$63M From $282M Crypto Wallet Hack Routed Through Tornado Cash

Key Highlights:

  • On January 19, CertiK reported $63 million moved to Tornado Cash following the $282 million crypto wallet theft on January 10.
  • The stolen funds, including BTC and LTC, were converted to Monero and ETH using cross-chain swaps and mixers.
  • CertiK detected at least 686 BTC bridged into 19,600 ETH, then split and routed through Tornado Cash for money laundering.
  • Blockchain investigator ZachXBT indicated the attacker used social engineering tactics to execute the theft.
  • Marwan Hachem of FearsOff described the method as a "textbook" approach for obscuring transactions and complicating fund recovery.
  • Tornado Cash was highlighted as a significant tool for erasing transaction traces, reducing chances of asset recovery to near zero.