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Heco Bridge Hacker Moves $137 Million in Stolen ETH to Tornado Cash
24.3.2024
In a recent development observed by onchain alerts, the entity responsible for exploiting the Heco bridge and siphoning off millions in ethereum late in November 2023 from the conduit bridge connecting Ethereum and the Heco blockchain, transferred 40,391.8 ether to the mixing platform Tornado Cash....
Dutch Prosecutors Reportedly Charge Tornado Cash Developer With Money Laundering
21.3.2024
Alexey Pertsev, a developer for Tornado Cash, has reportedly been indicted by prosecutors in the Netherlands. They accuse him of laundering $1.2 billion. Pertsev’s attorney confirmed the prosecutors’ intent to charge his client. According to Dutch prosecutors, while a crypto-mixing...
Tornado Cash Dev Pertsev's $1.2B Money Laundering Allegations Detailed Ahead of Dutch Trial
20.3.2024
Pertsev's trial is set to take place on March 26 and 27 in a 'S-Hertegonbosch court
North Korean Hackers Used Tornado Cash to Launder $12M From Heco Bridge Hack: Elliptic
14.3.2024
Notorious North Korean hackers Lazarus Group has returned to sanctioned coin mixing service Tornado Cash to launder $12 million worth of ether {{ETH}}
Arbitrum Proposal to Fund Tornado Cash Developers Defense Withdrawn
11.3.2024
A proposal aiming to contribute to funding the legal defense of the developers of Tornado Cash, the Ethereum-based mixing platform, was removed by the Arbitrum community over apparent legal concerns. Devansh Mehta, lead of the working group of the Arbitrum treasury, criticized the move, stating...
Arbitrum Community Reverses Decision on Funding Tornado Cash Developer Legal Defense
11.3.2024
The Arbitrum DAO has retracted a proposal that aimed to provide financial support for the legal defense costs of Tornado Cash's developers.
The post Arbitrum Community Reverses Decision on Funding Tornado Cash Developer Legal Defense appeared first on Cryptonews
Tornado Cash Reportedly Suffers Backend Exploit, User Deposits at Risk
26.2.2024
User deposits on decentralized privacy protocol Tornado Cash are reportedly at risk following the insertion of malicious code in the protocol's back end, according to a Medium post by community member Gas404
User Alert: Tornado Cash Developers Warn of Risk to Funds Deposited Since Jan. 1
26.2.2024
Tornado Cash developers have issued a scam warning to cryptocurrency users who made deposits via the IPFS’ gateways between Jan. 1 and Feb. 24. Developers suspect that an exploiter may have “leaked” Tornado Cash deposits during this period to a server under their control....
YoMix Replaces Sanctioned Sinbad Mixer for Lazarus Hacker Group: Chainalysis
16.2.2024
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 for the North Korean Lazarus Group Recent discoveries by the blockchain analysis firm show that...
GoFundMe Delists Tornado Cash Legal Crowdfunding Campaign – Here’s More
16.2.2024
Popular crowdfunding network GoFundMe has pulled down the legal aid fundraiser for Tornado Cash co-founder and developer, citing a breach. In a Feb 15 X (formerly Twitter) post, Ryan Adams, an investor in Bankless Ventures alerted the digital asset community of the recent developments in...
Twisters Is A Sequel To The Best Movie Of All Time, Not A Remake Of It
12.2.2024
During Super Bowl LVIII, a teaser trailer dropped that baffled a lot of viewers—it wasn’t the Despicable Me 4 one making fun of AI, but an action-packed Twister teaser. The trailer showcased the July 2024 movie starring Normal People’s Daisy Edgar Jones and Top Gun: Maverick’s Glen Powell as storm...
How the Crypto Industry Responded to FinCEN's Proposed Mixer Rule
30.1.2024
Last October, the Financial Crimes Enforcement Network proposed implementing a new regulatory regime for crypto mixing services that would treat the entire class of privacy tools as money laundering threats and force new recordkeeping rules on U.S. people or entities that use them. The industry...
Why Tornado Cash Remains the Most Pivotal Legal Case in Crypto
24.1.2024
Edward Snowden has backed a legal defense campaign for Roman Storm and Alexey Pertsev, coders behind the mixing service. They deserve the support of the crypto community, which has fundamental rights at stake in the case
Tornado Cash Developers Storm, Pertsev Raise Over $350K for Legal Defense With Support From Snowden
24.1.2024
A legal fund for the defense of Tornado Cash co-founders Roman Storm and Alexey Pertsev has received more than $350,675 and public support from Edward Snowden, the former NSA whistleblower
Edward Snowden Urges Crypto Community to Fund Tornado Cash Pioneer’s Legal Defense
24.1.2024
Former CIA contractor and whistleblower Edward Snowden on Tuesday called for financial aid to support Tornado Cash founder Roman Storm’s legal defense. Storm and his co-founder Semenov were arrested in Aug. 2023 for alleged sanctions violations in the US through their crypto mixing service, accused...
Tornado Cash Co-Founder Braces for Precedent-Setting Trial in US
23.1.2024
Roman Storm, facing multiple federal charges related to his role in the creation of Tornado Cash, is bracing for a trial in the United States. Scheduled for September 2024, the trial could have far-reaching implications for the crypto industry and digital privacy laws. Roman Storm Pledges Vigorous...
Tornado Cash Co-Founder Expresses Concerns About Upcoming Trial on Money Laundering Charges
23.1.2024
Roman Storm, co-founder of Tornado Cash, a controversial cryptocurrency mixer, expressed fear and sought support from right-to-privacy advocates in anticipation of his upcoming criminal trial. Storm faces three charges, including conspiracy to commit money laundering, operating an unlicensed...
South Korea Seeks Regulation Against Crypto Mixers Citing Illegal Use Cases
15.1.2024
Source: AdobeStock South Korean regulators seek to introduce new laws that would sanction the use of cryptocurrency mixers in the country to curb the rate of illicit financial activities. According to local news outlets, the Financial Intelligence Unit is considering rolling out new regulations...
Gamma Heist — Over $3M in Digital Assets Drained, 1,000 ETH Moved to Tornado Cash
6.1.2024
On Jan. 4, the decentralized finance protocol Gamma Strategies was a victim of a hacking attack which saw criminals make off with digital assets worth over $3 million. To pre-empt further attacks, Gamma Strategies said it has shut off all deposits on any of its “public-facing vaults.”...
Crypto Crooks Sent Over $300M to Bitcoin Mixers in 2023: CertiK Research
14.12.2023
Following the demise of the popular crypto mixing protocol, Tornado Cash, the Bitcoin ecosystem has become a preferred avenue for discreet fund movement, according to research by blockchain analytics firm CertiK. In its recent report, CertiK, known for conducting smart contract audits and on-chain...