Tag: Cash

zkLend hacker claims losing stolen ETH to Tornado Cash phishing site

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The hacker behind the $9.6 million exploit of the decentralized money-lending protocol zkLend in February claims they’ve just fallen victim to a phishing website impersonating Tornado Cash, resulting in the loss of a significant portion of the stolen funds. In a message sent to zkLend through Etherscan on March 31, the hacker claimed to have lost 2,930 Ether (ETH) from the stolen funds to a phishing website posing as a front-end for Tornado Cash.  In a series of March 31 transfers, the zkLend thief sent 100 Ether at a time…

Ripple, Chipper Cash Partner Up – Garlinghouse Unveils Massive Market Opportunity

Key Notes Ripple and Chipper Cash have announced partnership, expanding the former’s presence in Africa. The partnership will result in faster, cheaper, and efficient settlements for customers. “We’re enabling faster, more affordable cross-border payments,” said a Ripple executive . Ripple is expanding into Africa through a partnership with Chipper Cash, a leading payment provider, to enable crypto-based cross-border payments. This collaboration is set to revolutionize remittance and payments across the continent by offering faster, cheaper, and more efficient settlements. Empowering Africa’s Cross-Border Transactions According to the official announcement on March 27,…

US Treasury argues no need for final court judgment in Tornado Cash case

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The US Treasury Department says there is no need for a final court judgment in a lawsuit over its sanctioning of Tornado Cash after dropping the crypto mixer from the sanctions list. In August 2022, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash after alleging the protocol helped launder crypto stolen by North Korean hacking crew the Lazarus Group, leading to a number of Tornado Cash users filing a lawsuit against the regulator.  After a court ruling in favor of Tornado Cash, the US Treasury dropped the mixer…

Bitcoin Price to $20,000? Peter Schiff Shares Bearish Insight as Miners Cash Profit

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Key Notes Bitcoin critic Peter Schiff claims that BTC could see a potential drop to $20,000. Bitcoin has formed a symmetrical triangle pattern on the 4-hour chart. BTC miners have sold over 1,000 BTC, cashing in profits worth over $27 million . Gold advocate and Bitcoin critic Peter Schiff has once again shared a bearish forecast for the leading cryptocurrency. On March 17, Schiff took to X to note Bitcoin’s correlation with the Nasdaq and warned of a major downturn if the stock market enters a deeper bearish phase. …

North Korea’s Lazarus Group Moves 400 ETH to Tornado Cash Following $1.5B Bybit Hack

North Korea-linked Lazarus Group transferred 400 ETH (worth $750,000) to Tornado Cash on March 12, 2025, likely laundering proceeds from the record $1.5 billion Bybit hack, blockchain researchers report. ZachXBT: Tornado Cash Demix Exposes North Korea’s $3.1M PEPE Token Purchase The Lazarus Group, a North Korean state-sponsored hacking collective, transferred 400 ETH to privacy tool […] Source CryptoX Portal

Lazarus Group Moves 400 ETH to Tornado Cash

North Korea’s Lazarus Group continues its crypto laundering operations, moving illicit funds while deploying new malware to target developers and steal digital assets. On Mar. 13, blockchain security firm CertiK detected a deposit of 400 Ethereum (ETH), worth around $750,000, to Tornado Cash. The transaction was traced back to Lazarus’s activity on the Bitcoin (BTC) network. The group has been linked to multiple high-profile hacks, including the $1.4 billion Bybit exploit in February.  #CertiKInsight 🚨 We have detected deposit of 400 ETH in https://t.co/0lwPdz0OWi on Ethereum from:0xdB31a812261d599A3fAe74Ac44b1A2d4e5d009010xB23D61CeE73b455536EF8F8f8A5BadDf8D5af848. The fund traces…

Lazarus Group sends 400 ETH to Tornado Cash, deploys new malware

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North Korean-affiliated hacking collective the Lazarus Group has been moving crypto assets using mixers following a string of high-profile hacks.  On March 13, blockchain security firm CertiK alerted its X followers that it had detected a deposit of 400 ETH (ETH) worth around $750,000 to the Tornado Cash mixing service.  “The fund traces to the Lazarus group’s activity on the Bitcoin network,” it noted.  The North Korean hacking group was responsible for the massive Bybit exchange hack that resulted in the theft of $1.4 billion worth of crypto assets on…

Binance Whales Cash Out as Bitcoin Drops—More Downside Ahead?

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Bitcoin’s price has once again turned bearish after briefly recovering to $94,000 on Monday. Notably, the cryptocurrency had shown signs of strength earlier this week following a period of decline, but the recovery was short-lived. As of today, Bitcoin slipped below $90,000, marking a 1.8% decrease in the past 24 hours. According to CryptoQuant analyst Crazzyblockk, one key factor contributing to this downward movement appears to be increased selling pressure from large Bitcoin holders. Whales and Large Holders Drive Selling Pressure on Binance Crazzyblockk in his latest insight highlights how…

Bitcoin Cash soars 30% to lead top coins amid market bounce

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Bitcoin Cash has traded higher in the past 24 hours, surging by more than 30% to lead top gainers among the largest coins by market capitalization. The price of Bitcoin Cash (BCH) rose to an intraday high of $391 during early trading during the U.S. session on March 5, 2025. It marked the altcoin’s highest level since early February, when its price dropped below $400. Notably, BCH price rose amid a breakout from a falling wedge pattern, in place as the altcoin continued its multi-year accumulation phase. Data from IntoTheBlock…

Bitcoin crash triggered by erosion of ETF cash and carry trade — Analyst

Since reaching all-time highs on Jan. 20, Bitcoin’s price has been suppressed by hedge funds exploiting a low-risk yield trade involving spot exchange-traded funds (ETFs) and CME futures, signaling once again that institutional adoption of crypto assets isn’t a one-way street. This is the general takeaway of analyst Kyle Chassé, who dissected the latest Bitcoin (BTC) price crash in a thread on the X social media platform.  “For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures,” said Chassé. Now, this cash and…