1,100 ETH robbery from crypto hacker: What's going on?
The transfer transactions of the hacker who attacked the cryptocurrency exchange Poloniex created panic in the users.
According to onchain data from security firm PeckShield, the hacker responsible for last year's Poloniex attack transferred 1,100 #Ethereum (ETH), worth approximately $3.4 million, to US-sanctioned cryptocurrency mixer Tornado Cash in an attempt to launder the stolen funds.
Poloniex was emptied of $100 million during an attack on one of its hot wallets in November last year. Services like Tornado Cash are often used by cybercriminals to hide the trail of stolen cryptocurrency.
This attack is widely accepted to be the work of North Korea's Lazarus Group, a notorious state-sponsored hacking organization that has previously carried out high-profile attacks including a $600 million hack on the Ronin sidechain. In an earlier onchain message, Poloniex offered the attacker a 5 percent reward (about $5 million) to return the remaining 95 percent of the stolen funds.
In a separate transaction involving Tornado Cash, an attacker linked to the $26 million hack at Kronos Research transferred 200 ETH today, PeckShield noted. Notably, Kronos Research also fell victim to the attack in November last year, but it remains unclear whether the two incidents are directly linked.
This move by the Poloniex crypto attacker caused concern not only among exchange users but also in the crypto market in general.
