Privacy Cash pauses deposits after Binance hack-linked funds moved in
BROBROK News · Based on reporting by DiarioBitcoin ·
Privacy Cash temporarily stopped deposits after researchers linked about $1.2 million in ETH and SOL to the Binance hack. The team said it will strengthen wallet filters, but it gave no timeline for when deposits will reopen.
Key points
- Deposits were paused on Nov. 4, while withdrawals remain available.
- Elliptic estimated about $1.2 million in ETH and SOL tied to the theft reached the protocol.
- The project said it already had wallet filtering, but did not explain how the deposits got through.
- No date was given for reopening deposits.
- The protocol documents support for multiple chains and zero-knowledge-based transfers.
Why it matters
The move highlights the operational risk privacy tools face when suspected illicit flows pass through them. It also raises questions about how effective wallet screening is in protocols designed to obscure links between deposits and withdrawals.
Original headline: “Privacy Cash pausa depósitos tras movimientos vinculados al hackeo de Binance”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.