
Crypto Hack Decline in Q1 2023: Temporary Relief or Calm before Storm
Despite a decline in crypto hacks in Q1 2023, the article warns that it is likely a temporary break before a potential surge in attacks.
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Despite a decline in crypto hacks in Q1 2023, the article warns that it is likely a temporary break before a potential surge in attacks.
According to the case filed on April 5 in a Texas District Court, the plaintiffs, with support from Coinbase, want the OFAC to settle the first two counts from its original complaint, which was filed last September.
The Dutch court argues that Pertsev ran Tornado Cash as a business instead of just publishing the open-source code.
Harmony’s Horizon Bridge facilitates transfer between Harmony and the Ethereum network, Binance Chain and Bitcoin. The Lazarus hacking group exploited a system weakness on the multichain network, thus siphoning about $100 million.
In the most recent report, Chainalysis research suggested that the illegal use of Tornado Cash was essentially associated with crypto hacks and scams, with an approximate average of thirty-four percent of all inflows.