13 Aug 2025, 11:45

US Seized $1M in Crypto and Servers from BlackSuit Ransomware Group

The United States has seized servers, domain names, and approximately $1 million in cryptocurrency from the BlackSuit ransomware group, a notorious cybercriminal operation linked to hundreds of attacks on critical infrastructure. The Justice Department (DOJ) announced Monday that the action was the result of a coordinated international law enforcement effort conducted in late July. The DOJ revealed that the operation involved the unsealing of a seizure warrant for cryptocurrency valued at just over $1 million at the time. “Disrupting ransomware infrastructure is not only about taking down servers, it’s about dismantling the entire ecosystem that enables cybercriminals to operate with impunity,” said Michael Prado, deputy assistant director at the Homeland Security Investigations Cyber Crimes Center. International Operation Targets BlackSuit Network BlackSuit, believed to be a spinoff of the Royal ransomware gang, has been active since at least 2023. The latest seizure follows other U.S. measures against ransomware networks, including sanctions on Aeza Group, a known ransomware hosting provider, in July. The DOJ said the takedown was spearheaded by the Department of Homeland Security’s Homeland Security Investigations, with support from the U.S. Secret Service, IRS, FBI, and law enforcement agencies from the UK, Germany, Ireland, France, Canada, Ukraine, and Lithuania. According to the DOJ, BlackSuit persistently targeted critical infrastructure sectors such as healthcare, government services, manufacturing, and commercial facilities. The group used double-extortion tactics — encrypting victims’ systems while threatening to leak stolen data to force payment — and demanded ransoms primarily in Bitcoin through darknet websites. Since 2022, BlackSuit has compromised over 450 known U.S. victims and collected more than $370 million in ransom payments. Bitcoin Ransom Payments Tracked and Seized One notable case in 2023 saw a victim pay 49.3 BTC, worth about $1.4 million at the time, to regain access to encrypted data. The DOJ reported that part of this ransom — the seized $1 million — was cycled repeatedly through a cryptocurrency exchange account until the funds were frozen in early 2024. The exchange involved was not identified. Ransom demands from BlackSuit typically ranged from $1 million to $10 million in Bitcoin, with the largest demand reaching $60 million, according to the Cybersecurity and Infrastructure Security Agency. The DOJ noted that ransomware activity remains dynamic , with new groups emerging to replace dismantled networks. In July, the FBI in Dallas seized 20 BTC (about $2.4 million) from a member of the Chaos ransomware group. Last week, analysts at TRM Labs identified a potential BlackCat successor called Embargo , which has over $18.8 million in crypto sitting in dormant wallets. The post US Seized $1M in Crypto and Servers from BlackSuit Ransomware Group appeared first on TheCoinrise.com .

