Top US Exchange Puzzled by XRP Rally

Gemini, the Winklevii-founded cryptocurrency exchange, recently used Grok, xAI’s chatbot, to highlight the significant price movement of XRP. The popular US trading platform asked the chatbot to explain the reasons behind the impressive pump in the token’s value.

### A Major Partnership

The close relationship between Gemini and the XRP community stems from a formal business partnership established in late 2025. In August 2025, Gemini and Ripple officially collaborated to launch the “XRP Edition” of the Gemini Credit Card. Tyler Winklevoss actively promoted this card to the community, with Ripple executives joining the campaign to boost enthusiasm.

Furthermore, reports around Gemini’s IPO plans revealed that Ripple had extended a $75 million credit line to Gemini, which is expandable up to $150 million. This financial backing underscores the strong ties between the two companies.

Earlier, both Gemini and Ripple had been involved in high-profile, expensive legal battles with the U.S. Securities and Exchange Commission (SEC). Tyler Winklevoss publicly defended Ripple, even arguing that the Oregon Attorney General should be impeached for labeling XRP a security, especially after a federal judge ruled otherwise.

Gemini was also one of the first major exchanges to integrate RLUSD, Ripple’s USD stablecoin, as a base currency for trading, further strengthening their partnership.

### Technical Caution

Despite XRP’s impressive percentage gains, caution remains warranted. As reported by U.Today, legendary trader John Bollinger recently ranked XRP’s technical setup lower than that of Bitcoin. He pointed out that XRP’s price experienced an almost vertical ascent without establishing a “firm support base” beneath it.

Because of this lack of solid support, XRP is vulnerable to a sharp pullback, and traders should approach with careful consideration.

This strategic partnership and recent market activity highlight the strong connection between Gemini and Ripple but also serve as a reminder to monitor technical indicators closely.
https://bitcoinethereumnews.com/tech/top-us-exchange-puzzled-by-xrp-rally/

XRP Tests Critical $1.88 Support Zone Amid Market Uncertainty

Selling pressure has been building up, causing XRP to decline to the $1.88 level. Traders are paying close attention as the price action tests this macro support zone in a market that is experiencing a reduction in supply. XRP appears to have found a turning point in its recent price direction after falling below the support zone of $1.93. The selling pressure in the market has been escalating steadily.

As highlighted by Skipper_XRP on X, XRP has recently dipped below critical support levels, signaling a possible repositioning among traders. In the short term, technical factors are dominating price action, influencing trading decisions more than long-term fundamentals.

Currently, XRP is testing the $1.88 area, which coincides with the macro 0.5 Fibonacci support level. According to PrecisionTrade3 on X, this is a very strong level of support. While this zone can be intimidating, PrecisionTrade3 reassures traders, saying, “No need to worry or panic!” The $1.88 mark has been established as a critical line—any sustained drop below this level could lead to further losses. Should the price fall lower, the next significant support level lies at $1.85.

Despite ongoing inflows from spot ETFs in recent weeks, the current market movement appears to be primarily driven by technical positioning rather than fundamental developments. Traders are focusing more on short-term price movements than long-term narratives.

Interestingly, the supply of XRP has dropped significantly during 2025. Available tokens have decreased by approximately 45% since January, falling from around 3.9 billion to about 1.6 billion. This notable reduction in supply adds another dimension to the market dynamics.

Persistent trading below $1.88 continues to apply downside pressure on XRP. However, a rebound from this support level could trigger a bullish trend. PrecisionTrade3 emphasizes that testing support levels is actually a positive sign. The analyst draws parallels between XRP’s current situation and the recent price behavior of Bitcoin.

Assuming XRP holds above these support levels and avoids retesting new lows, bullish sentiment is likely to be restored. PrecisionTrade3 states on X that the outlook could become “very bullish.” Nonetheless, there is still some division in the market in the short term. While some traders view the current price levels as prime accumulation zones, others expect further declines before stabilization occurs.

**You might also like:**

– [XRP Whales Load Up as $2.50 Breakout Looms Where Fear Meets Opportunity]
– [XRP Coiling: Expansion Phase Imminent After Accumulation?]
https://bitcoinethereumnews.com/tech/xrp-tests-critical-1-88-support-zone-amid-market-uncertainty/

CPSO warns citizens of scam resurfacing in this area

**Calcasieu Parish Sheriff Stitch Guillory Warns Residents of Bonding Scam**

Calcasieu Parish Sheriff Stitch Guillory is alerting citizens about a scam that has resurfaced in our area. Scammers are falsely claiming to represent bonding companies in an attempt to deceive families of incarcerated individuals.

