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Muslim Avdeev
Muslim Avdeev

How Could Political Change Unrest Affect Crypto In 2020


Joanna Lillis, writing in Eurasianet on 7 January, described Tokayev's shoot to kill declared policy and his terminology, including "bandits and terrorists ... to be eliminated", as resembling that of Russian president Vladimir Putin. Lillis saw this as a significant change from Tokayev's earlier promises of liberalising the political situation and consulting civil society.[126] She interpreted the dismissal and arrest of Karim Massimov, head of the National Security Committee and close to Nazarbayev, together with a statement by Nazarbayev's former adviser Ermukhamet Ertysbayev that a coup d'état had been attempted, as signs of a significant shift of power within the Kazakh political elites from Nazarbayev to Tokayev. She considered the claims of an attempted coup d'état to be credible.[127] Other analysts dispute this, as no details were provided upon Massimov's arrest on what actions could have represented an attempted overthrow of the government.[128]




How Could Political Change Unrest Affect Crypto in 2020



Hans-Henning Schröder, a political scientist and expert on Russia, told Deutsche Welle: "All of Russia's major neighbors have been rocked by social unrest. If I were in the Kremlin, I would start to worry about whether Russia could be next."[129]


On January 17, 2022, major cryptocurrency exchange Crypto.com suffered a cyber attack that led to unauthorized withdrawals of bitcoin and Ether worth $35 million and affected at least 483 user accounts.


On January 17, 2022, major cryptocurrency exchange Crypto.com suffered a cyber attack that led to unauthorized withdrawals of bitcoin and Ether worth $35 million and affected at least 483 user accounts. The exchange has subsequently instituted strict 2FA measures a fund restoration program for qualifying users.


On June 19, 2018, approximately $31 million in virtual currency was stolen from BitHumb, a South Korean cryptocurrency exchange, marking the third theft in the last 16 months. In August 2019, the UN Security Council Panel of Experts indicated DPRK-affiliated actors were behind the theft. Proceeds were laundered through a separate crypto-currency exchange called YoBit. The company stated they would compensate customers affected.


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