13 Aug 2025, 11:45

Machi ETH Short: Whale’s Daring $5.16M Bet on Ethereum’s Decline

BitcoinWorld Machi ETH Short: Whale’s Daring $5.16M Bet on Ethereum’s Decline The cryptocurrency world is buzzing with news of a significant move from a prominent crypto whale known as Machi. This isn’t just any trade; Machi has opened a massive Machi ETH short position, valued at $5.16 million. This bold play has captured the attention of many, signaling a potentially bearish outlook on Ethereum’s immediate future. What’s Behind This Massive Ethereum Short Position? Machi, a well-known figure in the crypto space, has taken a decidedly bearish stance on Ethereum. According to insights shared by Onchain Lens on X, this whale has initiated a 25x leveraged short position on Ethereum, involving a substantial 1,100 ETH. At current valuations, this translates to a staggering $5.16 million. An Ethereum short position essentially means Machi is betting on the price of ETH to fall. If Ethereum’s value decreases, Machi stands to profit significantly. Conversely, if ETH’s price rises, the losses could be substantial, especially given the high leverage involved. This kind of move by a major holder often sparks discussions and speculation across the market. It prompts other traders and investors to consider their own positions and outlooks on Ethereum’s trajectory. Understanding Crypto Leverage Trading: The 25x Factor When we talk about crypto leverage trading , we refer to using borrowed funds to increase potential returns from a trade. In Machi’s case, the 25x leverage means that for every dollar Machi put up, they are controlling $25 worth of Ethereum. This amplifies both potential gains and potential losses dramatically. For instance, a mere 4% drop in Ethereum’s price would theoretically double Machi’s initial capital. However, a 4% increase in price could liquidate the entire position, meaning the broker would automatically close the trade, and Machi would lose their initial investment. Leverage is a powerful tool, attracting traders with the promise of amplified profits but also carrying immense risk. It requires a deep understanding of market dynamics and robust risk management strategies to navigate successfully. Is This a Sign of a Bearish Crypto Market Ahead? A significant short position from a whale like Machi naturally raises questions about the broader market sentiment. Does this trade indicate a looming bearish crypto market ? While one whale’s move does not definitively predict the market’s direction, it certainly adds to the ongoing narrative. Large-scale trades by influential entities often reflect their analysis of underlying market fundamentals, technical indicators, or even macroeconomic trends. It’s possible Machi anticipates a correction or a period of consolidation for Ethereum after its recent price movements. Market participants often monitor such whale activities closely, as they can sometimes precede significant price shifts. However, it is crucial to remember that even whales can be wrong, and the crypto market remains highly volatile and unpredictable, influenced by a multitude of factors. The Power of On-Chain Crypto Data in Today’s Market How do we even know about Machi’s specific trade? This information comes to light through on-chain crypto data analysis. On-chain data refers to all the information recorded on a blockchain, which is publicly accessible and transparent for anyone to view. Analysts and platforms like Onchain Lens specialize in tracking these transactions, identifying large movements, and attributing them to known entities or wallets. This transparency is a core feature of decentralized finance and blockchain technology, providing unprecedented visibility. For traders, on-chain data provides invaluable insights into whale movements, exchange flows, and overall network activity. It helps in understanding market sentiment and potential liquidity shifts, offering a unique edge in making informed trading decisions. What Could Be the Impact of This Machi ETH Short? Machi’s substantial Machi ETH short could have several implications. Firstly, it adds selling pressure to Ethereum, especially if the position grows or if other large players follow suit. Secondly, it creates a psychological effect, as news of a major whale betting against ETH might cause some investors to reconsider their long positions or take profits. However, the market is vast, and one position, even a large one, does not guarantee a price decline. Ethereum has a strong community, ongoing developments like the Dencun upgrade, and significant institutional interest. The outcome of this trade will largely depend on broader market forces and Ethereum’s fundamental strength. In conclusion, Machi’s bold $5.16 million Ethereum short with 25x leverage is a significant development. It highlights the high-stakes nature of crypto trading and the importance of on-chain data in understanding market dynamics. While it signals a bearish outlook from one prominent player, the broader implications for Ethereum’s price will unfold as the market reacts. It serves as a powerful reminder of both the opportunities and the inherent risks within the volatile cryptocurrency landscape. Frequently Asked Questions (FAQs) Q1: What does it mean to ‘short’ Ethereum? A1: Shorting Ethereum means you are betting that its price will go down. Traders borrow ETH, sell it, and then aim to buy it back at a lower price later to return it, profiting from the price difference. Q2: What is 25x leverage in crypto trading? A2: 25x leverage means a trader can control a position worth 25 times their initial capital. For example, with $1,000, they can trade $25,000 worth of crypto. This amplifies both potential gains and losses. Q3: How do we know about Machi’s specific trade? A3: This information is revealed through on-chain data analysis. All transactions on public blockchains like Ethereum are transparent and can be tracked by specialized platforms and analysts. Q4: Will Machi’s short position definitely cause Ethereum’s price to drop? A4: Not necessarily. While a large short position from a whale can influence market sentiment and add selling pressure, the overall market is influenced by many factors. Ethereum’s price will ultimately depend on broader supply and demand dynamics. Q5: What are the risks of a high-leverage short position? A5: The primary risk is liquidation. If the price moves significantly against the leveraged position, the trader’s entire collateral can be lost very quickly. High leverage amplifies losses as much as gains. Q6: How can I track whale movements in crypto? A6: You can track whale movements using various on-chain analytics platforms and services that monitor large transactions and wallet activities on different blockchains. Did you find this analysis of Machi’s significant Machi ETH short informative? Share this article with your friends and fellow crypto enthusiasts on social media to spread awareness about major market movements! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action . This post Machi ETH Short: Whale’s Daring $5.16M Bet on Ethereum’s Decline first appeared on BitcoinWorld and is written by Editorial Team

