A tumultuous day in the crypto world! Satoshi Nakamoto's iconic statue discovered, traditional finance giants making large-scale investments, and the largest crypto hack in history unveiled. Dive into today's hottest crypto news.
Crypto enthusiasts were shocked today by the theft and subsequent recovery of the iconic Satoshi Nakamoto statue located in the municipal park of Lugano, Switzerland. Municipal workers discovered the artwork broken into pieces, thrown into the lake waters and scattered along the surrounding shores.
Created by Italian artist Valentina Picozzi, this statue is considered a powerful symbol for the Bitcoin community and the global movement advocating for a decentralized monetary protocol, independent from central banks and government authorities. Despite the theft, the Bitcoin community remains united : “You can steal our symbol, but you can never steal our souls,” responded the statue’s creators.
Major players in traditional finance have massively invested in the blockchain ecosystem in recent years. A study conducted by Ripple, CB Insights, and the UK Centre for Blockchain Technologies reveals that Citigroup, JPMorgan Chase, Goldman Sachs, and Japanese group SBI have participated in no fewer than 345 investments in blockchain startups between 2020 and 2024.
These global banks, designated as “G-SIBs” (Global Systemically Important Banks), have notably led 33 mega-funding rounds exceeding $100 million, targeting companies specializing in trading infrastructure, tokenization, asset custody, and payment solutions. Notable examples include record-breaking funding rounds for CloudWalk in Brazil and Solaris in Germany.
While the crypto sector continues to be marked by numerous attacks and thefts, a new revelation further darkens this already gloomy picture. Blockchain analytics platform Arkham Intelligence claims to have retrospectively discovered the largest crypto hack in history, amounting to $3.5 billion.
In December 2020, the Chinese mining pool LuBian fell victim to a brute force attack that allowed hackers to steal no less than 127,426 bitcoins, worth approximately $14.5 billion at current rates. Despite losing these colossal funds, the mining pool managed to save 11,886 bitcoins by transferring them to other addresses.
In summary, crypto enthusiasts have been served with numerous significant news stories today. From the audacious theft of Satoshi’s statue to the invasion of traditional banks into blockchain, and the revelation of the biggest crypto hack in history, the ecosystem has not lacked for developments.
These events reflect both the growing importance of cryptocurrencies in the global financial landscape and the persistent challenges regarding the security of digital assets.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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