HACKER STEALS $340M IN CRYPTO, RETURNS MOST OF IT
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
A hacker executed one of the largest cryptocurrency thefts on record, stealing $340 million before returning the majority of the funds. The incident raises questions about the attacker's motives and security vulnerabilities in crypto platforms.
■ MORE FROM THE CRYPTO DESK
Stablecoin issuer Circle is acquiring Singapore-based cross-border payments company Tazapay for $400 million in stock, marking one of Circle's largest publicly disclosed acquisitions.
Blockstream's Liquid Network stopped processing new transactions after approximately 4,000 of its 4,200 bitcoin holdings were withdrawn from its federation wallet. The company attributes the incident to "purported white-hat hackers."
Treasury Secretary Scott Bessent's strategy to position stablecoin companies as major buyers of US government debt faces headwinds as the sector contracts. The retreat complicates hopes for new sources of Treasury funding.
AMC Entertainment CEO Adam Aron criticized Robinhood Markets for launching a tokenized version of AMC stock, calling it a "quasi-fake market." The move reignites tensions over synthetic equities as Wall Street advances toward 24/7 trading.