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Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic

The blockchain forensics firm said cross-chain bridges provide an "unregulated alternative" to exchanges for transferring value between blockchains.

Coin Telegraph - 11th Aug 02:08 - Elliptic, RenBridge, Financial Action Task Force, Defi Sector, Cross-chain Bridges, Blockchain Bridges, Blockchain, Exchanges, Blockchains, Bridge, Value, Bridges, Chain, The, Firm, The Blockchain, Cross Chain, Proceeds

Elliptic Rolls Out Crypto-Bridge Screening Tool to Track Illicit Funds

Elliptic’s new screening product will better track cross-chain activity, helping crypto firms stay compliant.

Decrypto - 10th Aug 13:08 - Funds, Bridge, Chain, Firms, Activity, Crypto Firms, Product, Tool, Track, Cross Chain, CRYPTO FIRMS, Elliptic

Curve Finance exploit: Experts dissect what went wrong

Attackers that hijacked Curve Finance's landing page moved quickly to convert stolen funds to various tokens through different exchanges, wallets and mixers. Decentralized finance (DeFi) protocols continue to be targeted by hackers, with Curve Finance becoming the latest platform to be compromised after a DNS hijacking incident.The automated market maker warned users not to use the front end of its website on Aug.

Coin Telegraph - 10th Aug 13:08 - Blockchain Analysis, Elliptic, Curve Finance, Exploit., Exchanges, Curve, Maker, Funds, Us, Market, Decentralized Finance (Defi), Automated Market Maker, The, Exploit, DECENTRALIZED FINANCE, Experts, Market Maker, Users, Stolen, Platform, Protocols, Use, Of, Website, DECENTRALIZED FINANCE (DEFI), Compromised, Moved