Crypto’s ‘Tornado Cash’ fans money laundering fears, may be ‘tip of the iceberg’

On January 17th, with cryptocurrency prices being widely routed by risk aversion, Crypto.com flagged a “security incident” that caused the operation to freeze withdrawals. 

Days later, the Singapore-based exchange announced that hackers had stolen at least $15 million worth of Ethereum (ETH) tokens — and potentially as much as $33 million, according to independent estimates — but pledged to reimburse those affected. Crypto.com faulted some accounts for a lack of 2-factor authentication…


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