US senators challenge DOJ’s broad definition of crypto money transmitters

cryptoslate.com Two US lawmakers have opposed the Department of Justice’s (DOJ) attempt to expand the definition of a money-transmitting business. In a May 9 letter to US Attorney General…

Hacker Moves 800 Ethereum (ETH) to Tornado Cash

beincrypto.com The Kronos Research hacker has resurfaced the internet after moving 800 Ethereum (ETH), approximately $2.4 million, to Tornado Cash. This action comes at a tense time for…

P2P Trading Platform LocalMonero Bids Farewell Amid Regulatory Heat

beincrypto.com LocalMonero, the largest Monero (XMR) peer-to-peer (P2P) trading platform, announced its closure on May 7. This also marked the end of its nearly seven-year run in the…

Poloniex and Kronos Research Hackers Siphon Off Over $7.3 Million Through Tornado Cash

beincrypto.com Hackers linked to the thefts at Poloniex and Kronos Research have reportedly moved more than $7.3 million into the controversial crypto mixer Tornado Cash. This highlights…

Hundred Finance Hacker Transfers Stolen Funds After A Year Of Inactivity

cryptonews.com The Hundred Finance hacker, responsible for the $7.4 million crypto theft, resurfaced on May 1 after a year of inactivity and started moving crypto assets from Curve’s…

Top News That Will Impact the Crypto Market in May 2024

beincrypto.com May 2024 is poised to be a pivotal month for the crypto market, influenced by several critical events that could shape its trajectory. From key economic indicators to…

DOJ Opposes Tornado Cash Developer’s Motion To Dismiss, Says Defendant Exercising Misdirection

dailyhodl.com The U.S. Department of Justice (DOJ) is pushing back against a Tornado Cash founder’s efforts to have his charges dismissed. Tornado Cash is an Ethereum (ETH)-based coin…