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BonqDAO Exploiter Launders $2 Million Through Tornado Cash

Published 02/03/2023, 12:56 PM
Updated 02/03/2023, 01:00 PM
BonqDAO Exploiter Launders $2 Million Through Tornado Cash

  • The exploiter behind the $120 million attack on BonqDAO has started laundering the stolen funds.

  • More than 1500 ETH have been sent to Tornado Cash.

  • Over $2 million worth of stolen funds have been routed through mixing and swapping services.

The exploiter responsible for the $120 million attack on BonqDAO has started routing the stolen funds through mixing and swapping services. The Bonq protocol lost millions yesterday following an oracle hack that manipulated the price of the AllianceBlock token (ALBT).

Blockchain security firm PeckShield tweeted earlier today that the exploiter had sent 1 ETH to the popular Ethereum mixer Tornado Cash. The modest transfer is believed to be an attempt to test the laundering of stolen funds, to likely gauge the response of on-chain analysts that watch out for such transactions.

This transfer was followed by a bigger one, precisely 700 ETH worth $1.14 million at the time. After transferring the ETH, the exploiter sw…

The post BonqDAO Exploiter Launders $2 Million Through Tornado Cash appeared first on Coin Edition.

See original on CoinEdition

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