Tag: cryptocurrency

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How Crypto Exchange Upbit Got Robbed Again – Six Years Later, Same Date

Upbit, South Korea’s dominant cryptocurrency exchange, suffered unauthorized withdrawals totaling approximately $36. 9 million (54 billion won) early Thursday morning, marking the second time the platform has been breached on November 27. The exchange detected unusual activity at 4: 42 a. m. local time when Solana-linked assets moved to an unidentified wallet address. Dunamu CEO Oh Kyung-seok disclosed the breach during a press conference at 12: 33 p. m., just hours after the company had announced its merger with Naver Financial. Upbit’s Six-Year Anniversary of $50 Million Ethereum TheftThe timing raised immediate concerns among security analysts. Exactly six years earlier, on November 27, 2019, Upbit lost 342, 000 Ethereum tokens worth approximately $50 million in what authorities later confirmed was an attack by North Korean hacking groups Lazarus and Andariel. At the time of that theft, Ethereum traded around $146 to $149 per coin, putting the haul at roughly 58 billion won. The 2019 stolen Ethereum would be worth significantly more today approximately $1. 04 billion at current prices. South Korean investigators eventually determined that the attackers converted 57% of the stolen funds through three cryptocurrency exchanges they controlled, while laundering the remainder through 51 exchanges across 13 countries. Upbit(@Official_Upbit) has been hacked 54B KRW (~36. 8M USD) in assets on #Solana have been transferred to unknown wallets. pic. twitter. com/DM5BxSTtXA- Lookonchain (@lookonchain) November 27, 2025Cryptocurrency exchanges generally face a difficult environment. More than two years ago, the exchange reported that in just the first half of 2023, there were 159, 000 attempted hacks against its systems. Its proximity to North Korea and the presence of the Lazarus hacking group in the region add to the risks. Since the start of this year, cybercriminals from communist North Korea are estimated to have stolen more than 2 billion dollars’ worth of cryptocurrencies. Hot Wallet Compromise Triggers Platform FreezeThursday’s breach affected multiple Solana-based tokens including SOL, USDC, BONK, JUP, RAY, RENDER, ORCA, and PYTH. The company confirmed the intrusion was limited to hot wallet storage, with cold wallet reserves remaining secure. Upbit immediately moved remaining assets into cold storage and suspended all deposit and withdrawal services across the platform as a precautionary measure.”We will fully cover the loss with Upbit’s own assets so that customers are not affected in any way,” the company stated, assuring users no action would be required to recover their funds. Trading continues to function normally on the platform, though users cannot move assets on or off the exchange during the ongoing security review. Breach Comes Day After $10 Billion Naver DealThe hack arrived at a delicate moment for Dunamu. Just one day earlier, the company finalized a $10. 3 billion stock-swap merger with Naver Financial, creating one of South Korea’s largest digital finance entities. Under the agreement, Naver Financial will issue 87. 5 million new shares at a 1: 2. 54 ratio, making Dunamu a wholly owned subsidiary. South Korean financial authorities have launched on-site inspections to assess the situation. The repeated breach on the same calendar date, combined with North Korean involvement in the previous attack, has sparked speculation about the perpetrators behind the latest incident. This article was written by Damian Chmiel at www. financemagnates. com.

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Legendary Commodity Trader Predicts XRP Will Do ‘Quite Well’

The post Legendary Commodity Trader Predicts XRP Will Do ‘Quite Well’ appeared com. No ETF-fueled rally Will the bulls be back in the driver’s seat? Legendary commodity trader Peter Brandt has predicted that XRP could do “quite well” in the months to come. Even though Brandt did not explicitly mention the Ripple-affiliated token, some sleuths were quick to figure out what specific chart he was referring to. I see the XRP chart there Peter 👀 Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) November 27, 2025 XRP is currently trading at $2. 20, according to the most recent data provided by CoinGecko. No ETF-fueled rally So far, the Ripple-linked token has been struggling to revive its momentum even during the ongoing ETF hype. As reported by U. Today, Canary Capital, as well as some other issuers, recently had successful XRP launches. However, the token’s price action has been rather underwhelming due to the performance of the broader cryptocurrency market. Will the bulls be back in the driver’s seat? Now, it seems like the bulls might find themselves back in the driver’s seat, with Bitcoin reclaiming $91,000 and lifting other tokens, including XRP. Brandt’s pattern shows that the dominant pattern on the chart is a large symmetrical triangle formed over several years. The price action clearly shows a bullish breakout from this triangle pattern. After the initial impulsive breakout, the price is currently consolidating in a tight range near the highs. This specific formation looks like a bull flag, which is considered to be a bullish continuation pattern. The XRP price is so far down nearly 40% from its all-time high, which was logged on July 18. Source:.

