βοΈTornado Cash used to launder $500,000 stolen from DAO Maker last year.
An Ethereum address connected with an exploit last year of DAO Maker has laundered 500,000 DAI stablecoins through Tornado Cash, security firms PeckShield and CertiK said today.
DAO Maker (not to be confused with stablecoin project Maker DAO) is a crowd fundraising platform that suffered a hack in August 2021. Because of a bug in DAO Makerβs smart contract, a hacker was able to steal more than $7 million in stablecoins. These funds were then scattered across different addresses controlled by the hacker.
A year after the incident, one of the addresses, which was labeled by Etherscan as the exploiter of DAO Maker, has transferred $500,000 worth of DAI stablecoins through Tornado Cash. Hackers often funnel stolen assets through Tornado Cash because it allows them to obscure the transactional activity.
An Ethereum address connected with an exploit last year of DAO Maker has laundered 500,000 DAI stablecoins through Tornado Cash, security firms PeckShield and CertiK said today.
DAO Maker (not to be confused with stablecoin project Maker DAO) is a crowd fundraising platform that suffered a hack in August 2021. Because of a bug in DAO Makerβs smart contract, a hacker was able to steal more than $7 million in stablecoins. These funds were then scattered across different addresses controlled by the hacker.
A year after the incident, one of the addresses, which was labeled by Etherscan as the exploiter of DAO Maker, has transferred $500,000 worth of DAI stablecoins through Tornado Cash. Hackers often funnel stolen assets through Tornado Cash because it allows them to obscure the transactional activity.
πͺπΊ European Union is working on a project to fight counterfeiting and forgery by using NFTs
The European Union has recently announced that is working on a system that will use blockchain and NFTs as part of its fight against the counterfeiting of physical goods.
The system proposed will be designed by the European Union Intellectual Property Office, and is the product of more than five years of work.
The European Union has recently announced that is working on a system that will use blockchain and NFTs as part of its fight against the counterfeiting of physical goods.
The system proposed will be designed by the European Union Intellectual Property Office, and is the product of more than five years of work.
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ApeCoin Treasury Set to Unlock 25 Million APE Tokens for Launch Contributors
ApeCoin, the Ethereum-based token built for the Bored Ape Yacht Club NFT ecosystem, launched to immense hype (and significant paydays for BAYC holders) in March. Now some of the projectβs backers are set to reap over $115 million worth of APE tokens as a reward.
ApeCoin, the Ethereum-based token built for the Bored Ape Yacht Club NFT ecosystem, launched to immense hype (and significant paydays for BAYC holders) in March. Now some of the projectβs backers are set to reap over $115 million worth of APE tokens as a reward.
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π£ Crypto market maker Wintermute hacked for $160 million.
Crypto market making firm Wintermute has been hacked for $160 million but the firm remains solvent, according to founder and CEO Evgeny Gaevoy.
Gaevoy said today on Twitter that the money was related to its DeFi operations and that it's centralized exchange and over-the-counter offerings were not affected.
Crypto market making firm Wintermute has been hacked for $160 million but the firm remains solvent, according to founder and CEO Evgeny Gaevoy.
Gaevoy said today on Twitter that the money was related to its DeFi operations and that it's centralized exchange and over-the-counter offerings were not affected.
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ββCrypto app downloads fall 55% as bear market vibes hit the market
Due to the fact that the cryptocurrency market has been in the throes of a protracted bear market for the bulk of the last year, cryptocurrency applications have also witnessed a fall in interest, as seen by a considerable reduction in the number of app downloads. Although cash advance apps have grown 69% year-over-year (YoY), more than other fintech sectors, the performance of crypto and retail investing apps was trending downward.
Due to the fact that the cryptocurrency market has been in the throes of a protracted bear market for the bulk of the last year, cryptocurrency applications have also witnessed a fall in interest, as seen by a considerable reduction in the number of app downloads. Although cash advance apps have grown 69% year-over-year (YoY), more than other fintech sectors, the performance of crypto and retail investing apps was trending downward.
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π If history repeats itself, 95% of the coins that reached the #ATH in 2021-2022 will never reach it again.
In this bear market, your task is to discover those who will.
In this bear market, your task is to discover those who will.
ββFramework to ban members of Congress and SCOTUS from trading stocks includes crypto provision
A bill based on the proposed framework banning crypto investments could help to "restore the public's faith and trust in their public officials," according to Zoe Lofgren. Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should a bill get enough votes.
