Crypto exchange Bybit co-founder and CEO Ben Zhou says more than two-thirds of the digital assets stolen from the platform in February by North Korea’s Lazarus Group still remain traceable. In an executive summary on hacked Bybit funds posted on X on

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) s

TRUMP token rallies after President Trump says it’s “SO COOL”The Official Trump (TRUMP) memecoin linked to US President Donald Trump soared over 12% to $12.25 in 40 minutes on March 23, after the president called it “The greatest of them all” on soci

The U.S. Treasury has ended its sanctions on Tornado Cash, a prominent mixing service, by removing addresses associated with the token, including Ethereum addresses. Under the U.S. Treasury, the department responsible for this decision is the Office

Stablecoin payment firm Infini lost $50 million in an exploit suspected to have been conducted by a developer who retained administrative privileges after project delivery.The perpetrator is believed to have worked on the Infini project for contract

The High Court of Singapore has approved the restructuring plan for crypto exchange WazirX, allowing the platform to repay its customers after it was hacked for $235 million in July 2024. WazirX has estimated that users could recover up to 80% of the

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

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.

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

OKX CEO Star Xu has warned users about the risks surrounding the sanctioned crypto mixer Tornado Cash.