Crypto venture capital firm Dragonfly Capital has closed its fourth fund at $650 million. The fund comes as the broader cryptocurrency market faces a severe downturn, with token prices declining and investor enthusiasm weakened. $650 Million Fund Dragonfly’s previous fund, its third, deployed $500 million into startups such as Polymarket, Rain, and Ethena. The new […]
A significant portion of the $1.4 billion in cryptocurrency stolen during Bybit hack by North Korea’s Lazarus Group has become untraceable, according to the exchange CEO Ben Zhou. In a tweet detailing the current status of the hacked funds – approximately 500,000 ETH – the exec reported that 27.59% have gone dark, largely due to […]
In an ironic twist of fate, the hacker behind February’s $9.57 million exploit on zkLend has allegedly fallen victim to another scam. The suspected criminal claimed in an on-chain message that they lost 2,930 ETH, worth about $5.4 million, while trying to launder the stolen funds through Tornado Cash. The zkLend Hack zkLend also confirmed […]
TORN, the native token of beleaguered crypto mixer Tornado Cash, enjoyed a brief renaissance over the last two days following news that a court had overturned sanctions imposed on the platform by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). Initially trading around the $9.50 level on January 22, the token skyrocketed 140% […]
Ethereum co-founder Vitalik Buterin has made a contribution to the legal defense fund for Tornado Cash developers Roman Storm and Alexey Pertsev. Buterin gave 50 ETH, valued at approximately $170,000 at writing time, to aid the developers as they navigate mounting legal challenges. The Donation The news was shared through a Dec. 31 post on […]
Decentralized Finance (DeFi) platform Penpie, built on the Pendle network, reportedly suffered a major exploit on September 3, 2024. According to the real-time on-chain monitoring system Cyvers Alert, the hack led to the loss of at least $26 million in various wrapped and synthetic crypto assets. Details of the Attack Emerge The security surveillance company […]
In a September 1 X post, Kannon Shanmugam, a lawyer representing Joseph Van Loon and several others in a lawsuit against the U.S. Treasury hinted that he would be presenting arguments in the Fifth Circuit for the case. In a show of support for the legal challenge, Coinbase’s Chief Legal Officer, Paul Grewal, responded to […]
A Dutch court has denied bail for Tornado Cash developer Alexey Pertsev, who was convicted of money laundering in May. This decision is a significant setback for Pertsev, who has been held in custody for the past two months without computer or internet access despite being requested in order to prepare for his defense. Pertsev […]
Popular crypto privacy protocol Railgun has successfully thwarted Inferno Drainer’s latest effort to launder stolen funds, which were sent back to the original wallet’s address. According to a July 10 post by SlowMist’s anti-money laundering tracking system, MistTrack on X, an attempt to launder over 174 ETH, worth around $533,000 at the time, was intercepted […]
Ethereum co-founder Vitalik Buterin donated 30 ETH, valued at around $113,000, to support the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm through the decentralized fundraising platform Juicebox. According to the on-chain data, the transaction from an address linked to Buterin, named vitalik.eth, was made at 1:58 am EST on May 30 […]
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