- The hacker who looted the crypto exchange Poloniex has started moving Ethereum (ETH) to the mixing service Tornado Cash.
- The hacker moved 1126.1 ETH worth more than $3.4 million into Tornado Cash across a series of 20 transactions.
- This represents the exploiter’s first moves into the controversial Ethereum-based crypto mixer, which helps users conceal their digital assets.
The hacker who raided Poloniex in early November, stealing a significant amount of cryptocurrencies, has started moving Ethereum to the mixing service Tornado Cash, in an attempt to conceal their digital assets.
Hacker Moves Looted Ethereum to Tornado Cash
The digital asset de-anonymizing platform Arkham has reported that the hacker who looted the crypto exchange Poloniex has started moving Ethereum (ETH) to the mixing service Tornado Cash. The hacker moved 1126.1 ETH worth more than $3.4 million into Tornado Cash across a series of 20 transactions on Monday and Tuesday. This represents the exploiter’s first moves into the controversial Ethereum-based crypto mixer, which helps users conceal their digital assets.
Details of the Poloniex Hack
The hacker raided Poloniex in early November, stealing $56 million worth of ETH, $48 million worth of Tron (TRX) and $18 million worth of Bitcoin (BTC), as well as smaller amounts of other crypto assets. The exchange, which is owned by Tron founder Justin Sun, offered a 5% white hat bounty that went unaccepted. The hacker still holds $181.47 million worth of crypto in their primary address, according to Arkham.
Conclusion
The hacker’s move to Tornado Cash signifies an attempt to further conceal the looted digital assets. The crypto community and exchanges need to remain vigilant and enhance security measures to prevent such incidents in the future.
