TrustedVolumes Hacker Launders $278K Through Mixers and Cross-Chain Swaps
- Hacker Laundering Techniques: According to PeckShield's on-chain analysis, the hacker successfully laundered approximately $278,000 through Tornado Cash and THORChain, with 10.2 ETH deposited into Tornado Cash and 110 ETH swapped for Bitcoin, demonstrating the ability to evade tracking using decentralized tools.
- Security Breach Background: TrustedVolumes suffered a major security breach last year, resulting in a theft of $6.7 million, where the hacker exploited vulnerabilities in the smart contract code to drain funds from liquidity pools, highlighting security challenges in the decentralized finance sector.
- Regulatory Challenges: The use of Tornado Cash and THORChain underscores ongoing challenges for regulators and blockchain forensic teams; despite Tornado Cash being sanctioned by the U.S. Treasury, its decentralized nature keeps it operational, complicating tracking efforts.
- Industry Implications: This incident serves as a typical example of how hackers utilize decentralized tools for laundering, reminding the crypto community and law enforcement of the need for enhanced on-chain surveillance and regulatory frameworks to combat increasingly sophisticated cyber threats.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH 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, ETH 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 $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2077.619 | 2166.944 | 2245.089 | 2334.414 | 2412.559 | 2501.884 | 2580.029 |
| Fibonacci | 2166.944 | 2230.918 | 2270.441 | 2334.414 | 2398.388 | 2437.911 | 2501.884 |
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