Euler Finance hacker has started moving some of the stolen funds through sanctioned mixing protocol Tornado Cash, according to on-chain data. Blockchain analytics firm PeckShield reported that the hacker moved 1000 Ethereum (ETH) into the Tornado Cash mixer through an intermediary address “0xc66d…c9a.” The firm added that the hacker still holds 1,500 ETH — roughly…
FTX management said Sam Bankman-Fried (SBF) and other top executives of the bankrupt firm received $3.2 billion in payments and loans — mainly from its sister company, Alameda Research. According to a March 15 statement, SBF received $2.2 billion from this payout. Other executives like former FTX director Nishad Singh, FTX co-founder Gary Wang, former…
The U.S. Federal Reserve has announced that its FedNow service will launch this summer, as seen in a statement from the agency on March 15. FedNow service to launch in July The Federal Reserve said that it will begin to certify FedNow participants in April. It will also engage in validation activities to ensure that…
Guo Wengui — also known as Miles Guo — has been charged over a fraudulent cryptocurrency scheme, according to a statement from the SEC on March 15. SEC files charges against Guo The U.S. Securities and Economic Commission (SEC) said that Guo ran a crypto offering for an asset called “H-Coin” (aka “Himalaya Coin” or…
In the latest episode of BitTalk, hosts Akiba, James, and Nick discussed the recent surge in Bitcoin’s price, which had surpassed $26k. While the hosts acknowledged the importance of discussing price in the crypto industry, they also pointed out the need to focus on Bitcoin’s use case as a currency and the challenges it faces….
Sam Bankman-Fried is seeking the court’s assistance in giving priority to the reimbursement of his legal fees. Sam Bankman-Fried, the CEO of FTX, has been seeking the court’s assistance in prioritizing reimbursing his legal fees. SBF’s lawyers want to get paid The move comes after Bankman-Fried was named as a defendant or involved in various…
Tom Emmer, Republican Congressman for Minnesota, wrote a letter to the Chairman of the Federal Deposit Insurance Corporation (FDIC), Mark Gruenberg, on March 15 expressing his concerns about the recent closures of digital asset and tech-centered banks like Silvergate, Signature Bank, and Silicon Valley Bank. FDIC weaponizing banks Emmer shared the letter on Twitter, declaring…
The U.S. Department of Justice (DOJ) has shut down the Bitcoin mixing service ChipMixer, as announced in a statement on March 15. ChipMixer handled $3 billion of illicit crypto The DOJ said that ChipMixer has been used to launder more than $3 billion of illicit cryptocurrency transactions since August 2017. That total includes $17 million…
This week’s on-chain data report by the analytics company Glassnode looks into three major events — the depegging of the USDC stablecoin, net capital outflows and futures open interest data. (Source: Glassnode insights) This has caused USDC and DAI to trade at lower values of $0.88 and $0.89 respectively. DAI’s value drop is because it…
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