The scam typically works as follows: the fraudster contacts family members, claiming they can secure a bond for their loved one at a reduced cost. To appear legitimate, the caller may provide a local address and phone number. They often pressure victims to pay the fee using cryptocurrency or money transfer services such as Zelle or Cash App.

**This is a Scam!**

Sheriff Guillory urges residents to take the following precautions to avoid falling victim:

– Resist any pressure to make an immediate decision.
– Independently verify all information by researching the business and contacting them directly.
– Never send money based solely on a request received by phone or email.
– Trust your instincts. If something doesn’t feel right, hang up and report the suspicious activity to local law enforcement.

If you believe you have been targeted or victimized by this scam, please contact the Calcasieu Parish Sheriff’s Office at **337-491-3605**.

*Please remember:* An arrest means there is probable cause to believe the subject was involved in the alleged offense. Every person is innocent until proven guilty beyond a reasonable doubt.
https://www.dequincynews.com/2025/11/30/cpso-warns-citizens-of-scam-resurfacing-in-this-area/

Bitcoin Whale Reenters ETH Market, Fires Off A $44-M Long

Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats a testament to his dedication to his furry companions Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors and bosses he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
https://bitcoinethereumnews.com/bitcoin/bitcoin-whale-reenters-eth-market-fires-off-a-44-m-long/

XRP Price Is Forming A Death Cross That Previously Led To A 15% Crash

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.
https://bitcoinethereumnews.com/tech/xrp-price-is-forming-a-death-cross-that-previously-led-to-a-15-crash/

Bitcoin Faces More Downside After Recent Crash, Data Shows

Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats a testament to his dedication to his furry companions Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors and bosses he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
https://bitcoinethereumnews.com/bitcoin/bitcoin-faces-more-downside-after-recent-crash-data-shows/

Federal Bureau of Prisons says falling concrete is forcing it to close Terminal Island prison

