Rocket

Tornado Cash

Rocket Pool

Tornado

<div class="cryptonews"> 
 <p class="is-style-lead">A crypto whale fell victim to a phishing scam, losing $24 million in Rocket Pool Ether (rETH) and Lido staked Ether (stETH) on Sept. 7.</p> 
 <p>A wallet tied to at least $24 million in stolen cryptocurrencies <a rel="noopener noreferrer nofollow" title="deposit" href="https://thebittimes.com/tag/deposit.html">deposit</a>ed 600 Ether (ETH) worth an estimated $936,000 into Tornado Cash, an Ethereum-based privacy tool sanctioned by the US Treasury Department.</p> 
 <p>The address received 2000 ETH tokens from a wallet labeled “FakePhishing186943” on block explorer Etherscan. FakePhishing186943 seems to be the recipient of proceeds from multiple <a rel="noopener noreferrer nofollow" title="phishing" href="https://thebittimes.com/tag/phishing.html">phishing</a> campaigns.&nbsp;</p> 
 <p>On Sep. 7, a crypto whale fell victim to one of these malicious attacks masterminded by phishers. The whale, crypto’s term for addresses with large amounts of digital assets, lost $24 million in liquid staking derivatives after clicking a fake link, according to on-chain analytics provider CertiK.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">#CertiKSkynetAlert<br><br>We have seen a movement of funds into @TornadoCash from eoa 0x71C8 who has <a rel="noopener noreferrer nofollow" title="deposit" href="https://thebittimes.com/tag/deposit.html">deposit</a>ed 600 ETH (~$970K) out of 2000 ETH received from "FakePhishing186943".<br><br>The phisher stole $24M worth of assets from a crypto whale on Sept 6th.https://t.co/ZuYu2x9Zse</p>— CertiK Alert (@CertiKAlert) September 11, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p>As a result, the scammer gained transaction authorization and stole 9,579 Lido staked Ether (stETH) worth $15.6 million at the time.&nbsp;</p> 
 <p>The culprit also drained 4,851 in Rocket Pool Ether (rETH) valued at $8.5 million from the whale’s coffers. According to Etherscan, the theft happened in two transactions, and “FakePhishing186943” received the looted assets.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Crypto whale losses over $24m in phishing scam 
 </div> 
 <p>The <a rel="noopener noreferrer nofollow" title="deposit" href="https://thebittimes.com/tag/deposit.html">deposit</a> into Tornado Cash, a protocol that allows users to obscure their transactions, is likely an attempt to throw off would-be crypto trackers and law enforcement by tapping a decentralized privacy tool. </p> 
 <p>This potentially makes it harder to track where assets came from. The tool’s privacy <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> reportedly stirred concerns with the US Treasury Department, and sanctions on Tornado Cash were eventually placed in August 2022.</p> 
 <p>Indeed, the Treasury’s Office of Foreign Assets Control (OFAC) claimed North Korean hackers and other bad actors leveraged Tornado Cash for billions in money laundering.&nbsp;</p> 
 <p>A trio of developers and co-founders were also accused of conspiracy and evasion of sanctions due to their contribution to Tornado Cash.</p> 
 <p>Roman Storm, one of the three devs, pleaded not guilty to criminal charges on Sep. 6. The court confiscated his Russian passport and issued a $2 million bail.</p> 
 <p>Another fellow developer, Alexey Pertsev, accused of money laundering, spent nine months in Dutch detention before his release in April 2023.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Tornado Cash developer Alex Pertsev to be released from jail 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/600-ether-from-phishing-exploit-deposited-into-tornado-cash-tbt62327.html">https://thebittimes.com/600-ether-from-phishing-exploit-deposited-into-tornado-cash-tbt62327.html</a></p>

600 Ether from phishing exploit deposited into Tornado Cash

TheBitTimes

Other articles published on Sep 11, 2023

Commissioner Pham's Crypto Regulation Pilot Program and $1.7B Settlement

Bulls Push Solana Price Above 20-Day EMA Amid FTX’s $3.4B Sell-Off

Coinbase NOT about to end operations in India - misleading email to blame

Bitcoin Dips Below $26K as Crypto Market Faces Downturn

What is $FLR crypto and How to use it to Gain Profit?(2023 UPDATE)

APT Unlocking Event May Be Followed by Temporary Selloff

Join our free newsletter for daily crypto updates!