A hacker involved in last year’s massive hack of Poloniex crypto exchange has reportedly transferred 1,100 Ethereum (ETH), valued at approximately $3.4 million, to the U.S.-sanctioned cryptocurrency mixer Tornado Cash in an attempt to launder the stolen funds. The movement of funds came to light following the on-chain data analysis conducted by security firm PeckShield. […]
The post Poloniex Hacker Transfers Money to Tornado Cash for the First Time appeared first on Coin Edition.
- The Poloniex hacker moved 1,100 ETH to Tornado Cash, as per PeckShield.
- WuBlockchain confirmed that this is the first time the funds have been moved.
- Poloniex was hacked in November of last year for $100 million.
A hacker involved in last year’s massive hack of Poloniex crypto exchange has reportedly transferred 1,100 Ethereum (ETH), valued at approximately $3.4 million, to the U.S.-sanctioned cryptocurrency mixer Tornado Cash in an attempt to launder the stolen funds.
The movement of funds came to light following the on-chain data analysis conducted by security firm PeckShield. Notably, WuBlockchain also broke the news, confirming that this is the first time the hacker has transferred the funds to Tornado Cash to launder the money.
Poloniex, a major cryptocurrency exchange, fell victim to a substantial hack in November last year, resulting in the loss of $100 million from one of its hot wallets. Mixing services like Tornado Cash are often utilized by cybercriminals to obscure the trail of stolen cryptocurrency, making it harder for law enforcement agencies to track illicit transactions.
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The post Poloniex Hacker Transfers Money to Tornado Cash for the First Time appeared first on Coin Edition.
