Hundred Finance Hacker Moves $8.6 Million ETH Through Tornado Cash
CryptoNewsTerminal Staff03 Jun, 2024
Hundred Finance Hacker Moves $8.6 Million ETH Through Tornado Cash
According to blockchain sleuths, the infamous Hundred Finance hacker has executed a transaction transferring 2,266.3 ETH (approximately $8.6 million) to Tornado Cash, a cryptocurrency mixing protocol designed to enhance transaction privacy. Notably, Hundred Finance suffered a significant exploit on April 15, 2021, resulting in the loss of cryptocurrencies worth $7 million. The latest movement of funds has raised concerns, as it suggests the hacker may be attempting to launder their illicit gains. Tornado Cash has gained notoriety for its use in obfuscating the origin and destination of cryptocurrency transactions, making it a preferred tool for cybercriminals seeking to conceal their activities. Law enforcement agencies and blockchain analysis firms are actively monitoring the situation, aiming to trace the hacker's movements and recover the stolen funds. This incident highlights the ongoing battle against cryptocurrency-related crime, emphasizing the need for robust security measures and collaborative efforts to combat illicit activities in the digital asset space.
