Posts of CHEATKOTT - Your Daily News

📌 Daily Recap · Sep 28 💸 Tether dragged into $84M DOJ forfeiture case ⚛️ Quantum-safe Bitcoin just got five times cheaper 🎮 World's first Minecraft hotel is actually happening 📉 $950M forex fund had very little forex in it 🔓 Bitget lost $387M, froze just $318k in response Send this to whoever spent the day in back-to-back meetings — they missed a lot CHEATKOTT - Your Daily News

💸 $318k frozen, $387 million gone Bitget, a major crypto exchange, lost around $387 million in one of this year's biggest hacks — Lazarus Group is the prime suspect. Circle and Tether moved fast, freezing a linked wallet holding ~99,990 USDC and ~218,023 USDT, roughly $318,000 total. Not fast enough. The attackers had already swapped everything freezable into ETH — an asset no issuer can touch at the contract level. Other exploiter addresses still hold 63,000+ ETH, entirely out of reach. That's 0.08% recovered. The oldest argument in crypto — how permissionless is an asset one phone call can freeze? — is back on the table. *Via Decrypt*

💸 $950 million "forex pool" — not much forex in it Cash FX Group spent years promising investors their money was managed by expert traders and AI, delivering up to 15% weekly. The algorithm, it turns out, was mostly just spending their deposits. The CFTC sued the company and three individuals in a Florida federal court, alleging a classic Ponzi: $950 million raised for supposed forex trading, almost none done, new money recycled to pay fictitious profits to earlier participants. Real losses: at least $406 million. The extra detail that stings — Cash FX ran on multilevel marketing. Participants didn't just lose money. They recruited the next round themselves. Enthusiastically. Cointelegraph

🎮 The world's first official Minecraft hotel is coming Minecraft World — the themed zone at Chessington World of Adventures Resort in the UK — just got two announcements at once: the world's first official Minecraft hotel, and the first-ever Minecraft rollercoaster. The hotel is called Minecraft World Hotel; the ride, Escape the Nether. Both are set to open in 2027, confirmed by Merlin Entertainments and Mojang Studios at Minecraft LIVE. Concept art already paints a picture: wooden houses, Creepers, TNT blocks, a Nether-themed dining area — plus interactive adventures, block-built playscapes and themed retail. Everything from the game, except you can't hit Escape this time. IGN https://www.youtube.com/watch?v=MmB9b5njVbA

💡 Quantum-safe Bitcoin just got five times cheaper Last month StarkWare mined the first-ever quantum-resistant Bitcoin transaction on mainnet — no hard fork, but a steep GPU bill: around $320 each, because a valid hash appears roughly once in 70 trillion attempts. One week of open competition later: $67. Down 80%. The leaderboard is AI-dominated — Anthropic's Opus 5 and Fable 5.1 on top, GPT-6 Astra, Grok 4.6, and Kimi close behind. A key benchmark jumped from 146 M to 820 M+ candidates per second on a stock RTX 4090. StarkWare cautions that $67 is an estimate, not a price, and a soft fork remains the proper fix. But seven days and minus 80% is a hard number to argue with. Decrypt

💸 Tether, $84M, and a bank with some explaining to do Tether — the issuer behind $184B in USDT — has been pulled into a DOJ civil forfeiture case targeting Capstone, a Montana payments firm allegedly moving hundreds of millions for Tether and Bitfinex without a licence, via EQIBank. Some $84M in Capstone's accounts is now frozen. Tether confirms it banked with EQIBank — but the funds there were 0.034% of group assets. A rounding error with a federal footnote. Whether any of this touches USDT holders? The spokesperson didn't say, per Cointelegraph.

🪙 Crypto check ₿ BTC $83,081 📉 -1.7% (24h) Ξ ETH $2,647 📉 -2.1% (24h) 😨/🤑 Fear & Greed: 74 — Greed

📌 Daily Recap · Sep 27 🚨 Bitget loses $183M to a very quiet hack 🎭 Fake Coinbase rep scammed 100 people, got 12 years 🌏 Asia owns half the global crypto adoption ranking Somebody near you was offline all day — drop this in their DMs CHEATKOTT - Your Daily News

💸 Asia claims half the global crypto adoption chart Chainalysis's 2026 Global Crypto Adoption Index: 9 of the top 20 countries are Asia-Pacific — Japan, South Korea, India, Thailand, China, Indonesia, Australia, Vietnam, Philippines. Half the ranking, one region. Bitget darkened the mood: $351.6M in unauthorized transfers, cold wallets intact, loss covered by its $464M+ Protection Fund. The rest of the week: 🔸 Binance took $100M stake in Circle, five-year USDC deal 🔸 Bank of Korea launched a 24/7 won-settlement pilot 🔸 North Korea's WaterPlum: 30,000 devices, $10.7M stolen 🔸 Saudi Arabia exited China's mBridge CBDC project Bonus: OpenAI agents hacked Australia's Medicare — disclosed three months later, to a public inbox. Full story on Cointelegraph.

