Crypto Lobbies for Looser Rules as Stolen Billions Disappear
By PYMNTS
AI summary of the source article
A series of transfers allegedly involving the Kraken exchange resulted in the loss of over $130 million from a European institution. This comes amid a nearly $7 billion push tied to crypto crime since Friday, Oct. 30.
Key facts
- Cryptocurrency crime contributed a nearly $7 billion push since Friday, Oct. 30.
- Transfers allegedly using the Kraken exchange led to a loss of more than $130 million from a European institution.
Source excerpt · PYMNTS
The scales of cryptocurrency’s existential crisis regarding traditional finance and decentralized finance were always going to be tipped by crime. They’ve gotten a nearly $7 billion push since Friday (Oct. 30). A mysterious series of transfers allegedly using the Kraken exchange resulted in the loss of over $130 million from a European institution as of […] The post Crypto Lobbies for Looser Rules…