Hacker Launders $3.6M in ETH Through Tornado Cash After Stealing $55.4M

Hacker Launders Stolen Crypto Through Tornado Cash In a recent cyberattack, a hacker drained $3.6 million worth of Ethereum (ETH) to the cryptocurrency transaction mixing protocol Tornado Cash. This action follows the attacker's earlier theft of 55.4 million DAI, a stablecoin pegged to the US dollar. Phishing Scammer Behind the Attack Blockchain security firm PeckShield traced the attack to a phishing scammer address responsible for the initial theft of DAI. The attacker transferred 900 ETH, worth approximately $3.6 million, to Tornado Cash in an attempt to launder the stolen funds. Implications for Cryptocurrency Security This incident highlights the growing threat of phishing scams and the use of cryptocurrency mixing services to conceal stolen funds. It emphasizes the need for cryptocurrency users to exercise caution and protect their assets from such attacks.