Privacy protocol Railgun successfully blocked a hacker's attempt to launder $9.5 million in stolen cryptocurrency from the zkLend exploit. This action represents a notable achievement for the privacy technology sector, as Railgun has taken a firm stance against processing illicit funds. The protocol's decision aligns with ongoing discussions about the balance between security and regulatory compliance in the cryptocurrency space. In a related context, the FBI reported that its Operation Level Up has prevented 4,300 individuals from falling victim to cryptocurrency scams, saving them a total of $285 million. This highlights the increasing efforts by law enforcement to combat crypto-related fraud as the industry faces rising crime, which reached $2.2 billion globally in 2024.
WhiteBIT Secures $150M: A Lesson in Proactive Defense Crypto crime hit $2.2B globally in 2024. Hacks climbed, scams evolved - yet WhiteBIT managed to lock down $150M+ at risk. Their recovery of funds tied to Ripple and the Lazarus Group shows what’s possible with sharp… https://t.co/jkIaoyR4wt
The FBI just saved 4,300 people from losing a staggering $285M in crypto scams! 🚨💰 Operation Level Up is on fire—identifying victims before they lose everything and shutting down fake investment platforms. These scams are next-level, showing fake profits to lure people in…
A Harris County deputy stopped an elderly woman from depositing $13K in a Bitcoin ATM scam, the sheriff's office said. https://t.co/AexyeqWtB4