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$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.