Rain Exchange Hacker Launders ETH via Tornado Cash
This breach and subsequent laundering activity show the continued vulnerabilities faced by centralized exchanges, even those with strong security measures. The hacker responsible for the recent attack on the Rain crypto exchange has begun laundering stolen Ether through Tornado Cash, a popular mixing service. A blockchain security firm, PeckShield, has closely monitored the situation and identified the […]
Bitstamp Begins Mt. Gox Creditor Repayments
The news came three days after Mt. Gox Trustee completed the first test transactions on the Bitstamp exchange. Bitstamp started the repayment of Mt. Gox creditors, after receiving all of the funds owed to them from the trustee. On July 25, the cryptocurrency exchange received all Bitcoin, Bitcoin Cash, and Ethereum and began repaying creditors. According […]
South Africa Financial Regulator Starts Issuing Crypto Licenses
The Financial Sector Conduct Authority of South Africa has marked a significant advancement in the nation’s regulation of digital assets with the introduction of crypto license issuing. This action is in line with incorporating cryptocurrencies into conventional financial operations to improve consumer protection and combat financial crimes, including funding for terrorism and money laundering. As […]
CoinDCX Partners with Mesh for Revolutionary Crypto Solutions
CoinDCX, a well-known cryptocurrency exchange in India, has teamed up with Mesh, a US business specializing in finance solutions. Through cooperation, asset transfers between centralized exchange accounts and decentralized finance (defi) wallets can now be completed more quickly on the CoinDCX platform. This functionality makes it easier to deposit digital assets and allows for simple, […]
Crypto Exchange Four Dragons Reportedly Suffers $100m Hack
According to cryptocurrency exchange Four Dragons, a security system breach led to “significant funds being withdrawn.” The cryptocurrency exchange Four Dragons , based in Kyrgyzstan, declared on its website that it was the target of a hacking assault on February 22. As a result, an undisclosed quantity of cryptocurrency, purportedly valued at approximately $100 million, […]