💸 23 years old, Brooklyn, $16 million — 12 years in prison Ronald Spektor called people, posed as a Coinbase security rep and told them their account had been hacked — move your funds to a safe wallet, now. Nearly 100 people believed him. The money was laundered through exchanges, crypto swaps and gift cards. A New York DA sentenced him to 12 years, plus $16 million in restitution and $500,000 in forfeitures. WhiteBIT puts social engineering at 41% of all crypto incidents last year. Criminals are done targeting exchanges — they're coming straight for people. Coinbase will never call you. If the call feels urgent — that's the scheme. CoinDesk

💸 Bitget goes quiet as $183 million walks out the door Bitget, one of the world's larger crypto exchanges, appears to have been hacked. On-chain analysts at Bubblemaps and Arkham tracked $183 million in ETH, USDT, USDC, AVAX, BNB, and XAUT draining from the exchange's wallets into a single new address over about an hour Thursday. The first move: address 0xe410… swapped $19.67M in USDT0 for 7,111 ETH in six minutes, paying 5% above market — freezable stablecoins out, decentralized ETH in, fast. User withdrawals are blocked. Bitget has said nothing. Back in 2023 the exchange boasted a $300 million protection fund for exactly this scenario — now we find out if it's real, per Decrypt.

🪙 Crypto check ₿ BTC $84,512 📈 +0.6% (24h) Ξ ETH $2,705 📈 +0.6% (24h) 😨/🤑 Fear & Greed: 70 — Greed

📌 Daily Recap · Sep 26 💵 Trump wants stablecoins to do dollar diplomacy now 🚨 Bitget lost $352M but pinky-swears your funds are fine 🔥 Bitget's hot wallets drained $351M in one Thursday evening 🎭 Fake Coinbase rep sweet-talked 100 people out of $16M 🇰🇵 North Korea fingerprints spotted all over Bitget's $351M breach Someone in your life was offline today and missed all of this — do them a favour CHEATKOTT - Your Daily News

🔓 North Korea's favourite pastime? Crypto exchange Bitget lost $351.6 million on Thursday — attackers pushed straight through its hot and warm wallets, no forged requests, no stolen private keys. Cold storage stayed safe. CEO Gracy Chen went live on X shortly after: "We've identified IP addresses matching VPN choices of a certain DPRK group. The pattern looks very much like what they did before." Worth noting: North Korean hackers have already taken an estimated $2 billion in crypto in 2025 alone, including the $1.5 billion Bybit heist the FBI formally attributed to Pyongyang. Withdrawals remain suspended; some funds recovered, amount undisclosed. Cointelegraph

💸 The Coinbase impersonator who stole $16 million Ronald Spektor, 23, called Coinbase users pretending to be exchange support, warned them of a hacker, and guided them into moving funds to a wallet he controlled. Classic social engineering — $15,944,000 taken from roughly 100 victims across the US. The money dissolved through exchanges into cash and gift cards; much of it went to crypto gambling. Spektor's own messages admit he lost $6 million at online casinos. He also ran a Telegram channel bragging about the thefts — apparently unbothered by irony. Blockchain investigator ZachXBT named him in November 2024. He pleaded guilty to all 31 counts; the judge sentenced him to four to 12 years over prosecutors' objection. Restitution: nearly $16 million. Some of the money is still missing. Decrypt

🔥 Bitget confirms $351M breach — and says it's got it covered Bitget, one of the larger crypto exchanges by trading volume, has confirmed unauthorized transfers draining $351.6 million from a portion of its hot and warm wallets. The incident was detected at 18:31 UTC on Thursday. Withdrawals are suspended. Law enforcement and onchain security firms are involved, attacker addresses flagged. Cold wallets and the bulk of platform assets, the exchange says, were untouched. CEO Gracy Chen says the full amount falls within Bitget's User Protection Fund — currently sitting above $464M. Hourly updates promised; a full root-cause report due within 24 hours. How exactly the wallets were compromised? Still under investigation — and Bitget isn't speculating until it knows. Via Cointelegraph.

