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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
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‘We’re not hiring,’ NNPC denies viral recruitment adverts

‘We’re not hiring,’ NNPC denies viral recruitment adverts
The Nigerian National Petroleum Company, (NNPC) Limited has warned the public to beware of fraudulent recruitment advertisements circulating online, stating that it is not conducting any hiring process at the moment.
In a statement issued on its official X handle on Friday, the state-owned oil company cautioned job seekers against falling victim to fake recruitment schemes, emphasizing that all legitimate job openings would only be announced through its official channels.
“The general public is hereby informed that NNPC Limited is not recruiting.
“Official recruitment announcements will only be made through our website and verified social media platforms,” the statement read.
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The company reiterated that its recruitment process is “transparent, merit-based, and requires no external assistance.”
The company urged Nigerians to disregard any unofficial job advertisements that claim to be from NNPC Ltd., as they could be attempts to defraud unsuspecting applicants.
The management further assured the public that it remains committed to upholding the integrity of its hiring process and would notify Nigerians whenever recruitment officially commences.
“We advise the public to always verify information directly from our official platforms to avoid being misled by scammers,” the company stated.
The company urged individuals to report any suspicious recruitment advertisements falsely linked to NNPC Ltd. to the appropriate authorities.
‘We’re not hiring,’ NNPC denies viral recruitment adverts
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Communal Clash: Gov Adeleke imposes new curfew on Ifon, Ilobu communities

Communal Clash: Gov Adeleke imposes new curfew on Ifon, Ilobu communities
In response to the resurgence of hostilities between Ifon and Ilobu communities, Osun State Governor Ademola Adeleke has imposed curfew on Ifon and Ilobu communities in Orolu and Irepodun Local Government Areas, respectively.
Kolapo Alimi, the Commissioner for Information and Public Enlightenment, announced the new directive in a statement issued in Osogbo on Friday, emphasizing the government’s determination to prevent further escalation of the crisis.
“Following a resurgence of the crisis between Ifon and Ilobu communities, Gov. Ademola Adeleke, in a move to curb its further spread, has announced a new curfew time frame from 6:00 p.m. to 6:00 a.m. daily, until lasting peace is restored,” he said.
Expressing deep concern over the renewed violence, the governor condemned the fresh outbreak of communal clashes.
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“Gov. Ademola expressed unhappiness and dissatisfaction with the breakout of fresh communal crises in Ilobu and Ifon.
“To this end, the governor has directed that the initial 10:00 p.m. to 4:00 a.m. curfew on the communities now be extended to 6:00 p.m. to 6:00 a.m., effective today, Friday, March 21, until further notice,” Alimi stated.
The commissioner further revealed that a joint security team, comprising the Nigerian Army, Police, and Civil Defence, had been instructed to sustain 24-hour surveillance in the affected areas to uphold law and order.
“In addition, the governor directed that an immediate stakeholders’ meeting, including the Olufon of Ifon, the Olobu of Ilobu, and other stakeholders from both communities, be held tomorrow, Saturday, to discuss further resolutions of the conflict,” he added.
Governor Adeleke called on residents, traditional rulers, and all stakeholders to embrace peace.
Communal Clash: Gov Adeleke imposes new curfew on Ifon, Ilobu communities
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BREAKING: IGP redeploys 38 police commissioners

BREAKING: IGP redeploys 38 police commissioners
The Inspector-General of Police (IGP), Kayode Adeolu Inspector-General of Police Kayode Egbetokun, has ordered the immediate posting of 38 Commissioners of Police to various State Commands and Police Formations.
The deployment comprises 9 commissioners of police to key state commands and an additional 29 CPs to various police formations across the country.
A statement signed by Force Public Relations Officer, Olumuyiwa Adejobi, on Friday, said the commissioners of Police deployed to state commands include CP Ibrahim Balarabe Maikaba to Zamfara State, CP Bretet Emmanuel Simon to Taraba State, CP Christopher Ado Emmanuel to Yobe State, CP Olusegun Eyitayo Omosayin to Cross-River State, CP Adamu Abdullahi Elleman to Niger State, CP Sani Omolori Aliyu to Bauchi State, CP Bello Shehu to Katsina State, CP Saka Adewale Ajao as Commissioner of Police, Federal Capital Territory (FCT), and CP Ojo Adekimi to Kwara State.
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“In addition to these State Command appointments, the deployment also includes the posting of 29 CPs to various police formations as part of a broader effort to address rising security challenges and ensure effective policing that is responsive to community needs. Each CP will be tasked with implementing tailored strategies that reflect the unique requirements of their respective formations, ensuring that policing is both proactive and effective.
“The IGP charges the newly deployed CPs to prioritize their responsibilities in curbing insecurity and misconduct, reinforcing the commitment of the Nigeria Police Force to uphold law and order through robust intelligence-led policing. This deployment reflects the dedication of the new Police leadership to ensure that the Nigeria Police Force is well-equipped to address the challenges of maintaining peace and security in the country,” the statement said.
BREAKING: IGP redeploys 38 police commissioners
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