Hacker Raydium launders $two.seven million by Tornado Cash mixer

A hacker transferred $two.seven million in ETH stolen from the December 2022 Raydium hack by way of Tornado Cash.

Security company Certificate reported that an Ethereum wallet connected to the Raydium hack laundered $two.seven million (about one,774 ETH) into Tornado Cash on Jan. 19.

In December final yr, the decentralized exchange Raydium, on the Solana procedure, suffered the theft of a lot more than $four.four million in assets. Hackers took in excess of soon after compromising the administrator account and made use of the administrator’s signature to manipulate the withdrawal. The attacker then transferred the stolen money to Ethereum.

More than a month soon after the accident, address A wallet labeled a Raydium attacker, transferred $two.seven million to Tornado Cash. This is a favourite location for hackers due to the fact it obscures and erases their transaction historical past.

Tornado Cash has been in the spotlight given that final yr, shortly soon after it was raided by the US Treasury Department’s Office of Foreign Assets Control (OFAC). After the sanctions, all people and organizations residing in the United States are prohibited from interacting with the app. But Tornado Cash continues to be made use of extensively by DeFi hackers.

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