💸 Bitget hacked for $352 million — "user funds are safe," they say Two weeks ago, Liquid Network lost $320 million in a hack; the attackers later called themselves white hats. Now Bitget is September's entry. CEO Gracy Chen confirmed unauthorized transfers from hot and warm wallets totalling up to $351.6 million — potentially 2026's biggest crypto hack. Arkham Intelligence traced ETH, BNB, AVAX and USDT0 consolidating into a single address. Cold wallets and user funds, she says, are untouched. Withdrawals are paused; trading continues. The exchange's $464 million protection fund is on standby. BGB is down 2.9%. Two "biggest hacks of the year" in one month. September has a type. CoinDesk

💸 Dollar dominance, now with a blockchain layer The Trump administration is weighing a plan to actively push dollar-backed stablecoins worldwide — joint ventures with private companies, with Treasury, State, and the USIDFC all potentially involved, per Bloomberg. The logic is straightforward: stablecoin issuers must hold reserves in dollars and U.S. Treasuries. Their combined holdings already sit near $200 billion, ranking them among the top 20 holders of American sovereign debt. Every new USDC wallet opened abroad is essentially a fresh bid for U.S. government paper. The IMF's concern is the flip side: in emerging economies, dollar-pegged stablecoins risk accelerating capital flight and stripping central banks of visibility over money flows — blockchain doesn't route through traditional channels. One instrument, two outcomes — depending on which side of the flow you're on. CoinDesk

🪙 Crypto check ₿ BTC $83,990 📈 +0.2% (24h) Ξ ETH $2,690 📈 +0.7% (24h) 😨/🤑 Fear & Greed: 74 — Greed

📌 Daily Recap · Sep 25 🤖 BlackRock says AI agents will need their own wallets 📈 Bitcoin up 14% as crypto market reclaims $3 trillion 🎬 Nathan Fielder just made a documentary on Elizabeth Holmes Somebody in your life definitely spent today offline — this is their catch-up CHEATKOTT - Your Daily News

🎬 Nathan Fielder made a documentary about Elizabeth Holmes Quick catch-up if you missed the saga: Holmes founded Theranos, convinced investors her tech could diagnose dozens of diseases from a single drop of blood, and — it couldn't. She was convicted of fraud in 2022 and has spent every moment since insisting she did absolutely nothing wrong. Now Nathan Fielder, a filmmaker whose entire gift is staying in character long enough to make everyone around him question the fabric of reality, has pointed that energy directly at her. The A24 documentary is called "You Can See Everything" and hits theaters October 16. A woman who never breaks character meeting a man who never breaks character. Someone's going to blink first. The trailer is out — good luck watching it without immediately rethinking everything you know about performance and belief. TechCrunch https://www.youtube.com/watch?v=GGJSRFWALTI

💸 This is starting to feel less like a bounce Bitcoin is up 14% on the week, clearing $86,500, with total crypto market cap back above $3 trillion. Monday's spot BTC ETF inflows hit $999M — the biggest single day since October 2025. 🔸 ETH at $2,750 · SOL at $120 · HYPE, ZEC and VVV all hit new ATHs 🔸 Nasdaq closed at a record, +2.26%; AMD crossed $1 trillion in market cap for the first time 🔸 Oil slid on Iran reopening signals — Brent below $98, WTI below $93 🔸 CME launches BCH and UNI futures October 19 Those positioned for an early-October bottom are quietly capitulating. The market, as usual, didn't wait for consensus. Decrypt

🤖 The robots are going to need a bank account BlackRock published a paper this week arguing the next big crypto demand wave won't come from institutions — it'll come from AI agents paying their own bills. The logic: agentic AI systems already book, pay, and call APIs with minimal human input. Problem is, traditional rails weren't built for this — no bank account without an ID, and card fees make no sense on a sub-cent API call. Stablecoins fit naturally: always on, no intermediary, instant settlement. Adjusted stablecoin volume hit $11 trillion in 2025, growing ~80% a year versus 8.5% for bank transfers. Reality check from TRM Labs: AI agents currently drive just 0.6–7.5% of volume on Coinbase's x402 protocol — most traffic is still ordinary scripts. BlackRock isn't saying the moment has arrived. It's saying the pipes are being laid before it does. Decrypt

