Ethereum

Recent blockchain activity has revealed significant movements by hackers, according to Lookonchain monitoring. Notably, three hacker addresses have deposited a combined total of 17,800 ETH, valued at approximately $42.7 million, into Tornado Cash over the last three days. These deposits include funds from high-profile hacks, raising concerns within the crypto community about the rise of illicit activities in the decentralized finance (DeFi) space.<h2 id="header-0">Breakdown of Deposits by Hackers</h2>Among the three hackers, the Penpie hacker led with a substantial deposit of 9,600 ETH, roughly equivalent to $23 million. Following closely, the WazirX hacker transferred 7,200 ETH, amounting to $17.3 million. Another hacker, responsible for stealing assets from Shen Bo, the founder of Fenbushi Capital, deposited 1,000 ETH, valued at around $2.4 million. These transactions suggest a coordinated effort by malicious actors to obfuscate their illicit gains using Tornado Cash, a decentralized mixing service that has previously been linked to other crypto hacks.Related: <a href="https://cryptotale.org/hacker-moves-4m-in-stolen-ether-to-tornado-cash-from-wazirx/" rel="noopener noreferrer nofollow">https://cryptotale.org/hacker-moves-4m-in-stolen-ether-to-tornado-cash-from-wazirx/</a>These deposits come amid a growing trend of hackers exploiting DeFi protocols. The hackers involved appear to be leveraging Tornado Cash to hide the movement of stolen funds, making it more difficult for authorities and blockchain analytics firms to track the assets. However, the activity signals heightened vigilance as blockchain monitoring continues to reveal suspicious transfers.<a href="https://cryptotale.org/penpie-wazirx-fenbushi-hacked-17-8k-eth-deposited-into-tornado-cash/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Penpie, WazirX, Fenbushi Hacked: 17.8K ETH Deposited into Tornado Cash

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