Over 1700 ETH Sent to Tornado Cash by Poloniex Hacker

IconCNT16 May, 2024

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Over 1700 ETH Sent to Tornado Cash by Poloniex Hacker

**Chain Security Firm Raises Red Flag as Poloniex Hacker Transfers $5.36 Million in ETH to Tornado Cash** Blockchain security firm PeckShield has detected suspicious activity involving an address believed to belong to the infamous Poloniex exchange hacker. Over the past seven hours, the address has transferred 1790 ETH, worth approximately $5.36 million, to the cryptocurrency mixing protocol Tornado Cash. Tornado Cash is known for its privacy-enhancing features, enabling users to obscure the origin and destination of their cryptocurrency transactions. This latest transfer has raised concerns that the Poloniex hacker may be attempting to launder stolen funds or evade law enforcement. Previously on May 16, 2024, PeckShield reported similar activity by the same address, further indicating the hacker's intent to obfuscate their tracks. Authorities and cryptocurrency exchanges are closely monitoring the situation.

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