Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Today in the world of cryptocurrency, several notable events took place. Trump Media & Technology Group, the company behind Truth Social, sold 2,628 Bitcoin worth approximately $165 million to Crypto.com. This brought the company's total Bitcoin sales over the past seven months to 7,281 BTC, valued at around $545 million. Additionally, Galaxy Research reported that losses from the Coldcard wallet incident amounted to 1,367 BTC, or $88.6 million.
The Coldcard incident involved a seed generation bug affecting certain wallets, potentially exposing their private keys and allowing attackers to move funds. Former FTX users began receiving funds on Friday as the FTX Recovery Trust launched a new $900 million creditor payout, totaling around $11 billion in estimated repayments since the exchange's bankruptcy in 2022.
Former FTX users, including Sunil Kavuri, reported receiving reimbursements through distribution partners like Kraken. The recovery process involves multiple platforms and is part of a broader effort to return the estimated $11 billion to customers who lost access to their assets following FTX's collapse.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
