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Tag Archives: News

Scammer Returns Portion of the Funds They Stole From the Victim

In a surprising turn of events, a scammer who stole $24.2 million from a victim has returned $9.3 million to them. The funds were sent via two transactions using the DAI stablecoin—the first transaction occurred on July 8 and was worth $5.23 million, and the second $4.04 million on July 13. They stole these funds on September 6, 2023, by orchestrating a phishing scam, siphoning away 9,579 Lido Staked Ether (stETH) and 4,850 Rocket Pool (rETH) tokens. Those tokens are worth about $47 million...

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Tornado Cash Developer Denied Bail

Alexey Pertsev, a Tornado Cash co-creator, was denied bail for the third time. He will spend the rest of the year behind bars as his legal team prepares an appeal against the money laundering charges. He was also denied access to a computer to prepare for his appeal. The court said that offering him that privilege would bypass its security protocols. Moreover, it has previously claimed that approving Pertsev’s request for supervised release would not make sense as he poses a flight risk. A...

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Trump Assassination Attempt Sends Related Memecoins Prices Up

A failed assassination attempt on former US President and 2024 presidential nominee Donald Trump has caused Trump-related memecoins to surge in price. Simultaneously, his odds to win this year’s presidential election shot up on the prediction market Polymarket. MAGA (TRUMP), the largest Trump-related memecoin by market cap, rallied up by 30% immediately after the incident. Its price went from $6.31 to $10.36, taking its market cap up by the hundreds of millions, from $293 million to $469...

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