A taban in activity was marked by a sharp decline in the number of transactions and a spike in demand from long-term holders may underpin the bitcoin price.
The MetaMask creator survived by having redundant backup accounts, said Lubin, who was also personally targeted.
Riot mined 527 bitcoin in January, the highest amount since December 2023.
The blockchain's native token ether has underperformed bitcoin and other altcoins in recent months, the report noted.
Last May, Pertsev was sentenced to 64 months in prison for money laundering.
BTC struggles amid weak on-chain activity while gold shines bright ahead of the pivotal U.S. nonfarm payrolls report.
VanEck predicts M2 money supply will grow to $22.3 trillion by 2025 from the current $21.5 trillion, boosting crypto markets and top tokens such as SOL.
Renewed trade war, coupled with mass deportations, could add to inflation. BTC's weakness likely reflects those fears.
Altcoins fared far worse than bitcoin as the new U.S. president seemingly ignited a trade war.
The White House confirmed sizable tariffs on Mexico, Canada and China will go into effect tomorrow.