Altcoin News Official TheBitTimes.com

After tracing the bitcoin listed on El Salvador’s sovereign balance sheet, some researchers wonder if Bitfinex – rather than Nayib Bukele’s administration – controls these coins. According to a newspaper report today from Fabricio Altamirano’s El Diario de Hoy, reblogged on sister website ElSalvador.com, nearly 100% of El Salvador’s bitcoin reserves originate from Bitfinex. The contentious print and web investigation cites a researcher, Mario Gómez, who further speculates that Bitfinex is aiding Bukele in faking ownership of bitcoin that is in fact donated, loaned, or otherwise controlled by Bitfinex. Protos has been unable to independently verify these extraordinary claims. Who controls El Salvador’s 6,114 bitcoin? Bukele’s administration hosts an official website claiming that the government owns 6,114.18 bitcoin. That figure matches third-party estimates at Nayib Tracker. These disclosure portals are limited in what they reveal, showing the balance in a specific...

Iranian crypto trading platform Bit24.cash has apparently inadvertently exposed the sensitive data of nearly 230,000 users , according to recent research. According to an investigation conducted by Cybernews, the Iranian crypto exchange Bit24.cash misconfigured a high-performance object storage system instance, inadvertently granting access to cloud storage containers containing the platform’s Know Your Customer (KYC) data. The researchers learned that approximately 230,000 Iranian citizens have fallen victim to a misconfiguration, which led to the exposure of their written consent to regulations, along with sensitive details such as passports, IDs, and credit cards. In a commentary to Cybernews, a spokesperson for Bit24.cash called the claims “inaccurate and misleading,” emphasizing that there is no evidence of a data breach or unauthorized access to sensitive user information. You might also like: Israel seized crypto worth millions of dollars from accoun...

The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud . According to local reports, Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto exchange, and Shi Yu, an academic linked to JPEX, have been arrested on accusations of infringing upon banking and anti-money laundering legislation. Prosecutors have instructed the local justice investigation bureau to conduct investigation s at nine sites, leading to the questioning of four individuals. A suspect with the last name Liu was granted bail for NT$50,000 (equivalent to $1,550), while another, named Niu, was released following their interrogation. The probe into JPEX’s activities began after reports emerged in June of the exchange promoting cryptocurrency products and seeking investments. You might also like: JPEX to become DAO, to freeze assets for 2 years The investigation also draws in...