Hacker Transfers $10M Worth of Ether From 2023 Phishing Attack
A September 2023 phishing-associated account transferred $10 million in Ether to the cryptocurrency mixing protocol Tornado Cash. A blockchain security firm, CertiK, identified an account associated with the $24 million breach on March 21 while transmitting 3,700 ETH to Tornado Cash. Phishing on September 6, 2023, resulted in the theft of funds from a cryptocurrency […]
Arbitrum DAO withdraws Proposal to Fund Tornado Cash Developers’ Legal Defense
Arbitrum DAO has retracted a proposal to donate up to $1.28 million in crypto to support the legal defense of Tornado Cash developers facing criminal charges. The proposal was removed due to legal concerns, but alternative options are being explored. Arbitrum DAO, a decentralized organization that manages the development and governance of the Arbitrum blockchain, […]
Tornado Cash Co-founder Released on Bail – Lawyer
Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, was arrested on money laundering and other offenses on August 23. According to his lawyer, he was released on bail shortly after detention by the United States Department of Justice (DOJ). On August 24, Storm’s attorney, Brian Klein, announced on X (formerly Twitter) that Storm […]
Coin Center Defies OFAC’s Indictment of Tornado Cash Devs
Coin Center, a leading crypto advocacy group, argues that OFAC’s indictment of Tornado Cash developers for operating an illegal money transmission business is unfounded and inconsistent with FinCEN’s guidance. OFAC Accuses Tornado Cash Developers of Money Transmission Crimes On August 23, the U.S. Office of Foreign Asset Control (OFAC) announced that it had indicted Roman […]
Euler finance hacker transfers stolen funds to crypto mixer
Euler Finance hacker has begun transferring assets to the cryptocurrency mixer Tornado Cash hours after a $1 million reward was offered for information leading to the perpetrator’s identification. PeckShield, a blockchain analytics company, tweeted on March 16 that the perpetrator of the flash loan attack on Ethereum’s noncustodial lending protocol was “on the run.” The […]