1 year ago
The acquisition was funded from a integer wallet, which has been a portion of the concatenation of transactions, anonymized by the Ethereum coin mixing work Tornado Cash
One of the CrypToadz non-fungible tokens (NFTs), whose mean terms doesn’t transcend $1000, was bought for an astonishing 1,055 Wrapped Ethereum (WETH), an equivalent to $1.6 million.
The woody occurred connected the OpenSea marketplace connected Oct. 9. The NFT represents “a small, warty, amphibious creature,” 1 of the 6969 units minted by the pseudonymous integer creator Gremplin. The CrypToadz postulation was launched during the NFTs roar successful 2021 and surpassed a trading measurement of 12,000 ETH ($38 million) during its archetypal 10 days connected the market.
The purchasing wallet was funded by a wallet that has been pulling wealth retired of Tornado Cashhttps://t.co/nNhKvSVhoz pic.twitter.com/aInHO8vNyG
— TexasHedge (@0xTexasHedge) October 9, 2023However, the terms paid by the anonymous idiosyncratic for the NFT raised questions among the community. Two weeks ago, this point was acquired for 0.95 ETH (around $1600), lone to beryllium sold for a terms a 1000 times higher.
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Moreover, the acquisition was funded from a integer wallet, which has been a portion of the concatenation of transactions, anonymized by the Ethereum coin mixing work Tornado Cash. The caller proprietor of the CrypToadz NFT received 1,115.9 ETH ($1.6 million) connected Oct. 5
Although immoderate Twitter users preferred to suffice the weird acquisition arsenic a “fat digit mistake” during the transaction, it could beryllium an illustration of lavation trading, a maneuver to retreat funds of suspicious root done a agelong concatenation of deals and exchanges.
Tornado Cash is celebrated for its popularity among scammers seeking to lavation their funds. In August 2023, the United States Office of Foreign Assets Control (OFAC) adjacent announced sanctions against the crypto mixer for its alleged relation successful laundering transgression proceeds. However, these sanctions couldn’t wholly chopped disconnected the mixer’s usage.
For example, successful July 2023, astir $60 cardinal successful Ether, stolen from the AnubisDAO 2 years earlier, was moved via Tornado Cash. The idiosyncratic possessing the 13,556 ETH divided and transferred the funds successful 100 ETH transactions.
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