Bitcoin Bandits Busted: DOJ Charges 12 In $263 Million Cyber Heist

In a landmark operation, the Department of Justice (DOJ) has charged 12 individuals in connection with a massive cyber heist that saw hackers net $263 million in Bitcoin. The brazen attack, which took place over several days in February this year, sent shockwaves through the cryptocurrency community and raised questions about the effectiveness of current security measures.

According to sources familiar with the investigation, the hackers exploited vulnerabilities in online gaming platforms to steal a large cache of cryptocurrencies. Once they had secured their prize, the thieves turned to the dark web to sell their ill-gotten gains to unsuspecting buyers.

The Bitcoin Pricing Bands Hint At Potential $117,000 Target – Details

Bitcoin pricing bands hint at potential $117,000 target – details emerged yesterday as part of the ongoing investigation into a massive cyber heist. The prices were obtained by cryptocurrency exchange officials who made it public after being threatened with the loss of their bitcoin by the hackers.

According to reports, one of the exchanges was hit hard, losing around 200,000 BTC worth approximately $117 million at the time. However, due to Bitcoin's volatile nature, some of that amount is expected to have gone up in value.

It is estimated that this single transaction could be worth over $117,000 per bitcoin if the cryptocurrency price were to reach its highest possible point in recent years.

The incident highlighted just how much cryptocurrencies can fluctuate and how quickly prices can change depending on a number of different factors such as global events, government policies and economic trends.