Partner with us

News Explorer — The Hacker Behind the Poloniex Theft Sent $3.3 Million Worth of Ethereum to Tornado Cash, a Sanctioned Coin Mixer

Generated by AI, curated by humans

May 7, 5:51 am

Coindesk

The Hacker Behind the Poloniex Theft Sent $3.3 Million Worth of Ethereum to Tornado Cash, a Sanctioned Coin Mixer

Blockchain data reveals that the hacker responsible for stealing $125 million from Poloniex's hot wallets in November has sent 1,100 ether (ETH) to the sanctioned coin mixer Tornado Cash. The ether, valued at approximately $3.3 million, was sent in batches of 100 ETH to Tornado Cash after being dormant for 178 days. The hacker also transferred 501 bitcoin (BTC) worth $32 million to an unlabelled wallet, holding a total of $181 million worth of crypto across different blockchains.

Blockchain data reveals that the hacker responsible for stealing $125 million from Poloniex's hot wallets in November has sent 1,100 ether (ETH) to the sanctioned coin mixer Tornado Cash. The ether, valued at approximately $3.3 million, was sent in batches of 100 ETH to Tornado Cash after being dormant for 178 days. The hacker also transferred 501 bitcoin (BTC) worth $32 million to an unlabelled wallet, holding a total of $181 million worth of crypto across different blockchains.

Latest

Apr 2, 4:47 am

Decrypt

Sony Store Online in Singapore Now Accepts USDC Payments Through Crypto.com

Sony Electronics Singapore now accepts USDC payments through Crypto.com for online purchases, marking its first foray in... Read Summary

Apr 2, 3:57 am

Decrypt

Republican Victories Secured in Florida's Special Elections Backed by Crypto Super PAC

Republican candidates Jimmy Patronis and Randy Fine won Florida's special congressional elections, backed by crypto indu... Read Summary

Apr 2, 2:25 am

Decrypt

Bybit Is Shutting Down Its NFT Marketplace

Bybit is discontinuing its NFT marketplace, following a hack and in line with other crypto firms exiting the digital ass... Read Summary

Apr 2, 1:14 am

Decrypt

SEC and Gemini Trust Seek 60-day Pause to Explore Potential Resolution in Legal Battle

A joint motion was filed by the SEC and Gemini Trust in Manhattan federal court, requesting a 60-day pause in their lega... Read Summary

Apr 2, 12:41 am

Decrypt

Eric Trump, Hut 8 to Establish American Bitcoin Corp for a Major US Mining Venture

Eric Trump is partnering with Hut 8 to launch American Bitcoin Corp, aiming to create one of the largest mining operatio... Read Summary

Apr 2, 12:01 am

Decrypt

Bitcoin Miners Shed $6 Billion in Market Cap Collectively in Worth Month Ever: JP Morgan

According to JP Morgan, Bitcoin miners faced challenges in March, with a collective 25% drop in market cap, totaling aro... Read Summary

Apr 1, 11:04 pm

Decrypt

Coinbase Receives 50% Circle's USDC Reserve Income Based on Holdings on Its Exchange, New Filing Shows

Circle's IPO filing reveals that Coinbase Global receives 50% of the residual revenue generated from reserves backing it... Read Summary

Apr 1, 9:54 pm

Decrypt

Bitcoin and Altcoins Surge as Investors Cautiously Await the Impact of Trump's Tariffs

Bitcoin and major altcoins saw a rise in prices due to optimism surrounding potential tariffs imposed by President Trump... Read Summary

Apr 1, 9:06 pm

Decrypt

GameStop Now Has Nearly $1.5 Billion to Fuel Bitcoin Reserve Plans

GameStop has completed a $1.5 billion offering of convertible senior notes to investors, intending to use the proceeds t... Read Summary

Apr 1, 8:44 pm

Decrypt

Stablecoin Giant Circle Files for IPO

An S-1 has been filed by Circle Internet Group, the issuer of USDC stablecoin, for an initial public offering. The company intends to list its stock as CRCL on the NYSE. Read Summary

Apr 1, 8:24 pm

Decrypt

Blockchain Association CEO Kristin Smith Leaving for Solana Policy Institute

Kristin Smith, CEO of the Blockchain Association, will resign next month to become president of Solana's Policy Institut... Read Summary

Apr 1, 8:14 pm

DL News

Binance Exec Tigran Gambaryan Says He Was Near Death in Nigerian Prison

Tigran Gambaryan, a former federal agent and head of Binance's financial crimes unit, spent eight months in a Nigerian p... Read Summary

Apr 1, 7:20 pm

Decrypt

Dogwifhat to Refund Backers After Solana Meme Coin Team Drops Sphere Plans

The Dogwifhat campaign to advertise on the Las Vegas Sphere has been abandoned after raising nearly $700,000 in crypto.... Read Summary

Apr 1, 5:28 pm

Decrypt

House Bill Won't Allow for Interest-Bearing Stablecoins, Says Lawmaker

The debate over whether U.S.-regulated stablecoins should be allowed to offer interest to holders is intensifying as leg... Read Summary

Apr 1, 4:18 pm

Blockworks

BIP-42 by Pieter Wuille Prevented Bitcoin's Block Reward From Resetting to 50 BTC

BIP-42, submitted by Bitcoin Core contributor Pieter Wuille, corrected a potential supply crisis in the year 2265 caused... Read Summary