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Crypto news roundup: Hacker returns $21 million in stolen bitcoin, Robinhood Chain testnet hits four million transactions in first week
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Crypto news roundup: Hacker returns $21 million in stolen bitcoin, Robinhood Chain testnet hits four million transactions in first week

Recap of the major crypto market news for the past week: return of stolen funds, growing activity on new blockchain platforms, and more

2/19/20265 min read22 views

Hacker returns $21 million in stolen bitcoin

Last week, it became known that an unknown hacker voluntarily returned $21 million in bitcoin that was stolen last year. The hack of the cryptocurrency platform occurred in August 2022, and now the perpetrator has returned the stolen funds. This case is notable because such returns of stolen crypto assets are rare - usually hackers try to cover their tracks and move the money to offshore accounts.

Possibly, the hacker decided to back down to avoid criminal prosecution. In any case, this incident shows that even large thefts in the crypto space can be compensated in some cases. It also demonstrates that blockchain technology leaves a trail of any transactions, making it difficult to withdraw stolen funds.

Robinhood Chain testnet hits four million transactions in first week

The testnet of the Robinhood Chain blockchain platform, developed by the brokerage company Robinhood, processed 4 million transactions in less than a week. This indicates high interest in the new blockchain ecosystem focused on trading and DeFi.

The launch of Robinhood Chain is an important step in the company's strategy to diversify its business and enter the decentralized finance space. The high activity on the test version of the platform shows that the Robinhood ecosystem is attracting the attention of the crypto community and may become a serious player in the market. However, there is still a lot of work to be done to ensure the security, scalability, and adoption of the new blockchain network.

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