kev_nag
kev_nag

kev_nag

Retired, finally. I enjoy learning about crypto and sharing my discoveries. Also, I follow the News closely and enjoy discussing current events. I have no political agenda, but advance views based in reality with a slant toward real world consequences.


More Troubles for Vauld - Now Allegations of Money Laundering

57 minutes ago 2 minute read 0 comments kev_nag

Just some more in the latest saga of Vauld. Already, “[t]he Singaporean exchange cut its staff by 30% in June and halted withdrawals from its accounts at the beginning of July. Later that month, it sought protection from its creditors in Singapore. I...

In the Tornado Cash Wake - DAO Goes Dark Without Explanation

13 Aug 2022 4 minute read 0 comments kev_nag

The Tornado Cash DAO community has voted in favor of adding the DAO’s governance as a signatory to the treasury’s multi-signatory (multisig) wallet. The treasury looks after about $21.6 million across three different wallets. This vote began on Wedn...

Blockchain Forensics Uncover RenBridge Laundered $540 Million Hacking Proceeds

12 Aug 2022 4 minute read 3 comments kev_nag

RenBridge is pitched as a way to easily convert virtual currencies like ZCash and Bitcoin to the Ethereum network and then to other blockchains. But ‘as well as a legitimate tool, cross-chain bridges have also emerged as a key facilitator of money l...

After the Ethereum Merge, Both Circle and Tether Only to Support Ethereum PoS

11 Aug 2022 5 minute read 1 comment kev_nag

Introduction By now, that is unless you have been living under a rock, you must be aware of the upcoming merger of Ethereum giving rise to Ethereum 2.0 - Ethereum with a Proof of Stake consensus. Nonetheless, at that time a fork of the Ethereum chain...

A New Day - A New Contagion Victim (But This One Is Not As Bad for Investors)

10 Aug 2022 2 minute read 0 comments kev_nag

German Crypto Bank start-up, Nuri GmbH, applied to the District Court to open insolvency proceedings yesterday (August 9, 2022). It has been reported that Nuri has 500,000 customers and manages assets of approximately 325 Million Euros. Photo Source...

Another Contagion Victim - Hodlnaut Suspends Withdrawals and Deposits

10 Aug 2022 2 minute read 2 comments kev_nag

“Crypto lending platform Hodlnaut is suspending transactions including withdrawals and deposits, citing market conditions and a lack of liquidity as a reason. On Monday, the crypto lending business released a formal statement explaining why it had to...

Follow-up: Now Circle moves to Freeze All Blacklisted Tornado Cash Smart Contract Addresses

9 Aug 2022 3 minute read 2 comments kev_nag

Merely nine hours ago or so, I published an article [Nagoda, K. U.S. Treasury OFAC Bars Residents From Using Tornado Cash and Added 44 Addresses to the Specially Designated Nationals List. (Accessed August 9, 2022)]. On reading the ‘Crypto News’ this...

U.S. Treasury OFAC Bars Residents From Using Tornado Cash and Added 44 Addresses to the Specially Designated Nationals List

9 Aug 2022 3 minute read 4 comments kev_nag

In a Monday announcement, OFAC effectively barred U.S. residents from using Tornado Cash and placed 44 USD Coin (USDC) and Ether (ETH) addresses connected to the mixer on its list of Specially Designated Nationals. The department alleged that indivi...

Rising from the Ashes : Beanstalk Relaunches Following $77 Million Governance Exploit

8 Aug 2022 2 minute read 0 comments kev_nag

On August 6, 2022, Beanstalk Farms tweeted: Photo Source If you have forgotten the details concerning this exploit, you may review the same in a previous article: [Nagoda, K. Beanstalk Farms $76 Million Exploit and its Path Forward. (Accessed August...

$8.1 Million in WazirX Funds Frozen in AML Investigation by Indian Authorities

7 Aug 2022 3 minute read 0 comments kev_nag

On August 5, 2022, the Indian Directorate of Enforcement (ED) issued a Press Release wherein: Directorate of Enforcement (ED) has conducted searches on one of the Directors of M/s Zanmai Lab Pvt Ltd which owns the popular Crypto-currency exch...