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Elliptic’s analysis of wallets tied to a suspected Blender operator showed $22 million going to Sinbad as well as similar “characteristics of transactions” between the mixers. Go to Source Powered by WPeMatico
A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by the busted Hydra, is believed to have conquered up to a fifth of the illicit market before the hack. Solaris Allegedly Taken Over by Darknet … Read more
On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum, worth $63.2 million at current exchange rates. Onchain Researchers Track Stolen Ethereum From Harmony Bridge Attack and Help Major … Read more
A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash. Go to Source Powered by WPeMatico
Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions. Go to Source Powered by WPeMatico
Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was supposed to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed … Read more
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, “advanced” terror organizations are turning to cryptocurrencies. Go to Source Powered by WPeMatico
Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic. Go to Source Powered by WPeMatico
The firm reported that although the market downturn had caused the value of NFTs to “slump”, scammers stole an estimated 4,647 of the tokens in July 2022. Go to Source Powered by WPeMatico
The blockchain forensics firm said cross-chain bridges provide an “unregulated alternative” to exchanges for transferring value between blockchains. Go to Source Powered by WPeMatico
