TORN
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The Tornado Cash attacker obtained a total of 483,000 #TORN from the Tornado Cash governance vault.
The TORN price has decreased by 30%.
More info👇
https://twitter.com/wublockchain/status/1660130837504102401
#DeFi #Binance #crypto2023
The TORN price has decreased by 30%.
More info👇
https://twitter.com/wublockchain/status/1660130837504102401
#DeFi #Binance #crypto2023
Be careful: Danger in the Coins Delisted by Binance!
Beware of; There may be an "exit pump" in PERL, WTC, BTS and TORN, which are listed by Binance.
Binance will delist BTS, PERL, TORN and WTC on December 7. After the delisting, there were sharp declines in the altcoins subject to the delisting. WTC in particular took the post-delist crypto community by surprise.
With Binance announcing that it would delist four altcoins, WTC dropped by 75 percent, PERL by 70 percent, TORN by 60 percent and BTS by 50 percent.
As the day when Binance will delist approaches, the large wallets remaining in these altcoins may have resorted to the "exit pump" method. Seeking to cover their losses, market makers seem to be trying to attract new investors by upgrading the coins. The biggest risers on Binance during the day were the delisted cryptocurrencies.
#WTC , #BTS , #PERL and #TORN , which are well known in the crypto market, are preparing to say goodbye to Binance. Binance will officially remove these 4 coins from the stock market on December 7.
Local tokens of the projects to be delisted from the stock exchange were the most rising cryptocurrencies of the day. Especially on the PERL side, there was an increase of over 100 percent. While crypto investors were trying to understand this rise in delist projects, the exit pump strategy came to the fore.
Exit pump means that large asset owners involved in any project make an artificial rise in order to sell to new investors before abandoning the project. In other words, major wallets in cryptocurrencies such as WTC and PERL may be trying to leave the project by minimizing losses before delisting. Therefore, large wallets seem to pave the way for artificial increases in order to attract new investors to projects.
No other detail can be seen except the exit pump. Because the projects received strong sales after delisting and were pushed to the background. The remaining investors may want to sell their coins to new investors and exit.
$BTC $PERL $BTS
Beware of; There may be an "exit pump" in PERL, WTC, BTS and TORN, which are listed by Binance.
Binance will delist BTS, PERL, TORN and WTC on December 7. After the delisting, there were sharp declines in the altcoins subject to the delisting. WTC in particular took the post-delist crypto community by surprise.
With Binance announcing that it would delist four altcoins, WTC dropped by 75 percent, PERL by 70 percent, TORN by 60 percent and BTS by 50 percent.
As the day when Binance will delist approaches, the large wallets remaining in these altcoins may have resorted to the "exit pump" method. Seeking to cover their losses, market makers seem to be trying to attract new investors by upgrading the coins. The biggest risers on Binance during the day were the delisted cryptocurrencies.
#WTC , #BTS , #PERL and #TORN , which are well known in the crypto market, are preparing to say goodbye to Binance. Binance will officially remove these 4 coins from the stock market on December 7.
Local tokens of the projects to be delisted from the stock exchange were the most rising cryptocurrencies of the day. Especially on the PERL side, there was an increase of over 100 percent. While crypto investors were trying to understand this rise in delist projects, the exit pump strategy came to the fore.
Exit pump means that large asset owners involved in any project make an artificial rise in order to sell to new investors before abandoning the project. In other words, major wallets in cryptocurrencies such as WTC and PERL may be trying to leave the project by minimizing losses before delisting. Therefore, large wallets seem to pave the way for artificial increases in order to attract new investors to projects.
No other detail can be seen except the exit pump. Because the projects received strong sales after delisting and were pushed to the background. The remaining investors may want to sell their coins to new investors and exit.
$BTC $PERL $BTS
⚡#Coin of the day by social activity - #TornadoCash #TORN . (10 May 2023)
Tornado Cash is an open-source #decentralized coin mixer on the #Ethereum network.
Tornado Cash is an open-source #decentralized coin mixer on the #Ethereum network.
Spot Signal ♥️
#TORN / BUSD
ENTRY 1 3.60
ENTRY 2 3.23
TARGET 1 3.85
TARGET 2 4.15
TARGET 3 4.99
SL 3.00
Use 5-10% Amount
Risk management is the key to success
Always Do risk management.
#crypto2023 #BTC #ETH
#TORN / BUSD
ENTRY 1 3.60
ENTRY 2 3.23
TARGET 1 3.85
TARGET 2 4.15
TARGET 3 4.99
SL 3.00
Use 5-10% Amount
Risk management is the key to success
Always Do risk management.
