BUNNY Exploiter Launders Stolen $2.9M ETH Through Tornado Cash After 3-Year Hiatus

IconCryptoNewsTerminal Staff08 Jul, 2024

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BUNNY Exploiter Launders Stolen $2.9M ETH Through Tornado Cash After 3-Year Hiatus

The hacker responsible for the 2021 flash loan attack on PancakeBunny (BUNNY) has resurfaced, laundering $2.9 million worth of ETH through Tornado Cash. Three years ago, the attacker drained PancakeBunny of 697,000 BUNNY and 114,000 BNB, leading to the project's disbandment and transition to a DAO structure. The recent deposit into Tornado Cash suggests that the hacker may be attempting to cash out their ill-gotten gains. Tornado Cash is a privacy tool that allows users to obscure the origin of their cryptocurrency transactions. This incident highlights the ongoing risks associated with DeFi and the challenges faced by projects in recovering stolen funds.

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