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Investors are growing restless as the hacker behind the WazirX breach has started funneling millions of dollars in user assets through Tornado Cash following the Indian exchange's $230 million exploit on July 18. Early Tuesday morning, the exploiter initiated the transfer of 2,600 ETH, valued at $6.5 million, to the sanctioned mixer Tornado Cash, according to blockchain security firm PeckShield.  In August 2022, the U.S. Treasury Department sanctioned Tornado Cash, claiming it “has been used to...

In Ukraine on Monday, police arrested a criminal group that allegedly extorted $250,000 in stablecoin Tether (USDT) from a young entrepreneur by posing as law enforcement officials and threatening him with criminal charges for a fabricated crime.  The four suspects, who were detained by cyber police and the Department of Internal Security of the National Police, face up to 12 years in prison, according to a statement. In May, the 20-year-old online business founder reported to police that unknow...

More details about the upcoming crypto gaming handheld console SuiPlay0x1 have been revealed by Playtron and Mysten Labs, the creators of the Sui blockchain. With this, pre-orders for the device have opened with the first to pay receiving an NFT reward. The SuiPlay0x1 aims to rival Valve’s Steam Deck as a powerful handheld gaming device that can run PC games as well as crypto games—a key difference between the devices. Currently priced at $599 (plus shipping and tax), the SuiPlay0x1 falls in bet...

Scottish prosecutors converted and seized almost $144,000 (£110,000) worth of Bitcoin from the “technical brains” behind a home invasion in which a crypto holder was threatened with a machete. John Ross Rennie was convicted in October 2023 after being found guilty of “reset relating to cryptocurrency,” relating to his indirect involvement in the robbery. The late-night robbery took place at the unnamed victim’s own home in the town of Blantyre, near Glasgow, in March 2020. Three men forced the u...

Detained Binance executive Tigran Gambaryan protested his treatment by Nigerian authorities in a newly released video posted on Twitter. In the video, Gambaryan can be seen crying out in pain, pleading with a Nigerian guard for support, as he struggles to walk using a single crutch. “[The guard] was told not to help me,” Gambaryan asserted to cameras filming him, adding, “This is fucked up! Why can’t I use a goddamn wheelchair?” Binance CEO Richard Teng retweeted the video, stating that, "This...

Detained Binance executive Tigran Gambaryan protested his treatment by Nigerian authorities in a newly released video posted on Twitter. In the video, Gambaryan can be seen crying out in pain, pleading with a Nigerian guard for support, as he struggles to walk using a single crutch. “[The guard] was told not to help me,” Gambaryan asserted to cameras filming him, adding, “This is fucked up! Why can’t I use a goddamn wheelchair?” Binance CEO Richard Teng retweeted the video, stating that, "This...

Bitcoin’s price action might be dull lately—and dipping further so far today—but at least one metric is booming: the cryptocurrency’s hash rate.  The biggest digital coin’s hash rate today hit 742 exahashes per second (EH/s), according to Ycharts data. That’s an all-time high mark. This simply means the network is stronger than ever as every second, mining machines around the world tasked with keeping the Bitcoin network running are making 742 quintillion hash computations. This time last year,...