UK crypto heist: convictions and self-custody risk
A heist of more than 4.3 million in cryptocurrencies in the UK calls into question the security of self-custody and the risks of the human factor.
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581 PostsA heist of more than 4.3 million in cryptocurrencies in the UK calls into question the security of self-custody and the risks of the human factor.
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In a sign of systemic stress, digital asset treasury (DAT) companies such as FG Nexus and ETHZilla liquidate millions of Ethereum to buy back shares at a steep discount to NAV.
Andrew Tate was completely liquidated on Hyperliquid, losing over $800,000 in just a few months. On-chain data show a 35% success rate and continuous losses on BTC, WLFI and other tokens.
Bitcoin fell sharply to $93,000, triggering liquidations of $510M in 24 hours and wiping out all gains for the year. The Fear and Greed index dropped to 10, signalling panic among traders.
Arthur Hayes, former CEO of BitMEX, urged Zcash (ZEC) holders to withdraw their coins from exchanges and move them to shielded addresses, revealing that ZEC is now his second largest position.
The price of XRP falls 7 per cent on the eve of the launch of the first US spot ETF managed by Canary Capital, as traders weigh hype, deleveraging and the risk of the classic 'sell the news'.
Tether moves like a sovereign wealth fund: it hires traders from HSBC and accumulates billions in physical gold. The strategy, which mirrors the behaviour of central banks, marks a break from dependence on the US dollar.

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