CRYPTOCURRENCY

Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

Popular
Bitcoin Ethereum XRP Bitcoin Cash Hashgraph Bitcoin SV EOS Cardano Chainlink VeChain Litecoin Cosmos IOTA Algorand SUSHI Polkadot

cryptocurrency

FTX's $477 Million Heist: A Trail of Blockchain Clues Unearthed

The FTX hack in November 2022 saw $477 million vanish, with the elusive thief later laundering assets through decentralized exchanges and cross-chain bridges like RenBridge and THORSwap. As the trial of FTX's CEO Sam Bankman-Fried commences, the thief, still unidentified, resumed moving the stolen assets, converting Ether to Bitcoin. Blockchain analytics firm Elliptic sheds light on this crypto mystery, unraveling the blockchain trail and revealing the thief's laundering tactics.

by Rebeca Moen
Oct 13, 2023

CRYPTOCURRENCY

FTX's $477 Million Heist: A Trail of Blockchain Clues Unearthed

Trending topics