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Blockchain analytics firm Elliptic has released new findings that suggest a Russian-linked entity may be behind the high-profile hack of cryptocurrency exchange FTX. The revelation comes as part of an ongoing investigation into the theft of a staggering $477 million in various cryptocurrencies from the exchange. Funds moved during SBF’s court appearance Elliptic’s report highlights a key moment that casts doubt on initial suspicions that FTX founder Sam Bankman-Fried could be involved in the theft. According to the firm, $15 million of the stolen assets were moved on Oct. 4, 2023, at 3:41 p.m. EST. At that time, Bankman-Fried was reportedly in a Manhattan courtroom without internet access, making it unlikely that he was responsible for the transaction. Since the hack, a significant portion of the stolen funds has been converted to Bitcoin (BTC) and funneled through ChipMixer, a now-defunct privacy mixer. Elliptic’s Analysis shows that these assets were often m...

Former FTX CEO Sam Bankman-Fried’s lawyers question whether he can prepare for trial , while prosecutors claim that his bail revocation appeal is meritless. According to a Sept. 6 Decrypt report, SBF’s lawyers argue that he “will not have a meaningful opportunity to prepare his defense” under his current arrest conditions. The former FTX CEO was granted access to an air-gapped laptop in a visiting room during specific daily hours to review discovery materials related to the case brought against him. More specifically, according to the filing, SBF has access to the laptop to view the documents “in the legal visiting room 8:00 a.m. to 7:00 p.m., Monday through Friday, and 8:00 a.m. to 3:30 p.m., Saturday through Sunday and holidays.” The letter cited an alleged incident when he was forced to leave the room early, losing about 4.5 hours of access. Moreover, SBF’s lawyers argued that communication with him is too “slow and cumbersome.” At the same time...

An Ontario resident lost $35,000 worth of bitcoin to scammers who sold them fake firewall software while pretending to work for Silicon Valley giant Microsoft. As reported by CTV News, the scam began with a pop-up on the unnamed victim’s computer that told them to call the number shown to update their virus protection. They did as instructed and were connected to a scammer who claimed to work for the software company and subsequently persuaded them to install what they believed to be a new firewall. The following day, the Adelaide Metcalfe resident received a call from another supposed Microsoft employee who claimed to be checking up on their newly-installed software. During the call, the ’employee’ gained remote access to the target’s computer and banking details . Canadian police now use Chainalysis to track and return stolen crypto Read more: Crypto whales targeted in wave of home invasions near Vancouver They then explained that a deposit had accidentall...

Welcome to the 128th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write about. OK, only Crypto ? Not necessarily. We do that Monday to Friday, so we try to explore new subjects on weekends. Feel free to join in and submit entries on Twitter. Any topic is fair game. 39 mins ago Arkham Intelligence, Reserve, and the Leverage Research ‘cult’ https://t.co/ioMeG2Onro — Protos (@Protos) July 28, 2023 Starting off with out latest investigation. 39 mins ago A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are assessing the situation and will update the community as things develop. Other pools are safe. https://t.co/eWy2d3cDDj — Curve Finance (@CurveFinance) July 30, 2023 Just in 25 mins ago Couple more vyper exploits on BNB Chain pic.twitter....