DeFi

TempleDAO Hacker Moved Stolen Funds Via Tornado Cash

According to Etherscan data, the hacker of TempleDAO, a scheme that purports to offer sustained revenue through staking, transferred stolen funds via crypto mixer Tornado Cash.

TempleDAO Hacker Moved Stolen Funds Via Tornado Cash 2

Earlier this month, one of TempleDAO’s staking vaults was compromised, resulting in the theft of 1,830 ETH, or about $2.3 million, by a hacker.

A roughly comparable sum of ETH has been sent from an address described as that of the TempleDAO hacker to a Tornado Cash router, according to blockchain data provider Peckshield. This all started with a 0.1 ETH investment just a few hours ago.

This new step in the TempleDAO attack comes after a busy month in the cryptocurrency business. October is already the month with the most crypto money stolen.

So far this month, 11 breaches totaling $718 million have occurred, capping a year that is anticipated to surpass the $3 billion stolen in 2021. These include the recent $100 million theft of Binance’s BNB cross-chain bridge and the $114 million Mango Markets vulnerability on Monday.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.