13 Aug 2025, 11:45

Wall Street Insider: XYZVerse Could Be the “Ethereum of Meme Coins” by 2026

A rising digital token is catching the attention of major market players. Some now compare its potential to the early days of leading blockchain networks. With bold predictions circulating, the possibility of it changing the landscape of popular online coins sparks debate. Readers are left wondering if they are witnessing the next major shift in this fast-moving market. Undervalued $XYZ Meme Coin Gears Up for Listing on a Major CEX XYZVerse ($XYZ) is the meme coin that has grabbed headlines with its ambitious claim of rising from $0.0001 to $0.1 during a presale phase. So far, it has gone halfway, raising over $15 million, and the price of the $XYZ token currently stands at $0.005 . At the next 14th stage of the presale, the $XYZ token value will further rise to $0.01 , meaning that early investors have the chance to secure a bigger discount. Following the presale, $XYZ will be listed on major centralized and decentralized exchanges. The team has not disclosed the details yet, but they have put a teaser for a big launch. Born for Fighters, Built for Champions XYZVerse is building a community for those hungry for big profits in crypto — the relentless, the ambitious, the ones aiming for dominance. This is a coin for true fighters — a mindset that resonates with athletes and sports fans alike. $XYZ is the token for thrill-seekers chasing the next big meme coin. Central to the XYZVerse story is XYZepe — a fighter in the meme coin arena, battling to climb the charts and make it to the top on CoinMarketCap. Will it become the next DOGE or SHIB? Time will tell. Community-First Vibes In XYZVerse, the community runs the show. Active participants earn hefty rewards, and the team has allocated a massive 10% of the total token supply — around 10 billion $XYZ — for airdrops, making it one of the largest airdrops on record. Backed by solid tokenomics, strategic CEX and DEX listings, and regular token burns, $XYZ is built for a championship run. Every move is designed to boost momentum, drive price growth, and rally a loyal community that knows this could be the start of something legendary. Airdrops, Rewards, and More — Join XYZVerse to Unlock All the Benefits Ethereum (ETH) Source: TradingView ETH is on a steady climb. The coin jumped 15.44% in the last week, 45.95% in a month, and 56.92% over six months. Price now swings between 3719.29 and 4557.25, well above the 10-day average of 4276.11 and the 100-day line at 4180.89. Buyers still press higher. The relative strength index is 55.14, so heat is moderate. The stochastic reading of 71.86 hints at more drive but not mania. A positive momentum score of 9.72 backs the mood. If bulls push past 4863.39, the chart opens to 5701.35. That path would add about 7% then 25% from today’s top range. If the move stalls, 3187.47 stands as the first floor, roughly 15% down from the lower edge of the current band. Deeper pullback could aim for 2349.51, near 37% lower. Trend and indicators favor the upside for now, so a break toward the first resistance looks more likely than a slide to support. Keep eyes on 4300 as the pivot that will show the next turn. Conclusion ETH and similar coins are strong tokens, but XYZVerse stands out as the all-sport memecoin with huge growth potential, driven by active community involvement and a unique sports-meets-meme approach. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse

