Israeli Man Indicted for Stealing $9 Million Worth of Dash, Nearly 1% of Its Supply

Francisco Memoria

An Israeli man, Afek Zard, has reportedly been indicted over the alleged theft of 74,990.74 Dash, or over $9 million worth of the privacy-centric cryptocurrency, equivalent to nearly 1% of its circulating supply.

According to local news outlet News1, Zard managed to steal the equivalent of 0.85% of Dash’s circulating supply as he was close to the victim, Alexei Yaromenko, who was reportedly an early cryptocurrency investor who has been accumulating since 2013.

Dash wasn’t launched until 2014, and even then it was trading at less than $1 per coin. At press time, CryptoCompare data shows it’s at $123, although at the time of the alleged theft Dash was trading at $85.

Per the Israeli news outlet, Yarmonlenko taught Zard how cryptocurrencies work and helped him start trading them himself. The indictment document filed by Giora Hazan, Yarolenko’s attorney, reveals Zard had access to the victim’s residence, and took advantage of his absence.

Data shows the allegedly stolen Dash was in Yaromenko’s wallet until March 1, but were soon transferred out once Zard allegedly used the victim’s computer. The funds were sent to four wallets believed to be controlled by Zard, which is now being accused of theft, money laundering, and more.

Notably, Dash adoption has seemingly been on the rise. A Dash-enabled smartphone has been gaining popularity in Venezuela, and ransomware operators have started to demand the cryptocurrency – along with bitcoin – whenever they encrypt the files in a victim’s computer.

Earlier this year, however, it has been reported that a single entity could be controlling 51% of the cryptocurrency’s hashrate. This, as analysis conducted by a Reddit user found three of the four top Dash wallets were controlled by one entity, which as of January of this year had mined 26,665 Dash.

Crypto Market Update: Focus on BTC, ETH, BCH, BNB, XMR, and DASH

Siamak Masnavi

This article provides a quick overview of how the crypto markets have been doing—with the focus on Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Binance Coin (BNB), Monero (XMR), and Dash (DASH)—over the past 24-hour period.

Overall, September 17th is proving to be a bit of a mixed day, with 12 of the top 20 cryptocurrencies (by market cap) in the red at press time (around 06:25 UTC).


BTC-USD 24 Hour Chart - 17 Sep 2019.png

The bad news is that are still waiting for the launch of Bakkt's physically-delivered daily and monthly Bitcoin futures contracts. So, Bitcoin is still trading mostly sideways, hovering around the $10,300 mark. The good news is that the launch is expected to take place in less than one week (i.e. on September 23), as was confirmed by this tweet that Bakkt sent out on September 16:


ETH-USD 24 Hour Chart - 17 Sep 2019.png

The Ether (ETH) price continues its upward movement toward the $200 mark, up another 2.24% in the past 24-hour period (making it up 4.32% in the past 7-day period). What may have helped the Bitcoin price yesterday (September 16) is the announcement by crypto payment processor BitPay that in the near future it will be possible for its customers to accept Ether payments for purchases of goods and services. Also, the BitPay wallet will support Ether.

Ethereum co-founder Vitalik Buterin had this to say about the news:

"It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems. This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real world use cases for cryptocurrencies.


BCH-USD 24 Hour Chart - 17 Sep 2019.png

On Monday (September 16), announced that it had entered into a strategic partnership with Taiwanese smartphone manufacturer HTC, as a result of which the wallet will come preinstalled on HTC's current and upcoming blockchain phones (Exodus 1 and Exodus 1s):


BNB-USD 24 Hour Chart - 17 Sep 2019.png

Although BNB is currently in the red, this may change during the next several hours once all of the six mini announcements that Binance plans to make today have come out:

The first of the six announcements that Binance CEO Changpeng Zhao (aka "CZ") referred to is the addition of support for Cosmos (ATOM) to Binance's Margin Trading platform:


XMR-USD 24 Hour Chart - 17 Sep 2019.png

OKEx Korea announced on Monday (September 16) that it intends to delist all five privacy coins it is currently supporting, i.e. XMR, DASH, ZEC, ZEN, and SBTC, due to concerns that these cryptocurrencies do not allow it to implement FATF's so-called "travel rule". 10 October 2019 is the date on which transaction (i.e. trading) support ends.


DASH-USD 24 Hour Chart - 17 Sep 2019.png

Since OKEx Korea's delisting announcement mentioned DASH, you would expect it to be down today, just like XMR. However, it is not, and that is very likely due to the fact that today (September 17) is the day that trading in DASH is expected to start on Coinbase Pro on/after 09:00 PST (16:00 UTC) provided that there is sufficient liquidity.

Featured Image Court: Photo via