Tornado Cash Laundered $0.5 Million Related to DAOMaker Hack

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The Ethereum address associated with the DAOMaker protocol exploit laundered about 500,000 in the DAI stablecoin. This was independently reported by experts from PeckShield and CertiK.

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“PeckShield has determined that an address labeled as a DAOMaker hacker transferred 500,000 DAI to Tornado Cash,” the company wrote.

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In August 2021, an unknown person attacked the DAOMaker platform and illegally withdrew more than $7 million in USDC stablecoin.

A year later, the mixing service Tornado Cash was placed on the U.S. Treasury’s sanctions list. The agency suspected the platform of laundering about $7 billion since 2017. Over $455 million of them were associated with North Korean hackers.

Recall that Chainalysis said that they helped recover a cryptocurrency worth more than $30 million from a $625 million Ronin sidechain stolen during the March hack. Hackers actively used the popular Ethereum mixer.

₿liteZero researcher from SlowMist also confirmed that the attackers used Tornado Cash to launder funds stolen from the network of the Axie Infinity game.

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Source: Cryptocurrency

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