Bitcoin developers can potentially remove Bitcoin’s 21-million supply limit, but miners are unlikely to accept such a change.
An attacker used a “social engineering attack” to compromise the protocol’s deployer private key, which was then used to mint tokens and burn them drain funds.
No specific crypto addresses were listed in the sanctions, which included members of the Shamlakh family and the Herzallah Exchange.
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Crypto asset losses from the network went from $1.1 billion in 2022 to around $161 million in 2023.
A research report from Crypto.com estimates the number of worldwide cryptocurrency users surged to 580 million people in 2023.