By MICHAEL R. SISAK | Associated Press The federal Bureau of Prisons is closing a lockup adjacent to the Port of Los Angeles that was once home to Al Capone and Charles Manson over concerns about crumbling infrastructure, including falling concrete that threatens to knock out the facility’s heating system, according to an internal memo obtained by the Associated Press. Director William K. Marshall III told staff on Tuesday that the agency is suspending operations at the Federal Correctional Institution, Terminal Island, a low-security prison. It currently houses nearly 1, 000 inmates, including cryptocurrency fraudster Sam Bankman-Fried and disgraced celebrity lawyer Michael Avenatti. The decision to close the facility, at least temporarily, “is not easy, but is absolutely necessary,” Marshall wrote, calling it a matter of “safety, common sense, and doing what is right for the people who work and live inside that institution.” FCI Terminal Island, opened in 1938, is the latest Bureau of Prisons facility to be targeted for closure as the beleaguered agency struggles with mounting staff vacancies, a $3 billion repair backlog and an expanded mission to support President Donald Trump’s immigration crackdown by taking in thousands of detainees. Marshall cited problems with underground tunnels containing the facility’s steam heating system. Ceilings in the tunnels have begun to deteriorate, causing chunks of concrete to fall and putting employees and the heating system at risk, he said. “We are not going to wait for a crisis,” Marshall told employees. “We are not going to gamble with lives. And we are not going to expect people to work or live in conditions that we would never accept for ourselves.” Bureau of Prisons spokesperson Randilee Giamusso, responding to the AP’s questions about FCI Terminal Island, confirmed that the agency is taking “immediate action” to “safeguard staff and inmates.” Inmates at the facility will be moved to other federal prisons “with a priority on keeping individuals as close as possible to their anticipated release locations,” Giamusso said. In his memo to staff, Marshall indicated that the process could take several weeks. The facility’s future will be decided once the Bureau of Prisons has “assessed the situation further and ensured the safety of all those involved,” she said. The Bureau of Prisons has long been bedeviled by FCI Terminal Island’s aging infrastructure, Giamusso said. In April 2024, an architectural and engineering firm contracted by the agency identified more than $110 million in critical repairs needed over the next 20 years. Site’s checkered past The prison’s opening dates back to the 1930s and it has undergone many changes over the decades. The first prisoners, 610 men and 40 women, filed into the new 21-acre federal prison near the southern end of Terminal Island on June 1, 1938. Back then, the Terminal Island Federal Correctional Institution consisted of three cell blocks built around a central quadrangle, and cost $2 million to build. In 1942, the U. S. Navy took control of the prison for use as a receiving station, and then as a barracks for court-martialed prisoners. After the Navy deactivated the facility in 1950, the state of California took it over for use as a medical and psychiatric institution. The state ceded control to the U. S. Bureau of Prisons in 1955, which converted the facility back into a low-to-medium security federal prison. The prison has housed the famous and the infamous over the years. Al Capone spent the last few months of his 10-year sentence for income tax evasion at Terminal Island in the late 1930s. In 1974, LSD guru Timothy Leary and Watergate co-conspirator G. Gordon Liddy were incarcerated there at the same time. Sara Jane Moore came to Terminal Island in 1976 after her failed assassination attempt on President Gerald Ford. Hustler publisher Larry Flynt spent time there after shouting obscenities at a judge during one of his trials in the early 1980s; he was transferred after allegedly punching prison staff members. The prison was coed, with women prisoners housed in a separate area, until overcrowding forced authorities to transfer the women to the federal prison in Pleasanton in 1977. It has been male-only ever since then. During the 1970s, Terminal Island became known for escape attempts. In December 1979, the San Pedro News Pilot reported 12 escapes during a single 2 1/2-month period. Fortification including more barbed wire and increased armed guards were added to dispel the facility’s “Club Fed” image in the early 1980s. Other inmates included Wall Street fraud artist Barry Minkow of ZZZZ Best fame, automaker John DeLorean (briefly, following his drug trial), and jazz singer Flora Purim, who served 18 months for drug charges before the prison returned to its current all-male make-up. The prison was rocked by a corruption scandal in the early 1980s that resulted in the indictment of six Terminal Island federal employees between 1982 and 1984. The charges involved bribes, cover-ups, marijuana sales to inmates and other types of corruption. Up until that time, the scandal was the most serious in the history of the federal prison system, because of the high-ranking officials involved. These included Charles DeSordi, the prison’s former chief investigator of crimes committed, the highest-ranking federal prison official ever to be indicted. In June, hundreds gathered in San Pedro to protest against U. S. Immigration and Customs Enforcement’s apparent use of Terminal Island as a staging area for its operations across Los Angeles County, but the prison was not involved in those concerns. Officials from the ports of Long Beach and Los Angeles which also share portions of Terminal Island said at the time that ICE wasn’t using any of their properties for operations, despite the U. S. Department of Homeland Security’s request to L. A. to do so. The prison system Tuesday’s news of the closure echoes that of the agency’s federal jail in Manhattan in 2021. The Bureau of Prisons, the Justice Department’s largest employer, has more than 30, 000 workers, 122 facilities, about 155, 000 inmates and an annual budget that exceeds $8. 5 billion. But the agency’s footprint has shrunk over the last year as it wrestles with financial constraints, chronic understaffing and changing priorities. An Associated Press investigation has uncovered deep, previously unreported flaws within the Bureau of Prisons, including rampant sexual abuse, widespread criminal activity by employees, dozens of escapes and the free flow of guns, drugs and other contraband. In December 2024, in a cost-cutting move, the agency announced it was idling six prison camps and permanently closing a women’s prison in Dublin, California, that was known as the “rape club” because of rampant sexual abuse by the warden and other employees. In February, an agency official told Congress that 4, 000 beds meant for inmates at various facilities were unusable because of dangerous conditions like leaking or failing roofs, mold, asbestos or lead. At the same time, the agency is building a new prison in Kentucky and, at Trump’s direction, exploring the possibility of reopening Alcatraz, the notorious penitentiary in San Francisco Bay that last held inmates more than 60 years ago. Marshall, his top deputy and Attorney General Pam Bondi visited in July, but four months later, Alcatraz remains a tourist attraction and a relic of a bygone era in corrections. In addition to failing facilities, the Bureau of Prisons has been plagued for years by severe staffing shortages that have led to long overtime shifts and the use of prison nurses, teachers, cooks and other workers to guard inmates. That problem has only worsened in recent months, in part because of a hiring freeze and recruiting by U. S. Immigration and Customs Enforcement, which has lured correctional officers away with promises of signing bonuses of up to $50,000. In September, Marshall said the Bureau of Prisons was canceling its collective bargaining agreement with workers. He said their union had become “an obstacle to progress instead of a partner in it.” The union, the Council of Prison Locals, is suing to block the move, calling it “arbitrary and capricious.” Southern California News Group staff writer Donna Littlejohn and columnist Sam Gnerre contributed to this report.
https://www.dailybreeze.com/2025/11/25/federal-bureau-of-prisons-says-falling-concrete-is-forcing-it-to-close-terminal-island-prison/

