US Department of Justice Seizes Hamas Cryptocurrency Meant for Financing Terrorism

The US Department of Justice has confiscated $201,000 of cryptocurrency linked to Hamas terrorist financing. This seizure marks a significant milestone in the government’s efforts to crack down on illicit activities using digital assets. The funds were believed to be used to support terrorist activities and were traced back to a known Hamas-affiliated cryptocurrency exchange. [...]

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Cross-chain exchange Fixed Float seizes 112 ETH ($200,000) stolen from Curve

Cross-chain exchange Fixed Float has frozen 112 ether ($200,000) stolen in a front-end attack on the decentralized exchange Curve Finance.

Curve Finance’s front end was compromised on Tuesday through a Domain Name Service (DNS) attack. The attackers had redirected users asking them to approve a malicious contract.

The DNS attack resulted in a loss of stablecoins worth $612,000, which according to security firm CertiK were swapped to ether (ETH).

After swapping the stablecoins to ether, the attackers then tried transferring the ETH tokens to the Fixed Float exchange where the funds were seized.

Fixed Float is a decentralized Lightning Network-based exchange that allows users to swap between ether and bitcoin and it is believed the attacker wanted to launder the ether for bitcoin.

After freezing the funds, Fixed Float commented on Twitter saying:

“Our security department has frozen part of the funds in the amount of 112 ETH.”

The Curve Finance hack was unique in that the attackers avoided funneling all the stolen funds through Tornado Cash, a popular mixer on Ethereum that hackers use to obfuscate transfers of stolen tokens. Only a small amount was sent to Tornado Cash.

In recent days, Tornado Cash has been in the limelight after it was sanctioned by the US treasury.

According to Ryan Wegner, a lead security engineer at Polygon, the attacker transferred 242 ETH to Fixed Float, about 26 ETH to Tornado Cash, and 23 ETH to SideShift, a none-KYC crypto exchange.

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Indian Government Seizes $190 Million in Cryptocurrency Linked to BitConnect Ponzi Scheme

Indian authorities have made a significant move in the world of cryptocurrency by seizing $190 million in crypto assets linked to the infamous Bitconnect scheme. The enforcement agency responsible for the operation, the Directorate of Enforcement (ED), stated that this marks one of the largest cryptocurrency seizures in the country’s history. The ED carried out [...]

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US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown

The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto Seized by DOJ The [...]

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