The fraudsters stole $21.6 million from over 40,000 investors to fund their lavish lifestyle, which also reportedly included $100,000 spent on sex workers.
Altcoin news
Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.
Bitcoin’s correction ignited selling in altcoins, which are slipping below critical support levels.
Ether price is down today after enduring a 9% decline in three days, and data suggests that the altcoin is poised for further downside.
The North Korean cybercrime group is credited with some of the biggest crypto hacks, including the $600 million Ronin bridge exploit.
RedStone is the first large oracle to launch on the Ethereum restaking protocol.
Dogecoin is down today after entering overbought territory, with a looming golden cross and macroeconomic factors adding to the bearish pressure for DOGE price.
Cosmos’ co-founder and core contributors were previously unaware of the North Korean link, which could lead to the removal of the Liquid Staking Module.
Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?