Vitalik Buterin Linked Wallets Sell Off, ETH Price Drops
Vitalik Buterin’s wallets have sold 760 ETH for $1.835 million at an average price of $2,414 per ETH. Ethereum wallets affiliated with Vitalik Buterin and the Ethereum Foundation have been on a significant selling binge, resulting in continual pressure to sell Ethereum. Over the course of the previous week, the price of ETH fell to […]
Penpie Hacker Moves 7M of Stolen Funds Via Tornado Cash
Within approximately twelve hours of stealing $27 million on September 3, the hacker responsible for the Penpie protocol transfers roughly $7 million of stolen funds through the crypto mixer Tornado Cash. The intruder transferred 26% of the hacked funds to a Tornado Cash address on September 4, according to Web3 security firm Cyvers. The hacker’s […]
OKX to Suspend Accounts Engaging with Tornado Cash
OKX COO, Star Xu warned account holders that using Tornado Cash (TORN) will result in a suspension. The CEO of OKX has announced in a statement published on X that users who have been previously sanctioned will be prohibited from opening new accounts on the platform. Additionally, the crypto exchange will terminate the accounts of […]
NY Fed Says Tornado Cash Sanctions Effective, Eth As Weak
Cooperation with the US Treasury sanctions on Tornado Cash was most effective at the user level and less effective as it moved through the settlement chain. Tornado Cash , the crypto aggregator blocklisted by the United States Treasury Department in 2022, has been the subject of a report by the Federal Reserve Bank of New […]
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 […]