Irish crime gangs are storing crypto seed phrases in rented vaults: report

Organized crime groups in Ireland have been storing cryptocurrency private keys and seed phrases in rented vaults alongside cash and luxury goods as criminals spread their assets across different forms, according to the head of the countrys Criminal Assets Bureau.  The Sunday Independent reported that Detective Chief Superintendent Michael Gubbins, who heads the Criminal Assets Bureau, said investigators had encountered the practice during their own cases and had raised the issue with Irelands Anti-Money Laundering Steering Committee.  Gubbins said rented vaults can contain access credentials for cryptocurrency wallets alongside assets traditionally associated with criminal proceeds.  “Could be cryptocurrency keys or cash or watches or could even be passports,” he said. “Again, its from our experience, what we would have seen around those matters.”  Private keys allow users to authorize transactions from crypto wallets, while a seed phrase can be used to restore access to a wallet. Losing either can permanently prevent an owner from accessing funds, while someone who obtains them may be able to take control of the associated cryptocurrency.  Irish crime gangs are spreading assets across crypto and cash  Gubbins said criminal groups have turned to cryptocurrency partly to spread the risk of having their assets seized and because they believe digital assets provide

09-07انڈسٹری

Malone Lam set to plead guilty in $240 million Bitcoin theft case

Malone Lam, the alleged ringleader of a group accused of stealing more than $240 million in Bitcoin from a Washington, D.C., investor, has been set for a plea agreement hearing after 10 other defendants admitted guilt in the sprawling crypto theft case.  SummaryMalone Lam is set for a plea agreement hearing over the theft of more than 4,100 Bitcoin worth over $240 million from a Washington investor.Prosecutors said Lam and his associates used social engineering to obtain account access and security codes before moving the stolen crypto through multiple platforms.The group spent millions on luxury cars, private jets, mansions, watches and nightclubs before FBI arrests began in September 2024.Eighteen defendants have been charged in the case, with Lam set to become the 11th to plead guilty and potentially facing at least 14 years in prison.  The Associated Press reported that the 22-year-old Singaporean is scheduled to appear in court Tuesday, nearly two years after prosecutors accused him and his associates of using social engineering to steal more than 4,100 Bitcoin from a longtime crypto investor in August 2024.  Eighteen defendants have been charged in the case, with Lam set to become the 11th to plead guilty. A prosecutor estimated during his first court

09-07انڈسٹری

Ethereum may have a simpler way to ease the computing burden of its growing rollup ecosystem

An Ethereum prototype that divides blob-recovery duties among nodes reported an 11–18× reduction in estimated reconstruction computing work across 1,000-node simulations. The results suggest operators could reduce duplicated work through a smaller change than the full RowDAS networking proposal.  Related Asset Ethereum #2 ETH · $2,470.34 24-hour change: down 0.36% 24H Down 0.36% 7D Up 0.03% 30D Up 28.52%  Researcher Csaba Kiralys Sept. 3 report describes the reduced design as a possible first step toward RowDAS. It assigns recovery duties without introducing the new row-networking channels in the full proposal.  Blobs carry data used by layer-2 rollups. PeerDAS, Ethereums system for checking that blob data is available, lets nodes download only part of it. High-custody nodes hold at least 64 of the 128 data columns, enough to rebuild missing blob data; supernodes hold all 128.  Many high-custody nodes can repeat the same reconstruction. The reduced design assigns particular blobs to them first, allowing others to receive the recovered data instead of immediately rebuilding it themselves.  What the Ethereum blob-recovery simulations show  In one configuration with four blobs, 10% supernodes and no columns withheld, the estimated network-wide reconstruction cost fell from 48.6 CPU-seconds under the PeerDAS model to 2.75 CPU-seconds under the reduced design. At a 20%

