PlusToken wallets move ETH worth $ 100 million – Chinese scam PlusToken moved ETH worth $ 100 million, raising concerns that they are preparing to sell cryptocurrencies. The 800,000 ETH represents less than 1% of the cryptocurrencies in circulation, but it is a significant amount. Selling them could affect the ETH price and more.
PlusToken wallets have accumulated nearly $ 3 billion worth of cryptocurrencies, of which 187,000 BTC. Since August 2019, when the market has observed movements in PlusToken wallets, prices have been steadily declining.
BitGo warns users to withdraw Bitcoin SV from wallets
BitGo has warned users to withdraw Bitcoin SV held in their wallets by February 4. A major update to the BSV code will create a new consensus mechanism, making BitGo’s BSV wallets unable to receive payments.
Customers holding BSV cryptocurrencies are advised to convert them to bitcoin or withdraw them into external wallets.
“If you continue to hold BSV in your BitGo wallet after February 4, most of the functionality will be disabled.”
Warn the company
HTC is restructuring the company to focus on blockchain products
Taiwanese electronics maker HTC has announced plans to reduce the number of employees. This will be the third major round of layoffs in recent years. In 2015, HTC fired 2,250 employees and in July 2018 fired another 1,500.
HTC claims that the latest workforce adjustment will allow the company to focus on innovation efforts. Priority products include EXODUS blockchain smartphones.
Launched in May 2018 at an initial price of 0.15 BTC, EXODUS includes a crypto hardware wallet. It also allows users to access decentralized exchanges.
In October, HTC released Exodus 1, a cheaper version of its previous product, with the ability to run a complete bitcoin node. In November, it was announced the plan to release a limited edition version of its EXODUS 1 phones, which will integrate Binance Chain.
A 19-year-old American stole $ 1 million in cryptocurrencies through SIM swapping
Yousef Selassie, a 19-year-old Brooklyn resident, was arrested by New York authorities. He is accused of identity theft and used the SIM swapping system to steal cryptocurrencies.
Prosecutors said Selassie had accessed the accounts of 75 people in the US this year and stole over $ 1 million in cryptocurrencies.
“Investigations revealed that in just 4 months, the accused stole more than $ 1 million in cryptocurrencies with only an iPhone and a computer,”
the prosecutor said.
This is the third defendant arrested by the New York authorities for the crime of theft of cryptocurrencies by SIM swapping.
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