will facilitate user connections in the metaverse and incorporate interoperable gaming and social functions into LG smart TVs.
• Users of LG smart TVs will be able to access high-fidelity interconnected virtual worlds and experiences from Auxuman and Pixelynx.

LG Electronics has recently joined forces with Oorbit and Pixelynx, companies developing metaverse technology, to bring the metaverse directly to its smart TV viewers. This collaboration will allow LG users to access and explore a variety of high-fidelity interconnected virtual worlds and experiences.

The Oorbit platform will enable marketers and developers to quickly spread the word about their virtual worlds and experiences to a wider audience on screens. Thanks to its technology, millions of LG smart TV users will have access to the metaverse. With the aid of Oorbit’s platform, users can keep a persistent digital identity that they bring with them from every experience.

The collaboration between Oorbit and LG will facilitate user connections in the metaverse by incorporating interoperable gaming and social functions into LG smart TVs. These functions allow users to access a variety of virtual worlds created by Auxuman and Pixelynx, such as AI-generated multiplayer games in Auxworld and virtual concerts on Elynxir. Additionally, purchases and achievements can be shared between several virtual environments.

This partnership is an exciting development for the metaverse community. Not only will it bring the metaverse to millions of smart TV viewers, but it will also open up new opportunities for developers and marketers to reach a broader audience. With the introduction of this technology, users will be able to explore and experience the metaverse in a variety of ways.

LG Electronics has been at the forefront of the crypto-space for some time now. Back in March 2022, the company amended its blockchain policy to include new regulations that would help the industry grow and evolve. This new partnership with Oorbit and Pixelynx is yet another example of LG’s commitment to pushing the boundaries of the metaverse.

LG’s collaboration with Oorbit and Pixelynx is a major milestone for the metaverse community and will pave the way for a new era of virtual world exploration. With this new partnership, LG users will be able to experience the metaverse in a variety of ways, and the possibilities are endless.

Silvergate Commits to Crypto Industry Despite Bank Run and Layoffs

• Silvergate sold assets at a loss to cover $8.1 billion in withdrawals due to a bank run.
• The bank laid off 40% of its staff, or about 200 employees, in response to the drop in crypto-related deposits.
• Silvergate is still committed to the crypto industry and has the necessary resources to handle a prolonged period of transformation.

The collapse of FTX recently sparked a bank run on Silvergate, a financial institution that provides services to crypto companies, causing it to sell assets at a steep loss to cover the withdrawals. Withdrawals from Silvergate totaled around $8.1 billion, and in response, the bank had to liquidate some of its debt in order to cover the withdrawals. The bank lost about $718 million on the sale, which is more than its total profits since 2013.

In addition to the asset liquidation, Silvergate was forced to lay off 40% of its staff, or about 200 employees. During the fourth quarter, the bank had seen a 68% drop in crypto-related deposits, and in order to compensate for the loss, the bank had to reduce its workforce. The bank also wrote off the $196 million it spent on Facebook’s failed attempt to establish a blockchain-based digital currency network.

Despite the losses, Silvergate remains committed to the crypto industry and has the necessary resources to handle a prolonged period of transformation. Most of the bank’s deposits come from crypto-related accounts, which account for around 90% of the bank’s total deposits. FTX, a company controlled by Sam Bankman-Fried, contributed over $1 billion to the bank’s total deposits.

Silvergate is not structured like a typical bank, and instead focuses on providing bank accounts and services to investors and crypto exchanges. The bank is taking measures to ensure its continuity in the crypto industry, including developing new products and services to meet the needs of the crypto space. The bank is also actively engaging with regulators to ensure that its activities are compliant with the applicable laws and regulations.

As the crypto industry matures, Silvergate is continuing to adjust its business model to meet the needs of the industry and also to protect its customers. The bank is also developing new products and services to better serve its customers and to ensure its long-term success. In the face of the recent events, Silvergate is demonstrating its commitment to the crypto industry and is taking steps to ensure its continuity in the space.

Quantum Ai: the verdict!

Quantum Ai and celebrities
There have been allegations on the internet about Quantum Ai’s affiliation with celebrities such as Elon Musk, Jamie Oliver, Gordon Ramsay, Richard Branson, Jim Davidson, Kate Winslett and many others.

The above mentioned celebrities have denied these allegations. None of these celebrities are in any way supporters of this automated trading robot.

However, these rumours do not detract from the active and operational nature of the software. Quantum Ai is by no means a scam. Rather, dishonest marketers are using the name of this software to line their pockets.

Quantum Ai: the verdict!

In the final analysis, the online reviews of Quantum Ai are very scary. Some people claim that they have been able to earn passive income with the robot while others claim to have lost their capital.

In our opinion, the software does not appear to be a scam and it works with regulated brokers. It also stands out for its unique features. Visit https://www.indexuniverse.eu/quantum-ai-review/ for more tips.

Nevertheless, we do not corroborate the ambitions of the crypto trading robot to generate thousands of euros on a daily basis. These claims can neither be proven nor guaranteed. Therefore, you will invest on this platform at your own risk. It is strongly recommended that you invest an initial sum of no more than €250 to protect your capital.

How reliable is Quantum Ai?
In our opinion, Quantum Ai is a software that seems reliable and works with regulated brokers. However, trading crypto-currencies is a risky investment. You need to consider the volatility, study the market before you start trading.

How much do I have to spend to join Quantum Ai?

There is no fee to open a Quantum Ai trading account.

How do I trade on this platform?
To trade on Quantum Ai you first need to create an account, then deposit funds up to €250 and finally activate the auto-trading function.

Are there any hidden fees on this platform?
According to our analysis, Quantum Ai has no hidden fees. Its payment system is transparent.

Are celebrities associated with Quantum Ai?
There are rumours that there is a link between Quantum Ai and global celebrities. We cannot believe these allegations. However, this does not mean that the bot is a scam, it works with regulated brokers.