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Crypto Bandit Launders $42.5M in Bitcoin Through Thorchain—DEXs Play Unwitting Money Mule
Crypto Bandit Launders $42.5M in Bitcoin Through Thorchain—DEXs Play Unwitting Money Mule
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Another day, another nine-figure crypto heist slips through the cracks. This time? A Coinbase attacker just shuffled $42.5M in BTC through Thorchain’s cross-chain magic—no KYC, no fuss, just decentralized anonymity at work.
How it went down: The hacker dumped BTC into Thorchain’s liquidity pools, emerging with freshly laundered assets. The protocol’s non-custodial design—touted as a feature—became the ultimate getaway car.
Finance jab of the day: Meanwhile, traditional banks still freeze accounts over $10k transfers. Priorities, right?
Closing thought: As regulators scramble, one truth remains—blockchain doesn’t judge. Whether you’re moving donations or dirty money, the code executes all the same.
After stealing over $300 million from Coinbase users, Hacker takes a bold Step by Swapping $42.5M in Bitcoin The hacker behind one of Read More
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