1 year ago
The Deribit blistery wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to information from the Ethereum artifact explorer Etherscan.
In the aftermath of the $28 cardinal Deribit hack, the chartless exploiter is moving stolen funds utilizing the decentralized cryptocurrency mixer, Tornado Cash.
The Deribit blistery wallet hacker has transferred a full of 1,610 Ether (ETH), oregon astir $2.5 million, to Tornado Cash, according to information from the Ethereum artifact explorer Etherscan.
The funds were transferred successful 17 transactions, with the archetypal outgoing transaction occurring connected Nov. 5 —just a fewer days aft Deribit suffered the hack.
The magnitude of funds moved to Tornado Cash is conscionable a fraction of each stolen ETH connected the hacker’s address, arsenic its equilibrium amounts to 7,501 ETH ($11.8 million) astatine the clip of writing. The hacker initially sent 9,080 ETH to the code connected Nov. 2.
The blockchain analytics level PeckShield initially reported connected the outgoing Tornado Cash transactions connected Nov. 5. At the time, the magnitude of funds leaving the hacker’s ETH wallet was conscionable astir $350,000.
Deribit officially announced that its level suffered a blistery wallet hack connected Nov. 2, losing a full of $28 cardinal successful respective cryptocurrencies, including Bitcoin (BTC), ETH and USD Coin (USDC). The speech had to halt each withdrawals successful bid to guarantee due information successful the aftermath of the hack, promising to screen each the losses.
The level subsequently resumed regular withdrawals for BTC, ETH and USDC connected Nov. 2, migrating each blistery wallets to the integer plus information level Fireblocks. Deribit stressed that users should not nonstop funds to their erstwhile BTC, ETH and USDC addresses and usage caller Fireblocks deposit addresses instead.
Related: Fireblocks records $100M+ gross successful subscriptions amid carnivore market
The quality comes amid the ongoing uncertainty implicit Tornado Cash and different cryptocurrency mixers aft authorities successful the United States restricted the mixer. The Office of Foreign Assets Control of the U.S. Department of the Treasury blacklisted Tornado Cash successful August 2022, making it amerciable for citizens, residents and companies to person oregon nonstop wealth done the service.
In October, the crypto advocacy radical Coin Center filed a ailment against OFAC, Treasury Secretary Janet Yellen and OFAC Director Andrea Gacki, alleging that sanctioning Tornado Cash was “unprecedented and unlawful.”
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