A significant portion of the $1.4 billion in cryptocurrency stolen during Bybit hack by North Korea’s Lazarus Group has become untraceable, according to the exchange CEO Ben Zhou. In a tweet detailing the current status of the hacked funds – approximately 500,000 ETH – the exec reported that 27.59% have gone dark, largely due to […]
More Than a Quarter of Bybit’s Hacked Crypto Is Now Untraceable Read More »
Decentralized exchange platform KiloEx revealed that it has recovered the entire $7.5 million stolen from it in a recent exploit. According to an April 18 statement: “We are pleased to announce that we have successful recovery of all stolen funds related to the recent security incident.” The exploit was first flagged by Cyvers, a blockchain
kiloEx recovers $7.5M after promising attacker 10% bounty Read More »
Bitcoin Magazine Crypto Privacy Legalized? Tornado Cash and Samourai Cases Suggest Uncertainty Remains Last week, Deputy Attorney General (DAG) Todd Blanche sent a memo to employees of the Department of Justice, directing the agency to stop prosecuting mixers, exchanges, and “offline wallets” for the criminal conduct of their users. Understandably, the community broke out in
Crypto Privacy Legalized? Tornado Cash and Samourai Cases Suggest Uncertainty Remains Read More »
Last month, the Treasury lifted sanctions on Tornado Cash. In response, many rekindled their calls for the Trump administration to drop the charges against Keonne Rodriguez and William Lonergan Hill, the developers of Samourai Wallet who are currently being prosecuted in the Southern District of New York. What many appear to have missed is that
Pro Crypto, Anti Privacy: Will Trump Free Samourai? Read More »
In an ironic twist of fate, the hacker behind February’s $9.57 million exploit on zkLend has allegedly fallen victim to another scam. The suspected criminal claimed in an on-chain message that they lost 2,930 ETH, worth about $5.4 million, while trying to launder the stolen funds through Tornado Cash. The zkLend Hack zkLend also confirmed
zkLend Hacker Loses $5.4M to Tornado Cash Scam Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Department of the Treasury is facing backlash over its claim that a final court ruling on the Tornado Cash lawsuit is moot after delisting the crypto-mixing protocol from its sanctions list. Coinbase’s Chief Legal Officer (CLO) argued that a final
US Treasury Attempts To Dismiss Final Ruling Read More »
The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges. “Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments,
US Treasury Removes Tornado Cash From OFAC Sanctions List Read More »
The U.S. Treasury has officially removed economic sanctions on Ethereum-based transaction mixer Tornado Cash, citing a reassessment of legal and policy issues related to digital financial activities. In a press release the U.S. Treasury said, in a Monday court filing for Van Loon v. Department of the Treasury, officials stated that evolving technology and financial
US Treasury Removes Sanctions on Ethereum Mixer Tornado Cash Read More »
Key Takeaways: The U.S. Treasury’s stance favours strict oversight rather than embracing blockchain’s built-in transparency, risking innovation before it can fully develop. While the government targets Tornado Cash to stop criminals like the Lazarus Group, critics argue that traditional banks are still widely used for money laundering. If working on open-source projects could lead to
