Sonne Finance Hacker Launders $5.6 Million in Stolen ETH via Tornado Cash
CryptoNewsTerminal Staff27 May, 2024
Sonne Finance Hacker Launders $5.6 Million in Stolen ETH via Tornado Cash
Sonne Finance, an Optimism-based DeFi protocol, was recently exploited for over $20 million. According to SlowMist MistTrack, the attacker has now deposited 1600 ETH, worth around $5.6 million, into the crypto mixing protocol Tornado Cash. This move suggests that the attacker is attempting to launder the stolen funds and make it harder to track their origin. Tornado Cash is a popular tool for criminals to hide their ill-gotten gains, as it allows users to break their transactions into smaller, untraceable amounts. Sonne Finance has confirmed the exploit and is working with law enforcement and security experts to investigate the incident and recover the stolen funds. It is crucial for DeFi platforms to implement robust security measures to prevent such attacks and protect user assets.
