Poloniex Hackers Launder More Funds, Transferring $12.8 Million ETH to Tornado Cash

IconCNT15 May, 2024

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Poloniex Hackers Launder More Funds, Transferring $12.8 Million ETH to Tornado Cash

**Blockchain security firm PeckShield reported via X that "Poloniex hackers transferred 4400 ETH (about $12.8 million) to the cryptocurrency mixing protocol Tornado Cash (TORN). To date, a cumulative 22,000 ETH (about $66.3 million) has been transferred to Tornado Cash."** This latest transfer of stolen funds follows a series of similar transactions made by the Poloniex hackers in recent weeks. On May 15, the hackers transferred 4400 ETH to Tornado Cash, and on May 16, they transferred another 11,200 ETH. The use of Tornado Cash by the Poloniex hackers is a significant development, as it makes it more difficult to track the stolen funds. Tornado Cash is a privacy-focused cryptocurrency mixing service that allows users to匿名化their transactions. This makes it more difficult for law enforcement and investigators to trace the movement of stolen funds. The Poloniex hack is a reminder of the importance of keeping your cryptocurrency safe. If you are holding cryptocurrency, it is important to store it in a secure wallet and to take steps to protect your private keys. **Previously on May 15, 2024, PeckShield reported that the Poloniex hackers had transferred 4400 ETH to Tornado Cash.**

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