Reports are surfacing that a cryptocurrency exchange has been drained of $234 million.
Indian crypto exchange WazirX’s Safe Multisig wallet on the Ethereum network has apparently been compromised, per data from CYVERS.
A total of $234.9M has been moved to a new address. Each transaction’s caller is funded by TornadoCash.
PeckShield also reported about this exploit in a recent tweet.
The suspicious address has swapped PEPE, GALA, and USDT to ETH and continues to swap other digital assets.
The U.S. Securities and Exchange Commission (SEC) has initiated legal action against Rari Capital, a decentralized finance platform, and its founders.
Alex Mashinsky, the former CEO of Celsius serving a 100-year prison sentence, is seeking the testimony of six ex-employees as part of his criminal case.
Since Bitcoin’s inception in 2009, it initially struggled to gain recognition as a groundbreaking technology, often being dismissed as a scam or fraud.
Former Binance CEO Changpen Zhao is nearing the end of his four-month prison sentence, with his release scheduled for September 29, according to the US Federal Bureau of Prisons.