Hackers Moved $500K Stolen Funds To Tornado Cash Undermining The Ban
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The previously sanctioned crypto mixer app Tornado Cash used to increase the anonymity of crypto funds for privacy concerns, still is being used by hackers. Two blockchain security and research firms, Peckshield and Certik, have detected the transfer of stolen funds of the DAI Maker exploit that happened in August 2021 and lost over $7 million funds in ERC20 tokens and other stablecoins.
As per the announcement of Certik, 500,000 DAI tokens linked to the victim defi project DAO Maker, which facilitates crowdfunding in crypto, were sent to the banned Ethereum mixer service Tornado on September 08.
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