09-07انڈسٹری

Is the Bitcoin Bottom In? 2 Analysts Say Yes From Separate Charts

Two independent analysts have concluded that the Bitcoin (BTC) bottom is in, and neither used the others data. Charles Edwards tracks stablecoin liquidity, while the analyst known as Root tracks cycle structure.  Both calls arrived within days of each other in early September. Neither analyst predicted a bull run, however. Both argued something narrower, that the conditions defining a bear market have stopped being present.  Sponsored  Sponsored  Caprioles Hedge Ratio Hit Its Bullish Threshold  Edwards, founder of Capriole Investments, published his signal on Sept. 4. His Market Hedge Ratio measures the USDT/BTC market cap ratio over a rolling 30 days.  The reading fell to -20.42%, touching the -20.78% threshold marked on his chart. A falling ratio indicates capital rotating out of stablecoins and into Bitcoin.  Capriole Market Hedge Ratio weekly chart showing the Bitcoin bottom signal Source: Capriole  His chart marks roughly nine comparable signals since January 2020. Most preceded rallies, though one signal in October 2021 landed close to a cycle top.  “It‘s very hard for bad things to happen to Bitcoin when Capriole’s Market Hedge Ratio is this green. Downside is basically capped in last 5 years until it flips red. Typically this reading means we have week(s) of upside to run.”  Sponsored  Sponsored  Edwards set an explicit invalidation, however.

09-07انڈسٹری

Tokens created out of thin air may explain how $320 million in Bitcoin left the Liquid sidechain

Researchers examining the roughly $320 million Liquid Network incident have identified an alleged failure in the softwares transaction-validation cache, offering a more specific explanation for how unbacked tokens could be redeemed for real Bitcoin.  Related Company Blockstream Blockchain technology company  Accounts also raise a deployment question. Mononaut said the exploited bug had entered Elements‘ master development branch the previous week but had never appeared in a tagged release. Liquid’s federation functionaries apparently ran that code, he said, while other nodes rejected the invalid transactions.  That deployment account remains unconfirmed by Blockstream in the available statements. If established, it would put the software rollout at the center of an incident in which valid signing credentials authorized the release of Bitcoin against allegedly bug-created L-BTC.  Liquid is a Bitcoin sidechain whose L-BTC tokens are intended to be backed one-for-one by BTC held by its federation. As CryptoSlate previously reported, SideSwap said a customer submitted 4,000 L-BTC through its peg-out service on Sept. 6, prompting the release of approximately 3,996 BTC.  Liquid said neither SideSwaps peg-out authorization key nor other federation keys had been compromised.  The emerging technical accounts focus on how the tokens reached that withdrawal process.  Calle described a flaw involving range proofs, which let nodes check that

09-07انڈسٹری

Zcash hits highest price since 2016 as market cap tops $20B

Zcash (ZEC) climbed to its highest price since 2016, extending a rally that has pushed the privacy-focused cryptocurrencys market capitalization above $20 billion.  ZEC reached $1,249.28 before retreating to about $1,195 on Monday, according to CoinGecko data. The token gained about 45% over the past week and 138% over 30 days.  The rally leaves Zcash below its launch-era record. CoinGecko lists an all-time high of $3,191.93 on Oct. 28, 2016, when only a small supply of tokens was available.  Zcash allows users to choose between public and “shielded” transactions. The latter uses zero-knowledge proofs to verify payments without revealing the sender, recipient or transaction amount.  “For users that prioritize privacy, this could become a ‘must have’ feature,” Grayscales head of research, Zach Pandl, said in an Aug. 31 analysis.  Pandl said that AI could increase demand for financial privacy by making it easier to link public blockchain transactions to users identities.  Zcash has been on a tear since Grayscale converted its existing Zcash Trust into an exchange-traded fund. The product, trading under the ticker ZCSH, began trading on NYSE ARCA on Aug. 25, giving investors exposure to ZEC through brokerage accounts.  The ETF closed Friday at $83.77 a share, with $463.2 million in assets under management, according

09-07انڈسٹری

Irish Gangs Are Renting Private Vaults to Hide Crypto Keys

In briefIrelands Criminal Assets Bureau says gangs store crypto wallet seed phrases and private keys in rented vaults alongside cash, watches and passports.It has reported the practice to the government committee preparing Ireland for new EU anti-money laundering rules.Cash still dominates, and the bureaus chief says criminal use of crypto in Ireland remains “basic.”  Organized crime gangs in Ireland are renting vaults to store the private keys and seed phrases that control crypto wallets, alongside cash, luxury watches and handbags, the head of the Criminal Assets Bureau has said.  Detective Chief Superintendent Michael Gubbins, who runs the bureau, the Irish states asset-seizure agency, told the Sunday Independent the practice emerged from its own investigations and has been reported to the governments Anti-Money Laundering Steering Committee.  Myriad: Bitcoin next price move? Click to make your prediction.  Vault contents, he said, “could be cryptocurrency keys or cash or watches or could even be passports.” He added: “Again, its from our experience, what we would have seen around those matters.”  The committee is preparing Ireland for EU rules due next summer that will ban cash transactions above €10,000 and require businesses to identify anyone spending €3,000 or more in cash. Crypto-asset service providers, luxury goods retailers and crowdfunding