13 Aug 2025, 11:43

From Denial to Admission: Do Kwon Changes Plea in TerraUSD Fraud Probe

Terraform Labs co-founder Do Kwon has pleaded guilty in a New York court to conspiracy and wire fraud charges linked to the $40 billion collapse of TerraUSD and Luna. Do Kwon Admits Fraud in U.S. Court Do Kwon , the co-founder of collapsed blockchain firm Terraform Labs, has pleaded guilty to U.S. fraud charges, marking a dramatic turn in the long-running legal fallout from the TerraUSD and Luna token collapse. The plea was entered before U.S. District Judge Paul Engelmayer in Manhattan on August 12. Kwon, who was extradited from Montenegro earlier this year, admitted to charges of conspiracy to defraud and wire fraud. Under a plea agreement with the Manhattan U.S. Attorney’s Office, prosecutors will not seek a sentence exceeding 12 years. Sentencing is scheduled for December 11. TerraUSD Collapse and Alleged Market Manipulation Kwon co-created TerraUSD, an algorithmic stablecoin designed to maintain a one-to-one peg with the U.S. dollar, alongside the Luna cryptocurrency. In May 2021, TerraUSD lost its peg, wiping out approximately $40 billion in market value. Prosecutors allege that Kwon misled investors by claiming that the “Terra Protocol” algorithm would restore the stablecoin’s value. Instead, they say he secretly enlisted a high-frequency trading firm to purchase large volumes of TerraUSD, artificially propping up its price. This intervention drove further investor confidence and boosted Luna’s valuation to around $50 billion by early 2022, before its eventual collapse. Multi-Jurisdiction Legal Battle The guilty plea follows a complex legal saga spanning multiple jurisdictions. After South Korea issued a warrant for his arrest in 2023, Kwon fled the country, eventually being detained in Montenegro for using falsified travel documents. He was later extradited to the United States to face a nine-count indictment, which included securities fraud, commodities fraud, and money laundering conspiracy. Initially pleading not guilty in January, Kwon reversed his position as part of a negotiated settlement. In addition to the criminal case, he faces significant civil penalties, including an $80 million fine and a ban on participating in cryptocurrency transactions, under a $4.55 billion settlement with the U.S. Securities and Exchange Commission. Regulatory Message Todd Snyder, appointed to oversee Terraform Labs’ liquidation, described the plea as a critical step in reinforcing accountability within the digital asset industry. The case is among the most prominent prosecutions stemming from a cryptocurrency failure, underscoring heightened regulatory scrutiny of the sector. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

13 Aug 2025, 11:40

HashKey Capital Wallet: Massive $33.86M Ethereum Transfer Sparks Market Interest

BitcoinWorld HashKey Capital Wallet: Massive $33.86M Ethereum Transfer Sparks Market Interest The cryptocurrency world is abuzz with recent large-scale movements from a wallet believed to belong to HashKey Capital . Just hours ago, a significant Ethereum transfer caught the attention of market observers. This particular wallet moved 7,300 ETH, valued at a staggering $33.86 million, directly to Binance. Such substantial ETH movement often signals potential shifts in market dynamics, prompting many to wonder about the underlying intentions behind these transactions. What Triggered This Significant HashKey Capital Wallet Activity? According to blockchain analytics firm EmberCN on X, the latest transaction involved a wallet strongly suspected of being linked to HashKey Capital . This single transfer of 7,300 ETH to Binance occurred approximately two hours before the reports surfaced. It represents a considerable sum, making it a focal point for those tracking large digital asset movements. These kinds of large transfers are not uncommon in the crypto space. However, when tied to known entities like investment firms, they draw extra scrutiny. Investors and analysts often monitor such transactions closely to gauge potential market sentiment or strategic shifts by major players. Understanding the Broader Ethereum Transfer Trend The recent deposit to Binance is not an isolated event for this wallet. Since July 28, this same address has initiated a series of substantial Ethereum transfers . In total, it has sent 31,300 ETH to various exchanges, including Binance, OKX, and Galaxy Digital. Let’s break down the cumulative activity: Total ETH Transferred: 31,300 ETH Cumulative Value: Approximately $124 million Average Transfer Price: Around $3,966 per ETH Recipient Exchanges: Binance, OKX, and Galaxy Digital This consistent pattern of ETH movement to multiple major exchanges suggests a strategic decision rather than an isolated incident. Understanding the destinations provides further clues about the purpose of these transactions. Why Does This ETH Movement Matter for the Market? When a wallet associated with a major investment firm like HashKey Capital executes such large Ethereum transfers , it naturally raises questions. These movements can have several implications: Liquidity Management: Funds might be moved to exchanges to increase liquidity, preparing for potential trading activities or portfolio rebalancing. Profit Taking: Given the substantial value, it could indicate profit-taking, especially if the ETH was acquired at lower prices. Strategic Deployment: The funds might be preparing for deployment into other assets or investment opportunities available on these platforms. Market Signal: While not always indicative of a bearish or bullish trend, large deposits to exchanges can sometimes precede selling pressure, especially if the intention is to liquidate holdings. The sheer scale of this crypto whale activity means it is worth monitoring for potential ripple effects across the Ethereum ecosystem and broader crypto market. What’s Next for HashKey Capital Wallet Activity? The continued ETH movement from this suspected HashKey Capital wallet warrants ongoing observation. Traders and investors will be watching for follow-up actions, such as large sell orders or further transfers. While the exact motives remain unconfirmed, the pattern of significant deposits to multiple exchanges points towards a calculated strategy. Keeping an eye on blockchain analytics tools and reputable crypto news sources will be crucial for understanding the full scope and impact of these large-scale digital asset transactions. Such transparency in blockchain activity provides valuable, albeit sometimes ambiguous, insights into the strategies of major market participants. In conclusion, the recent Ethereum transfer of $33.86 million to Binance, part of a larger $124 million cumulative ETH movement from a suspected HashKey Capital wallet , underscores the dynamic nature of the crypto market. These significant digital asset transactions highlight the importance of tracking major player activities. Whether these movements are for liquidity, profit-taking, or strategic re-allocation, they undoubtedly contribute to the ongoing narrative of market sentiment and future trends. Staying informed about such large-scale transfers helps investors better navigate the volatile cryptocurrency landscape. Frequently Asked Questions (FAQs) 1. What is the recent significant Ethereum transfer involving HashKey Capital? A wallet suspected to belong to HashKey Capital recently transferred 7,300 ETH, valued at $33.86 million, to Binance. 2. How much ETH has this wallet moved in total recently? Since July 28, the wallet has moved a total of 31,300 ETH, worth approximately $124 million, to various exchanges including Binance, OKX, and Galaxy Digital. 3. Why are large ETH movements from institutional wallets important? Large movements, especially from entities like HashKey Capital, can signal strategic decisions such as liquidity management, profit-taking, or preparing for new investments, potentially influencing market sentiment. 4. Does this ETH movement imply a specific market trend? While large deposits to exchanges can sometimes precede selling pressure, the exact implications are not always clear. These movements could also be for portfolio rebalancing or other strategic purposes. 5. Who reported this HashKey Capital wallet activity? The information regarding this significant Ethereum transfer was reported by blockchain analytics firm EmberCN on X. Found this analysis of the HashKey Capital wallet activity insightful? Share this article with your network on social media to keep others informed about significant Ethereum transfers and their potential market impact! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post HashKey Capital Wallet: Massive $33.86M Ethereum Transfer Sparks Market Interest first appeared on BitcoinWorld and is written by Editorial Team

