Notorious North Korean hackers Lazarus Group has returned to sanctioned coin mixing service Tornado Cash to launder $12 million worth of ether {{ETH}}.
Wall Street Journal corrects article misciting Hamas’ crypto terrorism funding data
Elliptic, the firm which Wall Street Journal sourced the data from, said it was “pleased” to see the news outlet acknowledge its mistakes.
Media Reported Hamas Got Millions Via Crypto, but the Data Provider They Cited Says It Was Misconstrued
After Hamas’ deadly attacks in Israel, media reports linked the terrorist group with tens of millions in crypto donations, but that data was misinterpreted and hugely exaggerated, according to the blockchain analytical firm that was cited.
Criminals more reliant on cross-chain bridges than ever after mixer crackdowns
The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, but that is now accelerating even faster than projected.
Bitcoin no longer asset of choice for criminals – former Elliptic crypto advisor
Criminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative due to accessibility.
Atomic Wallet hackers turn to OFAC-sanctioned Garantex: Elliptic
Stolen loot crypto from Atomic wallets has started passing through sanctioned Russian-based exchange Garantex, according to Elliptic.
Atomic Wallet Was Breached by North Korean Hackers: Elliptic
Wallets that siphoned Atomic users’ funds are connected to the known Lazarus group’s addresses, crypto tracing firm said.
Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic
Stolen crypto from Atomic wallets is already on the move to mixers according to Elliptic.
Why Elizabeth Warren Is Wrong About Crypto and the Fentanyl Epidemic
Crypto’s Fentanyl Trade Worth Tens of Millions: Security Researchers
Reports from Chainalysis and Elliptic point to the trade for fentanyl precursors and fentanyl itself being fuelled by crypto.
Japan leads world in losses from North Korean crypto hacking with 30% of total: Report
An Elliptic report commissioned by Nikkei says Asian countries account for over 60% of losses to North Korean hackers and ransomware users; lax security played a role.
Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers
The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.
Binance and Huobi Freeze $1.4M in Crypto Tied to Harmony Bridge Theft
Tracing firm Elliptic said it followed the money through Tornado Cash.
Crypto mixer Blender has been rebranded to Sinbad, says Elliptic
Elliptic’s analysis of wallets tied to a suspected Blender operator showed $22 million going to Sinbad as well as similar “characteristics of transactions” between the mixers.
Into the storm: The murky world of cryptocurrency mixers
A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.
Illicit cross-chain transfers expected to grow to $10B: Here’s how to prevent them
Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions.
Terrorists are funding their horrible deeds with crypto: UN officials
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, “advanced” terror organizations are turning to cryptocurrencies.
‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic
Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic.
Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic
The blockchain forensics firm said cross-chain bridges provide an “unregulated alternative” to exchanges for transferring value between blockchains.
Curve Finance exploit: Experts dissect what went wrong
Attackers who hijacked Curve Finance’s landing page moved quickly to convert stolen funds to various tokens through different exchanges, wallets and mixers.