#crypto2023 #BTC #ETH
🟢Spot call
$TORN Buy heavily and hold
DCA if comes down
still in BUSD pair on #Binance
15M mcap
kinda feels like it 'll do 4x soon
currently at $4
can go upto $17
Best wishes💫
#TORN #TornadoCash
$TORN Buy heavily and hold
DCA if comes down
still in BUSD pair on #Binance
15M mcap
kinda feels like it 'll do 4x soon
currently at $4
can go upto $17
Best wishes💫
#TORN #TornadoCash
DAILY GAINERS
#ARC +61.5%
$CYBER +20.4%
#TOMI +16.1%
#CRPT +11.9%
#TORN +6.9%
$FITFI +6.0%
$PRIME +5.3%
$INJ +5.2%
$DEXE +4.9%
$DAO +3.1%
#dailygainers
#ARC +61.5%
$CYBER +20.4%
#TOMI +16.1%
#CRPT +11.9%
#TORN +6.9%
$FITFI +6.0%
$PRIME +5.3%
$INJ +5.2%
$DEXE +4.9%
$DAO +3.1%
#dailygainers
TORN price dumps 50% after attacker takes over Tornado Cash DAO
TORN price fell more than 40%, dropping from highs of $7.29 to lows of $3.55.
This is after the Tornado Cash DAO had passed a malicious proposal that included a bug from an attacker.
With complete control over the Tornado Cash governance system, the attacker proceeded to drain locked votes.
The price of TORN fell sharply as the market reacted to cryptocurrency news about a malicious takeover of the Tornado Cash governance.
In the initial market reaction, TORN price plummeted by nearly 50%, with sellers pushing the token’s value from highs of $7.29 to lows of $3.55. While further losses could still materialize, the token’s value has rebounded to above $4.40 as buyers attempt to keep the bears at bay.
At the time of writing, Tornado Cash is ranked 1,103 by market cap on CoinGecko. It has a market cap of $6.8 million, but has seen a total of $25.7 million worth TORN traded in the past 24 hours.
Attacker maliciously takes over Tornado Cash DAO
The price of Tornado Cash fell after an attacker took over the governance of the Tornado Cash DAO. The compromise happened after the community passed a malicious proposal, which the attacker used to drain funds from the governance treasury.
Tornado Cash is a crypto mixing service that runs on Ethereum. It was sanctioned by the US Treasury in February 2023. The governance system controls upgrades to the protocol and is run by those holding the project’s native TORN tokens.
On May 20, 2023, an attacker purportedly added an extra function to an upgrade passed by TORN holders. This gave the unknown entity an extra 1.2 million votes and effective control of the cryptocurrency’s governance system.
As highlighted by a pseudonymous crypto intelligence account Samczsun, control allowed the attacker(s) to withdraw 10,000 votes in TORN tokens. They sold these for $25,600 before draining the remaining amount of locked votes.
In total, 483,000 TORN was taken from the vault. 6,000 TORN was deposited on crypto exchange Bitrue, 379,000 was sold on-chain for $680,000 of ether, and just under 100,000 #TORN remains under the attacker’s control.
In the aftermath of the compromise, #Binance announced it would be halting TORN deposits until further notice.
Tron founder Justin Sun said TORN deposits and withdrawals on Huobi would remain open. Meanwhile, the Tornado Cash team says its working on a fix for the vulnerability.
This is after the Tornado Cash DAO had passed a malicious proposal that included a bug from an attacker.
With complete control over the Tornado Cash governance system, the attacker proceeded to drain locked votes.
The price of TORN fell sharply as the market reacted to cryptocurrency news about a malicious takeover of the Tornado Cash governance.
In the initial market reaction, TORN price plummeted by nearly 50%, with sellers pushing the token’s value from highs of $7.29 to lows of $3.55. While further losses could still materialize, the token’s value has rebounded to above $4.40 as buyers attempt to keep the bears at bay.
At the time of writing, Tornado Cash is ranked 1,103 by market cap on CoinGecko. It has a market cap of $6.8 million, but has seen a total of $25.7 million worth TORN traded in the past 24 hours.
Attacker maliciously takes over Tornado Cash DAO
The price of Tornado Cash fell after an attacker took over the governance of the Tornado Cash DAO. The compromise happened after the community passed a malicious proposal, which the attacker used to drain funds from the governance treasury.
Tornado Cash is a crypto mixing service that runs on Ethereum. It was sanctioned by the US Treasury in February 2023. The governance system controls upgrades to the protocol and is run by those holding the project’s native TORN tokens.
On May 20, 2023, an attacker purportedly added an extra function to an upgrade passed by TORN holders. This gave the unknown entity an extra 1.2 million votes and effective control of the cryptocurrency’s governance system.
As highlighted by a pseudonymous crypto intelligence account Samczsun, control allowed the attacker(s) to withdraw 10,000 votes in TORN tokens. They sold these for $25,600 before draining the remaining amount of locked votes.
In total, 483,000 TORN was taken from the vault. 6,000 TORN was deposited on crypto exchange Bitrue, 379,000 was sold on-chain for $680,000 of ether, and just under 100,000 #TORN remains under the attacker’s control.
In the aftermath of the compromise, #Binance announced it would be halting TORN deposits until further notice.
Tron founder Justin Sun said TORN deposits and withdrawals on Huobi would remain open. Meanwhile, the Tornado Cash team says its working on a fix for the vulnerability.
