Bitfinex Hacker Secures Early Release Under US Prison Reform Legislation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Hacker Release: Bitfinex hacker Ilya Lichtenstein secured early release under President Trump's 2018 First Step Act, highlighting the impact of US criminal justice reform while committing to contribute positively to cybersecurity, which may influence future cybersecurity policies.
- Shareholder Proposal: BitMine Immersion chairman Tom Lee urged shareholders to approve a proposal to increase the company's authorized shares from 500 million to 50 billion, emphasizing that this move is not intended to dilute existing shareholders, but if approved, it will significantly alter the company's capital structure.
- Capital Transfer: South Korean traders transferred over $110 billion to foreign platforms amid domestic regulatory constraints, reflecting a market demand for a more flexible trading environment, which could pose risks of customer attrition for domestic exchanges.
- Global Regulatory Trends: Governments worldwide, including Turkmenistan and China, are advancing cryptocurrency regulations, indicating a tightening of oversight in the global crypto market that may affect future investment environments and strategies for market participants.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
