Tornado Cash hacker laundered $900K in assets through the same crypto-exchanger

Tornado Cash hacker laundered $900K in assets through the same crypto-exchanger

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Author: Robert Strickland (crypto-journalist)
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Tornado Cash hacker laundered $900K in assets through the same crypto-exchanger
Tornado Cash hacker laundered $900K of assets through the same crypto mixer, which was withdrawn during the attack.
The attacker who seized control of the crypto mixer refused to control the protocol but used it to disguise the funds withdrawn during the attack

The hacker who seized control of crypto mixer Tornado Cash refused to control the service, but used the protocol to launder digital tokens from the attack, Bloomberg writes, citing data from research firm Nansen.

The Tornado Cash project was attacked on the morning of May 20. He emitted 483,000 native tokens of the TORN protocol, which gave him the majority of votes in the management system.

On May 26, the hacker offered to call off his attack and return control to the Tornado Cash community, but while the protocol was under his control, he exchanged most of his tokens for Ethereum coins and then laundered about $900k in them through Tornado Cash.

TORN's price was around $6.4 before the hack. By May 29, it was down to $4. According to CoinGecko, the token has fallen in price by 37% since the hack, and by 10% in the last 24 hours.

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