Shiba Inu (SHIB) Sees New Hope, XRP Price Has 6 Days to Rebound, BlackRock Dumps $314 Million in Bitcoin and Ethereum – Crypto News Digest

Shiba Inu price rebounds The market crash might finally stop here, as momentum indicators like the RSI are slowing down bearish momentum. Price action. SHIB recovered from an extremely oversold RSI level. Shiba Inu recently recovered from one of its few remaining technical anchors, an incredibly oversold RSI. For the time being, the slide was stopped solely by the indicators scraping levels that typically only show up during capitulation phases, according to the TradingView chart. One of two patterns typically occurs when an asset falls into deep oversold territory while the price prints new multimonth lows: either exhaustion selling that precedes a rebound, or the initial phase of a protracted downtrend that grinds lower until liquidity dries up. Rebound scenario. All major moving averages remain above price. Due to sellers’ eventual lack of momentum, SHIB currently appears closer to the first scenario. Every major moving average, including the 50, 100 and 200, is stacked above the price, indicating a persistent macro downtrend. The fact that volume remained comparatively steady throughout the decline lends credence to the theory that this was a controlled, but gradual, unwind rather than panic-selling. XRP price history. XRP has six days to match its historical November average growth of 79. 9%. XRP traded around $2. 60 in the final days of October 2025, a drop from the psychological $3 level, as a result of the broader cryptocurrency sector volatility. Many investors looked forward to November as a month when the coin would explode in an upward rally toward $5. Notably, Cryptorank data shows that XRP has six days to rewrite its negative history to align with its monthly average growth rate of 79. 9% for November. This is a big spike for the asset, whose growth rate for October stands at a negative 5. 14%. Worst drop in 5 years. Broader crypto market fluctuation heavily impacting XRP’s performance. As expected, many investors were anticipating an explosive price rise in November to align with history. However, the broader crypto sector fluctuation has greatly impacted the performance of XRP, just like other projects. 1%, which is the biggest drop seen for the coin since 2020. BlackRock deposits another large BTC and ETH batch to Coinbase Prime BlackRock continues its aggressive selling streak. Crypto deposits. Lookonchain reports BlackRock deposited 2, 822 BTC and 36, 283 ETH on Nov. 24. BlackRock might not be slowing down on its aggressive crypto deposits anytime soon, as data from on-chain monitoring firm Lookonchain shows that the firm has offloaded another massive amount of Bitcoin and Ethereum today. According to the data source, the leading asset management firm made another major deposit of 2, 822 BTC and 36, 283 ETH into Coinbase Prime on Monday, November 24. The move, which appears to be another of its repeated sell attempts, has sparked discussions across the crypto community. Institutional dump? The sell-off comes despite signs of a potential market rebound. While the latest sell-off attempt has come at a time when the market is showing signs of a potential rebound as the rapid price correction slows down, it appears that BlackRock is not willing to pause its selling streak despite the market’s green light. Just last week, BlackRock dumped over $2 billion in Bitcoin and Ethereum amid the market downturn.
https://u.today/shiba-inu-shib-sees-new-hope-xrp-price-has-6-days-to-rebound-blackrock-dumps-314-million-in-bitcoin

Senator Cynthia Lummis Calls for End to Operation Chokepoint 2.0, Criticizes JPMorgan

