Cyber-related criminal activity has been a highly recurring theme in the cryptocurrency market, with international imperatives on
security tightening. Notably, cyber-criminals have reportedly converted stolen assets into Bitcoin, illustrated by a
cyber-attack on Phemex leading to a $69M theft, and
North Korean hackers executing a $308M Bitcoin heist; both exemplifying the dire need for robust cybersecurity. The
SEC has responded by creating a
New Cyber Unit, closing a chapter on its previous enforcement emphasis and redeploying the cyber unit to overhaul crypto enforcement. A striking example of its work: a dark web crypto laundering kingpin was sentenced to 12.5 years in prison. In response to these threats,
Fireblocks introduced cybersecurity tools compliant with Europe's DORA rules, and an AI-driven Blockchain trading platform by
Cyber AI emerged. However, the
meme-coin trend, characterized by Donald Trump's recent offering, received criticism for undermining the crypto world's legitimacy. Meanwhile,
MicroStrategy's Michael Saylor validates bitcoin as a 'cyber Manhattan', implying a high-return investment even for late entries. With the intensification of cyberattacks, some argue that
blockchain can help eliminate cybercrime threats.
CYBER Coin News Analytics from Fri, 22 Dec 2017 08:00:00 GMT to Sat, 12 Apr 2025 04:30:19 GMT -
Rating -3
- Innovation -7
- Information 5
- Rumor 2