09-07انڈسٹری

XRP Sits at $1.40: Nobody Wants to Sell, Nobody Wants to Buy

Ripple released 1 billion XRP from escrow at the start of September, and by the end of the day, only 300 million sat outside new time locks.  XRP price still holds near $1.40. The headline sounded bearish. The ledger says less happened than it looked.  Ripple Released a Billion, Then Re-Locked 700 Million  Three old escrows ended, releasing 500 million, 400 million, and 100 million XRP. Hours later, two new escrows took 500 million and 200 million back.  Sponsored  Sponsored  Ripple Escrow Release Versus Relock: BeInCrypto  That leaves 300 million XRP, worth about $422 million, outside those locks. It moved between Ripple-labelled wallets, so the monthly release is not a sale or an exchange deposit. But it matters anyway.  It still matters because the market could not take it. Buy orders sitting close to the current price add up to $108.2 million, so those 300 million coins are worth almost four times what buyers are ready to absorb.  XRP Near-Price Buying Depth: Charlie Quant Lab  The market held only because nobody tested it.  Older Coins Stopped Moving. So Did the Volume.  So the coins are still there. The question is who is willing to move them, and the answer is almost nobody.  Sponsored  Sponsored  XRPs 1-2 year holding band rose from 17.3% of supply in

09-07انڈسٹری

Hyperliquid tests allowlists that let operators restrict access to their own markets

In a Sept. 3 developer update, Hyperliquid API Announcements said the onchain derivatives exchange was adding optional wallet allowlists to builder-run perpetual markets. The testnet-only extension, called HIP-3*, would let a market deployer decide which wallets may trade on its venue without imposing the same access policy across Hyperliquid.  Related Product Hyperliquid DEX A decentralized trading application  HIP-3 is Hyperliquids framework for perpetual markets deployed by independent builders. The current API reference says a new venue can be designated HIP-3* when it is created, enabling an onchain allowlist and proxied user actions. Hyperliquid described the feature as optional and strictly additive, with existing markets unchanged. The specification is preliminary, available only on testnet and has no announced mainnet date.  Related Asset Hyperliquid #9 HYPE · $85.16 24-hour change: down 4.10% 24H Down 4.10% 7D Up 3.32% 30D Up 55.58%  How HIP-3* wallet allowlists work  A HIP-3* deployer can act for a user in five defined ways: add or remove allowlist approval, cancel specified resting orders, cancel all of the users resting orders and time-weighted average price orders on the venue, place reduce-only orders, and move collateral to another account on the same venue.  Each power is limited by the venue boundary. The documented bulk-cancellation tool leaves

09-07انڈسٹری

FCA weighs easing UK prediction market ban

Britains Financial Conduct Authority has reportedly discussed easing restrictions on retail financial prediction markets, but the regulator had announced no policy change as of September 7, 2026.  The FCA held discussions with trading platforms about potentially reopening financial prediction markets to retail investors, according to a Times report. Industry representatives reportedly argued that British consumers already access overseas platforms, including Kalshi and Polymarket.  The discussions have not produced a public consultation, proposed rule or implementation date. The regulators latest published position continues to classify prediction contracts linked to financial and certain climate events as binary options.  The FCA permanently prohibited firms from selling binary options to retail consumers in April 2019. It has maintained that these contracts resemble gambling, carry a high risk of losses and are difficult for consumers to value accurately.  UK prediction market rules divide regulatory control  Prediction markets allow users to trade contracts based on whether an event will occur. A contract may pay a fixed amount when an outcome happens and nothing when it does not. Financial examples can cover interest rates, stock indexes or economic data.  The FCA regulates products tied to financial and certain climate events. Sports, political and other non-financial contracts generally fall under the Gambling Commissions authority.

09-07انڈسٹری
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