# Cryptocurrency Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Cryptocurrency", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

North Korean Hackers Celebrate a 'Fat Year': Record $2.02 Billion Stolen in 2025, Money Laundering Cycle Approximately 45 Days

North Korean hackers set a record in 2025, stealing $2.02 billion in cryptocurrency, a 51% increase from 2024, despite a decrease in the number of attacks. Their cumulative thefts now total at least $6.75 billion. They achieved this by conducting fewer but more sophisticated attacks, often through infiltrating crypto services with IT workers or using complex impersonation strategies against executives. The overall crypto industry suffered over $3.4 billion in stolen funds. A key trend is the extreme concentration of losses, with the top three hacks accounting for 69% of the total. The disparity between the largest attack and the median hack reached a record 1000x. North Korean actors exhibited distinct money laundering patterns, heavily favoring Chinese OTC services, cross-chain bridges, and mixers. Their laundering cycle for major heists is approximately 45 days, moving through stages of immediate layering, initial consolidation, and final cash-out. Simultaneously, individual wallet thefts surged to 158,000 incidents affecting 80,000 users, though the total value stolen ($713 million) decreased. In a positive development, DeFi hacking losses remained low despite increased Total Value Locked (TVL), indicating improved security measures are having a significant impact. A case study of the Venus Protocol demonstrated effective real-time threat detection and fund recovery.

marsbit01/10 03:10

North Korean Hackers Celebrate a 'Fat Year': Record $2.02 Billion Stolen in 2025, Money Laundering Cycle Approximately 45 Days

marsbit01/10 03:10

Three CZs, Three Different Stories

Three individuals share the initials "CZ" but represent vastly different paths in the era of globalization. The first, Chen Zhi, epitomized the lawless, gray-area entrepreneurship of the mid-2010s. Operating from Cambodia, he built a transnational fraud network, generating up to $30 million daily through scams and forced labor. His empire, built on exploiting regulatory gaps and weak international cooperation, collapsed in 2026 when he was arrested and repatriated to China, signaling the end of an era of unregulated profiteering. The second, Changpeng Zhao (CZ), founder of Binance, represents the tech-entrepreneurial era. A technologist at heart, he built the world's largest cryptocurrency exchange through product excellence and innovation. Unlike Chen Zhi, his venture created value but eventually faced escalating regulatory scrutiny. In 2023, Zhao and Binance pleaded guilty to U.S. charges, resulting in a $4.3 billion fine and his resignation as CEO. His story illustrates that technological innovation must ultimately adapt to regulatory frameworks to survive. The third, CZ Chen, a Millennial and COO of AI firm Manus, represents a new model of success in the AI age. As a skilled professional, she achieved rapid wealth and influence by joining the right company at the right time. Manus, hailed as the first通用 AI Agent, was acquired by Meta in 2025. However, the deal faced review by Chinese authorities, highlighting that her success is now intertwined with geopolitical tensions between major powers. Together, these three stories reflect the evolving interplay between individual ambition and the shifting landscapes of regulation, technology, and global politics.

marsbit01/09 11:55

Three CZs, Three Different Stories

marsbit01/09 11:55

Zcash Cryptocurrency Price Crashes 20% in a Few Hours. Here's Why

The price of Zcash (ZEC) plummeted by approximately 20% in a matter of hours, falling below $400 for the first time since mid-December. This sharp decline was triggered by the announcement that the entire development team from the Electric Coin Company (ECC) is leaving the project. The departure is a result of an acute conflict with the board of directors of the non-profit Bootstrap organization, which oversees Zcash's development. ECC's CEO, Josh Swihart, stated that changes to their working conditions effectively forced the team out, making it impossible to work effectively within the current structure. The ECC is a primary developer of Zcash and is funded through a "Developer Fund," which allocates roughly 20% of each block reward to support the network. Bootstrap cited governance issues and the need for strict legal compliance for non-profits to protect the project's assets as reasons for the conflict. Despite the management crisis, the Zcash protocol and network itself remain technically unaffected. The ECC team is already forming a new company, though the future funding model for development is unclear. Zcash founder Zooko Wilcox commented that the network remains secure and private, and that this managerial conflict does not change that. The article includes a standard disclaimer that it is for informational purposes only and that cryptocurrency is a volatile asset.

RBK-crypto01/08 13:07

Zcash Cryptocurrency Price Crashes 20% in a Few Hours. Here's Why

RBK-crypto01/08 13:07

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