Yearn Finance’s yETH Pool Gutted in $3M Hack: DeFi’s Security Nightmare Continues Yearn Finance, a heavyweight in the decentralized finance (DeFi) arena, has been hit hard by a sophisticated exploit targeting its yETH product. In a single, devastating transaction on Monday, attackers drained the entire yETH pool, making off with 1,000 ETH—valued at roughly $3 […]
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Washington’s Crypto Crackdown Heats Up: Political Bombshells and Legal Fights Take Over Washington is dropping the hammer on the crypto industry this week with a barrage of regulatory moves, political fireworks, and courtroom clashes that could redefine the future of digital assets. Is this the long-overdue cleanup of a chaotic space, or a heavy-handed attempt […]
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Tornado Cash Founder Sounds Alarm on DOJ’s DeFi Crackdown Roman Storm, the founder of Tornado Cash, has issued a stark warning to open-source developers: the U.S. Department of Justice (DOJ) is coming for creators of non-custodial financial tools with the threat of retroactive legal consequences. As Storm battles for his freedom in a Manhattan courtroom, […]
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DOJ Draws the Line: Writing DeFi Code Isn’t a Crime—Unless You’re a Crook The U.S. Department of Justice (DOJ) has dropped a bombshell for the decentralized finance (DeFi) world: developers writing code for DeFi platforms won’t face prosecution unless there’s hard evidence of criminal intent. Announced at a digital assets summit in Wyoming, this policy […]
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Lazarus Group Unleashes Chaos: $23M Lykke Hack Exposes Crypto’s Weak Underbelly A chilling wake-up call struck the crypto world when Lykke, a Swiss-founded exchange with significant UK operations, lost $23 million to a brazen hack in June 2024, now confirmed as the largest heist of its kind on British soil. Orchestrated by North Korea’s notorious […]
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Ethereum Foundation Donates $500K to Tornado Cash Developer Roman Storm’s Legal Defense The Ethereum Foundation has thrown its weight behind Tornado Cash developer Roman Storm, pledging $500,000 to his legal defense fund after a controversial federal conviction that could see him imprisoned for up to five years. This high-profile case, centered on a privacy protocol […]
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Trump’s Crypto Gambit: Bitcoin in 401(k)s and a War on Debanking Donald Trump is swinging a double-edged sword at the cryptocurrency world: one edge carves a path for mainstream adoption with bold executive orders, while the other slashes at industry foes like discriminatory banks and overzealous regulators. On August 7, he dropped two game-changing directives […]
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Mixed Verdict for Tornado Cash Co-Founder Roman Storm: Guilty on One, Hung on Others in Regulatory Showdown A high-stakes legal battle in Manhattan federal court has delivered a split decision for Roman Storm, co-founder of Tornado Cash, the Ethereum-based cryptocurrency mixing service. After four grueling days of deliberation, a US jury convicted Storm of conspiracy […]
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SEC Commissioner Peirce Takes a Stand: Crypto Privacy and Developers Under Siege SEC Commissioner Hester Peirce has fired a bold shot across the bow of U.S. regulators, demanding protection for crypto privacy rights and open-source developers who are increasingly caught in the crosshairs of legal overreach. Speaking at the Science of Blockchain Conference, Peirce made […]
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Tornado Cash Trial Verdict Looms: Roman Storm’s Fight for Privacy or a Haven for Crime? The federal trial of Tornado Cash co-founder Roman Storm has reached its decisive phase in the Southern District of New York, with closing arguments completed and a verdict anticipated in early August 2025. Far beyond a personal legal battle, this […]
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