15% of Tornado Deposits Are From Ronin Exploiter: Data

Please fol­low and like us:
Pin Share

The exploiter behind Ronin’s mas­sive $625 mil­lion bridge attack has man­aged to move thou­sands of ETH to pri­va­cy tool Tor­na­do Cash. A month after, what many con­sid­er the largest exploit in DeFi his­to­ry, on-chain data shows that 15% of Tor­na­do deposits are from the Ronin attacker.

This was revealed by Alex Svanevik, CEO of the blockchain ana­lyt­ics plat­form Nansen.

  • On March 23rd, the Axie Infin­i­ty play-to-earn gam­ing plat­form, Ronin net­work, suf­fered an unprece­dent­ed attack that led to the loss of over $625 mil­lion in USDC and Ethereum (ETH).
  • Over the past week, activ­i­ty from the exploiter’s main address, tagged as Ronin Bridge Exploiter on Ether­scan, revealed the con­tin­u­ous move­ment of Ether to dif­fer­ent address­es. The trans­ac­tion his­to­ry showed that twen­ty trans­fers were made to the same Tor­na­do wal­let, each of which sent over 100 ETH.
  • Ear­li­er this week, the Unit­ed States Fed­er­al Bureau of Inves­ti­ga­tion (FBI) revealed that “The Lazarus Group,” asso­ci­at­ed with the Demo­c­ra­t­ic People’s Repub­lic of Korea (DPRK), was behind the attack.
  • The noto­ri­ous group of hack­ers was then sanc­tioned by the Trea­sury Department.
  • Reports sug­gest that the “The Lazarus Group” is known to use illic­it rev­enues for Pyongyang to fund the total­i­tar­i­an nation’s nuclear and bal­lis­tic mis­sile programs.
  • Tor­na­do Cash, which pro­vides trans­ac­tion pri­va­cy by break­ing the on-chain link between source and des­ti­na­tion address­es, has once again come under fire for aid­ing many exploiters to con­ceal their address­es while with­draw­ing fraud­u­lent­ly gained funds.
  • Tansen CEO took a Twit­ter poll and asked the com­mu­ni­ty members,

“Sen­si­tive top­ic but curi­ous on how peo­ple think: What % of funds would have to be from known exploits/hacks/scams for you to stop using Tornado?”

  • Fol­low­ing the attack, Tor­na­do Cash banned the state-spon­sored North Kore­an hack­ing group from using its mix­ing ser­vice. It ear­li­er said that while “main­tain­ing finan­cial pri­va­cy is essen­tial to pre­serv­ing our free­dom,” how­ev­er, it should not come at the cost of non-compliance.
SPECIAL OFFER (Spon­sored)

Binance Free $100 (Exclu­sive): Use this link to reg­is­ter and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Spe­cial Offer: Use this link to reg­is­ter & enter POTATO50 code to receive up to $7,000 on your deposits.



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *