A hacker transferred $2.7 million in ETH stolen from the December 2022 Raydium hack through Tornado Cash.
Security firm Certik reported that an Ethereum wallet related to the Raydium hack laundered $2.7 million (approximately 1,774 ETH) on Tornado Cash on January 19.
#CertiKSkynetAlert 🚨
We are seeing ~1,774.5 ETH (~$2.7M) being shown into @TornadoCash from the Raydium exploiter 0xb98ac as labeled on https://t.co/lb2v6r8c4s.
Stay vigilant! pic.twitter.com/JVqWAw9MVO
— CertiK Alert (@CertiKAlert) January 19, 2023
In December of last year, the decentralized exchange Raydium, on the Solana system, had more than $4.4 million in assets stolen. Hackers took control after compromising the admin account and used the admin’s signature to manipulate the withdrawal. The attacker then transferred the stolen funds to Ethereum.
More than a month after the incident, address A wallet labeled as a Raydium attacker, moved $2.7 million to Tornado Cash. This is a favorite destination for hackers because it obscures and erases their transaction history.
Tornado Cash has been in the spotlight since last year shortly after it was raided by the US Treasury Department’s Office of Foreign Assets Control (OFAC). Following the sanctions, all individuals and organizations that are US residents are prohibited from interacting with the app. But Tornado Cash continues to be widely used by DeFi hackers.
Synthetic Kyptos
