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A group of hackers allegedly bribed a Russian official investigating their case with a record sum of 1,032 bitcoin worth $28 million, prompting his swift suspension while his case goes to court. Marat Tambiev has worked for the Investigative Committee of Russia (ICR) since 2011. He held major roles across Russian investigative departments before becoming head of the Tverskoy district of Moscow’s investigative department. Tambiev allegedly received the hefty bribe on April 7, 2022 from hacking group Infraud Organization Mark. Its members, Kirill Samokutyaevsky and Konstantin Bergmanov, were under investigation in Russia during that time. According to a lawsuit brought to the Nikulinsky District Court of Moscow, Tambiev took the bitcoin bribe from the pair on the condition that the group’s illegally obtained assets wouldn’t be confiscated. This meant that Samokutyaevsky and Bergmanov evaded jail time. When the alleged bribe was first discovered in early 2023, the 1,032 ...

The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle. Tether (USDT) has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the U.S. On April 17, the U.S. dollar-pegged stablecoin's circulating market valuation reached nearly $81 billion, just 1.5% below its record high of $82.29 billion from a year ago. It has grown about 20% year-to-date (YTD) already and is now eyeing new all-time highs. USDT market capitalization monthly chart. Source: TradingView Tether rivals hit new yearly lows USDT's growth came as Tether ate up the market share of its stablecoin rivals, USD Coin (USDC) and Binance USD (BUSD). That is due to crypto traders' belief that Tether's operations have no exposure to the potential banking crisis contagion. For instance, the circulating market capitalization of the USD Coin, the second-largest stablecoin, has dropped over 25% YTD to $31.82 bill...