The Department of Justice has backtracked on its previous statement that it would consider charges against Dragonfly for the firm's early support of crypto mixer Tornado Cash, according to a Dragonfly executive.Haseeb Qureshi, co-founder of Dragonfly
Dragonfly Capital could be the target of federal charges stemming from its early investment in Tornado Cash developer PepperSec, Inc., but the venture firm says it is prepared to “vigorously defend” itself if prosecutors pursue the case.In a Friday s
CoinDCX, one of India’s largest crypto exchanges, has reportedly lost around $44.2 million in a suspected hack that occurred about 17 hours ago, according to blockchain investigator ZachXBT. The attacker is believed to have started with just 1 ETH fr
Indian cryptocurrency exchange CoinDCX was hacked on Friday, leaving the exchange drained of $44 million. The hackers compromised one of CoinDCX’s internal accounts used for “liquidity provisions” with another exchange through a server breach.No user
One year after a $230 million exploit took down Indian crypto exchange WazirX, another prominent Indian exchange, CoinDCX, lost around $44 million in a significant hack. The attack took place early Saturday morning in India, and was first identified
The criminal trial of Tornado Cash co-founder and developer Roman Storm began Monday in federal court in Manhattan, where jurors will weigh whether he knowingly helped launder more than $1 billion in cryptocurrency linked to cybercriminals, including
Decentralized finance (DeFi) protocol Resupply confirmed a security breach in its wstUSR market, which led to about $9.6 million in crypto losses. Blockchain security firm Cyvers said on Thursday that the exploit was triggered by a price manipulation
Ethereum co-founder Vitalik Buterin has officially backed Tornado Cash cofounder Roman Storm, with the Ethereum Foundation now stepping in to support his legal defense. In a recent post on X, Buterin confirmed that the Foundation is matching communit
Prominent crypto venture capital firm Paradigm has filed an amicus curiae brief in support of Tornado Cash co-founder Roman Storm ahead of his trial set for July 14.In a blog post published Tuesday, Paradigm's chief legal officer and general counsel
Sui- and Aptos-based decentralized exchange Cetus Protocol relaunched on Sunday after recovering from a $223 million exploit on May 22, restoring the platform to full functionality and replenishing affected pools with 85% to 99% of their original liq
Attorneys for Tornado Cash developer Roman Storm filed a motion asking the court to reconsider the motion to dismiss the case due to the prosecution withholding exculpatory evidence in the form of communications with the Financial Crimes Enforcement
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