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Hackers laundered $49m Ethereum in one week using Tornado cash – Report
Hackers laundered $49m Ethereum in one week using Tornado cash – Report
Four Hackers behind the latest hacking schemes have collectively laundered $49.3 million worth of Ethereum in the first week of September using crypto mixer Tornado Cash.
These four hackers responsible for exploiting crypto exchange Wazir X, DeFi protocols Penpie and LiFi, and crypto entrepreneur Bo Shen moved the stolen Ethereum assets through much criticized Crypto mixer Tornado Cash.
Spot on chain data revealed that this activity by the hackers took place between September 1 and September and it involves the funneling of 20,561 ETH worth $49.3 million through the banned Tornado cash.
The Onchain activity of these hackers affected the price of Ethereum causing it to drop below $2,200 and casting a shadow on the long-term potential of the crypto asset. Ethereum however has other problems besides the sell pressure created by the hackers.
The Hackers Onchain Activity
The four hackers in question despite all moving Ethereum employed different strategies in their dealings.
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The Penpie hacker laundered all his or her stolen assets at once moving 11,261.2 ETH, worth $26.72 million, through crypto mixer Tornado Cash. The employment of Tornado Cash by this hacker removed all doubts that the hacker was a White hat hacker.
The Penpie team has offered a 10% bounty offer to anyone who can help retrieve the stolen funds.
The Penpie hacker was praised and encouraged by an address that stole $193 million from Euler Finance in March 2023 but returned the stolen funds. The address urged the Penpie hacker not to return the stolen funds as he did in 2023.
The Wazir X hacker on the other hand is applying a slow and steady approach in his laundering of the stolen assets. The Wazir X hacker has not laundered all his stolen assets partly because of the size of the assets. The hacker stole $230 million worth of ERC 20 tokens from the exchange which happens to be India’s biggest exchange.
Selling Pressure by Hackers Pushes Down Ethereum Price
Ethereum has become the 18th worst-performing asset over the last 30 days following sell pressure caused by hacker’s on-chain activity. The crypto asset has declined by 13% over the first week of September which coincides with the hackers laundering $49.3 million worth of Ethereum over the same time frame.
Hackers laundered $49m Ethereum in one week using Tornado cash – Report
metro
NAFDAC alerts Nigerians to fake Dettol soap
NAFDAC alerts Nigerians to fake Dettol soap
The National Agency for Food and Drugs Administration and Control has alerted Nigeria to the sale of a fake soap labelled as “Dettol Health Fresh Soap” in the market.
According to the alert on NAFDAC’s website on Thursday, the manufacturer of Dettol Antiseptic products confirmed that the soap is fake as it does not have any product by the name “Dettol Health Fresh Soap.”
“The Marketing Authorisation Holder and manufacturer (Reckitt Benckiser Nigeria Limited) of Dettol Antiseptic products, received a consumer complaint regarding the above-mentioned product. The product was reported to have caused skin irritation to the complainant.
“The MAH has confirmed that the product is fake as they do not have any product by the name “Dettol Health Fresh Soap”. Dettol Antiseptic products are widely used in Nigeria for household disinfection and personal hygiene to prevent illnesses from germs (bacterial infection),” it said.
It added that details of the complaint product were not provided by the complainant except for the name of the product “Dettol Health Fresh Soap.”
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- Two people remanded for allegedly unleashing dogs on police
The agency noted that the illegal marketing of NAFDAC-regulated products or fake products poses a risk to people’s health, and since they do not comply with the regulatory provisions, the products’ safety, quality, and efficacy are not guaranteed.
It said all NAFDAC zonal directors and state coordinators have been directed to carry out surveillance and mop up the fake product if found within the zones and states.
“Importers, distributors, retailers, healthcare professionals, caregivers, and consumers are advised to exercise caution and vigilance within the supply chain to avoid the importation, distribution, sale, and use of the fake product. All medical products must be obtained from authorised/licensed suppliers. The products’ authenticity and physical condition should be carefully checked.
“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified medicines or medical products to the nearest NAFDAC office, NAFDAC on 0800-162-3322 or via email: sf.alert@nafdac.gov.ng.
“Similarly, healthcare professionals and patients are also encouraged to report adverse events or side effects related to the use of medicinal products or devices to the nearest NAFDAC office, or through the use of the E-reporting platforms available on the NAFDAC website www.nafdac.gov.ng or via the Med- safety application available for download on android and IOS stores or via e-mail on pharmacovigilance@nafdac.gov.ng.”
NAFDAC alerts Nigerians to fake Dettol soap
metro
JUST IN: Lagos shuts Idera market over dirty condition
JUST IN: Lagos shuts Idera market over dirty condition
The Lagos state government has shut down the Idera Market in the Oshodi-Isolo Local Council Development Area over unsanitary conditions.
Corps Marshal of the Lagos Environmental Sanitation Corps, popularly known as KAI, Maj. Olaniyi Olatunbosun (rtd), said ‘the market stinks’.
He said: “We shut Idera market because it stinks. They had probably not cleared the drainages for over one year and everywhere was smelly. So we shut the market based on the commissioner’s directive. And when they are ready to do the proper thing, the market will be reopened. It might take days or weeks, but it has to be clean.
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“Though they complained of ineffective PSP operators in clearing their waste, we found out that they most likely don’t even patronise the PSP operators. Besides, Idera is not the only market in the Oshodi area so let them do the right thing by cleaning their space and the market will be reopened.”
JUST IN: Lagos shuts Idera market over dirty condition
metro
Two people remanded for allegedly unleashing dogs on police
Two people remanded for allegedly unleashing dogs on police
An Iyaganku Chief Magistrates’ Court in Ibadan has ordered the remand of Olayinka Akinware, 35, and Tunji Adesina, 29, for allegedly using four dogs to prevent police officers from arresting a suspect.
The court, presided over by Magistrate M. Mudashiru, did not take the plea of the defendants due to lack of jurisdiction and directed that they be remanded in Abolongo Correctional Facility pending legal advice from the Directorate of Public Prosecution (DPP).
The case has been adjourned until December 18 for further mention.
According to the Prosecution Counsel, Inspector Femi Oluwadare, Akinware and Adesina are facing charges of conspiracy and prevention of arrest. The incident occurred on September 12 at around 8:30 a.m. at their residence in Oluwo, Ibadan.
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The suspects allegedly assaulted four police officers, DSP Festus Fagbohun, ASP Ojo Tolulope, Inspector Sariki Mohammed, and Corporal Tosin Olubode, with bamboo tree branches while unleashing their Pitbull, Rottweiler, and two Eskimo dogs to prevent the lawful arrest of a suspect, Korede Adeoye, who was staying at their house.
The prosecution stated that the offenses are in violation of Sections 332 and 516 of the Criminal Code Laws of Oyo State, which prescribe life imprisonment for the offender if found guilty.
This case has drawn significant attention due to the unusual circumstances surrounding the use of dogs in obstructing law enforcement.
Two people remanded for allegedly unleashing dogs on police
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