#ADA #TORN #cryptonews #crypto2023 #BinanceSquare
$ADA $TORN
🟢 Cardano\'s Resilience and Progress Amidst Crypto Market Challenges
🗨 In the ever-volatile world of cryptocurrency, Cardano, a Proof-of-Stake (PoS) Layer-1 (L1) smart contract network, emerged as a symbol of resilience in the third quarter of 2023. Despite challenges such as a declining ADA price and fluctuating revenue, Cardano stood strong, demonstrating its unwavering commitment to its vision and mission.
🔴 Onyx Protocol exploiter begins siphoning $2.1M loot on Tornado Cash
🗨 The bug Onyx Protocol hacker exploited to steal $2.1 million was previously used by a hacker to extort $7 million from Hundred Finance.
👨👩👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news
❤️ Don't forget to LIKE the post - it's the best support for me
$ADA $TORN
🟢 Cardano\'s Resilience and Progress Amidst Crypto Market Challenges
🗨 In the ever-volatile world of cryptocurrency, Cardano, a Proof-of-Stake (PoS) Layer-1 (L1) smart contract network, emerged as a symbol of resilience in the third quarter of 2023. Despite challenges such as a declining ADA price and fluctuating revenue, Cardano stood strong, demonstrating its unwavering commitment to its vision and mission.
🔴 Onyx Protocol exploiter begins siphoning $2.1M loot on Tornado Cash
🗨 The bug Onyx Protocol hacker exploited to steal $2.1 million was previously used by a hacker to extort $7 million from Hundred Finance.
👨👩👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news
❤️ Don't forget to LIKE the post - it's the best support for me
TORN Token Price Plummets 60% After Binance Delisting Announcement
The price of the TORN token, the native cryptocurrency of the decentralized coin mixing protocol Tornado Cash, plummeted by more than 60% within an hour on Monday after Binance, the world's largest cryptocurrency exchange, announced that it would delist the token.
The delisting news came just hours after the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, alleging that the protocol had been used to launder money for North Korea and other criminal actors.
As a result of the sanctions, Binance said that it would no longer support TORN deposits or withdrawals. The exchange also said that it would freeze the accounts of any users who hold TORN tokens.
The delisting and sanctions news sent shockwaves through the cryptocurrency market, causing the price of TORN to plummet from around $0.0037 to around $0.0003 within a matter of minutes.
The price of TORN has since recovered somewhat, but it is still trading down more than 50% from its pre-delisting price.
What is Tornado Cash?
Tornado Cash is a decentralized coin mixing protocol that is designed to enhance the privacy of cryptocurrency transactions. The protocol works by mixing together a large pool of cryptocurrencies, making it difficult to trace the origin of any individual transaction.
Tornado Cash has been criticized by some for its potential to facilitate money laundering and other criminal activity. However, the protocol's supporters argue that it is a valuable tool for protecting the privacy of cryptocurrency users.
What does the future hold for TORN?
The future of TORN is uncertain. The delisting from Binance and the sanctions from OFAC are a major blow to the protocol, and it is unclear whether it will be able to recover.
Only time will tell what the future holds for TORN. However, the delisting from Binance and the sanctions from OFAC are a stark reminder of the risks associated with using privacy-focused cryptocurrencies.
#Tornado
#TORN
#TornadoCash
The price of the TORN token, the native cryptocurrency of the decentralized coin mixing protocol Tornado Cash, plummeted by more than 60% within an hour on Monday after Binance, the world's largest cryptocurrency exchange, announced that it would delist the token.
The delisting news came just hours after the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash, alleging that the protocol had been used to launder money for North Korea and other criminal actors.
As a result of the sanctions, Binance said that it would no longer support TORN deposits or withdrawals. The exchange also said that it would freeze the accounts of any users who hold TORN tokens.
The delisting and sanctions news sent shockwaves through the cryptocurrency market, causing the price of TORN to plummet from around $0.0037 to around $0.0003 within a matter of minutes.
The price of TORN has since recovered somewhat, but it is still trading down more than 50% from its pre-delisting price.
What is Tornado Cash?
Tornado Cash is a decentralized coin mixing protocol that is designed to enhance the privacy of cryptocurrency transactions. The protocol works by mixing together a large pool of cryptocurrencies, making it difficult to trace the origin of any individual transaction.
Tornado Cash has been criticized by some for its potential to facilitate money laundering and other criminal activity. However, the protocol's supporters argue that it is a valuable tool for protecting the privacy of cryptocurrency users.
What does the future hold for TORN?
The future of TORN is uncertain. The delisting from Binance and the sanctions from OFAC are a major blow to the protocol, and it is unclear whether it will be able to recover.
Only time will tell what the future holds for TORN. However, the delisting from Binance and the sanctions from OFAC are a stark reminder of the risks associated with using privacy-focused cryptocurrencies.
#Tornado
#TORN
#TornadoCash
The US Treasury did not respond to questions from a Republican MP about the possible blacklisting of the Tornado Cash mixer. This could potentially be due to reasons related to ongoing investigations or national security. #TORN #crypto2023 #dyor
#TokenUnlocking #TORN Token Unlocking 175,000 Torn worth of 1,40,500 1.75 % of the total supply will be Unlocked at 8 March ,2023.
#Binance #crypto2023 #BTC
#Binance #crypto2023 #BTC
