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#Cross-chain laundering

2 Stories Found
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Mercado Bitcoin Assures Users Funds Are Safe Following $38M Breach
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Mercado Bitcoin Assures Users Funds Are Safe Following $38M Breach

Key Highlights: Blockchain security firm Hypernative revealed that over $40 million drained from Mercado Bitcoin across at least 10 blockchains in seemingly authorized transfers. On-chain investigator ZachXBT uncovered an ongoing, separate theft targeting an unnamed European Union entity, pushing total estimated losses past $133 million. The European exploitation involved complex cross-chain laundering and Monero conversions, ...

Altcoin Refuses to Freeze Assets Stolen from Bitget
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Altcoin Refuses to Freeze Assets Stolen from Bitget

Key Highlights: Attackers from the Bitget security incident are moving stolen funds across chains using THORChain, according to SlowMist’s MistTrack platform. Bitget CEO Gracy Chen formally requested THORChain reject transactions from identified attacker addresses, arguing decentralization should not shield illicit fund flows. THORChain responded that its permissionless design mirrors Bitcoin and Ethereum, questioning how much ...