TornadoCash
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#PeckShieldAlert The #wazirX exploiter-labeled address has moved the 7th batch of 5K $ETH (worth ~$12M) to a new intermediary address 0x46b9...0A0a & has started laundering them via #TornadoCash
#PeckShieldAlert The #wazirX exploiter-labeled address has moved the 7th batch of 5K $ETH (worth ~$12M) to a new intermediary address 0x46b9...0A0a & has started laundering them via #TornadoCash
#PeckShieldAlert The #wazirX exploiter-labeled address has moved another batch of 5K $ETH (worth ~$11.9M) to a new address 0x5FE2...AC19 & has already laundered 2K $ETH via #TornadoCash
âąïž #WAZIRX HACKERS TRANSFERS $11M IN ETHER FROM THE LAUNDERED FUNDS
â North Korean hackers have laundered $11 million in ether from the WazirX hack via #TornadoCash .
âThey recently transferred 5,000 ETH to a new wallet and then moved $1.2 million through Tornado Cash.
đTheir #walletđ„ now holds over $107 million, mostly in ether.
The breach forced #wazirX to undergo major restructuring.
(đSource: #Coindesk )
â North Korean hackers have laundered $11 million in ether from the WazirX hack via #TornadoCash .
âThey recently transferred 5,000 ETH to a new wallet and then moved $1.2 million through Tornado Cash.
đTheir #walletđ„ now holds over $107 million, mostly in ether.
The breach forced #wazirX to undergo major restructuring.
(đSource: #Coindesk )
Tornado Cash Founder Faces $1.2 Billion Laundering Charges
Alexey Pertsev, the brains behind Tornado Cash, is indicted by Dutch authorities for allegedly laundering $1.2 billion. The indictment is the culmination of a thorough investigation into Tornado Cash, a crypto mixer accused of facilitating criminal activities by anonymizing crypto transactions.
Charges and Legal Battle:
Pertsev is accused of enabling 36 illegal transactions, with notable mentions including 175 ETH from the Ronin Bridge linked to Axie Infinity, alongside other transactions involving decentralized platforms such as Harmony and Nomad Bridge. His lawyer, Keith Cheng, argues that the prosecution has yet to detail Pertsev's specific actions, complicating the legal proceedings.
International Implications and Sanctions:
Before facing charges in the Netherlands, Tornado Cash was sanctioned by the US Treasury's OFAC for its alleged role in laundering billions, including funds associated with North Korea's Lazarus Group. Pertsev's arrest in August 2022 by the Netherlands' FIOD brought international law enforcement attention, including the FBI, despite Pertsev denying any wrongdoing.
Upcoming Trial and Industry Impact:
Pertsev's trial, set for March 26 in âs-Hertogenbosch, Netherlands, is closely watched by the crypto industry, as it not only decides Pertsev's fate but also highlights the regulatory hurdles within the cryptocurrency sector. This case underscores the balance between innovation and the potential misuse of crypto technologies, marking a crucial moment for future regulatory directions.
#Write2Earn #CryptoNewsđđ„ #TornadoCash
Alexey Pertsev, the brains behind Tornado Cash, is indicted by Dutch authorities for allegedly laundering $1.2 billion. The indictment is the culmination of a thorough investigation into Tornado Cash, a crypto mixer accused of facilitating criminal activities by anonymizing crypto transactions.
Charges and Legal Battle:
Pertsev is accused of enabling 36 illegal transactions, with notable mentions including 175 ETH from the Ronin Bridge linked to Axie Infinity, alongside other transactions involving decentralized platforms such as Harmony and Nomad Bridge. His lawyer, Keith Cheng, argues that the prosecution has yet to detail Pertsev's specific actions, complicating the legal proceedings.
International Implications and Sanctions:
Before facing charges in the Netherlands, Tornado Cash was sanctioned by the US Treasury's OFAC for its alleged role in laundering billions, including funds associated with North Korea's Lazarus Group. Pertsev's arrest in August 2022 by the Netherlands' FIOD brought international law enforcement attention, including the FBI, despite Pertsev denying any wrongdoing.
