Dear President-Elect Trump,In your keynote address at the Bitcoin conference in Nashville last year, you pledged to make the United States the crypto capital of the world if re-elected for a second term. As you return to the presidential office this
A Northern District of Georgia federal grand jury charged three Russian nationals for alleged crimes connected to operating two crypto mixers. The defendants, Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik and Anton Vyachlavovich Tarasov,
Though Bitcoin ended 2024 having reached an all-time high price of more than $100,000, the year also marked the end of criminal cases of many high-profile cryptocurrency industry leaders and scammers.FTX and Alameda executivesIn its heyday, FTX was o
ZKsync has announced ambitious goals to achieve more than 10,000 transactions per second (TPS) and reduce transaction fees to as low as $0.0001 by 2025.ZKsync is a layer-2 (L2) scaling solution that uses zero-knowledge proofs (ZK-proofs) to improve t
US lawmakers have urged the Treasury Department to ramp up its efforts in investigating illicit financial activities facilitated through Tornado Cash. Rep. Sean Casten of Illinois wrote a letter to the Treasury last week, joined by five other Democra
In the latest development in the ongoing prosecution of Tornado Cash co-founder Roman Storm, the presiding judge has adjourned the much-awaited trial until April 2025. This decision will see the money laundering and sanctions violations charges again
The US is intensifying efforts to confiscate around $2.67 million worth of cryptocurrency from major hacks linked to Lazarus Group, an infamous cybercriminal organization believed to be based in North Korea. Cryptocurrency mixers like Tornado Cash an
Law enforcement officials were able to trace millions in laundered cryptocurrency through mixers but failed to seize the majority of the funds.
The ongoing legal saga surrounding Tornado Cash, a cryptocurrency mixing service, has intensified as its co-founders face serious allegations of facilitating money laundering on a massive scale. Roman Storm and Roman Semenov have been charged by the
Judge Katherine Polk Failla of the Southern District of New York has reportedly denied the motion to dismiss the charges against Tornado Cash co-founder Roman Storm. Storm’s legal woes stem from allegations that Tornado Cash developers aided the Nort
This week’s roundup highlights regulatory tightening and innovations in the crypto sector across Asia and MENA. Dubai’s regulator implements new crypto marketing rules, which will be effective as of October 1, 2024. Meanwhile, in South Korea, Worldco
Solana’s market cap could reach 50% of Ether’s due to its superior transaction throughput, according to asset management giant VanEck.
Four hacker groups laundered 20,561 ETH ($49.3M) through Tornado Cash in September. The Penpie exploiter moved $26.7M within days.
The post Crypto Hacks Exposed: How Are They Laundering Millions Through Tornado Cash? appeared first on Coinpedia Fintech News It is noteworthy to mention that three popular hackers alone, have washed 17,800 Ether (approx $42. 7 million) through Torn
The hacker responsible for stealing over $235 million from the Indian crypto exchange WazirX has transferred around $10 million through sanctioned Tornado Cash in the past 24 hours, according to blockchain security firm Cyvers. In a Sept. 5 message t
OKX CEO Star Xu has warned users about the risks surrounding the sanctioned crypto mixer Tornado Cash.
According to the CEO of the cryptocurrency exchange Okx, users are now barred from account interacting with Tornado Cash and Garantex. In a post on social media, the CEO said any Okx accounts receivin
Roman Storm, co-founder of Tornado Cash, is pushing for a delay in his upcoming trial. His legal team argues that the intricacy and vast evidence involved require more time for adequate preparation. This is Roman Storm’s first request for a postponem