A bill based on the proposed framework banning crypto investments could help to "restore the public's faith and trust in their public officials," according to Zoe Lofgren. Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should a bill get enough votes.
ββNew Kraken CEO Ripley seeks growth, not a clash of crypto titans
Although incoming Kraken CEO Dave Ripley acknowledges he has "big shoes to fill," he laid out an ambitious strategy on how the company plans to navigate global regulations, the challenges it faces, and how it plans to target retail investors. Kraken has grown into a global digital currency exchange responsible for $16.25 billion.
Although incoming Kraken CEO Dave Ripley acknowledges he has "big shoes to fill," he laid out an ambitious strategy on how the company plans to navigate global regulations, the challenges it faces, and how it plans to target retail investors. Kraken has grown into a global digital currency exchange responsible for $16.25 billion.
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Ethereum developers, Cardano founder Charles Hoskinson get into a Twitter feud
Cardano (ADA) founder Charles Hoskinson got into a war of words with Ethereum (ETH) developers as he criticized them for ignoring Ouroboros. Ouroboros is a secure proof-of-stake protocol and the first blockchain protocol based on peer-reviewed research running on Cardanoβs blockchain.
According to him, Ethereum developers have ignored Ouroboros for the last five years, and the Ethereum core community is hating on Cardano. He described the Ethereum developers as viewing the Cardano community as a βcult beholden to an evil, sociopathic, but incompetent pathological lying founder who somehow has stumbled upon stolen success, but will be in jail any moment now when the world wakes up.β
Source
Cardano (ADA) founder Charles Hoskinson got into a war of words with Ethereum (ETH) developers as he criticized them for ignoring Ouroboros. Ouroboros is a secure proof-of-stake protocol and the first blockchain protocol based on peer-reviewed research running on Cardanoβs blockchain.
According to him, Ethereum developers have ignored Ouroboros for the last five years, and the Ethereum core community is hating on Cardano. He described the Ethereum developers as viewing the Cardano community as a βcult beholden to an evil, sociopathic, but incompetent pathological lying founder who somehow has stumbled upon stolen success, but will be in jail any moment now when the world wakes up.β
Source
βββ‘οΈ Circle (USDC) expands its $USDC to 5 new chains along with the launch of Cross-Chain Transfer Protocol.
Circle, the issuer of the second largest stablecoin, has expanded the support of the $USDC to five new blockchains including Arbitrum, Cosmos, NEAR, Optimism, and Polkadot. Furthermore, Circle will launch Cross-Chain Transfer Protocol to enhance USDC transactions between different blockchains.
Circle, the issuer of the second largest stablecoin, has expanded the support of the $USDC to five new blockchains including Arbitrum, Cosmos, NEAR, Optimism, and Polkadot. Furthermore, Circle will launch Cross-Chain Transfer Protocol to enhance USDC transactions between different blockchains.
ββ25% of Ethereum Blocks Comply With US Sanctions and Can Censor Transactions
A number of MEV-Boost relays are regulated under OFAC and can censor transactions. Over 25% of Ethereum blocks are now compliant with OFAC regulations. One website, MEV Watch, shows that some MEV-Boost relays are regulated under OFAC and can censor certain transactions.
A number of MEV-Boost relays are regulated under OFAC and can censor transactions. Over 25% of Ethereum blocks are now compliant with OFAC regulations. One website, MEV Watch, shows that some MEV-Boost relays are regulated under OFAC and can censor certain transactions.
KyberSwap CEO predicts DeFi will overtake TradFi in 10 years
KyberSwap CEO Victor Tran predicted onstage that decentralized finance (DeFi) will overtake TradFi in 10 years. On top of that, KyberSwap will also be the most used decentralized exchange (DEX) because of its innate ability to provide the best rates in all of DeFi. Speaking on the panel βDecentralized Exchanges: The Road Aheadβ along with co-founders from 1inch Network and Mantra, Tran declared that consumers in the future will value privacy and control, especially considering developments around the world today.
KyberSwap CEO Victor Tran predicted onstage that decentralized finance (DeFi) will overtake TradFi in 10 years. On top of that, KyberSwap will also be the most used decentralized exchange (DEX) because of its innate ability to provide the best rates in all of DeFi. Speaking on the panel βDecentralized Exchanges: The Road Aheadβ along with co-founders from 1inch Network and Mantra, Tran declared that consumers in the future will value privacy and control, especially considering developments around the world today.
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