2 years ago
Quick take:
- The 2020 hackers of Pickle Finance person laundered 1,800 Ethereum done Tornado Cash
- Roughly $20 cardinal successful the stablecoin of DAI was stolen from the protocol astatine the clip of the exploit
- Tornado Cash continues to beryllium the preferred mixer for these individuals and groups of hackers
The perpetrators of the 2020 exploit connected Pickle Finance person laundered 1,800 Ethereum (worth astir $4.68 cardinal utilizing an ETH complaint of $2,600) done the fashionable Tornado Cash mixer. According to the squad astatine PeckShieldAlert, the stolen funds person been laundered successful the past 10 hours and successful batches of 100 ETH.
#PeckShieldAlert ~1,800 $ETH of the @picklefinance stolen funds person already been laundered via @TornadoCash successful past 10 hours.
22 November, 2020, @picklefinance DAI PickleJar strategy was exploited. pic.twitter.com/byp5HitGow
— PeckShieldAlert (@PeckShieldAlert) May 8, 2022
$20 Million successful Digital Assets Was Stolen from Pickle Finance
The laundered Ethereum is portion of a full of $20 cardinal worthy of integer assets stolen from Pickle Finance successful November 2020. According to the authoritative postmortem of the attack, the hackers stole 19,759,355 DAI. This, successful turn, means that implicit the years, the attackers person converted the funds into ETH to disguise the question of the funds that were mislaid done the stablecoin of DAI.
Hackers Continue to Prefer Using Tornado Cash to Launder Ethereum
The Pickle Finance hackers articulation a budding database of individuals oregon groups utilizing the Ethereum Tornado Cash mixer to launder their ill-gotten wealth. The state-sponsored North Korean hacker radical known arsenic Lazarus has connected aggregate occasions been caught sending funds stolen from the Ronin Network and Axie Infinity level to the Tornado Cash mixer.
Additionally, hackers of 2017’s Parity multisig exploit person precocious been highlighted for laundering 9,000 Ethereum worthy $25.5 cardinal connected the fashionable Ethereum mixer of Tornado Cash.
Crypto mixers person besides caught the oculus of the US Department of the Treasury Office of Foreign assets Control. In a first, the OFAC office sanctioned the Bitcoin mixer of Blender.io for assisting successful illicit transactions that airs a menace to the United States and for aiding the North Korean hacker radical known arsenic Lazarus successful laundering stolen funds.
[Feature representation courtesy of Unsplash.com]
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