News Explorer — The Hacker Behind the Poloniex Theft Sent $3.3 Million Worth of Ethereum to Tornado Cash, a Sanctioned Coin Mixer

Generated by AI, curated by humans

May 7, 5:51 am

Coindesk

The Hacker Behind the Poloniex Theft Sent $3.3 Million Worth of Ethereum to Tornado Cash, a Sanctioned Coin Mixer

Blockchain data reveals that the hacker responsible for stealing $125 million from Poloniex's hot wallets in November has sent 1,100 ether (ETH) to the sanctioned coin mixer Tornado Cash. The ether, valued at approximately $3.3 million, was sent in batches of 100 ETH to Tornado Cash after being dormant for 178 days. The hacker also transferred 501 bitcoin (BTC) worth $32 million to an unlabelled wallet, holding a total of $181 million worth of crypto across different blockchains.

Blockchain data reveals that the hacker responsible for stealing $125 million from Poloniex's hot wallets in November has sent 1,100 ether (ETH) to the sanctioned coin mixer Tornado Cash. The ether, valued at approximately $3.3 million, was sent in batches of 100 ETH to Tornado Cash after being dormant for 178 days. The hacker also transferred 501 bitcoin (BTC) worth $32 million to an unlabelled wallet, holding a total of $181 million worth of crypto across different blockchains.

Latest

May 29, 4:20 pm

Decrypt

Wintermute Is Providing Sustained Liquidity on Prediction Market Platforms Polymarket and Kalshi

Wintermute, a major market maker in the crypto industry, has been providing liquidity on prediction markets, including P... Read Summary

May 29, 3:00 pm

Decrypt

Kalshi Secures CFTC Approval to Offer Bitcoin Perps

Kalshi has received approval from the CFTC to offer perpetual futures tied to Bitcoin's price in the U.S., marking a sig... Read Summary

May 29, 2:42 pm

Decrypt

Sui Network Goes Offline for Second Straight Day

The SUI token, native to the Sui blockchain, has dropped 20% this week due to a network stall causing downtime for the s... Read Summary

May 29, 12:39 pm

Decrypt

Bitcoin ETFs See Massive Outflows Totaling $2.8 Billion in Record 9-Day Losing Streak

Bitcoin ETFs have experienced significant outflows totaling $2.8 billion over nine consecutive days, with the largest si... Read Summary

May 29, 11:59 am

Decrypt

Ex-Police Colonels in Ukraine Accused of Kidnapping Crypto Entrepreneurs

Former Ukrainian police colonels allegedly formed a criminal gang, kidnapping crypto entrepreneurs and extorting over $2... Read Summary

May 29, 10:44 am

Coindesk

Kalshi Files Federal Lawsuit Against Minnesota's Prediction Market Ban

Prediction market Kalshi has filed a federal lawsuit against a Minnesota bill criminalizing prediction market operations... Read Summary

May 29, 10:34 am

Decrypt

Paxos Receives SEC Registration as Clearing Agency

Paxos Securities Settlement Company, a subsidiary of Paxos, has become the "first blockchain-native firm" to receive SEC... Read Summary

May 29, 9:10 am

Coindesk

Strategy's Stretch (STRC) Preferred Share Price Drops With Bitcoin

Strategy's perpetual preferred security, Stretch (STRC), experienced a drop to $97.11 as bitcoin fell to $73,000. STRC f... Read Summary

May 29, 8:19 am

Coindesk

TrapDoor Malware Campaign Sets Sights on Solana, Sui and Aptos Wallet Keys

A new crypto-theft campaign, TrapDoor, targets developers with wallet keys, cloud credentials, and production access. Th... Read Summary

May 29, 7:24 am

www.gamblingnews.com

European Union May Tax Gambling and Digital Firms, Aiming to Generate Billions in Revenue

The European Commission is considering taxing the gambling industry and other sectors to generate up to EUR 13.3 billion... Read Summary

May 29, 6:07 am

Coindesk

OKX Ventures, Korea Investment & Securities to Invest $106 Million in Coinone for 39.2% Stake

OKX Ventures and Korea Investment & Securities will collectively invest KRW 160 billion ($106 million) for a 39.2% stake... Read Summary

May 28, 8:09 pm

Decrypt

SUI Down Over 5% as Outage Shuts Down Network for Hours

The Sui network faced a major outage due to a network stall, causing over five hours of downtime and counting. Engineers are working on a solution, with a fix being rolled out to validators. Read Summary

May 28, 7:53 pm

Coindesk

Crypto Firm FalconX Confidentially Files With SEC for IPO: Report

FalconX has confidentially filed a draft S-1 registration statement with the SEC, taking the initial step towards a pote... Read Summary

May 28, 6:53 pm

Coindesk

Tether's USAT Token Sees Over 500% Boost in Circulating Supply

Tether's USAT token saw a 540% growth in circulating supply and reserve assets in April, reaching $140.8 million and $14... Read Summary

May 28, 5:51 pm

Protos

Sequans Communications Sells Off Bitcoin, Ending Treasury Experiment in Less Than a Year

Sequans Communications, a French semiconductor company, is winding down its Bitcoin treasury experiment after redeeming... Read Summary