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Tag Archives: Tornado Cash

Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash

The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023 recently transferred over 1,100 Ether (ETH) to sanctioned crypto mixer Tornado Cash. The hacker sent the Ether in batches while still holding over $180 million worth of assets across different blockchains. Poloniex Hacker Launders 1,120 ETH According to data from Arkham Intelligence, the Poloniex hacker transferred 100 ETH in 11 batches to Tornado Cash, brining to the total to 1,100 ETH (worth...

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Another Tornado Cash Activity Flagged: Stolen Funds From HECO Bridge Exploit Moved

In August 2022, the US Treasury Department’s Office of Foreign Asset Control (OFAC) imposed sanctions on Tornado Cash, prohibiting its usage for US citizens, residents, and companies. But this has not deterred hackers from moving stolen funds through the controversial crypto tumbler to obfuscate tracking. In fact, PeckShield’s latest update reveals that exploiters of the HECOBridge have moved over 40,391 ETH, valued at around $145.7 million, executing 19 outgoing transactions...

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Tornado Cash Vulnerability: Developers Flag Deposits’ Risk Since January 1st

Deposits made to Tornado Cash using IPFS gateways through IPFS gateways like – ipfs.io, cf-ipfs.com, and eth.link – may have been compromised, potentially exposing users’ deposited funds to risk, according to pseudonymous Tornado Cash developer ‘Gas404.’ Affected users were advised to take immediate action to safeguard their deposits. User Deposits Vulnerable According to a blog post by Gas404, the community made a startling discovery about the presence of malicious...

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Chainalysis: YoMix Emerges as Top Bitcoin Mixer After Tornado Cash, Sinbad Shutdowns

After sanctions were imposed on Tornado Cash and Sinbad was shut down following similar actions against the platform, Chainalysis revealed that YoMix, a Bitcoin mixer, has stepped in as an alternative. Recent discoveries by the blockchain analysis firm show that a wallet linked to North Korean hacking operations received funds from YoMix, whereas it used to receive funds from Sinbad. Lazarus Group Shifts Mixer Tactics Sophisticated cybercriminal groups like Lazarus Group have...

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Mysterious $1.6 Million CrypToadz NFT Purchase Leaves NFT Community Puzzled

The reason for the surprise was that the average sale price for CrypToadz is typically under $1,000, making the sudden hundredfold increase in value in a short period of time seem questionable to experts. On October 9th, an anonymous crypto user bought a CrypToadz NFT on the popular NFT marketplace OpenSea for a shocking price of 1,055 Wrapped Ethereum (wETH), equivalent to around $1.6 million. This expensive purchase of a single non-fungible token representing one of over 6,000...

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Tornado Cash Co-Founder Pleads Not Guilty to Money Laundering and Other Charges: Report

Tornado Cash developer Roman Storm has reportedly pleaded ‘not guilty,’ denying all charges related to money laundering exceeding $1 billion, including allegations connected to a cybercrime group associated with the North Korean government and violations of United States sanctions. Storm, who is a naturalized US citizen and the co-founder of the controversial coin mixer, was granted release on a $2 billion bond shortly after his arrest in August. Dev Pleads Not Guilty...

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South Korea Legislators Plans to Submit Bill to Track and Neutralize Digital Assets Stolen by North Korea Hackers

The North Korean government is said to sponsor hackers to steal digital assets and fund its military operations, with on-chain analysis suggesting they have siphoned over $2 billion since 2018. The Republic of Korea (South Korea) is reportedly working on a bill to track and seize digital assets stolen by hackers from North Korea. According to a local media outlet, the Korea JoongAng Daily, government sources have confirmed that the bill is in the pipeline in a bid to strengthen the...

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Tornado Cash Co-Founder Freed on Bail

Roman Storm – one of the co-founders of the crypto mixer Tornado Cash – is no longer detained, currently being out on bail. The US authorities arrested the individual earlier this week over allegations that his entity facilitated money laundering operations and was involved with the North Korean hacking collective – the Lazarus Group. ‘Disappointed With the Arrest’ Roman Storm’s attorney – Brian Klein – revealed that his client is out on bail (without disclosing the amount of...

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Tornado Cash Co-founders Charged with Money Laundering Violations, Arrested by FBI

CoinspeakerTornado Cash Co-founders Charged with Money Laundering Violations, Arrested by FBI The US Treasury Department noted that even after Tornado Cash founders knew that the Lazarus Group was using the crypto mixer to launder funds, they continued offering hem the services. Tornado Cash Co-founders Charged with Money Laundering Violations, Arrested by FBI

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