The price of crypto mixer Tornado Cash’s governance token TORN saw a strong recovery after the hackers behind a recent attack on the protocol appeared to offer to reverse the attack. According to a post published in Tornado Cash’s governance forum by a user named Tornadosaurus-Hex, the attacker has posted “a new proposal to restore…
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Tornado Cash developer Alex Pertsev will be released under surveillance after spending nearly nine months in prison over allegations of facilitating money laundering. According to Eléonore Blanc, founder of crypto education platform CryptoCanal, who was present at the court hearing, the crypto developer will be released on April 26 but under surveillance, meaning he will…
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Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17…
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Soleimani explained that the “critical flaw” with Tornado Cash is that users cannot prove that they’re not associated with a criminal enterprise stealing or laundering crypto funds. A former Tornado Cash developer claims to be building a new crypto mixing service that aims to solve a “critical flaw” of the sanctioned crypto mixer — which…
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Despite the sanctions on the crypto mixing service, the bad actors behind January’s biggest exploit have deposited millions worth of funds into Tornado Cash. The suspected actors behind the $6 million exploit of decentralized finance (DeFi) lending protocol Lendhub have just sent more than half of their ill-gotten gains from January into sanctioned crypto mixer…
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Kevin O’Leary believes U.S. lawmakers are “fatigued” and “pissed” with the cryptocurrency industry after having to deal with one blowup after another. Shark Tank investor and venture capitalist Kevin O’Leary has urged crypto exchanges to “get on board with regulation” if they want to “stay out of the way” of Gary Gensler and the United…
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The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work. Cryptocurrency exchanges Binance and Huobi have again frozen accounts linked to last June’s $100 million Harmony Horizon bridge hack. Around $1.4 million worth of crypto frozen by the trading platforms came from accounts…
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While the Senator did not expand on other details of the upcoming bill, she suggested that DeFi should not be exempt from AML laws. A bi-partisan Anti-Money Laundering (AML) bill that covers “decentralized entities” such as decentralized finance (DeFi) protocols and decentralized autonomous organizations (DAOs) will soon be reintroduced to Congress, according to United States…
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Back in November, the percentage of Ethereum blocks complying with orders from the Office of Foreign Asset Control peaked at 79%. The percentage of Ethereum blocks complying with orders set by the United States Office of Foreign Asset Control (OFAC) has now fallen to 47% — the lowest level since Oct. 11. The latest milestone…
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Vitalik Buterin, the co-founder of Ethereum, recognizes the privacy problem in the most active smart contracting platform. He is proposing a stealth address system as a possible fix. Vitalik Buterin’s idea radically differs from what Tornado Cash, a crypto mixer, and similar platforms offer. Instead of the sender having control, it would be the recipient in charge.…
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