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Suspected North Korean Hackers Move Bitcoin Worth $140K From Forfeited Account

Suspected North Korean hackers on Monday moved 12 bitcoin, worth about $140,000, from one of 280 accounts the U.S. Department of Justice (DoJ) has targeted for seizure. The funds have been wired into an anonymous wallet, according to Whale Alert, a bot that tracks notable crypto transactions. “One of the inputs of this transaction has been listed by the U.S. government as forfeited. It is unclear who made the transaction,” Whale Alert tweeted, attaching a DoJ civil forfeiture complaint of August 27. In the complaint, the DoJ alleges that the accounts were used by the North Korean government to launder…

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Re-Mining Simulation Shows Satoshi Used a Single High-End PC to Mine 1.1M Bitcoin

Cryptocurrency advocates have been recently discussing the mysterious Bitcoin inventor Satoshi Nakamoto as the RSK’s chief scientist, Sergio Dermain Lerner, published a paper called “The Patoshi Mining Machine.” Essentially, Lerner simulated Satoshi’s mining experience. The findings estimate that Bitcoin’s creator used a single computer to mine an estimated 1 million bitcoin minted in the early days. Sergio Dermain Lerner is well known for publishing one of the first estimates backed by technical data in 2013 concerning Satoshi Nakamoto’s alleged stash of bitcoin. During the last seven years, Lerner has published a few more papers about this subject and it is…

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Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach

Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker’s wallet on Monday. The last time the Bitfinex hackers moved funds from the hack four years ago, they moved around $5 million worth of coins on June 24. This time around, the top crypto asset by market capitalization touched new price highs for 2020 on July 27. At 6:15 p.m. (ET) on Monday, bitcoin (BTC) reached $11,379 per coin on Bitfinex. The hackers moved the $28 million worth of BTC in various fractions six hours prior to the price high, according to statistics from…

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Bitcoin Analytics Firm Finds a Clue to Zero In On Twitter Hackers

An active Bitcoin [BTC] malware scam adds two payments of 0.99 and 2.99 BTC taking the total to 7.514 BTC. This amount is about half of what Twitter hackers earned by hacking 36 notable Twitter accounts. Analytics firm reveals new details of the scam cash-out address in Twitter Hack. Malware is a program that runs on a system to exploit the resources of its owner. The programs are installed via downloading or even opening e-mails, through certain websites or infected USD drives. The programs can now infect the system via cryptojacking (unauthorized mining), blocking the PC entirely (ransomware) or modifying or…

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New Satoshi Stash Estimate Claims Creator Mined $10.5B Worth of Bitcoin

On Monday, the blockchain trackers and researchers from Whale Alert published a new research report about the infamous fortune allegedly owned by Satoshi Nakamoto. Researchers estimate that Bitcoin’s creator possibly mined coins up to block 54,316, capturing 1,125,150 BTC or $10.5 billion using today’s exchange rates. For years now armchair sleuths and researchers have tried to estimate how many bitcoins Nakamoto owns and many people leveraged mining patterns. One of the most popular theories about Satoshi Nakamoto’s bitcoin (BTC) stash stems from RSK Labs chief scientist Sergio Demián Lerner. The RSK Labs engineer is famous for his Patoshi pattern study…

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Whale Alert Says Bitcoin Creator Satoshi Nakamoto Mined 1 Million BTC

Whale alert says that according to their latest reports, the anonymous Bitcoin creator Satoshi Nakamoto mined about 1,125,150 BTC which are now worth about $10.9 billion. The researchers in a Medium post the researches described how Satoshi continued mining with the same rig since 2010, so let’s read more about it in the latest Bitcoin news. Whale Alert says that their findings were gathered with the help of Sergio Demian Lerner’s 2013 “extra nonce” technique which claims Satoshi had a stash of about 1 million BTC referring to the possible Satoshi mining as the Patoshi pattern. The researchers identified multiple…

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