Breaking news about the cryptocurrency hack: Indirect money laundering through Tornado Cash
Details of the attack and money laundering
On June 19, analysts from PeckShieldAlert detected notable activity from the hacker's address that attacked the abracadabra.money platform in March. This address transferred 3,000 ETH, equivalent to nearly 7.5 million USD, to the Tornado Cash service for illegal money laundering activities. Previously, this platform had over 13 million USD stolen in the early March attack.
Analysis of ETH movement
These transactions highlight the sophistication of hackers in concealing traces by leveraging tools like Tornado Cash, a popular lead in cryptocurrency money laundering activities. The hacker's address consistently uses complex transaction chains to liquidate assets, making it difficult for authorities to trace and address illegal activities.
Impact of the attack on the cryptocurrency market
These major hacks not only shake trust but also warn of instability and the sophistication of threats in the cryptocurrency space. Investors need to be more cautious, clearly defining security measures to protect their assets against increasingly complex cyber attacks. The market is still closely monitoring, guarding against widespread money laundering that could lead to stricter regulations from authorities.
Source: https://tintucbitcoin.com/tan-cong-abracadabra-rut-3-000-eth-qua-tornado/
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