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ĀTHŌS Private Wealth Launches First of Its Kind Crypto Investment Platform

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Āthōs Private Wealth Launches First Of Its Kind Crypto Investment Platform
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Multi-Family Office Offers High-Touch Crypto Services Through Separately Managed Accounts

SALT LAKE CITY–(BUSINESS WIRE)–ĀTHŌS Private Wealth, a modern financial investment firm for founders, executives, and professionals, announces the launch of an industry-first crypto investment solution. The private wealth organization created the innovative service ĀTHŌS Crypto, a managed crypto business part of ĀTHŌS Private Wealth.

Founded by Robbie Shattuck during the 2020 pandemic, ĀTHŌS Private Wealth stemmed from a decision to challenge the status quo of the private wealth industry. Built on a strong ethos of values and focused on doing the right thing for the client, ĀTHŌS Private Wealth is the response to the needs of a modern world. It is one of the first multi-family offices on the market that enables clients to invest across all assets, including direct access to crypto, through a full-service platform. ĀTHŌS has brought on Will Rossiter as Chief Investment Officer of ĀTHŌS Crypto. ĀTHŌS aims to be the premier value-based private wealth organization for entrepreneurs.

ĀTHŌS continues to develop into an industry innovator while setting the highest standard of crypto investment for our clients,” said Robbie Shattuck, CEO & Founder of ĀTHŌS. “There are currently very few full-service advisor-managed crypto solutions in the market today. Our clients were previously managing such digital assets on their own, while also running their companies. We built a solution that allows them the same level of access– but gives them back all the time. We are handling all facets of crypto investing, which include: portfolio management, trading, cold storage, cold staking, and crypto tax preparation. ĀTHŌS will continue to expand by offering high-touch financial services with industry-first platforms.”

In the upcoming months, ĀTHŌS will make further announcements regarding expansion and new offerings. These services will continue to better serve clients looking to bolster their financial strategies.

To learn more about ĀTHŌS offerings, visit https://athoswealth.com and for more information on the new investment platform visit https://athoscrypto.com/.

About ĀTHŌS Private Wealth

ĀTHŌS Private Wealth was started by Robbie Shattuck in 2020 with an overarching goal of providing modern investment solutions to clients. Since then, the company has continued to innovate and bring to the forefront some of the most creative financial solutions for founders, executives and professionals alike. Advisory services are offered through ĀTHŌS Private Wealth LLC, a California and Utah Registered Investment Advisor. Being registered as an investment adviser does not imply a certain level of skill or training. Please see our ADV Brochure for more information.

Contacts

Alicia O’Connell

[email protected]

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CertiK Uncovers Suspicious $2.4M Payments Into Tornado Cash

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Certik Uncovers Suspicious $2.4M Payments Into Tornado Cash
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  • The money movement is linked to the October 2021 BXH Exchange breach.
  • GitHub reinstated the Tornado Cash code in “read-only” mode.

On Saturday, crypto security company CertiK said that it had uncovered a suspicious $2.4 million payment into the cryptocurrency mixer Tornado Cash. Information suggests the money movement is connected to the October 2021 BXH Exchange breach. It resulted in a loss of $139 million. Although the U.S. Treasury’s Office of Foreign Asset Control (OFAC) has placed sanctions on the crypto mixer. However, the exchange is still being used to move money.

The theft of over 4,000 ETH worth $139 million from the BXH Exchange at the end of October is likely connected to the transfer of funds.

Hackers Defying Sanctions

The address 0x158F5 is held by a third party and used the Binance Smart Chain and Avalanche staking contract’s privileged method to retrieve staked tokens and withdraw cash. The tokens were then transferred to Ethereum using the address.

CertiK reports that the staking contract holding the funds and locations was previously released by a Telegram group formed by persons affected by the BXH Exchange. Tokens with a bridging ERC-20 standard were converted to ETH at the address in question. To date, almost $2.4 million in value has been transferred into Tornado Cash, represented by 1865 ETH tokens.

Even after the Office of Foreign Asset Control at the U.S. Treasury banned suspicious transactions on Tornado Cash in August, the service is still accepting them. The crypto mixer platform has just received a transfer of 500 thousand DAI from EOA 0x0B789. The money transfer was associated with an exploit in DAO Maker.

After receiving confirmation from the Office of Foreign Asset Control of the United States Treasury, GitHub reinstated the Tornado Cash code in “read-only” mode.

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Whale Alert: 270 Million XRP ($130M) Bought by Whales

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Ripple (Xrp) Price Jumps To New Four-Month High
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  • The largest ever buy was on the Bitso crypto market for 54.1 million XRP.
  • XRP prices have increased by around 50% during the last week.

The native XRP token of Ripple has seen the most growth over the previous seven days. While Bitcoin and Ethereum have both had big price declines recently, XRP has seen a sharp increase. The current price increase of XRP may be attributed to a number of factors. Whales hoarding Ripple tokens is one instance.

Tokens worth around $130.2 million in XRP, almost 270M XRP have been transmitted from several cryptocurrency exchanges to many unknown addresses in the past 24 hours, according to data from Whale Alert. The largest ever buy was on the Bitso crypto market for 54.1 million XRP. Approximately $27.5 million worth of XRP coins were purchased by Whale all at once.

High Volatility Expected After Judgement

However, whales have been buying up XRP on the Bitstamp platform to the tune of nearly $84.1 million. To their XRP holdings, whales have just added more than $41.4 million over many trades. Meanwhile, a massive transaction involving 132 million XRP (about $62.1 million) was also spotted by the whale tracker.

Since the SEC and Ripple submitted their summary judgement papers, there has been a dramatic increase in the whale stockpiling of XRP tokens. The current increase was caused by new court documents. It also noted a surge in the number of active addresses holding between 1 and 10 million XRP tokens in late 2022.

On the other hand, XRP prices have increased by around 50% during the last week. Since word of the case’s resolution circulated favorably across the market, this is the result. At this moment, the price of XRP is $0.5015 as per CMC.

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California Governor Vetoes Crypto Regulation Bill

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Following Aftermath Of Recent Slump Bitpanda Announces Workforce Layoff
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