CyberSecurity

Alby, a widely used app among Bitcoin enthusiasts, is facing criticism from the community. According to recent reports, the platform has allegedly withdrawn funds from inactive Bitcoin wallets — without the users’ explicit consent.

🔍 What Happened?
Multiple users on forums and social media claim that Alby reset balances in certain shared wallets that had seen no activity for 12 months. The issue appears to affect older accounts created in 2023 or earlier.
While users argue they were not properly warned, Alby maintains that the policy was clearly stated in its terms of service.

📜 What Do Alby’s Terms Say?
According to Alby’s official website, shared wallets tied to inactive accounts may have their remaining balances removed after 12 months of no transactions. The company says this measure was introduced to “help manage inactive accounts.”
Alby insists users have been informed about this rule for a long time, but many argue the notices were not visible or clear enough.

🎯 Who Is Affected?
This controversial practice does not apply to active accounts. It also does not impact:

🔹 actively used wallets

🔹 Alby Hubs

🔹 fee credit balances

🔹 externally connected wallets

⚡ What Is Alby?
Alby is a popular browser extension that allows users to send and receive Bitcoin payments using the Lightning Network — directly through their web browser.
It's especially favored by Bitcoin users looking for a simple and efficient way to handle BTC without separate apps or hardware wallets.

💬 Final Thoughts
The crypto community is calling for more transparency and clearer communication from Alby, particularly regarding how the platform handles prolonged account inactivity. While the company defends its move as a technical necessity, critics see it as unjustified seizure of crypto assets.
❗ Are you using Alby? Check your account activity — you don’t want to be the next surprised user.

#CryptoWarnings , #bitcoin , #CryptoSecurity , #CyberSecurity , #CryptoNewss

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

🚨 The Rise of Crypto Kidnappings – A New Threat

In May 2025, a wealthy crypto investor, Michael Valentino Teofrasto Carturan, was kidnapped and tortured for 17 days in his $40,000-a-month Manhattan townhouse. His captors wanted access to his Bitcoin wallet, which allegedly contained $28 million.

✔️ The kidnappers used brutal methods, including electric shocks and threats with a chainsaw.

✔️ They forced Carturan to smoke crack cocaine, trying to break his will.

✔️ Despite the torture, he refused to give up his private keys, eventually escaping.

This wasn’t just another crypto crime—it was a terrifying real-world attack on digital wealth.

💰 The Kidnapping – How It Happened

🚨 Carturan was targeted because of his public crypto investments, making him an easy mark.

🚨 The attackers ambushed him in his home, turning it into a torture chamber.

🚨 After 17 days, he managed to escape, leading to the arrest of his captors.

For years, crypto crime was limited to online hacks, but now, it was spilling into the real world.

🔥 The Exposure – The Aftermath of the Attack

✔️ Authorities arrested the kidnappers, charging them with assault and attempted extortion.

✔️ Crypto security experts warned investors, advising them to keep their holdings private.

✔️ Insurance companies began offering policies for crypto kidnappings, recognizing the growing threat.

This case wasn’t just another Bitcoin theft—it was a wake-up call for crypto security.

⚖️ The Aftermath – A Warning for Crypto Investors

🚨 Crypto’s anonymity makes it attractive for criminals, but it also raises ethical concerns.

🚨 Regulators are tightening security, making laundering more difficult.

🚨 Blockchain transparency can expose hidden financial operations, proving that no entity is truly anonymous.

This scandal wasn’t just about money—it was a defining moment for crypto’s role in real-world crime.

🔮 Lessons Learned – What This Means for the Future

🚨 Crypto security must improve, as physical attacks are becoming more common.

🚨 Regulation is evolving, making it harder for criminals to escape justice.

🚨 Blockchain transparency is both a strength and a weakness, as it can expose criminals but also be exploited.

The story of Michael Carturan’s crypto kidnapping isn’t just speculation—it’s a real case that revealed the dark side of crypto crime.

$BTC

#CryptoKidnapping #BitcoinCrime #CyberSecurity
#CryptoHistory #Write2Earn 🚀🔥

On June 6, 2025, the DeFi platform ALEX Lab, operating on the Stacks blockchain, suffered a hacking attack that resulted in the theft of assets totaling $8.3 million. According to data from X, the attacker exploited a vulnerability in the self-listing logic, allowing them to withdraw 8.4 million STX, 21.85 $BTC , 149,850 USDC/USDT, and 2.8 WBTC. This is the second major breach of the platform in two years, following the attack in May 2024 for $4.3 million.

The President of Paraguay announced on his official X account that his country will recognize Bitcoin as legal tender.

The news was shared by Bloomberg, but it seems likely that the Paraguayan President's X account was hacked. A cryptocurrency wallet address was shared from the account.

The Paraguayan government has confirmed that the Paraguayan President's account was hacked.
#ParaguayBitcoinHack #bitcoin #BTC #CyberSecurity #blockchain
$BTC $ETH $BNB