$6.7M DeFi Exploit: TrustedVolumes Hacker Actively Converting Stolen ETH to Bitcoin
Blockchain intelligence firm PeckShield reports that the TrustedVolumes attacker has begun systematically laundering the $6.7 million in stolen cryptocurrency through privacy mixers and cross-chain bridges. The threat actor has successfully converted $278,000 in compromised assets, including moving Ethereum through Tornado Cash and converting 110 ETH to Bitcoin via THORChain. Security auditors identified a critical flaw in TrustedVolumes’ custom RFQ protocol where three simultaneous security guarantees failed, allowing the attacker to drain millions in a single transaction.
Critical Bitcoin Network Vulnerability Patched: What Node Operators Need to Know
Bitcoin Core patched CVE-2024-52911, a critical vulnerability that could enable miners to crash legacy nodes and potentially execute malicious code. The discovery underscores the importance of timely software updates across the distributed blockchain network.
Ethereum Security Crisis Deepens: Can ETH Hold Key Support Levels Amid Mass Wallet Exploit?
Ethereum faces a significant security crisis as hundreds of dormant wallets are simultaneously drained, threatening the blockchain’s credibility. With ETH trading near $2,300 and technical indicators flashing bearish signals, the question remains whether the network can defend critical support levels while researchers race to identify and patch the underlying vulnerability.
