Ethereum

Million

Tornado Cash

Tornado

Nomad

<ul class="wp-block-list news-points"> 
 <li><strong>Hackers use Tornado Cash to obscure $36.9M in stolen Ethereum, raising laundering concerns.</strong></li> 
 <li><strong>OKX bans Tornado Cash to comply with regulations amid increasing crypto laundering fears.</strong></li> 
 <li><strong>Despite laundering challenges, Ethereum’s value surges 10.28%, showcasing market resilience.</strong></li> 
</ul> 
<p>In a recent development, blockchain security firm PeckShieldAlert reported that a hacker-labeled address linked to Crypto Exchange Rain transferred 721 Ethereum (ETH), valued at approximately $1.7 million, to the crypto mixing service Tornado Cash. This incident has raised concerns about the use of mixers to potentially launder stolen funds.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#PeckShieldAlert</a> Crypto Exchange <a href="https://twitter.com/hashtag/Rain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Rain</a> hacker-labeled address has transferred 721 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> (worth ~$1.7m) to <a href="https://twitter.com/hashtag/Tornadocash?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Tornadocash</a> <a href="https://t.co/ystOttgiJC" target="_blank" rel="nofollow">pic.twitter.com/ystOttgiJC</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1821801628489723954?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 9, 2024</a>
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<p>Following the Rain exchange incident, another significant movement was reported involving the Nomad Bridge exploit. An exploiter <a href="https://x.com/PeckShieldAlert/status/1821445311115731452" target="_blank" rel="nofollow">transferred a substantial</a> 14,500 ETH, worth about $35.2 million, to Tornado Cash. These transactions highlight the prevalent use of mixing services to obscure the origins of large sums of crypto assets, complicating efforts to t…</p>
<p>The post <a href="https://coinedition.com/tornado-cash-hackers-launder-37-million-in-stolen-ethereum/">Tornado Cash: Hackers Launder $37 Million in Stolen Ethereum</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Tornado Cash: Hackers Launder $37 Million in Stolen Ethereum

Coin Edition

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