Crypting suppression? The FBI tracked $ 35 million in the stolen bitcoin currency

The application of federal law is concluded on a network of digital currency activity associated with one of the largest encryption speeds in history. Investigators follow more than $ 35 million in stolen bitcoin connected to BYBIT 2025 – a $ 1.4 billion exploitation that shook the global encryption market.

Digital track led agencies to ParasiticExchanging encryption accused of money laundering on behalf of North Korea, notorious Lazaros Group. The FBI, in addition to the international electronic crime units, coordinates a transatlantic operation to investigate the exchange and restore stolen assets.

The exchange is turned around in the pressure

In a statement on April 17, EXCR announced that it will stop operations on May 1, noting what was called the hostile organizational environment and intelligence operations targeting its leadership. The stock market admitted to processing part of the hacked money, although it described the amount as “unimportant”.

“They have stood up before,” I wrote Excr, “but the work under the direct Sigint [Signals Intelligence] The pressure is not sustainable. “

Security analysts say the exchange was likely to be under the supervision of weeks before the closure notice. The Blockchain follower informed the suspicious bitcoin flows associated with BYBIT, which eventually helped the authorities track some stolen money to Excr.

“This indicates the extent of the transparency of encryption,” said one of the Blockchain investigators. “If you transfer dirty money on the chain, we will find it.”

The repercussions of a penetration bybit are still revealing

Send a penetration bybit shock waves via encryption space. Immediately after this, users withdrew more than $ 5 billion from the platform, for fear of more violations. While Bybit assured customers that it could absorb losses, the company later closed the parts of the Web3 section and closed the NFT market.

As of March 20, approximately 89 % of the stolen assets have been trackedThanks to a part of a $ 2 million bonus program launched by bybit. This effort rewards the symbols that helped freeze the distinctive symbols before they are washed through a smaller exchange or converted to Fiat.

Bybit has since regained its share in the market before hunting, and has regained nearly 7 % of the global encryption volume by April 10.

Related to: The cost of encryption: How the city of calm fingers became zero in a national energy battle

Federal Reserve Bank reduces the position of overseeing encryption

While enforcement efforts are intensified, there may be an organizational relief in the future. Speaking at the Economic Club in Chicago, Chairman of the Federal Reserve Jerome Powell The aforementioned organizers can adopt a more open approach to digital assets in the near future.

“We have taken a conservative position, especially after the wave of failures and fraud,” Powell said. “But we are entering a new stage.”

Powell pointed to the interest of the two parties in the organization StablecoinsThis indicates that Congress may soon be reviewed in a legal framework that stopped in previous sessions. He said that any new policy must balance innovation with risk controls, especially since encryption becomes more intertwined with the traditional banking system.

“The climate is changing,” Powell pointed out. “You see digital assets move to the main current.”

To learn more about how federal agencies deal with digital fraud, read our report on The New Tax Authority targeting the elderly.

Market movements: Whales turned $ 130 million in BTC

Just as the organizers and law enforcement increased, Blockchain analysts monitored Two huge bitcoin transfer operations to Coinbase On April 17 – it reached more than 130 million dollars. The transactions, which occurred within minutes of each other, arose from the same unknown wallet.

Analysts suspect that the moves came from one “whale”-an investor or a large-scale institution-may be preparing to reset the market position. These transfers often indicate either an imminent sale or liquidity that is made before the main news.

Despite volatility, Bitcoin continues to hover near 85,000 dollars Mark, the unexpected flexibility appears. But merchants remain divided: Is the next step up, or will the correction come?

Final meals

The encryption world faces a turning point – where law enforcement, organizers and major investors are reshaping the industry simultaneously. With the FBI is chasing billions in stolen boxesThe Federal Reserve opens the door for policy reform, bold move whales, and pressure rises in all fields.

Stay with us to get updates with the development of the situation.

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