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Tag Archives: Altcoin News

Fractal ID Data Breach Caused by Vulnerability Leading Back to 2022

Fractal ID, an on-chain identity platform, suffered a hack on July 14th, 2024, causing the sensitive data of 0.5% of its users, or 6,300 accounts, to be revealed to the bad actors. Analysis of the incident revealed that the breach occurred due to an operator with admin controls setting an insecure password in 2022. The password was a reused one, breaking operational security best practices and allowing the hacker to grab sensitive user-related data, including wallet addresses, KYC details,...

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Tornado Cash Saw Inflows of About $2 Billion This Year Despite Sanctions

Tornado Cash recorded volumes of $1.9 billion in the first half of 2024, data reveals. Large amounts were deposited in the privacy-enabling mixer despite the Office of Foreign Assets Control (OFAC) sanctioning the application. The sanction forbids users from using the application, failing which users cannot exchange their crypto for fiat on US-based exchanges. Wallets interacting with the mixer are blacklisted and prevented from accessing exchange servicers. Tornado Cash is frequented by...

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