An Armenian hacker admitted to running a Ryuk ransomware scheme that extorted over $15 million in bitcoin from U.S. companies by encrypting data and demanding cryptocurrency payments for decryption keys. The attacks, conducted from late 2019 to early 2020, disrupted hundreds of corporate systems, including a Michigan firm that paid 200 bitcoin (over $1.1 million) to regain access. The hacker pleaded guilty to conspiracy and computer fraud charges and faces sentencing in September 2026, with restitution of $1.1 million required. The case highlights ongoing risks of ransomware attacks demanding cryptocurrency ransoms and coordinated law enforcement efforts to combat cybercrime.
Zcash (ZEC) surged to $795.03, surpassing its 12-month high by 8.5%, driven by a strong uptrend confirmed by high trading volume of $2.53 billion, well above its 30-day average. The coin's market cap reached $13.38 billion, ranking it 11th among cryp...
Ethereum's price jumped 31% in a week, driven mainly by a massive 1,514% increase in short liquidations averaging $131 million weekly. This forced short covering boosted trading volumes and pushed network activity higher, with base fees up 189% and f...
Cryptocurrency markets rallied strongly this week, with Bitcoin climbing over 20% to nearly $80,000, driven by ETF inflows, improved liquidity, and a risk-on sentiment. Altcoins also performed well, especially Ethena (ENA) which surged over 100%, and...
BitMart, which announced plans to shut down its crypto exchange last month, is now considering a restructuring plan to keep the business running. The company is working with legal and financial advisors to potentially resume operations in phases whil...
Bitcoin surged past the Short-Term Holder Realized Price of $67,000-$69,000 for the first time since May, signaling a potential shift in market momentum. The Long-Term Holder Realized Price remained steady near $49,200, indicating no major sell-off f...
