Tornado Cash developer Alexey Pertsev has reportedly appealed a guilty verdict in the Netherlands, a case that has sparked a wider discourse crypto privacy. Pertsev and his legal team, led by lawyer Keith Cheng, reportedly submitted an appeal against the 64-month sentence for allegedly facilitating over $2.2 billion in money laundering through the Ethereum-powered crypto mixer,...
Crypto detective ZachXBT has identified the alleged PrismaFi hacker, exposing their involvement in the $11.1 million theft and subsequent demands. Blockchain sleuth ZachXBT uncovered an alleged attacker behind the PrismaFi hack, which left the protocol without $11.1 million worth of crypto. In a series of X posts, ZachXBT revealed that the exploiter, known as 0x77 (or Trung)...
“By no stretch can Mr. Storm be deemed to have conspired to launder funds,” Storm’s attorneys argued in a March 29 filing with the U.S. District Court for the Southern District of New York. Storm’s lawyers claimed that Tornado Cash “became immutable” and made publicly available before being used by the hacker groups sanctioned by the U.S. Department...
PeckShield reported the movement of assets from addresses related to the hacking of the Prisma Finance protocol. Analysts tracked the movement of funds in wallets involved in the criminal operation. Through two transactions, the hacker sent 1,840 Ethereum (ETH) worth about $6.5 million to the Tornado Cash mixer. After some time, experts noted that the attacker sent a message...
Exploiters who hacked Heco Bridge laundered the stolen assets through the controversial cryptocurrency mixer Tornado Cash. Hackers behind the Heco exploit collectively laundered more than 40,000 Ethereum (ETH) worth $145.7 million, according to PeckShieldAlert. “As of today (22 Mar. 2024, UTC), HECOBridge exploiters – labeled addresses – have transferred ~$40,391.8 ETH (equivalent to ~$145.7m) to TornadoCash within...
