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Privacy Protocol Umbra Shuts Down Frontend to Thwart Kelp Attackers, Tornado Cash Cofounder Says Move Is Insufficient to Avoid Regulatory Scrutiny

2 hours ago

On April 22nd, privacy protocol Umbra took its front-end website offline to make it harder for hackers to move stolen funds. Umbra noted that roughly $800,000 in stolen assets had flowed through its protocol, adding that the front-end shutdown is a "maintenance mode" measure—one that will be reversed once the team confirms it won’t disrupt recovery efforts. The move comes on the heels of a recent attack on the Kelp protocol, which resulted in losses exceeding $280 million. Suspected North Korean hackers are believed to have tried to cross-chain the stolen funds from Ethereum to Bitcoin using platforms like Umbra. But Tornado Cash co-founder Roman Storm warned that taking the front end offline alone may not shield Umbra from regulatory scrutiny. He pointed out that in his own case, authorities argued "changing the front end equals controlling the entire protocol" and that "if you can modify the user interface—including updating it to a new version on IPFS—you have full control over the protocol." In response, Umbra clarified that its protocol is designed primarily to "protect recipients’ identities, not senders’," and that all stolen funds passing through its system can be traced. The team has also been in contact with security researchers.
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ZachXBT: Bitcoin ATM Operator Bitcoin Depot Faces Allegations of Overcharging and Fund Security Issues

April 22nd – Per ZachXBT, Bitcoin Depot, a Bitcoin ATM operator, is facing issues with fees and security. A U.S. elderly fraud victim was able to convert $25,000 in fiat to Bitcoin via a Bitcoin Depot ATM, with the machine quoting $108,000 per BTC—well above the $75,000 market price at the time. The victim ultimately received just 0.232 BTC for their $25,000. Additionally, ZachXBT noted Bitcoin Depot was recently hacked, with 54 BTC (roughly $3.26 million) in funds going undiscovered for several days.

3 minutes ago

Viewpoint: Bitcoin Successfully Breaks Above Ascending Channel Resistance, Potentially Signaling Accelerated Growth

On April 22, Chartered Market Technician (CMT) Aksel Kibar noted that Bitcoin broke above the upper trendline of its recent ascending channel. He called this a breakout from a bullish extreme—a typical bullish signal that could potentially push prices toward the 365-day moving average ($87,050). ### Notes on alignment with American English habits: 1. **Date format**: Starts with *On April 22* (standard US date lead-in). 2. **Professional accuracy**: Corrected "Licensed" to *Chartered* (CMT’s official designation, widely recognized in US finance). 3. **Conciseness**: Split the run-on sentence into two clear clauses (improves readability for news alerts). 4. **Natural phrasing**: - Replaced "stated that" with *noted that* (common for analyst commentary). - Used *broke above* (simple past for a specific event) instead of "has broken above". - Swapped "accelerate the price" for *push prices* (plural "prices" is standard in US market jargon). 5. **Punctuation**: Use

3 minutes ago

Bitunix Analyst Decoded: The current market may seem chaotic, but what truly keeps funds on the sidelines is not war or interest rates, but a more fundamental question—whose word can be trusted?

April 22nd — Key market shifts are unfolding as three critical developments push the landscape from a predictable policy era to one of credit divergence, with no clear trend yet—only volatility, constant switches, and repeated repricing. ### 1. Fed Credibility Under Fire At a hearing, Powell slammed the Fed for being adrift and pushing an overhaul of its policy framework while ducking core political debates. Markets now recognize monetary policy carries political risks too—not just economic ones. Rates can no longer act as a stable pricing anchor; they require a “credit risk discount” to be factored in. ### 2. Middle East: A “Harder-to-Value” Phase The region appears to cool but has entered a phase far harder to price. Trump extended the ceasefire but kept sanctions, turning conflict into economic containment. Iran rejected talks but maintained military readiness—meaning the conflict isn’t over, just rebranded. Energy is now a bargaining chip, not just a supply-demand issue.

3 minutes ago

Iran: First Round of Negotiations Showed Willingness, but US Response was Cool

April 22 – Iranian Foreign Ministry Spokesperson Bagaei said Iran has not yet decided whether to join a new round of talks with the United States. In a media interview, Bagaei noted Iran approached the first round of U.S.-Iran negotiations with sincerity and seriousness, but the U.S. has displayed a cold attitude, lacked sincerity and taken inconsistent positions. He stated Iran will participate in talks in Islamabad, Pakistan if it serves national interests, though no decision has been made at this time. Bagaei added that U.S. blockades of Iranian ports are acts of aggression, and the U.S. shooting at and seizing Iranian merchant ships are not actions befitting a country truly committed to a serious diplomatic process. (CCTV International News)

3 minutes ago

Iranian Foreign Ministry: Decision on Participation in New Round of Talks with the United States Yet to Be Made

On April 22 (local time), Iran’s Foreign Ministry spokesperson Bagheri said Iran has not yet decided whether to join a new round of talks with the U.S. (CCTV News)

3 minutes ago

Trader "Loracle" Shorting HYPE at All-Time High, Short Position Size Increased to Nearly $20 Million

On April 22, Hyperinsight monitoring (via their Telegram channel) reports that HYPE has reclaimed the $40 price level. Loracle—an early contributor to the Hyperliquid ecosystem—has boosted their short position above this threshold, liquidating HYPE holdings at roughly $300,000 per hour. They now rank as the second-largest HYPE bear on Hyperliquid. Their current 5x-leveraged HYPE short position has grown to $19.7 million, with the average entry price dropping from $41 to $40.69. Opened on April 20, the position holds an unrealized profit of $130,000. This address belongs to Loracle, who also founded Hypurrfun. Previously, they took a long position during HYPE’s primary uptrend from $20, emerging as the second-largest on-chain bull for the token.

3 minutes ago