The crypto industry faces increasing pressure for tax compliance as US Congress members urge Treasury and IRS to implement regulations. Meanwhile, funds from the $35 million Atomic Wallet hack are traced to Sinbad.io, allegedly involved in laundering over $100 million in cryptoassets.
Search Results for: Lazarus
Atomic Wallet Hack & Sinbad Coin Mixer: Anonymity Asset or Threat?
The $35 million Atomic Wallet hack involved stolen funds traced to Sinbad, a coin mixing service popular among North Korean hacker cell Lazarus. Coin mixers provide anonymity in crypto transactions, but their use for illicit activities poses challenges for law enforcement and regulatory measures.
Hacker Hijacks Tornado Cash, Launders Stolen Funds, and Returns Control: Exploring the Risks
The hacker who hijacked cryptocurrency mixer Tornado Cash returned control to its team, despite laundering stolen funds on the platform. This highlights the risks linked to privacy-enhanced solutions and Tornado Cash’s use by cybercriminals for hiding illicit transactions.
Japan’s $721M Crypto Hacks: North Korea’s Theft Strategy & Global Security Lessons
Japan has suffered $721 million in cryptocurrency theft by North Korean hackers, accounting for 30% of the global total, according to a study by Elliptic. Lax security systems in Japan and Vietnam are said to be the primary reasons for their vulnerability. The findings emphasize the importance of implementing robust security measures and increasing international cooperation against such threats.
North Korean Crypto Heists: Protecting Japan’s Booming Blockchain Economy
North Korean hackers have allegedly stolen $721 million in cryptocurrency from Japan since 2017, contributing to 30% of global crypto thefts. Japan’s favorable regulatory environment and increased cryptocurrency adoption create an attractive target, requiring a balance between innovation and stringent security measures to protect investors.
Twitter CEO Hunt: Will Crypto Dominate Platform’s Future with Musk’s Influence?
The crypto community eagerly awaits Twitter’s new CEO appointment, as it may affect the platform’s stance on cryptocurrency adoption. With Elon Musk’s involvement and recent addition of meme tokens on Binance US, speculations arise whether Twitter would introduce crypto-based payments and gifting options, attracting a broader user base or alienating skeptics.