Significant Crypto Developments in 2024: SBF’s Arrest, Bitcoin’s Appreciation, and WazirX’s Security Incident

Top Crypto News of 2024: SBF’s Fall, Bitcoin’s Rise, and WazirX’s $235M Hack

As the year comes to a close, we’re taking a look back at some of the most significant events in the crypto space. Despite ongoing regulatory struggles and market volatility, it was an eventful year that saw major developments from key players in the industry.

Sam Bankman-Fried’s Fall: The once-mighty CEO of FTX, Sam Bankman-Fried (SBF), faced severe consequences after his company’s demise. In a surprising twist, SBF was arrested and charged with multiple crimes, including fraud and embezzlement. This marked a significant moment in the history of the crypto world, as the industry watched in shock as one of its most influential figures fell from grace.

Bitcoin’s Rise: As Trump took office, Bitcoin skyrocketed to new heights, breaking through the $100,000 mark for the first time ever. The news sent shockwaves throughout the industry and beyond, with many analysts attributing the growth to renewed optimism over the future prospects of cryptocurrencies.

WazirX Hack: WazirX, an Indian-based crypto exchange, suffered a massive hack, resulting in the theft of $235 million worth of various cryptocurrencies. In response, the exchange froze transactions and collaborated with forensic experts and law enforcement agencies to track down the stolen funds.

Source: coinpedia.org