Tag: Cash

North Korean Group Behind $230M WazirX Hack Move $11M Stolen Ether (ETH) to Tornado Cash

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Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield

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An address connected to the hack of Indian crypto exchange WazirX is suddenly moving millions of dollars in Ethereum (ETH), according to the cybersecurity firm PeckShield. PeckShield says that the hacker transferred the ETH stash to Tornado Cash, a coin-mixing service that facilitates anonymous digital asset transactions. “WazirX Exploiter-labeled address has transferred 2600.1 ETH (worth ~$6.5 million) to Tornado Cash…” Source: PeckShield/X The stolen ETH was part of the July 18th hack of WazirX, which resulted in the theft of more than $230 million in digital assets. Blockchain tracking firm…

Bitcoin ETFs See $81M Outflow as Ethereum ETFs Cash In

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an outflow of $81.36 million, while spot ethereum ETFs experienced a brighter day, bringing in $10.77 million during the trading session. Crypto ETFs Clash: Bitcoin ETFs Stumble With $81M Loss, Ethereum Funds Pull in $10.77M After enjoying two days of steady inflows, spot bitcoin ETFs faced […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Accounts Involving Tornado Cash To Be Banned

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The cryptocurrency exchange OKX has announced a firm policy banning accounts linked to the questionable mixing service Tornado Cash in an attempt to prevent illicit activity and promote compliance with international laws. According to OKX CEO Star Xu, any account found to be exploited by Tornado Cash or other authorized firms like Garantex would be cancelled without delay. 被制裁的人无法在okx成功开户。 对于已经开户成功用户：1. 从被制裁的主体比如 Garantex和 Tornado cash充值到okx2. 从okx提币去被制裁的主体 都会触发合规风控，导致被清退账户。 制裁和普通人很遥远，大部分人完全不需要担心。 https://t.co/MTJ7OtQRny — Star (@star_okx) August 9, 2024 Tornado Cash Controversy Tornado Cash is recognized for hiding crypto transactions, which unscrupulous people exploit to…

Did Sanctioning Tornado Cash Work?

“We find direct evidence of large builders switching to a cooperative posture following the ruling, giving credence to the idea that clarity around regulation is a pivotal factor to determining whether to cooperate,” the paper said. “With the ruling, we find two builders responsible for over half of the non-cooperative blocks, pointing to significant dependence on a few players to facilitate the settlement of Tornado Cash transactions. This heavy dependence on a few builders reveals a surprising level of fragility in the censorship-resistance of Ethereum.” Source