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.
A U.S. court has handed down a 30-year prison sentence to Mohammed Azharuddin Chhipa, who was found guilty of financing terrorism through cryptocurrency.
A major chapter in crypto’s legal reckoning closed this week as Alex Mashinsky, once a prominent name in digital lending, received a 12-year prison sentence.
Former Celsius CEO Alex Mashinsky is asking for a significantly reduced prison sentence ahead of his May 8 sentencing, with his legal team pushing back hard against the U.S. Department of Justice’s call for a 20-year term.
The legal battle against the creators of Samourai Wallet has taken a sharp turn, as defense attorneys accuse federal prosecutors of suppressing a key legal interpretation from the Treasury Department that could dismantle the core of the government’s case.