The world of cryptocurrency is still alive, but over the past weeks, it has been seeing a massive struggle in getting everything to see a rally, with the previous major happenings in the industry centering on negative events. First off, the FBI has released a new warning regarding North Korean hackers, particularly with their current stolen assets close to being cashed out.
Boread Ape also made it to headlines earlier this August, centering on the lawsuit against them and adding Sotheby's to its defendant list, and on the other hand, there is Sam Bankman-Fried who is already sentenced to jail time.
FBI Warns of North Korean Hackers Cashing Out Stolen Crypto
(Photo : Tech Times)
Back in late August, the US Federal Bureau of Investigation (FBI) has warned cryptocurrency firms about the possible massive cash out from North Korean hackers regarding its crypto assets. These stolen goods are attributed to the hackers known to be part of the Lazarus Group, APT38, and "TraderTraitor."
According to the FBI, it was tracking as much as 1,580 Bitcoin from these threat actors, spread out across six different crypto wallets over the past 24 hours. This amounts to as much as $40 million, gathered from various "crypto heists" that the groups undertook.
The federal authorities also published the addresses that are possibly linked to these threat actors:
- 3LU8wRu4ZnXP4UM8Yo6kkTiGHM9BubgyiG
- 39idqitN9tYNmq3wYanwg3MitFB5TZCjWu
- 3AAUBbKJorvNhEUFhKnep9YTwmZECxE4Nk
- 3PjNaSeP8GzLjGeu51JR19Q2Lu8W2Te9oc
- 3NbdrezMzAVVfXv5MTQJn4hWqKhYCTCJoB
- 34VXKa5upLWVYMXmgid6bFM4BaQXHxSUoL
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Bored Ape Lawsuit: Sotheby's Added to Defendants
The Bored Ape lawsuit centers on the public's complaint against the company behind them, Yuga Labs, for their false advertisements, but this adds another entity to face the complaints, with Sotheby's Auction joining the defendants' list. Sotheby's is best known for being one of the channels where Bored Ape NFTs were sold, and it was also allegedly part of deceiving its customers.
Sotheby's misleading claims were "rooted in deception" reads the suit, with the company claiming that a "traditional collector" has joined in on the NFT craze, but it was revealed that this was allegedly FTX.
The class-action lawsuit is now focused on prosecuting Bored Ape, Sotheby's, and other entities linked to raising the prices of the NFT, one that saw a massive drop over the past years.
Sam Bankman-Fried is Going to Jail
In a massive decision by the courts in the FTX lawsuit against its former CEO and founder, Sam Bankman-Fried, the controversial executive is now set to face jail. This was because of the many breaches in his bail agreement, one where he was granted the provision to stay on house arrest.
However, on several occasions, Bankman-Fried has violated this bail provision, with his most notorious action centering on allegedly harassing witnesses.
There were also reports on SBF's previous violation of his bail by using mobile smartphones, and it was previously brought up in court with the judge asking the disgraced executive that he is only allowed a flip phone.
During the course of his court proceedings, Bankman-Fried will spend if behind bars from here on out.
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