An employee at a billion-dollar bank transferred a massive pile of cash from customer accounts without permission for his own purposes, according to the Federal Deposit Insurance Corporation (FDIC). In a new filing, the FDIC alleges that while working as an international sales representative at the International Bank of Commerce in Laredo, Texas, Martin Fernandez, Jr. “made unauthorized transfers of approximately $123,563” from the accounts of two customers between July of 2018 and August of 2021. According to the FDIC, Fernandez moved the money to three of his known associates. The US banking regulator says that one of Fernandez’s victims was an International Bank of Commerce customer who wanted to open a new account. After the account was opened, Fernandez then helped the customer transfer funds to the newly created account on or about July 18th of 2019. The following day, Fernandez made multiple transfers from the customer’s newly created account to an associate without authorization. Between five and seven months later, Fernandez made multiple unauthorized transfers from the same account to another associate without the customer’s permission. Fast forward to between July 20th of 2020 and August 12th of 2021, Fernandez also initiated multiple unauthorized transfers from the account of another customer to yet another associate. The banking regulator says that the former International Bank of Commerce employee has already been criminally charged. “On October 19, 2023, Respondent entered a guilty plea in the District Court of Webb County, Texas, to one count of third degree felony theft based on the misconduct just summarized.” The FDIC says Fernandez’s actions, which caused the International Bank of Commerce a financial loss, violated the law and constituted unsafe and unsound banking practices. Consequently, Fernandez is barred from working in US-based banks and other financial institutions regulated by the FDIC. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billion-Dollar Bank’s Employee Secretly Transfers $123,000 From Customer Accounts to His Associates: FDIC appeared first on The Daily Hodl .

2025-03-15 22:09

Crypto trader Ali Martinez is highlighting a layer-one altcoin that could appreciate by 30x. Martinez tells his 132,300 followers on the social media platform X that Solana ( SOL ) is developing a cup and handle pattern on the weekly time frame that could lead to a 2,915% surge. In technical analysis, a cup and handle pattern forms in the shape of a cup and is typically considered bullish if, after forming the cup’s handle, the price breaks out to the upside. “If confirmed, this setup could propel it toward $3,800.” Source: Ali Martinez/ X Solana is trading at $126 at time of writing. Next up is Dogecoin ( DOGE ). Martinez says that the largest memecoin by market cap is trading in an ascending channel on the weekly time frame. According to the analyst, Dogecoin could go parabolic if the $0.16 support level at the lower boundary of the parallel channel holds. Based on Martinez’s chart, it appears he’s suggesting that Dogecoin could go up to a price of over $20, a gain of around 115x from the current level. Source: Ali Martinez/ X Dogecoin is trading at $0.174 at time of writing. The widely followed analyst and trader also offers his outlook on Bitcoin ( BTC ). According to Martinez, Bitcoin is undergoing consolidation inside an ascending triangle in the one-hour time frame. In technical analysis, an ascending triangle is considered a bullish pattern that typically forms during an uptrend. A continuation of the upward price movement is confirmed when the price breaks out of the horizontal resistance line or the upper boundary of the ascending triangle pattern. “A breakout from this pattern could trigger a 9% price move.” Source: Ali Martinez/ X Bitcoin is trading at $84,979 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Says Ethereum Rival Forming Bullish Setup That Could Trigger 2,915% Rally, Updates Outlook on Dogecoin appeared first on The Daily Hodl .

