
Blockchain security firms say bad actors typically move altcoins into Ether to prepare for laundering, as the native token has no built-in means to get frozen.
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A total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche.
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The online crypto casino reported unauthorized transactions from its hot wallets on Sept. 4 with blockchain security firms estimating at least $41 million pilfered from hackers.
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A United States federal court recently used on-chain tech to lock criminals out of their crypto on the Jurat Network. Founder Mike Kanovitz admits the technology could see hate from crypto purists.
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There are still too many unknowns over how various Telegram trading bots store private keys, blockchain security firms told Cointelegraph.
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Approximately $215 million of stolen assets have since been recovered.
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Over $45 million was lost to exit scams in May while exploits on DeFi protocols racked up less than half that amount over the same period.
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Despite the sanctions on the crypto mixing service, the bad actors behind January’s biggest exploit have deposited millions worth of funds into Tornado Cash.
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One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.
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The Chief Marketing Officer a blockchain security company has been charged with embezzlement; Peter Thiel calls Bitcoin a ‘weapon’ of China (but no one cares), and CZ’s net worth rises to $1.9 billion.
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