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Sinbad was used by North Korean cyber criminals to launder hundreds of millions stolen from some of crypto’s biggest hacks like Ronin Bridge and Atomic Wallet, said the Treasury. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Sinbad, a cryptocurrency mixing service allegedly leveraged
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Treasury's Office of Foreign Assets Control, or OFAC, designated two Bitcoin addresses and two email addresses tied to Sinbad, banning all U.S. persons and anyone who transacts with the global financial system from interacting with the addresses in future. Source
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Republican United States Presidential candidate Vivek Ramaswamy unveiled a crypto policy framework on Nov. 16 at the North American Blockchain Summit (NABS) in Fort Worth, Texas. Called “The Three Freedoms of Crypto,” the framework states that developers of smart contract code should not be held liable for the actions of
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A $144 million Bitcoin transaction has been uncovered linked to the defunct Abraxas darknet market, which shut down in 2015. Blockchain analyst ZachXBT has uncovered a mysterious transaction involving 4,800 BTC, equivalent to roughly $144 million. The wallet in question has been linked to the Abraxas darknet market, an underground
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An entity has moved 4,800 BTC ($144M) to a coin mixer from a wallet tied to defunct darknet marketplace Abraxas, which closed in 2015. Original Source
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Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic.In June and July, nearly all of the crypto stolen was laundered through cross-chain bridges, Elliptic’s data shows a complete reversal from the first half of 2022. In a Sept.
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But for most people in the world, Ethereum is crypto. And today there’s no way to, say, pay for a meal on-chain without revealing your entire financial history, and that’s a bad thing. At some point Ethereum will need a workable solution for privacy, if only because it’s an expectation
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“It is undisputed that Tornado Cash uses smart contracts to provide a layer of privacy for its users by allowing them to deposit crypto assets in one wallet and then withdraw assets from a different wallet. Plaintiffs claim that as of 2020, the smart contracts are immutable, autonomous software applications
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Elliptic identifies the movement of illicit funds from the $35 million Atomic Wallet breach to Sinbad.io, a crypto mixer with ties to North Korea’s Lazarus Group. Blockchain compliance firm Elliptic has discovered that the funds stolen in
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Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group.On June 5, blockchain compliance analytics firm Elliptic reported that its Investigations Team has traced funds from the $35 million Atomic Wallet hack
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