Hackers launder $0.5 million linked to DAOMaker hack via Tornado Cash

An Ethereum address associated with the DAOMaker exploit laundered around 500,000 DAI stablecoin. This was independently reported by PeckShield and CertiK.

#CertiKSkynetAlert 🚨

We are seeing a movement of 500,000 $DAI to @TornadoCash from EOA 0x0B789.

The address is directly connected to the DAOMaker exploiter who stole funds from @TheDaoMaker.

Stay safe out there! pic.twitter.com/S22RFcA3N2

— CertiK Alert (@CertiKAlert) September 8, 2022

«PeckShield noted that the address labeled as the DAOMaker hacker transferred 500,000 DAI to Tornado Cash,» the company wrote.

#PeckShieldAlert #Phishing PeckShield has detected the address labeled as DAOMaker Exploiter has transferred 500k $DAI to TornadoCash pic.twitter.com/6VXfkoaCWO

— PeckShieldAlert (@PeckShieldAlert) September 9, 2022

In August 2021, an unknown attacker targeted the DAOMaker platform and unauthorisedly withdrew more than $7 million in USDC.

A year later, the Tornado Cash mixing service was placed on the sanctions list by the U.S. Treasury. The agency suspected the platform had laundered around $7 billion since 2017. More than $455 million of those were linked to North Korean hackers.

Chainalysis said it helped recover cryptocurrency valued at over $30 million from the Ronin sidechain’s $625 million March hack. Hackers had been actively using the popular Ethereum mixer.

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

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