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Bitcoin News: Bitcoin ETF Exodus: $3.5B Flee – Crash Incoming?

The post Bitcoin News: Bitcoin ETF Exodus: $3. 5B Flee Crash Incoming? appeared com. In November, with an unprecedented level of fear, Bitcoin ETFs lost a total of $3. 5B. Price tests critical $86K support. Will institutional panic lead to a deeper crash? Bitcoin ETFs experienced the highest outflows in November of $3. 57 billion. Bitcoin ETFs 12 recorded net outflows in the week alone of $22. 45 million. According to SoSoValue data, the three weeks of withdrawals show more than 1. 1 billion in the past three weeks. The theatrical twist is the opposite of the preceding performance. In September and October, inflows of $3. 53 bn and $3. 42 bn were experienced. Institutional investors have now assumed a defensive stance as economic uncertainties continue to rise. The i Macro Headwinds Trigger Institutional Flight The exodus is driven by the growing concerns over the American tariffs on key economies. China is still a battleground in the trade conflicts. Prospects of a reduction in Federal Reserve rates in December are rapidly disappearing. The U. S. dollar appreciates against key currencies. This further strains Bitcoin valuations. Institutional portfolios minimize risks in fluctuating asset classes. me The Fear and Greed Index is 15. Market psychology is being completely led by extreme fear, which has prevailed since mid-November. According to Alternative. me data, the index decreased by 51 in the last month. The reading reached 20 and began to drop. During intense fear, investors normally back out. Greater sentiment indicators validate falling confidence within crypto markets. Capital flows imply wait-and-see policies by institutional investors. You might also like: Bitcoin News: Legendary Trader Sounds Alarm on Bitcoin Collapse Death Cross Pattern Emerges.

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Did Bitcoin Bottom at $80K? Whale Activity Suggests More Pain Possible

The post Did Bitcoin Bottom at $80K? Whale Activity Suggests More Pacom. Home » Crypto News Whales with 1, 000+ BTC are still selling, while mid-sized wallets (10-1, 000 BTC) quietly accumulated the dip. ‘; } function loadTrinityPlayer(targetWrapper, theme, extras=””) { cleanupPlayer(targetWrapper); // Always clean first ✅ targetWrapper. classList. add(‘played’); // Create script const scriptEl = document. createElement(“script”); scriptEl. setAttribute(“fetchpriority”, “high”); scriptEl. setAttribute(“charset”, “UTF-8”); const scriptURL = new URL(`{theme}${extras}`); scriptURL. searchParams. set(“pageURL”, window. location. href); scriptEl. src = scriptURL. toString; // Insert player const placeholder = targetWrapper. querySelector(“. add-before-this”); placeholder. parentNode. insertBefore(scriptEl, placeholder. nextSibling); } function getTheme { return document. body. classList. contains(“dark”) ? “dark” : “light”; } // Initial Load for Desktop if (window. innerWidth > 768) { const desktopBtn = document. getElementById(“desktopPlayBtn”); if (desktopBtn) { desktopBtn. addEventListener(“click”, function { const desktopWrapper = document. querySelector(“. desktop-player-wrapper. trinity-player-iframe-wrapper”); if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme,’&autoplay=1′); }); } } // Mobile Button Click const mobileBtn = document. getElementById(“mobilePlayBtn”); if (mobileBtn) { mobileBtn. addEventListener(“click”, function { const mobileWrapper = document. querySelector(“. mobile-player-wrapper. trinity-player-iframe-wrapper”); if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme,’&autoplay=1′); }); } function reInitButton(container, html){ container. innerHTML = ” + html; } // Theme switcher const destroyButton = document. getElementById(“checkbox”); if (destroyButton) { destroyButton. addEventListener(“click”, => { setTimeout( => { const theme = getTheme; if (window. innerWidth > 768) { const desktopWrapper = document. querySelector(“. desktop-player-wrapper. trinity-player-iframe-wrapper”); if(desktopWrapper. classList. contains(‘played’)){ loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1′); }else{ reInitButton(desktopWrapper,’Listen‘) const desktopBtn = document. getElementById(“desktopPlayBtn”); if (desktopBtn) { desktopBtn. addEventListener(“click”, function { const desktopWrapper = document. querySelector(“. desktop-player-wrapper. trinity-player-iframe-wrapper”); if (desktopWrapper) loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1’); }); } } } else { const mobileWrapper = document. querySelector(“. mobile-player-wrapper. trinity-player-iframe-wrapper”); if(mobileWrapper. classList. contains(‘played’)){ loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′); }else{ const mobileBtn = document. getElementById(“mobilePlayBtn”); if (mobileBtn) { mobileBtn. addEventListener(“click”, function { const mobileWrapper = document. querySelector(“. mobile-player-wrapper. trinity-player-iframe-wrapper”); if (mobileWrapper) loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′); }); } } } }, 100); }); } }); Summarize with AI Summarize with AI Bitcoin (BTC) slipped to around $79,500 in mid-November after an 11-day slide from roughly $106,000, according to data from CryptoQuant, but a sharp bounce toward $88,000 has traders debating whether the market has just printed a local bottom. The rebound comes.

