The Daily: South Korean police lose seized bitcoin, Binance France head targeted in failed home invasion attempt, and more
South Korean police lost 22 seized BTC, the head of Binance France survived a home invasion attempt, and a CEO was jailed for a Ponzi scheme.Summary
This edition of The Daily covers several key crypto incidents: South Korean police confirmed that 22 BTC, seized in 2021 and worth about $1.5 million, were drained from a cold wallet during an internal review, prompting an investigation into potential insider involvement. Separately, David Princay, the head of Binance France, was the target of a failed home-jacking attempt by three masked suspects who were later arrested. In legal news, Ramil Ventura Palafox, CEO of Praetorian Group International, was sentenced to 20 years for running a $200 million Bitcoin Ponzi scheme that defrauded over 90,000 investors. The newsletter also noted Tomasz Stanczak stepping down as Ethereum Foundation co-executive director and a class action lawsuit against Steve Bannon and Boris Epshteyn over the promotion of the 'Let's Go Brandon' memecoin.
(Source：The Block)