Upcoming Trial and Industry Impact:
Pertsev's trial, set for March 26 in âs-Hertogenbosch, Netherlands, is closely watched by the crypto industry, as it not only decides Pertsev's fate but also highlights the regulatory hurdles within the cryptocurrency sector. This case underscores the balance between innovation and the potential misuse of crypto technologies, marking a crucial moment for future regulatory directions.
#Write2Earn #CryptoNewsđđ„ #TornadoCash
Euler Finance Will Negotiate The Return Of Funds With The Exploiter
The exploiter of flash loans claims to have "no intention of keeping what is not ours" and want to "accord" with Euler Finance.
Euler Finance, an Ethereum-based lending platform, may be one step closer to retrieving cash lost in a $196 million flash loan incident last week, with private conversations now underway with the exploiter.
On March 20, days after delivering cash to a red-flagged North Korean address, the exploiter stated they now wish to "reach to an arrangement" with #Euler in an on-chain message.
"We want to make this easy on all those involved. We have no intention of retaining what is not ours. Establishing secure communication. "Let us reach a deal," the exploiter remarked.
Hours later, Euler replied with its own on-chain message, acknowledging the message and asking the exploiter to talk âin private,â stating:
âMessage received. Let's talk in private on blockscan via the Euler Deployer address and one of your EOAs, via signed messages over email at contact@euler.foundation, or any other channel of your choice. Reply with your preference.â
Euler has previously attempted to reach an agreement with the exploiter following the exploit, demanding that they restore 90% of the monies they stole within 24 hours or face legal penalties.
There was no reaction, so Euler issued a $1 bounty prize for any information leading to the exploiter's arrest and return of the funds 24 hours later.
While the exploiter's identity is unknown, the current language used by the exploiter may indicate that more than one individual is engaged.
Chainalysis, a blockchain analytics firm, tweeted on March 17 that a recent 100 Ether (ETH) transfer to a wallet address associated with North Korea could indicate that the breach was carried out by the "DPRK" â the Democratic People's Republic of Korea.
Based on the firm, this could be an intentional attempt to mislead investigators.
Additional transactions from the exploiter's wallet address include 3000 ETH sent back to #EulerFinance on March 18, as well as cash sent to cryptocurrency mixer #TornadoCash and an alleged victim of the exploit.
On March 20, another address contacted Euler on-chain, claiming to have discovered a "solid string of connections" that could assist them in determining who and where the exploiter was.
Euler Finance, an Ethereum-based lending platform, may be one step closer to retrieving cash lost in a $196 million flash loan incident last week, with private conversations now underway with the exploiter.
On March 20, days after delivering cash to a red-flagged North Korean address, the exploiter stated they now wish to "reach to an arrangement" with #Euler in an on-chain message.
"We want to make this easy on all those involved. We have no intention of retaining what is not ours. Establishing secure communication. "Let us reach a deal," the exploiter remarked.
Hours later, Euler replied with its own on-chain message, acknowledging the message and asking the exploiter to talk âin private,â stating:
âMessage received. Let's talk in private on blockscan via the Euler Deployer address and one of your EOAs, via signed messages over email at contact@euler.foundation, or any other channel of your choice. Reply with your preference.â
Euler has previously attempted to reach an agreement with the exploiter following the exploit, demanding that they restore 90% of the monies they stole within 24 hours or face legal penalties.
There was no reaction, so Euler issued a $1 bounty prize for any information leading to the exploiter's arrest and return of the funds 24 hours later.
While the exploiter's identity is unknown, the current language used by the exploiter may indicate that more than one individual is engaged.
Chainalysis, a blockchain analytics firm, tweeted on March 17 that a recent 100 Ether (ETH) transfer to a wallet address associated with North Korea could indicate that the breach was carried out by the "DPRK" â the Democratic People's Republic of Korea.
Based on the firm, this could be an intentional attempt to mislead investigators.
Additional transactions from the exploiter's wallet address include 3000 ETH sent back to #EulerFinance on March 18, as well as cash sent to cryptocurrency mixer #TornadoCash and an alleged victim of the exploit.