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Bitcoin (BTC) Price: BTC Rebounds From $84.5K Lows After Facing Resistance at $88K-$90K Range

TLDR Bitcoin is trading near $86,000 after facing resistance at the $88,000-$90,000 range and rebounding from weekend lows around $84,500. Arthur Hayes predicts Bitcoin could test the low $80,000s but expects the $80,000 level to hold as strong support. The Federal Reserve will end quantitative tightening on December 1, which should improve dollar liquidity conditions [.] The post Bitcoin (BTC) Price: BTC Rebounds From $84. 5K Lows After Facing Resistance at $88K-$90K Range appeared first on Blockonomi.

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Strategy ramps up capital mix shift as Bitcoin-focused funding model expands

The post Strategy ramps up capital mix shift as Bitcoin-focused funding model expands appeared com. The company used common equity, preferred equity, and convertible debt this year. Preferred equity became a major part of the 2025 structure. Structured offerings included STRF, STRC, STRE, STRK, and STRD. Strategy has entered 2025 with a funding approach that looks markedly different from its previous cycle, using a wider mix of securities to accelerate its capital inflows. The company confirmed that it has raised $20. 8 billion year-to-date in 2025. The pace brings Strategy close to its entire 2024 total despite being recorded within a shorter period. The latest breakdown signals how the firm’s financing activity is now tightly linked to its position in the corporate Bitcoin market, where it remains one of the largest holders globally. New mix Company data showed that Strategy raised $20. 8 billion so far this year through a combination of common equity, preferred equity, and convertible debt. The largest component was $11. 9 billion in common equity, followed by $6. 9 billion in preferred equity and $2. 0 billion in convertible debt. The preferred equity portion marks a notable shift for Strategy. In 2024, the company relied on common equity and convertible debt, raising $16. 3 billion and $6. 2 billion, respectively. The absence of preferred equity at scale in the previous cycle makes the new mix stand out as a structural change rather than a one-off adjustment. The company also detailed activity across structured offerings. These included $1. 18 billion in STRF, $2. 68 billion in STRC, $0. 71 billion in STRE, $1. 25 billion in STRK, and $1. 07 billion in STRD. Each of these securities contributed to the overall capital formation that pushed the year’s total to $21 billion. Capital strategy The broader mix in 2025 indicates that Strategy is increasing its reliance on varied securities to support its plans linked to digital assets. Previous company statements have described Bitcoin as a.

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Crypto market rises from the dead, scoops up $100 billion in a day

The post Crypto market rises from the dead, scoops up $100 billion in a day appeared com. The cryptocurrency market has mounted a powerful comeback over the past 24 hours, reclaiming roughly $100 billion in value. This influx of capital pushed total market capitalization from $2. 85 trillion to $2. 95 trillion as of press time. The rebound follows a week of intense volatility and widespread concern that a deeper market unraveling could be underway. 30-day crypto market cap chart. The retreat, which came after its record run to $126,000 last month, heightened market anxiety and sparked talk of a potential trillion-dollar collapse. At the time of reporting, Bitcoin had gained 3. 42% to trade at $86,596. Ethereum (ETH) rose 4. 51% to $2, 835. 07, supported by renewed inflows after a muted start to the week. XRP delivered one of the strongest advances, climbing 7. 72% to $2. 04, while BNB added 3. 90% to reach $847. 07. Solana gained 4. 40%, lifting its price to $131. Top crypto gainers. S. monetary policy, with odds now tilting toward a possible Federal Reserve rate cut in December. Recent comments signaling openness to policy easing helped calm fears that resilient economic data would prolong tighter financial conditions. Analysts note that the recent downturn was intensified by tariff concerns, dollar strength, and widespread liquidations across leveraged positions. The cleanup flushed out excess froth from the market, creating conditions that may support a more constructive recovery if macro headwinds ease. On the other hand, technical readings added fuel to the rebound, with marketwide RSI levels plunging into extreme oversold territory. Bitcoin’s RSI briefly matched capitulation depths last seen during the FTX crisis, triggering contrarian buying as the asset defended key support around $80,600. With the market.

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