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News

About 7,499 ETH Were Transferred To Tornado Cash From Deribit Exploiter

November 8, 2022 - Around 1 mins mins to read
Following the $28 million Deribit theft, an unidentified exploiter transfers stolen money via Tornado Cash, a decentralized cryptocurrency mixer.
About 7,499 ETH Were Transferred To Tornado Cash From Deribit Exploiter

PeckShieldAlert tweeted that about 7,499 ETH has been transferred to Tornado Cash from Deribit exploiter via an intermediary address.

The number of funds moved to Tornado Cash is roughly equal to all stolen ETH on the hacker’s address, as its balance amounts to 7,501 ETH. The hacker initially sent 9,080 ETH to the address on November 2.

Deribit formally disclosed that a hot wallet breach on their network resulted in the loss of $28 million in various cryptocurrencies, including Bitcoin. Following the attack, the exchange was forced to freeze all withdrawals while guaranteeing to pay for all losses to assure adequate security.

After the incident, Deribit announced that withdrawals for ETH, BTC and USDC had been reopened.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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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.
News

About 7,499 ETH Were Transferred To Tornado Cash From Deribit Exploiter

Following the $28 million Deribit theft, an unidentified exploiter transfers stolen money via Tornado Cash, a decentralized cryptocurrency mixer.
About 7,499 ETH Were Transferred To Tornado Cash From Deribit Exploiter

PeckShieldAlert tweeted that about 7,499 ETH has been transferred to Tornado Cash from Deribit exploiter via an intermediary address.

The number of funds moved to Tornado Cash is roughly equal to all stolen ETH on the hacker’s address, as its balance amounts to 7,501 ETH. The hacker initially sent 9,080 ETH to the address on November 2.

Deribit formally disclosed that a hot wallet breach on their network resulted in the loss of $28 million in various cryptocurrencies, including Bitcoin. Following the attack, the exchange was forced to freeze all withdrawals while guaranteeing to pay for all losses to assure adequate security.

After the incident, Deribit announced that withdrawals for ETH, BTC and USDC had been reopened.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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