#Bitfinex Hacked, Loses Bitcoins#

The US government has said in court filings that the 94,000 BTC stolen in the 2016 Bitfinex hack should be returned to the cryptocurrency exchange in kind. The incident has raised concerns about the security and regulation of cryptocurrencies. Meanwhile, Hong Kong-based regulated digital asset financial services provider HashKey Group predicts that Bitcoin will break through $300,000 this year, with Ethereum breaking through $8,000, pushing the total cryptocurrency market capitalization to $10 trillion. This prediction indicates that institutional investors remain bullish on the long-term prospects of cryptocurrencies despite recent market fluctuations. South Korea is also planning to draft a follow-up cryptocurrency regulatory framework by the end of 2025, focusing on transparency and accountability of exchanges and stablecoin issuers, which will further promote the healthy development of the cryptocurrency industry.