On March 20, another address contacted Euler on-chain, claiming to have discovered a "solid string of connections" that could assist them in determining who and where the exploiter was.
In 2023, the #LazarusGroup , a North Korean hacking organization, utilized the cryptocurrency mixer #YoMix for laundering stolen crypto, according to a report by #Chainalysis . The report also highlighted a decline in crypto money-laundering activity to $22.2 billion from $31.5 billion in 2022, partly due to the sanctions or closure of mixing services #TornadoCash and #Sinbad . Despite an overall decrease in crypto transaction volume, YoMix experienced significant growth, with one-third of its inflows traced back to wallets associated with crypto hacks. The Lazarus Group adapted by employing cross-chain bridges for obfuscation. In another development, the bankrupt crypto platform Celsius has distributed $2 billion worth of crypto to creditors, with payments made via PayPal for US creditors and Coinbase for overseas holders. Meanwhile, in Indonesia, Prabowo Subianto and his pro-crypto running mate Gibran Rakabuming Raka are likely to become the next president and vice president, potentially boosting the country's crypto-friendly policies, as Indonesia already boasts 18 million registered crypto investors. In the cryptocurrency market, Bitcoin is up 0.40% at $51,874.10, and Ethereum is up 0.86% at $2,810.75.
Latest Update: Binance Restarts TORN Deposits, Implements Changes for Tornado Cash
Binance, a major cryptocurrency exchange, has reopened deposits for TORN following an attack on #TornadoCash DAO. Deposits for TORN via Ethereum and Binance's BNB Smart Chain had been suspended since the incident occurred. However, after a proposal to restore governance in the TORN DAO was passed, the deposits have been reopened. Additionally, #Binance has decided to move Tornado Cash into the Innovation Zone for closer monitoring. The attack on Tornado Cash DAO involved the hacker gaining control of the operations and funds, resulting in the creation of fake votes and the theft of over 1 million TORN tokens.
#MEV-Bot Nets $1.5 Million Profits in a $4 #Attack
On October 11, an MEV (Miner Extractable Value) bot operating on the BNB Chain made a remarkable profit of $1.575 million through an attack that involved flash loan exploitation on the BH/USDT trading pair on PancakeSwap, as reported by EigenPhi. The expenses for executing this arbitrage, which turned out to be one of the largest in BNB Chain's history, amounted to a mere $4.16.
According to experts from Beosin, the BH token was exploited for approximately $1.27 million by manipulating its price. The attacker provided a USDT loan, subsequently exchanging it for BH, thereby depleting the token's liquidity. The contract dictated a standard 1 USDT: 100 BH ratio upon deposit. Thanks to this swap, the attacker was able to withdraw approximately 1 USDT for every 2 BH.
According to Beosin, the unknown attacker sent the acquired assets through the #TornadoCash mixer.
On October 11, the price of BH unexpectedly surged from $0.01 to approximately $2 in the #USDT pair on #PancakeSwap This movement followed a sudden drop in quotes. At the time of writing, the token is trading around $2.1.
On October 11, an MEV (Miner Extractable Value) bot operating on the BNB Chain made a remarkable profit of $1.575 million through an attack that involved flash loan exploitation on the BH/USDT trading pair on PancakeSwap, as reported by EigenPhi. The expenses for executing this arbitrage, which turned out to be one of the largest in BNB Chain's history, amounted to a mere $4.16.
According to experts from Beosin, the BH token was exploited for approximately $1.27 million by manipulating its price. The attacker provided a USDT loan, subsequently exchanging it for BH, thereby depleting the token's liquidity. The contract dictated a standard 1 USDT: 100 BH ratio upon deposit. Thanks to this swap, the attacker was able to withdraw approximately 1 USDT for every 2 BH.
According to Beosin, the unknown attacker sent the acquired assets through the #TornadoCash mixer.
On October 11, the price of BH unexpectedly surged from $0.01 to approximately $2 in the #USDT pair on #PancakeSwap This movement followed a sudden drop in quotes. At the time of writing, the token is trading around $2.1.
