In the early hours of the day, Bitcoin’s price surpassed $45,000 for the first time since April 2022, driven by expectations of a U.S. Securities and Exchange Commission (SEC) approval for a spot Bitcoin exchange-traded fund (ETF).
The cryptocurrency industry was rocked by a series of bankruptcies in 2023, among which was the prominent and complex case of FTX, where creditors are attempting to recover over $8 billion. This case, filed in November 2023, is expected to be protracted, overshadowing other major crypto bankruptcies like Celsius and BlockFi.
Last year saw a significant escalation in cryptocurrency phishing scams, affecting over 324,000 users and leading to the loss of around $295 million in digital assets. This alarming trend was comprehensively detailed in the “2023 Wallet Drainers Report” by blockchain security platform Scam Sniffer, which analyzed the methods and growth of these phishing activities.
Top stories in the Crypto Roundup today:
- Bitcoin Surges Past $45,000 for First Time Since April 2022
- FTX's $8 Billion Bankruptcy Case: Prolonged Legal Struggles Ahead
- Cryptocurrency Phishing Scams Surged in 2023 With Over $295 Million Lost