SendStory Logo

Hackers and fraudsters used crypto bridge RenBridge to launder $540 million, says report - The Verge

The Verge LogoThe Verge4 mo ago

Hackers and fraudsters used crypto bridge RenBridge to launder $540 million, says report - The Verge

Quick Summary

Many other digital services can be used for both crime and noncriminal purposes, like privacy and censorship evasion.

That includes the proceeds of ransomware operations and theft from other chains.

But decentralized finance or DeFi is particularly rife with theft and hacking, and identifying chokepoints is potentially useful for security analysts and governments alike.


More Pictures

Hackers and fraudsters used crypto bridge RenBridge to launder $540 million, says report - The Verge - The Verge (Picture 1)Hackers and fraudsters used crypto bridge RenBridge to launder $540 million, says report - The Verge - The Verge (Picture 2)Hackers and fraudsters used crypto bridge RenBridge to launder $540 million, says report - The Verge - The Verge (Picture 3)

News Analysis

Author / Journalist: https://www.facebook.com/adi.lee.robertson

Category: Technology Business

Topics: Cybersecurity Tech Cryptocurrency Front Page

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: theverge.com

Readership Location: United States

Published Date: 2022-08-10, 19:39:43

News Timezone: GMT -5:00

Language: English

Original Article Length: 301 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1533008

Load More

About Publisher

The Verge Logo

Name: The Verge

Main Topics: TechnologyBusiness

Official Website: theverge.com

Update Frequency: 8 posts per day

Last Update: 11h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #79

Load More

SendStory makes reading the news super fast, short, and sweet by summarizing every story into 3 sentences. Our mission is to create an informed generation of people by making news extremely easy to read, while saving your precious time staying informed.

© Copyright 2022 SendStory. All Rights Reserved.