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Quick Take Summary is AI generated, newsroom reviewed. Hacker moved $10.8M in Ethereum via Tornado Cash after the October 2024 exploit. The original Radiant Capital hack drained $53M from its lending pool. Privacy mixers like Tornado Cash make tracing stolen funds difficult. The incident highlights security challenges in the growing DeFi sector.References The Radiant hacker has deposited $10.8M tied to the Oct 2024 exploit in $ETH to Tornado Cash, per Certik.
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- 01:17Nevada halts operations of crypto custodian Fortress Trust, citing imminent bankruptcyChainCatcher reported that Nevada regulators issued a cease and desist order to cryptocurrency custody company Fortress Trust (now renamed Elemental Financial Technologies Inc.) on October 22. According to court documents, the company is currently on the verge of bankruptcy and faces a significant mismatch between assets and liabilities. Regulators explicitly stated in the order that Fortress's liquidity position is "completely insufficient to meet customer obligations."
- 01:06Trust Wallet launches perpetual contract trading with up to 100x leverageChainCatcher news, Trust Wallet has launched Perps (perpetual contracts), covering over 100 markets with up to 100x leverage available. Users can trade while maintaining self-custody, with liquidity provided by Aster DEX. In the future, TWT fee discounts will be supported. The usage path is: update the app → Swap → Perps; users need to deposit margin before opening a position, and can go long or short. The official notice states that this service is not available in the United States, the United Kingdom, and other restricted regions. It is a high-risk product and is subject to Trust Wallet's terms of service.
- 01:06A Satoshi-era wallet dormant for 14.4 years has awakened, transferring 150 bitcoin worth approximately $16.56 million.ChainCatcher news, according to Onchain Lens, a bitcoin wallet dating back to the Satoshi Nakamoto era has recently resumed activity. The wallet holds a total of 4,000 BTC (approximately $440.4 million), of which 150 BTC (about $16.56 million) have been transferred to a new address. On-chain data shows that this whale has also been selling bitcoin over the long term through another wallet. That address previously received 4,050 BTC (4,000 + 50) from the currently active wallet, indicating that they may belong to the same early holder or entity.