🚨 OKX announces the closure of all customer accounts that have interacted with Tornado Cash.

This is why it is essential to leave only the bare minimum on the exchanges.

⚠️ Tomorrow they can close your accounts for any reason.

🔸 Exchange = not your private keys = not your cryptos = centralized

🔹 Wallet (metamask, ledger, phantom, tangem, trezor, etc. ) = your private keys = your cryptos = decentralized

⚖️ A company specializing in the recovery of funds following scams #crypto , scams its customers.

On August 5, the Department of Homeland Security reported that an investigation by its New York task force had resulted in charges against Michael Lauchlan, who ran Coin Dispute Network (CDN), a fraudulent crypto asset recovery business.

Lauchlan allegedly kept the fees and, in some cases, extracted additional ETH from nearly 175 customers, using false promises and fake blockchain tracing reports.

This is the first time a cryptocurrency recovery site has been shut down by the Manhattan District Attorney's office.

"Michael Lauchlan allegedly exploited his clients' lack of experience in the cryptocurrency industry and in return defrauded them of thousands of dollars in fraudulent services and stolen assets," the investigator said

https://cointelegraph.com/...

❌ In July, hackers stole $266 million of crypto through 16 attacks.

🔹 WazirX: $230 million (CeFi)

🔹 Compound: $24 million

🔹 LI.FI: $9 .73 million

🔹 Bittensor: $8 million

🔹 RhoMarkets: $7 .6 million (Returned)

🔹 Terra: $4 million

🔹 DoughFina: $1 .86 million

🔹 Minterest: $1 .4 million

🔹 MonoSwap: $1 .3 million

🔹 DeltaPrime: $1 million ($900,000 returned)

Most of the stolen funds were transferred to Tornado Cash.

🔓Token Unlocks of the coming week.

📅 June 25:

👉 $ALT - $21 .27 million

6.92% of the supply in circulation

📅 June 27:

👉 $YGG - 11.15 million $4 .48% of the supply in circulation

📅 June 30:

👉 $TORN - 0.29 Million $

2.41% of the supply in circulation

👉 OPTIMISM $OP - 57.36 Million $

2.88% of the supply in circulation

🗞 Token_Unlocks