Bitcoin prominent supporters fund funding for BTC acquisition plans for the Swedish company. Meanwhile, Coinbase faces the escalation of legal problems after revealing significant breach and organizational repercussions. In other news, an encryption investor is arrested in Manhattan in relation to a violent kidnapping linked to Bitcoin.
More details about these stories in the future.
Adam Pak joins investors in the $ 2.2 million in capital to pay Bitcoin H100
CEO of Blockstream and Bitcoin Advocate Adam Back Lead Funding round of 21 million SEK (about $ 2.2 million) for H100 Group H100 Group, based in Sweden. The company revealed on May 25 that the funds collected through transferred loans are free of interest, will be allocated to buy bitcoin, after its strategic offering announced on May 22.
Back contributed about $ 1.4 million, with the REST provide by companies including Morten Klein, Alundo Invest AS, Race Venture Descandinavia AB, Crafoord Capital Partners.
With this capital, the H100 aims to buy about 20.18 BTC, adding to the 4.39 BTC that was already obtained on May 22. This reaches its total holdings of about 24.57 BTC. Zero loans will ripen on June 15, 2028.
Coinbase faces the increasing legal pressure after detection of extortion and data violation
It was a new lawsuit foot Against Coinbase and two CEOs, they accused the failure company to detect a serious user data breach and an organizational issue with FCA in the UK, which has been claimed to have caused a sharp decrease in the share price.
Investor Brady Nisler submitted it on May 22 in the Pennsylvania Court, and the complaint claims that the events led to a significant decrease in the value of the shareholders. Coinbase revealed on May 15 that it may bear up to 400 million dollars as compensation after an attempt to blackmail $ 20 million and settle the internal system by customer support employees who have been sprayed. The shares decreased by 7.2 % to 244 dollars on the same day.
The latest development adds to the increasing legal problems in Crypto Exchange in the wake of the data breach announcement, as it accuses multiple lawsuits of the company of failing to manage the accident and properly protect the user.
The encryption investor was arrested for kidnapping and torture in the Bitcoin theft case
John and Walltz, a 37 -year -old cryptocurrency investor, was Arrest To kidnap and torture a man in the house of Manhattan is sophisticated. The victim, 28, recently arrived from Italy, was detained by the prisoner for weeks, hitting them, was shocked by electric wires, and a threat of death unless the Bitcoin Traffic pass.
Prosecutors revealed that Woez and his partners have nurtured the victim and physically assaulted him. The victim managed to escape after agreeing to reveal the word of his stored passes on a laptop. When Woeltz turned, the victim fled and informed a police officer for help.
The medical examination confirmed injuries that are consistent with the victim’s account of being binding and assault. The police seized drugs, weapons, body shields, night vision equipment, and pictures that show the victim with a pistol on his head during the inspection of housing.
Woeltz is accused of kidnapping, assault, illegal imprisonment, and possession of firearms. He was deprived of the guarantee and was asked to hand over his passport, as the prosecutors warned that he had access to private planes and helicopters, which raises the risk of flight. The authorities also cited something unidentified in general.
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