13 Aug 2025, 11:40

eToro reports crypto revenue growth to $1.9 billion in Q2 2025

Israel-based financial services firm eToro reported a 54% jump in assets under management, reaching $17.5 billion, alongside strong growth in funded accounts during the second fiscal quarter. This surge has significantly boosted the company’s total annual earnings. Adjusted EBITDA rose 31% year-over-year to $72 million, driven by higher revenue and disciplined expense management. Analysts attributed these gains to both increased overall revenue and careful operational cost control. The cryptocurrency sector was a major contributor to this success, accounting for roughly $1.9 billion of eToro’s annual revenue and adding $300 million to its top line. eToro adopts a new strategy for its daily operations Building on its recent success, eToro announced plans to explore innovative approaches to enhance its products and services while creating a user-friendly investing environment. Among its strategies, the platform introduced 24/5 trading for 100 U.S. stocks and aims to expand its crypto offerings, including investments in digital assets and tokenized securities such as ETFs and futures. eToro expects these initiatives to drive continuous revenue growth in the second quarter. The company expressed satisfaction with its current performance and highlighted plans to allocate substantial resources to AI, citing growing demand for technology-driven solutions. One of the company representatives noted that eToro’s mission is to open new market opportunities while improving user experience. The Israel-based financial services company, founded in 2007, filed for IPO in May and went public in the US. During its first trading day, eToro raised around $620 million on the Nasdaq while the price of its ETOR shares escalated rapidly. This resulted in an increase in its valuation to around $6 billion. eToro provides more trading options for its users Concerning the announcement to launch tokenized digital securities, ETFs, and futures, Yoni Assia, the CEO of eToro, said that regulatory updates were the major factor behind this launch. He said, “We have always believed in a future where everything is tokenized.” Based on his argument, Blockchain technology is essential to achieve this, as it can transfer large sums of wealth as traditional assets undergo tokenization before being introduced in this system. The CEO further pointed out a few examples of these new regulations, including MiCA in Europe and the GENIUS Act in the US, which are game-changers in the digital assets ecosystem. eToro’s announcement sparks hope among investors as they can now use tokenized US stocks, such as those available on the New York Stock Exchange and Nasdaq, using the ERC-20 tokens available on the Ethereum blockchain system in their daily trading activities. Moreover, the firm has partnered with the CME Group to provide more reliable trading choices for tokenized futures. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More