Web3 Diaries-North Korean Hackers Have Stolen $200 mn So Far This Year
According to a research published on Friday by blockchain intelligence company TRM Labs, hackers connected to North Korea have stolen more than $200 million in cryptocurrencies in 2023, accounting for more than 20% of all crypto that was taken in that year. The haul is a portion of the $2 billion in cybercrime proceeds during the previous five years.
According to TRM Labs, last year was the most prosperous year for hackers to date, with over $800 million in bitcoin stolen, even though it appears to be another lucrative year for cybercriminals. This was accomplished by attacking cross-chain bridges using DeFi protocols in three significant assaults, including the $625 million that was taken from the Ronin Bridge in March of that year.
Tornado Cash Sanctions Affirmed By Federal Court
In response to a legal appeal from Tornado Cash users, a federal judge supported the Treasury Department’s right to penalize the cryptocurrency mixer Tornado Cash.
The Office of Foreign Assets Control (OFAC) of the Treasury is authorized to mention Tornado Cash in accordance with sanctions laws, according to U.S. District Judge Robert Pitman, who concurred with the government on all of its allegations and awarded summary judgment in the case.
Coinbase Daily Trading Activity Hits $280 Mn; Set To Overtake Binance!
Coinbase’s offshore derivatives exchange witnessed a massive increase in daily trading activity, with volumes approaching $300 million per day.
As per The Block’s data dashboard, Coinbase International, which facilitates trading in perpetual futures contracts, has consistently surpassed $100 million in daily volumes since August 14.
On August 18, the platform’s volumes reached an impressive $287 million.
Launched in May, Coinbase International is part of Coinbase’s strategic initiative to expand globally.
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