đąThe person that exploited Solana-based decentralized exchange #Raydium has sent $2.7 million in ethereum to now-sanctioned coin mixing protocol #TornadoCash .
Source: #Coindesk
#solana
Source: #Coindesk
#solana
Alexey Pertsev, the developer of #TornadoCash , an open-source crypto-mixing protocol, will continue to be detained until his next hearing on April 21, according to a ruling by a Dutch court.
The court of East Brabant in Holland has also scheduled a pre-trial review for May 24.
The court of East Brabant in Holland has also scheduled a pre-trial review for May 24.
#PeckShieldAlert #Unibot Exploiter #1 has swapped the stolen coins for ~355.75 $eth (worth ~$640K) and laundered them via #TornadoCash
âĄ#Coin of the day by social activity - #TornadoCash #TORN . (10 May 2023)
Tornado Cash is an open-source #decentralized coin mixer on the #Ethereum network.
Tornado Cash is an open-source #decentralized coin mixer on the #Ethereum network.
via ZachXBT on X
One of the forgotten #ICO scams I never see people mention is @EthContingency which raised 21,144 #ETH when the price of ETH was ~$17 in early 2017.
The team vanished weeks after the ICO but sat on the majority of the funds eventually transferring $25M+ to #TornadoCash from 2021-2022.
Currently they still hold 4600+ ETH ($13.5M) that remains dormant.
ICO address
0xc96eec418b50c538c3f3e32e71575da068a97401
Funds sit
2365 ETH
0x89e28ec97e3452309d20c6e3ab5312327bf44ed3
1619 ETH
0xbb4ed2b027c4339e85e759aa620e6c6139b56c0e
404 ETH
0x5472d79792e6f13a539fa0a1c93a2d5d84618840
79 ETH
0x139bcb549b2c4d1ea2a035fd5ae2a967c61be961
64 ETH
0x4c756e1c8b65c7d8c67b296d815163750302b859
One of the forgotten #ICO scams I never see people mention is @EthContingency which raised 21,144 #ETH when the price of ETH was ~$17 in early 2017.
The team vanished weeks after the ICO but sat on the majority of the funds eventually transferring $25M+ to #TornadoCash from 2021-2022.
Currently they still hold 4600+ ETH ($13.5M) that remains dormant.
ICO address
0xc96eec418b50c538c3f3e32e71575da068a97401
Funds sit
2365 ETH
0x89e28ec97e3452309d20c6e3ab5312327bf44ed3
1619 ETH
0xbb4ed2b027c4339e85e759aa620e6c6139b56c0e
404 ETH
0x5472d79792e6f13a539fa0a1c93a2d5d84618840
79 ETH
0x139bcb549b2c4d1ea2a035fd5ae2a967c61be961
64 ETH
0x4c756e1c8b65c7d8c67b296d815163750302b859
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#TornadoCash
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#TornadoCash
đš Legal Challenge: The U.S. cryptocurrency lobby group Blockchain Association submits an amicus brief opposing the U.S. Treasury's Tornado Cash sanctions, asserting that the sanctions exceed legal authority and suggesting sanctions should target malicious actors misusing open source. The brief is part of an appeal lawsuit filed by six Coinbase employees challenging a court ruling justifying the Treasury Department's sanctions against Tornado Cash. đïžđ» #BlockchainAssociation #TornadoCash #CryptoLegalBattle
Tornado Cash developer Alexey Pertsev was sentenced to over five years in prison by a Dutch court for laundering $1.2 billion in crypto. This ruling disappointed some in the crypto industry, but U.S. laws might lead to a different outcome for other developers, such as Tornado Cash co-founder Roman Storm, whose trial begins in September. Storm's defense argues that writing code is protected as free speech under the First Amendment. Despite Pertsev's verdict, experts believe U.S. legal standards, including higher intent requirements and strong constitutional protections, could favor Storm. Crypto groups vow to defend developers' rights globally.
This could have led crypto market to turn RED these days.
#TornadoCash #BTC
This could have led crypto market to turn RED these days.
#TornadoCash #BTC
