Orbit Chain Hackers Transfer $47.7 Million in ETH to Tornado Cash Mixer

Orbit Chain Hackers Transfer $47.7 Million in ETH to Tornado Cash Mixer

Hackers Move Stolen Funds to Privacy Mixer Orbit Chain hackers have transferred 12,932 ETH (approximately $47.7 million) to a new address and subsequently moved the entire sum to Tornado Cash, a privacy-focused crypto mixing protocol, according to data from blockchain analytics firm Arkham Intelligence. This latest transaction brings the hacker's total crypto asset holdings to around $71.2 million, including $51.1 million in ETH. The hack, which occurred earlier this year, drained Orbit's ETH bridge of $81 million. Tracing the Funds Blockchain analysis tools have enabled investigators to trace the movement of the stolen funds. The hackers initially transferred the ETH to a new address before sending it to Tornado Cash, which allows users to obfuscate their transaction history. Security Concerns Raised The Orbit bridge hack and the subsequent transfer of funds to Tornado Cash have raised concerns about the security of cross-chain bridges. Bridges facilitate the transfer of assets between different blockchains but can be vulnerable to attack if not properly secured. Ongoing Investigation Law enforcement and security researchers continue to investigate the Orbit bridge hack and the movement of the stolen funds. The use of privacy-enhancing technologies, such as Tornado Cash, poses challenges for investigators seeking to track down the perpetrators.