Over $15M was stolen across three incidents this week, with the majority of losses stemming from the compromise of the Woo X exchange. This marks the third CeFi platform breached in the past two weeks, bringing total losses to $85.2 million. As with the previous two incidents, private keys were not exposed. Attackers instead gained control of the exchange’s infrastructure, allowing them to drain funds from nine whale accounts.
The Tornado Cash trial against Roman Storm is unraveling into a circus, built on flawed blockchain tracing and a fundamental misunderstanding of how decentralized immutable smart contracts work. Prosecutors have misrepresented asset flows, ignored the fact that Storm had no control over the protocol once it was deployed, and continue to manipulate charges in an apparent effort to secure a conviction regardless of the facts or broader consequences. Storm has also been financially deplatformed without a conviction, effectively punished before trial. Hopefully the court sees through the charade and brings this misguided prosecution to an end.
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