Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

In the rapidly evolving world of cryptocurrency, the security of exchanges remains a paramount concern Recently, the Bahrain-based Rain Exchange fell victim to a sophisticated hack in April 2024, leading to a significant loss of funds In a calculated move, the hacker has started to launder the stolen ethereum through Tornado Cash, a move identified by the blockchain security firm PeckShield Laundering Stolen ethereum Through Tornado Cash The implications of this act extend far beyond the immediate financial loss The hacker's decision to use Tornado Cash for laundering the stolen ethereum underscores the persistent challenge of tracing and recovering illicit funds once they have been skillfully obscured...

In the ever-evolving world of cryptocurrency, the recent movements of substantial sums of ethereum (ETH) by entities associated with the infamous Plus token have ignited a flurry of discussions and analyses In particular, surveillance from Lookonchain highlighted a significant transaction involving nearly $2 billion worth of ETH However, upon further investigation, it was clarified that the majority of these funds had already found their way into the market back in 2021 ethereum's Market Dynamics and Plus token's Recent Activity The digital currency ecosystem is highly sensitive to significant movements of funds, especially when they are associated with entities with a notorious past, such as Plus token The revelation from Lookonchain about the movement of nearly $2 billion in ETH by Plus token piqued the interest of many within the cryptocurrency community...