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🧵 5. Exploit on uniBTC potentially risking drained funds, but prompt action by white hat group Seal 911 and Bedrock limited losses to $2 million.

🧵 4. Smart contract involved was not audited prior to deployment, says Bedrock. They'll provide full compensation for BTC taken by exploiter.

🧵 3. Third-party security firm Dedaub alerted Bedrock of the vulnerability before the attack, but the team couldn't act in time due to sleep.

🧵 2. Exploit resulted in $2 million loss, most from DEX pools. Bedrock is working on a reimbursement plan and proof-of-reserves.

🧵 1. Security exploit on Bedrock's staking protocol allowed users to swap 1 BTC for 1 ETH, despite a $60,000+ price difference. #crypto

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🧵 5. Seizing cryptocurrencies poses challenges due to their decentralized nature; investigation aided by DOJ's Office of International Affairs and FBI's Virtual Asset Unit.

🧵 4. FBI and partners track down over $6 million in stolen crypto by tracing victim funds on the blockchain; emphasize the importance of investor education.

🧵 3. Victims were lured into transferring funds to crypto accounts and then to fraudulent platforms abroad, losing their investments in the process.

🧵 2. Scammers in Southeast Asia misled victims into investing in fake opportunities, resulting in millions of dollars lost; FBI warns of ongoing dangers.

🧵 1. DOJ seizes $6 million in cryptocurrency linked to fraudulent schemes targeting U.S. citizens; FBI highlights devastating financial impact on victims. #crypto

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🧵 5. Despite past successes at blockchain ventures, Zhao's fast-paced approach with Binance attracted regulatory attention, resulting in strict post-conviction limitations.

🧵 4. Department of Justice charges further implicated Zhao in operating an unregistered exchange and market manipulation, leading to his conviction and hefty fines.

🧵 3. US CFTC lawsuit accused Binance of enabling US residents to trade crypto derivatives without proper registration, highlighting Zhao's role in lax AML protocols.

🧵 2. Zhao's legal woes stem from allegations of operating unlicensed exchanges, violating AML rules, and aiding illicit trading practices, sparking global regulator scrutiny.

🧵 1. Binance co-founder Changpeng Zhao, aka "CZ," set for early release from prison due to weekend rule, faces restrictions on involvement with Binance. #crypto

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🧵 5. Meme coins like DOGE and SHIB maintain value, but many can lose worth quickly. They are based on internet jokes and trends, and remain highly volatile.