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 […]
Crypto Hackers Use Stolen Funds to Buy Ethereum Dip
Hackers leverage stolen funds from the 2022 Nomad bridge hack to buy 16,892 ETH at a major discount during the market drop. Cryptocurrency hackers see the ongoing collapse in the market as an opportunity to acquire Ether at a huge discount by using stolen funds from previous heists. On August 5, 16,892 Ether was purchased with stolen crypto funds […]
Mark Cuban Reveals Gmail Hack Following Hoax Call
Billionaire investor Mark Cuban asserts that any email transmitted from his account “after 3.30 p.m. Pacific Standard Time” on June 22 was not from him. Mark Cuban, a billionaire investor, claims he lost access to his Gmail account after falling victim to a scam call, just months after losing more than $800,000 in cryptocurrencies. “I […]
XLink Integrates Fireblocks To Avoid Another $10M Hack
In response to a recent security compromise involving a $10M hack, Alex Lab’s XLink, a Bitcoin bridge, has partnered with Fireblocks and Ancilia. XLink’s wallet and intelligent contract administration will be enhanced by integrating multiparty computation (MPC) technology through the partnership with Fireblocks. Chiente Hsu, CEO and co-founder of Alex, explained in a written Q&A […]
Linea Pledges Decentralization After Halting Block Production
Ethereum’s layer-2 solution, Linea promises more decentralization after manually halting block generation to suppress a hacker’s address. With over $1 billion in locked value, Linea, Ethereum’s zkEVM solution intended to increase scalability, has gotten into trouble for its seemingly arbitrary decision to shut down the entire network in an attempt to censor one address linked to […]