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#Bitcoin bears are calling for lower prices, but after five months of consolidation, BTC is trading at the same level it was back in March.

A long consolidation like this usually leads to a massive breakout.

In a matter of 18 minutes, a hacker drained nearly $200 million worth of crypto in the largest heist of the year. Just three weeks later, he reversed the transactions to return everything he stole.

In a Coinage exclusive, the hacker explains himself.

#Crypto exchanges are playing a short game of regulatory arbitrage, all carried out in an effort to make as much fiat as possible before their inevitable demise," said the former #SEC official.

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