Source: blockchain.news
According to block explorer data, Etherscan, the attacker behind the TempleDAO hack, has moved the stolen funds through the recently sanctioned crypto mixer Tornado Cash.
This information was first revealed by blockchain data firm PeckShield on Sunday. An approximate amount of ETH was seen transferred from a Address it is supposed to be the one from the TempleDAO hacker to the Tornado Cash platform. The transaction started with a deposit of 0.1 and ETH was produced within hours on Sunday.
Tornado Cash is an Ethereum-based crypto mixer used to anonymize transactions on the Ethereum blockchain. In August, the platform was sanctioned by the US Treasury Department’s Office of Foreign Assets Control (OFAC).
Stating that the crypto mixer is mostly associated with high-profile hacks, such as the Ronin and Harmony breaches. Specifically, OFAC claimed that the crypto mixer benefited North Korea’s Lazarus Group and that the platform has been used to launder hundreds of millions of dollars worth of crypto since its launch.
Last week, TempleDAO, a protocol staking platform, suffered a hack in one of its staking vaults. As seen on Etherscan, the hacker made off with 1,830 ETH, which was roughly $2.3 million at the time.
Notably, this hack comes amid the surge in cryptocurrency hacks this month. According to new Chainanalysis dataOctober 2022 is the month with the highest hacking activity in history.
Source: Chainanalysis
The data claimed that approximately 11 hacks worth $718 million occurred this month alone. Chainanalysis stated, “At this rate, 2022 will likely overtake 2021 as the biggest year for hacking on record.”
Last week, the Mango Market trading and lending platform suffered an exploit that occurred through an Oracle price manipulation attack. Additionally, on Oct. 6, popular cryptocurrency exchange Binance confirmed a BNB cross-chain bridge hack with approximately $100 million worth of Binance Coin (BNB) stolen due to the vulnerability.
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