SBI Crypto Breach: $21 Million Laundered Through Tornado Cash
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
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.
