“In a space that is just completely flooded with bulls**t and with fakers and self-promoters, I think that has actually been a superpower.” Crypto venture capital firm Dragonfly Capital has closed its fourth fund at $650 million. The fund comes as the broader cryptocurrency market faces a severe downturn, with token prices declining and…
Stay tuned for the latest updates from StealthEX and CryptoDaily. Each week, we highlight the biggest stories shaping crypto. Curious about what’s trending right now? We’ve put together a quick rundown of the news you need to know. It’s clear, simple, and straight to the point. Follow along and stay one step ahead in the…
A significant portion of the $1.4 billion in cryptocurrency stolen during Bybit hack by North Korea’s Lazarus Group has become untraceable, according to the exchange CEO Ben Zhou. In a tweet detailing the current status of the hacked funds – approximately 500,000 ETH – the exec reported that 27.59% have gone dark, largely due to…
Ethereum co-creator Vitalik Buterin has donated hundreds of thousands of dollars worth of ETH to Alexey Pertsev, a developer of Tornado Cash, a crypto mixer once sanctioned by the US government. According to Etherscan data reported by crypto reporter Colin Wu, Buterin donated a total of 100 ETH to Pertsev on two occasions, helping him…
aOn November 26, the Fifth Circuit Court of Appeals ruled that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) exceeded its authority by sanctioning crypto mixer Tornado Cash’s immutable smart contracts. The court declared that these autonomous smart contracts, which operate without human intervention, cannot be classified as “property” under federal…
The federal appeals court ruled against the US Treasury Department’s sanctions on Tornado Cash in a Court of Appeals in New Orleans on Tuesday, Nov. 26. The three-judge panel determined that the Treasury overstepped its legal authority by sanctioning the software itself rather than specific individuals or entities. The court found that the Tornado Cash…
Decentralized Finance (DeFi) platform Penpie, built on the Pendle network, reportedly suffered a major exploit on September 3, 2024. According to the real-time on-chain monitoring system Cyvers Alert, the hack led to the loss of at least $26 million in various wrapped and synthetic crypto assets. Details of the Attack Emerge The security surveillance company…
Indian crypto exchange Wazirx has accelerated Phase 2 of INR withdrawals after a cyberattack on July 18. Initially scheduled for Sept. 9, eligible users can now withdraw up to 66% of their INR balances. However, crypto trading on the platform will not resume for another six months. Wazirx Expedites INR Withdrawals Amid Post-Hack Restructuring Efforts…
In a September 1 X post, Kannon Shanmugam, a lawyer representing Joseph Van Loon and several others in a lawsuit against the U.S. Treasury hinted that he would be presenting arguments in the Fifth Circuit for the case. In a show of support for the legal challenge, Coinbase’s Chief Legal Officer, Paul Grewal, responded to…
OKX CEO Star Xu warned users that deposit to and withdrawals from sanctioned crypto platforms, including Garantex and Tornado Cash, could result in freezing your funds. OKX CEO Star Xu has warned users about the risks surrounding the sanctioned crypto mixer Tornado Cash. In an August 9 statement on the X platform, Xu stressed that…