DeltaPrime Hacker Moves Stolen Funds to Tornado Cash
CryptoNewsTerminal Staff16 Sep, 2024
DeltaPrime Hacker Moves Stolen Funds to Tornado Cash
DeltaPrime, a DeFi project in the Avalanche and Arbitrum ecosystems, recently reported a hack resulting in the theft of $5.98 million. According to blockchain security firm Cybers Alert, the stolen funds have since been transferred to Tornado Cash, a cryptocurrency mixing protocol. Tornado Cash allows users to obscure the origin and destination of their transactions, making it difficult to trace the flow of funds. This transfer suggests that the hacker may be attempting to launder the stolen money. DeltaPrime has not yet released any further information about the hack or the investigation into it. It is vital for DeFi projects to prioritize security measures and work together to prevent future attacks.
