CryptoSlate spoke exclusively with a member of the Tornado Cash team who has been granted anonymity for their own protection and will be referred to as "TC Member" for the sake of this article. The Tornado Cash contributor told CryptoSlate's Akiba that "multi-sigs shut down the DAO… we're all out. Better safe than sorry, unless it all calms down a bit." Tornado Cash...
Singapore-based Crypto Lender Vauld is facing money laundering charges in India after $46.5 million (3.70 billion Indian rupees) was frozen from its local entity, Flipvolt Technology. India's Enforcement Directorate (ED) confirmed in an Aug. 12 statement that it is investigating...
Elliptic Connect, a blockchain data analytics firm, released a report Wednesday — widely covered in both the crypto...
Reading Time: 2 minutes Hotbit has suspended operations after some of its funds were frozen by law enforcement The action is due to the investigation of a former employee on potential criminal charges User funds are safe and the exchange is working to get them freed...
Samczsun, a researcher at Paradigm, is reporting that the Curve Finance front end has been compromised, with over $500k stolen within a matter of minutes....
U.S. Secretary of State Anthony Blinken warned that the administration would continue to "aggressively pursue" crypto mixers suspected of laundering illicit funds. We’ll continue to aggressively pursue actions against currency mixers laundering virtual currency for criminals....
Reading Time: 2 minutes The victim of a fake Phantom Wallet app is suing Google Jacob Pearlman lost over $800,000 worth of cryptocurrencies and NFTs when he installed a fake app from the Google Play Store The case acts as a reminder to go through official channel for...
Reading Time: 2 minutes Alexandr Vinnik last week appeared before a U.S. judge to answer money laundering claims U.S. authorities say Vinnik laundered more than $4 billion in bitcoin for criminals, including the Mt. Gox hackers Vinnik was released early from a Paris...
Nomad Bridge has announced a 10% bounty for hackers who return at least 90 % of the total funds in their custody. In response, Whitehat hackers have returned $22 million as of August 5. The bridge was drained of $190.7 million on August 1 after a hacker stole 100 wBTC worth $2.3 million. The exploit was copied by hundreds of addresses which saw...
Ex-Coinbase Product Manager Ishan Wahi has pleaded not guilty to fraud charges leveled against him by the U.S. Department of Justice before a Manhattan federal court on Aug. 3. Ishan was first arraigned before the court last month on charges of...
Reading Time: 2 minutes Ex-coinbase exec Shan Wahi has pleaded not guilty to charges relating to insider trading Wahi is accused of profiting by sharing privileged information on token listings with others His lawyer argued that cryptocurrencies don’t fall within...
Crypto thieves from North Korea are impersonating experts using fake resumes and identities, Bloomberg News reported Aug. 1. According to Bloomberg, interviews with cybersecurity experts showed that these fraudsters actively plagiarize information from legitimate profiles to apply for...
The US Securities and Exchange Commission (SEC) charged eleven people on August 1 for their involvement in Forsage, a fraudulent crypto pyramid scheme that raised $300 million from investors around the world. According to the SEC, Forsage started as a "website that allowed millions of retail investors to enter into transactions via smart contracts that operated on the Ethereum (...
Reading Time: 3 minutesIt’s Saturday, which means it's time to unwrap the week’s NFT news, lay it all out on the picnic blanket and fight over the sausage rolls. Did anyone bring a knife? City of Miami to Launch NFT Collection The city of Miami isn’t letting the crypto winter...
U.S. Senator Sherrod Brown (D-Ohio) sent letters to Tim Cook, CEO of Apple, and Sundar Pichai, CEO of Google and Alphabet on July 28, asking for information about what the companies are doing to protect users from fraudulent cryptocurrency apps. The move comes after the Federal Bureau of Investigation (FBI) issued a...
After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported. The Seoul Southern District Prosecutors Office is investigating the collapse of TerraUSD (USTC) and allegations of fraud against Terraform Labs co-founders Do Kwon and Daniel Shin....
Solana-based DeFi protocol, Nirvana Finance lost $3.5 million to a flash loan attack on July 28. 1/ On 28 July, adaptive...
Cryptojacking in the finance sector went up by 269% in the first half of this year, cybersecurity firm SonicWall reported. The finance sector, which used to experience nearly the least numbers of cryptojacking incidents, faced the highest number of attacks this year, the report stated. In fact, the number of cryptojacking attacks in the finance...
Decentralized music streaming platform Audius was exploited on July 23 when an attacker exploited a vulnerability in its governance smart contract code. According to Audius' analysis of the hack, the attacker stole over 18.5 million AUDIO tokens, the platform's native cryptocurrency, worth around $6.05 million at the time. The hacker identified a flaw in the...
Investors of BNB chain-based meme coin Teddy Doge (TEDDY) have become the latest victim of a "soft rug pull," blockchain security and analytics firm PeckShield alleged in a July 25 tweet. Rug pulls refer to scams where developers of a cryptocurrency project attract investors and then abandon the project and abscond with the money. Wallets connected to developers of the project got hold...
News