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Two Brothers Indicted for $25 Million Ethereum Blockchain Heist
Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York, have been indicted on charges of conspiracy to commit wire fraud and money laundering. According to the DOJ, the brothers allegedly orchestrated a scheme that exploited the integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency in just......
North Korea Laundered $147.5 Million Via Tornado Cash: UN
United Nations sanctions monitors have revealed information about North Korea's illicit financial activities in a confidential report that Reuters saw on Tuesday. The report, submitted to a U.N. Security Council sanctions committee on Friday, details how the nation laundered $147.5 million through Tornado Cash in March. Key findings from the report: UN sanctions monitors investigated......
Sonne Finance Falls Victim to $20M Hack, Forcing Protocol to Pause Operations
Lending protocol Sonne Finance has suspended its operations following a hack that resulted in the theft of $20 million worth of cryptocurrencies from the platform. The incident, which occurred on May 14 at approximately 10:30 p.m. UTC, was first detected by Web3 security firm Cyvers. The firm noted an ongoing attack targeting Sonne Finance's USD......
El Salvador Volcanic Bitcoin Mining Yields 473.5 BTC, Boosting Holdings to 5,750 Coins
El Salvador has mined 473.5 Bitcoin since September 2021 using geothermal energy from the Tecapa volcano. According to official data released by the country's "Bitcoin Office" on Tuesday, this brings the government's total Bitcoin portfolio to 5,750 BTC. Key points: El Salvador has mined 473.5 Bitcoin since 2021 using geothermal energy from the Tecapa volcano.......
🥛 SELL or HODL: the art of valuing an airdrop 🪂
Today’s edition is brought to you by Safe{Wallet} – a decentralized custody protocol and collective asset management platform that secures over $100 billion in digital assets with multi-layered security....
Tornado Cash Developer Convicted of Money Laundering, Sentenced To 64 Months in Prison
A Dutch judge at the s-Hertogenbosch court has found Alexey Pertsev, a developer of the cryptocurrency mixing platform Tornado Cash, guilty of money laundering. The court sentenced Pertsev to 64 months in prison, marking a shocking development in the ongoing legal battles surrounding the crypto mixer. Key points: Alexey Pertsev convicted of money laundering by......
Coinbase Investigates System-Wide Outage, Assures Users’ Funds Are Safe
Coinbase is currently grappling with a system-wide outage that has left users unable to access their accounts or conduct transactions. The company has announced that it is actively investigating the issue and working on implementing a solution to restore full functionality to its platform. Key points: Coinbase is experiencing a system-wide outage, affecting all users.......
🥛 4 KEY things to watch this week 🔑
Today’s edition is brought to you by MetaMask – the leading self-custodial wallet to manage your identity, digital assets and to explore web3. Secure your crypto journey today!...
Crypto Exchange Rain Allegedly Exploited for $14.8M: ZachXBT
In a recent revelation by on-chain investigator ZachXBT, the Bahrain-based crypto exchange Rain appears to have fallen victim to a significant exploit. The exploit has resulted in a loss of approximately $14.8 million. The alleged incident, which took place on April 29, 2024, was brought to light through a Telegram post by the renowned sleuth.......
Crypto Funds See $130M Inflows, Ending 5-Week Outflow Streak
After five consecutive weeks of outflows, crypto investment products have experienced a notable turnaround, recording inflows totaling $130 million. However, despite this positive development, exchange-traded product (ETP) volumes continue to subside. They have recorded a weekly volume of $8 billion compared to the $17 billion average in April, according to a report by CoinShares. Key......
