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LINK $13.26 +8.59%
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AAVE $133.37 -0.67%
SUI $0.8104 +1.99%
XLM $0.1898 +2.34%
ZEC $1,180.40 +1.34%
BTC $79,459.67 -0.44%
ETH $2,490.56 -0.20%
BNB $744.74 -1.42%
XRP $1.40 -0.82%
SOL $104.60 -0.46%
TRX $0.3363 +0.89%
DOGE $0.0897 -0.92%
ADA $0.2180 -0.01%
BCH $255.88 -1.62%
LINK $13.26 +8.59%
HYPE $86.57 +0.02%
AAVE $133.37 -0.67%
SUI $0.8104 +1.99%
XLM $0.1898 +2.34%
ZEC $1,180.40 +1.34%

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Galaxy Research: Coldcard attackers continue to transfer funds, approximately 45% of the stolen assets have entered mixing or cross-chain pathways

Galaxy Research published that the attackers in the Coldcard "Wave 3" attack are still continuously transferring the stolen funds. During this phase, the attackers created 293 2-of-2 multi-signature wallets for each victim's assets. The first batch of funds was transferred across chains to Ethereum via THORChain; the latest round of transfers has begun entering the CoinJoin mixing process.Currently, the Wave 3 attackers are processing the largest amounts of stolen funds in order of the stolen amount, having sequentially transferred the funds from wallets ranked 1 to 11. The next 10 wallets that have not yet been transferred hold a total of 30.81 BTC, while wallets ranked 61 to 293 hold a total of 33.77 BTC. So far, the attackers have transferred about 45% of the stolen assets from this exploit, with funds flowing to Ethereum (via THORChain) or entering CoinJoin mixing transactions. Additionally, this fund transfer has revealed a previously unknown wallet: 58 addresses jointly spent in a 2-of-2 multi-signature format identical to that of Wave 3, and these were further transferred by the Wave 3 attackers to a jump address that funds CoinJoin.The on-chain analysis team currently marks this wallet as "cause = open," but believes it likely also belongs to Coldcard victims, which means the number of wallets involved in Wave 3 may increase to 294, raising the previously reported total amount stolen from the Coldcard vulnerability to approximately 1806 BTC. Currently, about 82% of the stolen BTC remains in addresses initially controlled by the attackers, while about 18% has been transferred, with the flow of funds indicating that it may be undergoing laundering processes.

first_img Analysis: Japan's government bond yields hit a 30-year high, while Bitcoin is trading sideways at $78,000

According to Cointelegraph, the global bond bear market continues to ferment, with Japan's 10-year government bond yield rising to 3% on Tuesday, the first time since 1996; the 30-year government bond yield also broke through the historical high of 4.18%. The U.S. 10-year government bond yield simultaneously rose to a multi-year high of 4.78%, and global long-term sovereign bond yields are at their highest level since the 2008 financial crisis.In this context, Bitcoin remains in a sideways consolidation, maintaining around $78,000, slightly retreating from an earlier high of nearly $79,000. There is a dense resistance area between the current spot price and $86,000, which limits Bitcoin's upward momentum. Market sentiment remains cautiously optimistic in the short term, with the $76,000 to $82,000 range seen as a key battleground in the coming weeks.This round of selling occurred after U.S. Treasury Secretary Yellen announced an increase in the upper limit of government bond repurchase transactions to $4 billion starting in September, with some commentators likening it to a form of yield curve control. Arthur Hayes has long argued that the Federal Reserve will eventually activate the FIMA repo facility, a mechanism that will create new dollar liquidity, which is also why he recommends allocating Bitcoin, gold, and cryptocurrencies; Yellen hinted at the future use of this tool as early as August.

first_img RockawayX acquires cryptocurrency hedge fund Relayer Capital to expand its business in the United States

Cryptocurrency investment firm RockawayX announced the acquisition of the crypto hedge fund Relayer Capital to incorporate long-short strategies into its existing platform and expand its business footprint in the United States. RockawayX manages approximately $2 billion in assets, and Relayer will be renamed RockawayX Liquid Opportunities Fund, focusing on uncovering "undervalued liquidity tokens and crypto-related stocks." After the acquisition is completed, Relayer founder Austin Barack will serve as the chief investment officer of the fund, with Forbes citing informed sources that the company plans to raise $150 million for the fund.According to the announcement, Relayer's liquidity strategy has achieved approximately 70% net returns this year, outperforming a weighted basket of Bitcoin, Ethereum, and Solana by 86% as of August 21. The strategy expresses fundamental views on crypto tokens through long and short positions and pairs trading, while reducing overall market exposure at appropriate times. RockawayX CEO Viktor Fischer stated that now is the "right time" to implement this strategy, as there are crypto companies with real revenue and strong fundamentals emerging in the market, but inefficiencies and mispricing still exist, providing good opportunities for active investors.This transaction occurs amid a recent rebound in the crypto market, with Bitcoin recording its largest weekly dollar gain in history last week, dropping 1.68% to $79,064 in the past 24 hours after briefly reaching a high of around $81,000.
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