Tornado Cash
Hackers drain $3.9M from Unleash Protocol after multisig hijack
The decentralized intellectual property platform Unleash Protocol has lost around $3.9 million worth of cryptocurrency after someone executed an unauthorized contract upgrade that allowed asset withdrawals. According to the team behind the blockchain project, the attacker obtained enough signing power to act as an administrator of Unleash’s multisig governance system. “Our initial investigation indicates that an […]
US removes sanctions against Tornado Cash crypto mixer
The U.S. Department of Treasury announced today that it has removed sanctions against Tornado Cash, a cryptocurrency mixer used by North Korean Lazarus hackers to launder hundreds of millions stolen in multiple crypto heists. The Department’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash in August 2022 for helping launder over $7 billion since its creation in […]