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Korean funeral services company lost $33 million of its customers' money over a bad crypto bet β€” firm was secretly investing client funds into leveraged crypto ETFs

Bumo Sarang, a funeral services company in Korea, lost $33 million after it invested $40 million of its own customers' money into a leveraged crypto ETF. These funds were meant for prepaid funeral services, but the company exploited loopholes to siphon them into creative investments. Unfortunately, almost half of the industry in involved in similar practices.

Physical attacks against crypto holders, including kidnap and assault, up 75% in 2025 β€” 72 confirmed incidents see $41 million lost, real number likely higher

Large cryptocurrency holders are increasingly being targeted by criminals as large wallets are traced back to their owners. Because of this, many firms and individuals are now investing in physical security and bodyguards, with some having details that rival those of high-level executives working at major banks.

British cryptographer Adam Back is the secret creator of Bitcoin, claims new report β€” Back refutes investigation, says parallels to Satoshi are just a coincidence

The hunt for Satoshi Nakamoto has circled back to a likely candidate, Adam Back, thanks to a New York Times article that draws striking parallels between the two. Back denies being Satoshi, saying it's all just a coincidence and confirmation bias on behalf of the reporter. The 40-page-long investigation goes over decades of evidence to try to prove otherwise.

FBI arrests crypto thief accused of stealing $46 million from seized government wallets β€” Suspect's father was allegedly contractor for the US Marshals

John Daghita, the lead suspect in a major crypto theft worth $46 million has been arrested by the FBI, together with French authorities. Daghita allegedly siphoned funds from government-controlled wallets to his own, abusing the access his father's firm held because of a federal contract with the U.S. Marshals.

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