Hacker Transfers $3 Million in ETH from UdWu Lend to Tornado Cash

IconCryptoNewsTerminal Staff05 Jul, 2024

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Hacker Transfers $3 Million in ETH from UdWu Lend to Tornado Cash

UdWu Lend Hacker Transfers $3 Million in ETH to Tornado Cash The hacker who stole millions from the UdWu Lend DeFi protocol has moved 1,004 ETH (or $3 million) to Tornado Cash, an Ethereum privacy tool, according to blockchain forensics firm PeckShield. This transaction suggests the hacker is attempting to launder the stolen funds by mixing them with other ETH in Tornado Cash. The mixer makes it difficult to track the origin of funds and has been used in the past by criminals to hide their illicit gains. This incident highlights the need for decentralized finance protocols to implement strong security measures to protect themselves from hackers.

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