WETH

DeFi

Million

Tornado Cash

Tornado

<ul class="news-points">
 <li><strong>DeFi breaches underscore the urgency for robust security in crypto protocols like Curve Finance.</strong></li>
 <li><strong>TornadoCash use raises concerns on tracking and recovering laundered crypto funds.</strong></li>
 <li><strong>Address reputation tools like @Cyvers_ offer crucial solutions for detecting and mitigating malicious transactions.</strong></li>
</ul>
<p>In July 2023, Curve Finance, a leading DeFi protocol, suffered a major security breach. The attacker transferred roughly 1,500 ETH (worth about $4.6 million) to a new address, 0xc772…7475, according to PeckShieldAlert data.</p>
<p>The funds were then laundered through TornadoCash, a privacy-focused service, raising concerns within the crypto community.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> The <a href="https://twitter.com/hashtag/CRV?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CRV</a>/ETH exploiter-related address 0xc772…7475 has started laundering <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> via <a href="https://twitter.com/hashtag/TornadoCash?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#TornadoCash</a>. <a href="https://t.co/3lTY7VrxCl" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/3lTY7VrxCl</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1810916663023522211?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 10, 2024</a>
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<p>In addition to the substantial <a href="https://coinedition.com/why-is-ethereum-price-dropping-whale-activity-and-etf-delays-explained/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">ETH transfer</a>, a whale liquidation occurred, with address 0x929d…2af1 liquidated <a href="https://x.com/PeckShieldAlert/status/1810126228567015732" target="_blank" rel="noopener noreferrer nofollow">for approximately 456 WETH </a>(valued at around $1.34 million). These events underscore the ongoing challenges and risks in the DeFi space, emphasizing the need for robust security measures and monitoring systems.</p>
<p>The explo…</p>
<p>The post <a href="https://coinedition.com/curve-finance-breach-exploiter-launders-4-6-million-via-tornado-cash/" rel="noopener noreferrer nofollow">Curve Finance Breach: Exploiter Launders $4.6 Million via Tornado Cash</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Curve Finance Breach: Exploiter Launders $4.6 Million via Tornado Cash

Coin Edition

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