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✇Tomshardware

Korean funeral services company lost $33 million of its customers' money over a bad crypto bet — firm was secretly investing client funds into leveraged crypto ETFs

Bumo Sarang, a funeral services company in Korea, lost $33 million after it invested $40 million of its own customers' money into a leveraged crypto ETF. These funds were meant for prepaid funeral services, but the company exploited loopholes to siphon them into creative investments. Unfortunately, almost half of the industry in involved in similar practices.

✇Tomshardware

Physical attacks against crypto holders, including kidnap and assault, up 75% in 2025 — 72 confirmed incidents see $41 million lost, real number likely higher

Large cryptocurrency holders are increasingly being targeted by criminals as large wallets are traced back to their owners. Because of this, many firms and individuals are now investing in physical security and bodyguards, with some having details that rival those of high-level executives working at major banks.

✇Tomshardware

British cryptographer Adam Back is the secret creator of Bitcoin, claims new report — Back refutes investigation, says parallels to Satoshi are just a coincidence

The hunt for Satoshi Nakamoto has circled back to a likely candidate, Adam Back, thanks to a New York Times article that draws striking parallels between the two. Back denies being Satoshi, saying it's all just a coincidence and confirmation bias on behalf of the reporter. The 40-page-long investigation goes over decades of evidence to try to prove otherwise.

✇Tomshardware

South Korean authorities lose over $4.8 million in crypto after posting mnemonic recovery phrase online — stolen PRTG tokens part of funds seized by National Tax Service from high-value tax evaders

South Korea's National Tax Agency added a photo of a hardware wallet in a press release, which also listed its mnemonic seed phrase. This led to an unknown user using the code to recover the wallet and steal over US$4.8 million in crypto seized by the government.

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