🚨 Security Alert! An alleged hack has affected the Sui network, with an estimated $29 million stolen 🤯. Blockchain researcher ZachXBT has revealed that the stolen funds were transferred from Sui to Ethereum via Bridgers and then deposited into Tornado Cash 📊.
Analysis of the event:
The hack highlights the importance of security in blockchain networks and the need to improve tracking and monitoring capabilities to prevent and respond to such incidents 🚫.
The transfer of stolen funds to Tornado Cash suggests that the attackers are attempting to launder the money and hide their trail, which may be a challenge for authorities and investigators 🕵️♂️.
The victim's response, transferring their .sui domain to a new, unaffected address, may be a step to mitigate the damage and prevent future attacks 🛡️.
