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Tom Lee's $11 Billion Ethereum Treasury Firm BitMine Appoints New CEO

BitMine Immersion Technologies, which holds over $11 billion worth of Ethereum, announced Chi Tsang as its new CEO, replacing Jonathan Bates. Tsang previously founded a venture fund and worked at HSBC as Head of Asia and TMT Global Banking. He expressed optimism about BitMine's potential to bridge traditional finance and the Ethereum ecosystem. The firm also added new board members, including Robert Sechan and Olivia Howe. Following the announcement, BitMine's shares fell about 4%, reflecting the decline in Ethereum's price, which has dropped nearly 15% recently. Despite the market downturn, BitMine recently increased its Ethereum holdings by 110,301 ETH, valued at approximately $389 million. As the largest corporate holder of Ethereum, BitMine's market strategy and leadership changes indicate a potential shift in the corporate cryptocurrency landscape amid wider market fluctuations.

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U.S. DOJ Pursues North Korea's Illicit Money Machine, Seizes More Crypto

The U.S. Department of Justice (DOJ) has announced further actions against North Korean operations involved in cryptocurrency heists, securing multiple criminal convictions and seizing another $15 million in USDT. Investigations revealed that individuals assisted North Korea in obtaining U.S. jobs using fraudulent identities and misinformation, generating substantial proceeds

U.S. DOJ Pursues North Korea's Illicit Money Machine, Seizes More Crypto

The U.S. Department of Justice (DOJ) announced the successful prosecution of individuals involved in North Korean operations that facilitate cryptocurrency theft. In this latest crackdown, authorities seized $15 million in Tether from North Korean cyber heists linked to Advanced Persistent Threat 38, said to be associated with the North

U.S. DOJ Pursues North Korea's Illicit Money Machine, Seizes More Crypto

The U.S. Department of Justice (DOJ) has announced new criminal convictions and crypto seizures in its efforts targeting North Korean operations. Recently, authorities seized $15 million in USDT, linked to cyber heists associated with the group Advanced Persistent Threat 38, reportedly connected to the North Korean military. Additionally, five