
Crypto industry is ‘cooked’ when it comes to dealing with hacks, money laundering – ZachXBT
ZachXBT shows hopelessness regarding security measures and incident response by centralized and decentralized services.
Follow crypto hack news, exploits, bridge attacks, protocol breaches, and security lessons from major incidents across Web3.

The exchange rebutted a Bloomberg report about being investigated by European regulators and aiding the launder of $100 million worth of funds stolen from Bybit.

Blockchain detective ZachXBT questioned Larsen's decision to withhold the cause of the hack, which resulted in 213 million XRP stolen.

In wake of attack, 1inch encourages updates and offers bug bounty to protect ecosystem integrity.

The developer's macOS was infected, allowing unauthorized access to Safe's AWS repository.

THORChain faces criticism as its high-volume transactions linked to aiding in the laundering of Bybit's stolen funds.

A core contributor known as TCB warned that Thorchain could face a crisis if the network is framed as a money laundering facilitator.