🪙 Crypto check ₿ BTC $83,856 📉 -0.2% (24h) Ξ ETH $2,671 📉 -0.4% (24h) 😨/🤑 Fear & Greed: 71 — Greed

📌 Daily Recap · Sep 24 📈 BTC up 44% this quarter — still 48% off peak 💸 Saylor breaks silence, snaps up 950 more BTC 🗳️ Crypto PAC returns to Ohio with $30 million war chest 📈 Bitcoin ETFs nearly hit $1 billion in a single day ⚖️ X sues fake Bitcoin accounts gaming its creator payouts Whoever had their head down in meetings today — this is the tab they should've had open CHEATKOTT - Your Daily News

💸 X is suing a Bitcoin account network for faking engagement X's creator program paid out based on genuine audience engagement — someone treated "genuine" as a suggestion. X filed suit in the High Court of England and Wales against Vivek Kumar Sen and Zamyang Sherpa, alleging they ran six Bitcoin-themed accounts that gamed at least £207,384 (~$278K) in payouts by liking, reposting, and mirroring each other's content. On August 5th, two accounts posted near-identical text within 11 seconds of each other. X suspended the accounts on August 18th, shut down the old revenue program in September, and is now tacking on £75,000 in investigation costs — total claim: over £282,000. A Bitcoin influencer ring caught gaming the platform of crypto's loudest CEO. The irony earned its keep. *Cointelegraph has the filing.*

📈 $1 billion in a day — and that's only ninth place U.S. spot bitcoin ETFs pulled in $998.95 million on Monday — the biggest single-day haul since October 6, 2025, the day BTC hit its all-time high of around $126,200. Historically, it ranks ninth since the funds launched in January 2024. The day's leaderboard: 🔸 IBIT (BlackRock) — $381.37M 🔸 ARKB (Ark) — $289.12M 🔸 FBTC (Fidelity) — $238.84M What makes the number interesting: it landed just days after the Senate blocked the Clarity Act and the Fed hiked rates. Institutions, apparently, read the room differently than the headlines did. BTC is up 44% this quarter to $85,000, outpacing every major asset including gold. Though spot ETFs are still $450M in the red year-to-date — so the champagne can wait. Via SoSoValue data, as reported by CoinDesk.

💸 Crypto's back in Ohio — with $30 million and a long memory Fairshake — the crypto super PAC backed mainly by Coinbase, Ripple and a16z — spent $40 million to unseat Ohio Senator Sherrod Brown in 2024. It worked: with Brown gone from the Senate Banking Committee, a major stablecoin bill moved forward fast. Now he's running to return, and Fairshake has committed $30 million to stop him again. Polls show Brown ahead 48% to 45%, Polymarket gives him 57%. The PAC sees those numbers and spends anyway — with $90 million+ still in reserve for the November 3rd finish line. Not one ad will mention crypto. Just whatever argument moves an Ohio voter. The industry isn't selling itself — it's buying the outcome, per CoinDesk.

💸 Strategy is back in the game Two weeks of silence — then Michael Saylor did exactly what everyone expected. Strategy picked up 950 BTC for $75.7 million last week, averaging $79,670 per coin. The running total now sits at 846,000 BTC, acquired at an average of $75,416. With Bitcoin trading around $84,925, that's an unrealized gain of $8.05 billion — not bad for a "pause." At the same time, the company bought back 1.77 million shares of its STRC preferred stock for $174 million, with $875 million still available for more. The cash pile took a hit though: USD Cash dropped nearly 20% to $1.05 billion. Strategy shares jumped 7.4% to $165.2 in pre-market trading Monday. The market, apparently, missed this. Via CoinDesk. Cointelegraph

📈 Bitcoin's best quarter since late 2024 — and it's still not expensive BTC gained 44% this quarter, beating gold (+8.7%), the S&P 500 (+2%) and even NVDA (+11%). Yet it's still 48% below its $126,000 all-time high — hard to call that stretched. Altcoins kept pace: ETH, XRP, SOL and others are up 40–150%. The rally started with classic oversold mechanics, then got a regulatory boost — on September 17 the SEC granted a five-year exemption for venues trading tokenized U.S. stocks via blockchain. Tagus Capital sees ETH as the biggest beneficiary. FxPro calls it a bull market but urges patience. CoinDesk notes bitcoin closed above its 50-week moving average for the first time in 45 weeks — historically, that's where bear markets end.