This week has seen significant developments in the cryptocurrency world, from the activation of ancient wallets to fraudulent schemes and expanded service options.
Satoshi Wallets Activate after 14 Years
On Friday, eight long-dormant wallets from the Satoshi era transferred 10,000 Bitcoin (BTC) each to new SegWit addresses. These transactions are the first since 2011, totaling approximately $8.5 billion.
Hackers Launder Proceeds through Crypto
Analyst ZachXBT revealed that hackers who accessed the Central Bank of Brazil's service provider began using cryptocurrencies to launder $140 million in stolen funds. Between $30 and $40 million has already been converted into Bitcoin (BTC), Ethereum (ETH), and USDT via OTC desks and cryptocurrency exchanges in Latin America.
FTX and Other Market Updates
The FTX Recovery Trust filed a motion in court seeking permission to introduce new procedures for allocating creditor claims in restricted jurisdictions. Meanwhile, Deutsche Bank is preparing to launch a cryptocurrency custody service. Additionally, Ripple has partnered with OpenPayd to develop payment infrastructure.
The week has been eventful in the crypto world. The activation of ancient wallets and renewed focus on security issues highlight that the cryptocurrency market continues to evolve and face new challenges.
