DeFi News Daily Official TheBitTimes.com

A historic, over-the-counter sale of more than 80,000 bitcoin (BTC) last week captured the attention of crypto social media. The sale of the coins, which, according to CryptoQuant CEO Ki Young Ju, might have originated from the 2011 MyBitcoin exchange hack, represents the largest notional sale of BTC by a single individual in history. Mike Novogratz’s Galaxy Digital handled the sale and said his client was selling for estate planning reasons. Novogratz didn’t comment further on X about the transaction nor on a CNBC appearance shortly after the press release. Arkham Intelligence didn’t confirm the MyBitcoin theory, but its blockchain analysts did note that the coins originated in April–May 2011 and had only transferred into eight new wallets as of early July 2025. The 80,000-BTC amount roughly matches the amount that pseudonymous MyBitcoin executive Tom Williams admitted to losing in 2011: about 51% of 154,406 BTC. Wikipedia contributors also estimated M...

Police in South Korea have arrested the leader of a 16 billion won ($12 million) cryptocurrency scam who underwent almost $16,000 worth of plastic surgery to evade authorities.  As reported by the Straits Times, the Seoul Metropolitan Police Agency says the scammer was on the run for 10 months after failing to attend a pre-trial detention hearing in September 2023.  During his time as a fugitive, the man reportedly spent 21 million won ($15,746) on plastic surgery to alter his appearance, specifically his eyes, nose, and the shape of his face. He is also said to have worn a number of wigs.  North Korean hackers posing as devs exposed with ‘I Hate Kim Jong Un’ test Read more: Bitsonic chief sentenced to 7 years for crypto theft in South Korea Police claim that the man is behind a cryptocurrency mining scam that promised investors a monthly return of 18% and managed to defraud 158 victims between November 2021 and June 2022. Victims’ losses ranged from 1.2 million won ($900)...