2025-03-15 22:00

Two Wall Street giants say the US now faces a greater risk of economic contraction amid a deteriorating macroeconomic backdrop. JPMorgan Chase is raising its recession forecast for the US economy from 30% at the start of 2025 to 40% due to the uncertainty brought by President Trump’s directives including his trade war against China, Canada and Mexico, reports the Wall Street Journal. Says JPMorgan economists, “We see a material risk that the US falls into recession this year owing to extreme US policies.” Analysts at Goldman Sachs also believe the odds of a US economic downturn are on the rise, raising its 12-month recession probability forecast from 15% to 20% as Trump continues to be “committed to its policies even in the face of much worse data.” The news comes as billionaire “Bond King” Jeffrey Gundlach warns capital flight could hit US markets for years to come. In a webcast presentation, the founder and CEO of investment firm DoubleLine Capital LP says Europe may drain capital from US markets as the region looks to revive industrial production. “Net investment into the United States: from about $3 trillion years ago to more than $20 trillion. That helps the US outperform ex-US markets. With European countries needing to re-industrialize, that could lead to these flows to reverse. That could mean years, maybe decades, of European stock outperformance vs. US stocks.” According to Gundlach, we are now seeing signs that European equities are beginning to outperform the S&P 500. “US stocks vs. Europe have dropped almost to 2021 levels.” Source: DoubleLine Capital/X Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase, Goldman Sachs Abruptly Raise Recession Odds As ‘Bond King’ Says Macro Setup Could Trigger Decades of US Capital Flight: Report appeared first on The Daily Hodl .

2025-03-15 21:44

A California man was sentenced to more than seven years behind bars on charges related to operating an underground drug-trafficking market powered by Bitcoin ( BTC ) transfers. Federal prosecutors say John Khuu illegally imported counterfeit pharmaceutical and MDMA pills from Germany and subsequently used dark web markets to distribute the illicit substances to customers across the US. Khuu, 29, was paid in Bitcoin and other crypto assets, which he and his co-conspirators exchanged for US currency that was then laundered and transmitted to dozens of different accounts. The California resident was indicted in May 2022 in the Eastern District of Texas and charged with conspiracy to commit money laundering. Three months later, Khuu was also indicted in the Northern District of California and charged with unlawful importation of a Schedule I controlled substance. He was arrested by agents in Garden Grove, California a few days after the second indictment. Khuu’s arrest was the result of “ Operation Crypto Runner ,” a multi-agency law enforcement effort that resulted in a batch of charges filed against 21 individuals for their alleged involvement in transnational money laundering networks. Last year, Khuu pled guilty to conspiracy to commit money laundering, conspiracy to operate an unlicensed money-transmitting business and importation of MDMA. This week, U.S. District Judge J. Campbell Barker sentenced him to 87 months in federal prison. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post California Man Sentenced to More Than Seven Years in Prison on Charges Related to Bitcoin-Facilitated Drug Market appeared first on The Daily Hodl .

2025-03-15 20:45

Millions of debit and credit cards have been leaked on the dark web amid an explosion in the number of devices infected by data-stealing malware, according to cybersecurity and anti-virus firm Kaspersky. Kaspersky says that from 2023 to 2024, at least 2.3 million bank cards were exposed via infostealer malware and posted on the dark web. Over the same period, infostealer malware infected 26 million devices running Windows. The cybersecurity firm says bank card information is stolen in every 14th infection by this type of malware. According to Kaspersky expert Sergey Shcherbel, the actual number of devices infected by infostealers is most likely higher. “Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe.” The cybersecurity firm says the infostealer malware known as Redline was the most prevalent of the data-thieving malware, accounting for 34% of the total infections in 2024. Risepro, which primarily focuses on stealing banking card details and passwords, is another fast-spreading infostealer. “The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024.” According to Kaspersky, the Risepro infostealer, which is also targeting cryptocurrency wallet data, is spreading through software cracks, game mods and key generators. Kaspersky advises individuals and organizations monitor bank notifications, enable two-factor authentication and run full security scans on all devices to remain vigilant against these types of malware threats. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post 2,300,000 Credit and Debit Cards Leaked on Dark Web As Hackers Infect Millions of Devices, Drain Bank Accounts: Report appeared first on The Daily Hodl .

