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Crypto & Web3CoinDesk ·

Scammer loses nearly $5 million in bitcoin after Ledger hardware wallet spy-chip exploit

A fraudster who lured victims through fake online job offers has become one of the largest casualties of a compromised Ledger hardware wallet exploit. Blockchain analytics firm Chainalysis reports that the scammer lost almost $5 million worth of bitcoin. The incident involves hardware wallets that were reportedly compromised with spy chips. The report highlights the irony of a scammer falling victim to the same type of security breach they may have been exploiting.

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Crypto & Web3CoinDesk ·

US judge refuses to void Gemini's $5M settlement despite CFTC support

A U.S. judge has declined Gemini's request to undo its $5 million settlement, even though the Commodity Futures Trading Commission backed the exchange's bid. Gemini had already paid the penalty under the 2025 agreement. The court will keep its order in place along with the restrictions that came with the settlement. The CFTC argued that the case should never have been brought in the first place.

Bitcoin’s low volatility doesn’t necessarily mean low risk · ShortSingh