As of October, the FBI owned 1.5 percent of all the world’s bitcoin, Forbes reported. Less than a quarter-million people own a single bitcoin, although the number of accounts holding one bitcoin has grown from 159,916 to 246,377. The Financial Express In a recent courtroom revelation, a 35-year-old New York resident, Ilya “Dutch” Lichtenstein, confessed to orchestrating the original 2016 cyberattack on Bitfinex. In a federal court in Washington, D.C., Lichtenstein pleaded guilty to laundering the stolen Bitcoin and acknowledged his involvement in the Company Website robbery, CNBC reported. In addition, regulatory developments are shaping the market for crypto wallets. Governments and regulatory bodies are beginning to establish guidelines and requirements for crypto wallet providers to enhance security measures and mitigate risks related to illicit activities like money laundering and fraud. Compliance with these regulations has become crucial for wallet providers to gain trust and attract users.