Ethereum

The hacker behind the <a href="https://twitter.com/samczsun/status/1660012956632104960?t&#61;B4mUDqNxkIwHgKdAmrwIcA&amp;s&#61;19" rel="noopener noreferrer nofollow">attack</a> on Tornado Cash reportedly used the Ethereum mixing service to launder the funds they exploited from the platform last week. According to a <a href="https://www.bloomberg.com/news/articles/2023-05-29/hacker-who-robbed-crypto-laundering-service-tornado-cash-uses-it-to-mask-loot#xj4y7vzkg" rel="noopener noreferrer nofollow">report</a> by Bloomberg, the attacker laundered almost a million dollars worth of crypto tokens while simultaneously giving up control of the decentralized autonomous organization (DAO) behind Tornado Cash.Citing data gathered by on-chain analytics firm Nansen, Bloomberg reported that the hacker stole 483,000 of Tornado Cash’s native TORN coins and swapped the majority of it for Ether. The hacker then used the Ethereum mixing service to launder 472 ETH worth about $900,000 at the time.Blockchain security firm CertiK took to Twitter earlier today to report that a wallet associated with the hacker/hackers deposited 30 ETH ($57,000) in Tornado Cash.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5a386d76269042f4b12e12ac801b483f.png" />The mixing service was likely used to obscure the trail of the exploited funds. According to CertiK, the funds originated from a wallet identified in phishing activity. Data from <a href="https://etherscan.io/address/0x625c2374595b3215d0e192d292bd9ca837cb0c47#tokentxns" rel="noopener noreferrer nofollow">Etherscan</a> showed that the wallet transferred over 55,000 USDT to Uniswap over the past 24 hours.Read full article at <a href="https://cryptotale.org/tornado-cash-hacker-uses-mixing-service-to-launder-exploited-funds/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Tornado Cash Hacker Uses Mixing Service To Launder Exploited Funds

CryptoTale

Other articles published on May 29, 2023

ApolloX x Helio Rewards Carnival for $HAY Holders!

Ocean Cleanup Robot DAO – Accelerating Towards The Circular Economy

Terra Do Kwon Secures Top Law Firm for Defense in US Lawsuit

Unleashing the Power of Natural Language Processing in EXGOLAND

Lawyer’s Regret: Using ChatGPT in Court Leads to Unforeseen Consequences

Which Web 3.0 Social Media Platforms Can Replace Meta?

Join our free newsletter for daily crypto updates!