KyberSwap Hacker Moves Another 2,000 ETH to Tornado Cash
- Ongoing Laundering: According to blockchain security firm PeckShield, the KyberSwap hacker has laundered a total of 16,100 ETH, valued at approximately $40 million, over the past two years through Tornado Cash, highlighting the persistent threat of laundering activities to digital asset security.
- Hacker Identity Revealed: Security researchers have linked the laundering activities to Andean Medjedovic, who was indicted by U.S. authorities for exploiting KyberSwap in December 2023, facing charges including wire fraud and money laundering.
- Challenges of Mixing Protocols: Tornado Cash, a decentralized crypto mixing protocol sanctioned by the U.S. Treasury in 2022, continues to be used by the hacker to obscure transaction trails, complicating law enforcement's efforts to trace stolen cryptocurrency.
- Impact on DeFi Security: The KyberSwap case underscores the security risks within decentralized finance (DeFi), as even after a hack is publicly identified, stolen funds can remain in motion for years, raising concerns about the effectiveness of sanctions on mixing services.
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Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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