Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam

August 12, 2022 Bitcoin.com

Amsterdam

According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.” Netherlands Law Enforcement Takes Suspected Tornado […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M

August 9, 2022 Bitcoin.com

OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding 7M

attack

On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Following the ban, the internet hosting service for software and open source code development, Github, erased some of the Tornado Cash commits and […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

US Government Bans Ethereum Mixer Tornado Cash, Platform Added to OFAC’s SDN List

August 8, 2022 Bitcoin.com

Alex Smirnov

On Monday, the U.S. Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash. OFAC has cited that the mixer has helped North Korean hackers such as the hacking syndicate known as Lazarus Group. OFAC Sanctions Tornado Cash Mixing App OFAC has officially banned the Tornado Cash and […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

Debridge Finance Suspects North Korean Hacking Syndicate Lazarus Group Attacked the Protocol’s Team

August 6, 2022 Bitcoin.com

Alex Smirnov

According to the co-founder of Debridge Finance, Alex Smirnov, the infamous North Korean hacking syndicate Lazarus Group subjected Debridge to an attempted cyberattack. Smirnov has warned Web3 teams that the campaign is likely widespread. Lazarus Group Suspected of Attacking Debridge Finance Team Members With a Malicious Group Email There’s been a great number of attacks […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

Report: Two South Koreans Paid in Bitcoin to Spy for North Korea

May 4, 2022 Bitcoin.com

Axie Infinity

South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total of $637,789. South Korea’s Joint Command and […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract

April 16, 2022 Bitcoin.com

Adam Ficsor

According to the project’s official Twitter account, Tornado Cash, the ethereum mixing service that allows participants to shuffle ether, is blocking flagged ethereum addresses listed on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals And Blocked Persons list (SDN). The decision follows the recent OFAC update, that lists the Ronin exploiter’s ethereum address, […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

North Korean Hackers Stole $400 Million in Cryptocurrency Last Year — Ether Accounts for 58% of Stolen Funds

January 15, 2022 Bitcoin.com

North Korean Hackers Stole 0 Million in Cryptocurrency Last Year — Ether Accounts for 58% of Stolen Funds

bitcoin.com

North Korean hackers stole cryptocurrency worth about $400 million last year in at least seven major attacks on crypto platforms. “Only 20% of the stolen funds were bitcoin … And for the first time ever, ether accounted for a majority of the funds stolen at 58%,” said blockchain data analytics firm Chainalysis. North Korean Hackers […]

BRICS Discusses Alternative Payment Platforms to Bypass Western Financial Systems

North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report

April 7, 2021 Bitcoin.com

North Korean Hackers Threatened Bithumb Exchange With a M Ransom Amid the 2017 Data Breach, Says Report

bitcoin.com

A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers Threatened to ‘Destroy’ Data and Cryptos Stolen […]

north korean hackers