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Kronos Research hacker shifts funds to Tornado Cash

Kronos Research was exploited for $25 million in November 2023, with one of the six wallets linked to the hacker moving funds to Tornado Cash on May 7.

The hacker behind the $25 million exploit of quantitative trading firm Kronos Research in mid-November 2023 started moving funds nearly six months after the exploit.

The hacker wallet first transferred 1,314 Ether (ETH) worth $4 million to a new address, starting with 0x8F5e4 and later transferred all the ETH to another address starting with 0x164A24b.

The hacker made 10 transactions of 100 ETH from the final wallet and transferred it to Tornado Cash, a crypto-mixing tool.

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CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28

US senators, FBI aren’t opposed to crypto privacy: Railgun contributor

Ethereum privacy protocol Railgun contributor Alan Scott Jr. says U.S. regulators and government agencies don’t get enough credit for genuinely “trying to understand” crypto.

United States senators and intelligence agencies may not be as opposed to privacy-focused crypto protocols as some believe, according to Railgun researcher and advocate Alan Scott Jr. 

Speaking to Cointelegraph at ETH Global in Sydney on May 2, Scott — a contributor and public advocate for Railgun — said based on conversations he’s had with senators and the FBI in Washington D.C., he hasn’t seen any hints of a crypto privacy crusade on Capitol Hill. 

There are many people in the upper echelons of government who are “generally smart, want to do right, and protect people,” he said.

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CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28

Coin Center Warns of DOJ Overreach in Tornado Cash, Samourai Wallet Cases

Coin Center Warns of DOJ Overreach in Tornado Cash, Samourai Wallet CasesThe recent actions by the Department of Justice (DOJ) against non-custodial crypto wallet developers have sparked controversy and concern within the cryptocurrency community. According to Coin Center, these charges mark a significant shift from previous U.S. policies regarding money transmission, potentially impacting the liberty and privacy rights of developers and users alike. Coin Center: DOJ […]

CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28

DOJ Opposes Tornado Cash Developer’s Motion To Dismiss, Says Defendant Exercising Misdirection

DOJ Opposes Tornado Cash Developer’s Motion To Dismiss, Says Defendant Exercising Misdirection

The U.S. Department of Justice (DOJ) is pushing back against a Tornado Cash founder’s efforts to have his charges dismissed. Tornado Cash is an Ethereum (ETH)-based coin mixing system that helps users conceal their digital assets. The US sanctioned the controversial project 2022 for national security purposes. One of its founders, Roman Storm, was arrested […]

The post DOJ Opposes Tornado Cash Developer’s Motion To Dismiss, Says Defendant Exercising Misdirection appeared first on The Daily Hodl.

CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash Litigation

Does Money Transmitting Require Control? DOJ Says No in Tornado Cash LitigationSince the Department of Justice (DOJ) filed its legal opposition to the pretrial motions of Tornado Cash developers Roman Storm and Roman Semenov, there has been a buzz within the cryptocurrency community regarding specific aspects of the court filing. A key point raised by the prosecutors is their belief that the definition of “money transmitting” […]

CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28

DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer

DOJ Counters Motion to Dismiss Charges Against Tornado Cash DeveloperIn a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The […]

CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28

‘Privacy Is Not a Crime’ — Samourai Indictment Provokes Strong Reactions From Crypto Advocates

‘Privacy Is Not a Crime’ — Samourai Indictment Provokes Strong Reactions From Crypto AdvocatesOn Wednesday, the U.S. Department of Justice from the Southern District of New York brought charges against the creators of Samourai Wallet for running an unlicensed money transmission service and for engaging in money laundering activities. This development has left the cryptocurrency community in dismay, with many expressing their displeasure over the aggressive measures employed […]

CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28

Blockchain Association Files Amicus Brief in Support of Tornado Cash Developers Roman Storm and Roman Semenov

Blockchain Association Files Amicus Brief in Support of Tornado Cash Developers Roman Storm and Roman Semenov

The Blockchain Association, a prominent crypto advocacy group, is showing support for the two developers of mixing service Tornado Cash in their legal battle against the United States. Last year, the U.S. Department of Justice (DOJ) charged Tornado Cash founders Roman Storm and Roman Semenov with aiding the North Korean hacking group Lazarus in laundering […]

The post Blockchain Association Files Amicus Brief in Support of Tornado Cash Developers Roman Storm and Roman Semenov appeared first on The Daily Hodl.

CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28

Tornado Cash Developer Files Motion for Courts To Dismiss ‘Fatally Flawed’ Criminal Indictments

Tornado Cash Developer Files Motion for Courts To Dismiss ‘Fatally Flawed’ Criminal Indictments

A co-founder and developer of crypto mixer Tornado Cash has filed a motion to have the US government’s lawsuit against him dismissed. Last year, the U.S. Department of Justice (DOJ) charged Roman Storm and Roman Semenov, another founder, with aiding the North Korean hacking group Lazarus in laundering illicit funds through the Tornado Cash mixing […]

The post Tornado Cash Developer Files Motion for Courts To Dismiss ‘Fatally Flawed’ Criminal Indictments appeared first on The Daily Hodl.

CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28