TLDR Senator Cynthia Lummis criticized JPMorgan for its anti-crypto stance and called for an end to Operation Chokepoint 2. 0. Lummis argued that JPMorgan’s actions damage public trust in traditional banks and hinder the growth of digital assets in the U. S. The dispute started when JPMorgan closed the accounts of Jack Mallers, CEO of the Bitcoin payment firm Strike, without a clear reason. Operation Chokepoint 2. 0 aims to prevent blockchain firms from accessing banking services, which critics argue harms the crypto industry. Lummis expressed concern that the U. S. risks losing digital finance leadership by pushing innovation out of the country. U. S. Senator Cynthia Lummis has sharply criticized JPMorgan for its stance against cryptocurrency. She called for an end to Operation Chokepoint 2. 0, a program aimed at blocking firms in the blockchain space from accessing banking services. Lummis argued that the bank’s actions harm public trust in traditional banking and hinder the growth of digital assets in the United States. The dispute began when JPMorgan closed the accounts of Jack Mallers, the CEO of the Bitcoin payment firm Strike. Mallers, a vocal advocate for cryptocurrencies, criticized JPMorgan for failing to provide a clear reason for the closure. JPMorgan cited “concerning activity” discovered during routine reviews but did not offer further details. Operation Chokepoint 2. 0 Targets Crypto Industry Operation Chokepoint 2. 0 is a program that seeks to prevent firms in the cryptocurrency sector from accessing banking services. The initiative follows the U. S. Department of Justice’s Operation Chokepoint, which was launched in 2013. Critics argue that this effort, although officially concluded under the Trump administration, continues to negatively affect the crypto industry. Lummis expressed concerns that such programs push digital asset firms to other countries with more favorable regulations. “We are pushing innovation out of the U. S. with policies like this,” she said. Her comments reflect growing frustration among lawmakers who believe the U. S. risks losing its leadership role in digital finance. JPMorgan’s Evolving Relationship with Cryptocurrency JPMorgan’s relationship with cryptocurrencies has evolved. The bank has launched its own stablecoin, JPM Coin, and has explored blockchain technology. However, JPMorgan remains cautious about fully embracing cryptocurrency as an asset class. Despite these efforts, JPMorgan continues to express concerns over the risks associated with digital assets. Lummis suggested that the bank’s stance needs to adapt to meet the growing demand for digital assets in the financial sector. “The traditional financial system must recognize the role of digital assets,” Lummis added. The closure of Mallers’ accounts highlights the tension between cryptocurrency supporters and traditional financial institutions. While JPMorgan’s policies remain a point of contention, Lummis believes that change is necessary for the future of U. S. digital finance.
https://blockonomi.com/senator-cynthia-lummis-calls-for-end-to-operation-chokepoint-2-0-criticizes-jpmorgan/

Russian police arrest crypto exchange robber armed with fake grenade

Russian authorities have detained a young man who tried to rob a cryptocurrency exchange by threatening its staff with smoke and airsoft grenades. The attack comes amid rising numbers of criminal cases targeting crypto holdings and their owners, including through kidnappings and killings. Russian police arrest crypto robber in St. Petersburg A resident of Russia’s Leningrad Region has been arrested in St. Petersburg after attempting to rob a crypto exchange office at an apartment hotel. Local police said the attack took place late on Saturday, in the building located on Khersonskaya Street of the country’s second-largest city. The crypto robbery was prevented by officers who arrived at the scene after receiving a report about a noisy conflict that evening. The 21-year-old attacker used strikeball and smoke grenades, the regional department of the interior ministry detailed in a press release, quoted by Fontanka. ru, Gazeta. ru and other Russian media on Sunday. The man entered the office of the coin exchange service, detonated two of the airsoft grenades, and ignited the smoke bomb. Then, he demanded that the employees of the crypto trading platform transfer its cryptocurrency funds to a wallet of his own. The failed robber was apprehended with the help of servicemen from Russia’s National Guard, who came to the aid of the policemen. Bomb disposal specialists who inspected the area confirmed that the devices used in the attack were in fact airsoft replicas that create a lot of noise and smoke without causing serious damage. Another two of those were seized from the perpetrator. Russian authorities have opened a criminal investigation into the attempted robbery and a decision on whether the man should remain in pretrial detention is under consideration. Crimes targeting cryptocurrency are on the rise in Russia Cases in which criminals try to take hold of victims’ cryptocurrency have been growing in number over the past months and years. Russian crypto owners are increasingly facing hybrid attacks, where wallet hacks are accompanied by theft and threats of physical violence, the “Delovoy Peterburg” publication noted in a recent report, highlighting a surge in kidnappings. Perhaps the most remarkable example of this trend lately was the kidnapping of Russian crypto businessman and alleged scammer Roman Novak this past October. Believed to be a millionaire in cryptocurrency, Novak was abducted with his wife in Dubai. The couple was tortured and murdered by other Russians who apparently wanted to gain access to his wallet. There have been other, lower-profile cases. Two men were sentenced to eight years in prison this month for attacking a crypto blogger Ryazan and making him transfer over $160,000 worth of cryptocurrency to their wallets. The frequency of such crimes prompted Russian officials to take steps to legalize the seizure of digital assets within criminal proceedings, either for the state or to return them to their owners. In mid-November, the lower house of Russian parliament, the State Duma, adopted on second reading a bill designed to regulate the process. The draft law, which was submitted by the government earlier this year, establishes a mechanism for this type of confiscation. It also allows Russian law enforcement to seek assistance from foreign crypto platforms such as exchanges, as reported by Cryptopolitan. Also, this month, the Ministry of Internal Affairs in Moscow revealed that fake crypto investment offers rank among the favorite baits employed by Russian fraudsters this year. Join a premium crypto trading community free for 30 days normally $100/mo.
https://bitcoinethereumnews.com/crypto/russian-police-arrest-crypto-exchange-robber-armed-with-fake-grenade/

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