Bitrue Hacker Begins Transferring Stolen ETH to Tornado Cash Following $24.4M April Attack

According to COINOTAG News on June 12, monitoring by CertiK Alert has revealed that the perpetrator behind the Bitrue exchange hack has initiated the movement of Ethereum (ETH) through Tornado Cash, a privacy-focused mixing service. The incident traces back to April 2023, when Bitrue suffered a significant security breach caused by a compromised private key, resulting in a substantial loss of around $24.4 million. This development underscores ongoing challenges in safeguarding digital asset platforms and highlights the critical need for enhanced security protocols within the cryptocurrency trading ecosystem.