SBI Crypto Breach: $21 Million Laundered Through Tornado Cash

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 02 2025

SBI Crypto Theft: SBI Crypto, a subsidiary of Japan's SBI Group, suffered a $21 million theft linked to the Lazarus Group, with funds laundered through Tornado Cash, raising concerns about security in crypto exchanges.
Regulatory Implications: The incident has sparked discussions on the need for enhanced risk management and compliance measures in the crypto sector, potentially leading to stricter regulations regarding mixing services used in laundering operations.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

SBI Crypto Breach: $21 Million Laundered Through Tornado Cash

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Ormat Technologies (ORA) Signs 20-Year Power Purchase Agreement with Switch, Boosting Shares to Near Five-Year Highs

Bakkt (BKKT) Acquires DTR, Issuing 9.1 Million Shares to Advance Stablecoin Strategy

People Also Watch