2025-03-15 18:48

A widely followed crypto analyst and trader is warning that an altcoin market bounce may end up being short-lived. In a new post, pseudonymous crypto trader Altcoin Sherpa tells his 243,900 followers on the social media platform X that alts may give up gains after bouncing based on historical precedence. He also says Bitcoin ( BTC ) may soon flip $84,000 into support and that the flagship crypto asset could maintain bullish momentum by breaking through the $89,000 level. “BTC looks like $84,000 is the first test that is going to break (to the upside) and we’re ok in that department. $89,000 would be my next level of interest overall. Alts looking like they’ll give a temporary bounce but not sure how strong (yet). Be on guard.” Source: Altcoin Sherpa/X Looking at his chart, the analyst suggests that if Bitcoin can regain $98,703 as support, the flagship crypto asset may print new all-time highs. However, he warns if $78,167 breaks down as support, Bitcoin may plummet into the $60,000 range. Bitcoin is trading for $84,154 at time of writing, up 4.6% in the last 24 hours. The analyst also warns that altcoins like the dogwifhat ( WIF ) memecoin may struggle for a long time to ever regain higher price targets if Bitcoin turns bearish. “It’s a lot more concerning for sh**coins this go around because BTC might actually be dead for a bit. In the previous drawdown, we had a lot more hope because we assumed BTC still had more upside. If BTC dies to $50,000 or w/e (whatever), these aren’t coming back for a very long time. See WIF.” Source: Altcoin Sherpa/X WIF is trading for $0.50 at time of writing, up 9.7% in the last 24 hours. He adds that altcoins may bounce even as they continue to print a bearish lower-high price structure. “As much as everything is dead and we’re truly in a bear market for altcoins, it’s important to remember that a bounce will come and alts can still do a few x from current levels. Markets don’t move in a straight line down. Bounce coming within the next one to two months in my opinion.” He shares the two-day chart of Ethereum ( ETH ) to illustrate the historical precedence of an altcoin bouncing amid a larger downtrend. Source: Altcoin Sherpa/X Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Be on Guard’: Trader Says Altcoin Bounce May Be Temporary, Tracks Bitcoin’s Next Targets appeared first on The Daily Hodl .

2025-03-15 18:10

New reports show JPMorgan Chase, Wells Fargo and Bank of America are closing the door on customers hit by fraud, rejecting their claims and refusing to reimburse their accounts. JPMorgan Chase refused to refund a customer in Northern California after a scammer used a fake driver’s license to initiate unauthorized withdrawals, reports the ABC-affiliated news station KGO-TV. Katrina, who preferred not to give her last name, says someone pretending to be her withdrew money from her Chase account without even having her bank card or PIN. The con artist, who is still at large, made two withdrawals from Katrina’s account totaling $1,500. Katrina filed a police report and the next month, she received a letter from Chase telling her that the bank has denied her claim, alleging that she both authorized and benefited from the withdrawals. After Katrina reached out to the local news for help, the bank reversed its decision. Meanwhile, Wells Fargo has told a customer in South Carolina that she’s out of luck after falling victim to scammers pretending to work at the bank’s fraud department, reports the NBC affiliate WGAL. Stephanie Zufall received a message asking her to verify a $1,300 Apple Pay transaction. She replied “no” and soon received a call from someone posing as a Wells Fargo representative. The scammer tricked Zufall into depositing $3,000 into an ATM via her mobile wallet, then stole it by linking her account to his. Wells Fargo denied her claim and in response to the news report, says it’s re-opened the investigation. Lastly, Bank of America says it will not reimburse an aspiring entrepreneur’s account after she lost $20,000 to a scammer impersonating the bank. The customer says she received a call from a spoofed number matching BofA’s support number on her debit card, reports the ABC-affiliated WLS-TV. The scammer convinced her to transfer the money to supposedly protect it, only for her to later discover that she had been deceived. Bank of America says it’s not liable and its real staff would never ask customers to send money over the phone. The customer says the loss has forced her to abandon plans to start a new business. “I’ve been working 10 to 13 hours plus with no break. I have to expedite that money that was stolen from me, and it wasn’t just stolen from me, but stolen from my kids, too.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase, Wells Fargo and Bank of America Refuse To Reimburse Customers After Scammers Attack Accounts: Reports appeared first on The Daily Hodl .

