Poloniex hacker transfers $308,000 to Tornado Cash
Poloniex hacker known by the alias oxFd…Fdfd is making a serious dent in the crypto landscape. The hacker moved 100 ETH, whose equivalent was about $308 000, to Tornado Cash address, the first transaction to launder assets stolen from the exchange. Hacker’s first money laundering attempt As distinguished columnist Colin Wu reported, the Poloniex scammer […]
Poloniex hacker known by the alias oxFd…Fdfd is making a serious dent in the crypto landscape. The hacker moved 100 ETH, whose equivalent was about $308 000, to Tornado Cash address, the first transaction to launder assets stolen from the exchange.
Hacker’s first money laundering attempt
As distinguished columnist Colin Wu reported, the Poloniex scammer was traced in a recent fund movement. Rather than directly depositing ETH after the hack into a simple Ethereum wallet, the hacker deliberately transferred his loot to Tornado Cash. This is equally important because the perpetrator now has resorted to laundering stolen assets, which is a very clear indication of the evolving events.
Poloniex exchange initial hack
The Poloniex exchange, which is owned by Justin Sun, was hit badly, and the attackers used a mechanism called ‘replay attack’ to gain access to the customer’s deposit. The perpetrators, allegedly associated with a North Korean hacking outfit, executed a scheme that led to the undetected theft of a whopping $182 million worth of virtual currencies. These assets amount to 15%. A total value of $ 79 million in ETH (563k ETH) was withdrawn.TRX $36.3 million BTCT $32 million, BTCT$23.3 million
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