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According to Sygnia’s report, the attack originated from a “malicious JavaScript code” injected into SafeWallet’s Amazon Web Services infrastructure.

The appeal, issued on Nov. 26, 2024, argued that OFAC overstepped its “statutory authority” by blacklisting Tornado Cash in 2022. The filing stated:

Meanwhile, crypto lending firm Ledn’s chief investment officer, John Glover, said Bitcoin may pull back to $89,000 before rebounding and hitting $125,000 by the end of the first quarter.

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