2025-03-15 16:30

United Kingdom prosecutors allege an officer working for the country’s National Crime Agency (NCA) stole 50 Bitcoin ( BTC ) back in 2017. The Crown Prosecution Services authorized Merseyside Police to charge NCA officer Paul Chowles with 11 counts of concealing, disguising, or converting criminal property, three counts of acquiring, using or possessing converting criminal property and a single count of theft. The 50 BTC was priced at £60,000 ($77,658) back in 2017 and is worth £3.26 million ($4.2 million) at time of writing. Chowles, 42, is set to appear at Liverpool Magistrates’ Court on April 25th. The officer’s charges materialized less than a year after new UK legislation granted additional crypto-related powers to the NCA and police. The expanded powers enable UK authorities to seize crypto from “sophisticated criminals” who remain anonymous or are based overseas. The police are also empowered to seize physical items related to crypto investigations, like flash drives and written passwords. Additionally, UK police are now allowed to destroy a crypto asset “if returning it to circulation is not conducive to the public good,” and victims of crypto crime will be empowered to apply for the return of digital assets stolen from them. Chief Crown Prosecutor Adrian Foster argued last year that the expanded powers were necessary in an era when criminals are leveraging crypto technology. “Crypto assets are often used by criminal gangs to launder their criminal profits internationally at the touch of a button. It is vital that investigators and prosecutors have the capability and agility to keep pace with this changing nature of crime, [and] these new measures will greatly assist our ability to restrain, freeze, or eliminate crypto assets from illegal enterprise.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post UK National Crime Agency Officer Stole 50 Bitcoin (BTC) in 2017, Prosecutor Alleges appeared first on The Daily Hodl .

2025-03-15 15:30

A US judge is granting a motion to greatly expand the claim of the failed crypto hedge fund Three Arrows Capital (3AC) against the defunct crypto exchange FTX. According to new court filings, a judge is granting an expansion to 3AC’s claim against FTX, bringing its total up to a staggering $1.53 billion from just $120 million. The document says that FTX, which went bankrupt in 2022 under the leadership of chief executive Sam Bankman-Fried, liquidated $1.53 billion worth of 3AC’s assets on the platform just two weeks before 3AC went under itself. “Liquidators had learned that as of June 12th, 2022, 3AC had approximately $1.53 billion of assets on the FTX platform, and that between the close of business on June 12th, 2022, and the close of business on June 14th, 2022, nearly all of those assets were liquidated. The Liquidators’ analysis further showed that as of the close of business on June 12th, 2022, 3AC had a purported liability (called a ‘negative USD balance’) of approximately $1.3 billion which, in the Liquidators’ view, 3AC’s assets were liquidated to eliminate. In other words, the information obtained by the Liquidators in the year since they filed their Original POC led them to the new conclusion that just two weeks before the commencement of the 3AC Liquidation, the $1.53 billion of assets that 3AC had on the FTX platform were liquidated to satisfy $1.3 billion in liabilities to FTX.” 3AC was hit hard and subsequently failed to meet its margin calls after the Terra (LUNA) ecosystem collapsed in 2022, causing $40 billion to vanish from the digital assets industry. Around that time, 3AC was hit with a notice of default on a $665 million debt owed to the crypto hedge fund Voyager Digital. FTX also went bankrupt after the collapse of Terra. Bankman-Fried was later found guilty of defrauding investors and mishandling billions of dollars worth of customer funds. He was found guilty in 2023 and sentenced to decades behind bars. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Judge Grants Motion Expanding Three Arrows Capital’s Claim Against Bankrupt Exchange FTX to $1,530,000,000 appeared first on The Daily Hodl .

2025-03-15 13:45