On-chain data suggests the fallen founder of FTX Sam Bankman-Fried (SBF) moved Ethereum (ETH) worth $684,000 to RenBridge and Seychelles-based exchanges over the past 2 days. In a Twitter thread, on-...
Tag: RenBridge
Report Shows Hackers Launder $540M Through Crypto RenBridge Platform
Decentralization is a unique feature for cryptocurrency that removes the interference of third parties in crypto-asset transactions. While it could be an advantage in most cases for investors and othe...
Renbridge Used by Cybercriminals to Launder $540M by Chain Hopping
No traces or halt—being a blockchain specialty led to another significant transgression by the crypto masterminds. With cryptocurrency on the rise, Cybercriminals target the crypto market by using cha...
Report: $540 Million Laundered by Crypto Criminals Through RenBridge
– Advertisement – A new report shows that over half a billion dollars were laundered by crypto criminals through a service called RenBridge. According to a recent study conducted by Elli...
Criminals Laundered $540M Through RenBridge: Report
Key Takeaways According to blockchain analytics firm Elliptic, the cross-chain bridge RenBridge has been used to launder over $540 million over the past two years. Elliptic’s vice president of p...