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Bitcoin ETF outflows reached $51 million on September 17, and this marks the first major withdrawal after seven straight days of inflows as institutional investors rapidly repositioned their cryptocurrency holdings. The massive Bitcoin ETF outflows signal a shift in market sentiment right now, while Ethereum ETF products also experienced some selling pressure with $1.89 million in withdrawals during the second day in a row of outflows. Bitcoin ETF Outflows, Ethereum ETF Pressure, Fed Policy Impact Source: Morningstar Major Bitcoin ETF Outflows Dominate Trading So right now, Fidelity FBTC actually led the Bitcoin ETF outflows with $116.03 million in withdrawals, and this was followed by Grayscale GBTC‘s $62.64 million exit. The institutional investors’ retreat also included ARK & 21Shares ARKB with $32.29 million in outflows along with Bitwise BITB recording $12.58 million in withdrawals. Bitcoin Spot ETF Net Inflow chart showing recent outflow pattern – Source: Bitbo.i...

The CEO of a Las Vegas Internet firm is facing up to 127 years in prison after being convicted of using bitcoin to launder over $4 million in funds linked to Mexican cartels and a charity targeted by hackers, the Department of Justice (DoJ) announced this week. Fifty-one-year-old Martin Mizrahi US ed his internet firm LV.net to receive funds from vario US illegal schemes. He then laundered the money by converting it into Bitcoin and sending the proceeds to vario US anonymo US crypto accounts.  Starting in February 2021, Mizrahi received bulk payments of cash from Mexican cartel associates looking to launder drug profits. He also helped launder $3 million stolen from a New York City-based non-profit via an email scam.  Mizrahi also used his firm to carry out $8 million in credit card fraud, preparing false invoices that he sent to banks and credit card companies to justify the charges. Another bad bitcoin bet has been made on ‘pussy terms’ Read more: United Nations r...

Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims. The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker 's identity. Blockchain analytics firm PeckShield tweeted on March 16 that the exploiter behind the flash loan attack on the Ethereum noncustodial lending protocol was “on the move.” The exploiter transferred 1,000 Ether (ETH), approximately $1.65 million, through sanctioned crypto mixer Tornado Cash. #PeckShieldAlert @eulerfinance exploiter on the move ~1,000 $ETH into Tornado Cash through intermediary address 0xc66d...c9ahttps://t.co/LAkY66YpoF pic.twitter.com/0XhQV1nbgn — PeckShieldAlert (@PeckShieldAlert) March 16, 2023 It comes only hours after Euler Labs tweeted it's launching a $1 million reward for information leading “to the Euler prot...