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News

$15 Million Stolen From Eureka Trading Founder Moved To Tornado Cash

April 17, 2023 - Around 3 mins mins to read

Key Points:

  • $15 million worth of stolen property from the founder of Eureka Trading is being buried via Tornado Cash.
  • The action was taken after its owner asked the community to track down the culprit.
  • Kuan Sun’s assets hacked in June 2022 were exchanged for 1935 ETH, 120 WBTC, and 630 through Uniswap, Curve, and SushiSwap.
Hacker Eureka Trading is said to be quickly disposing of all the money stolen via Tornado Cash after the owner recruited talent with a generous reward.
$15 Million Stolen From Eureka Trading Founder Moved To Tornado Cash

As previously updated, Kuan Sun, founder of Eureka Trading, a financial derivatives trading company in the crypto space, said on Twitter that he was stolen by hackers last June for leaking his private key.

Some preliminary IPs and other information were found, but the hacker’s identity remains unknown. He that people or units capable of providing valuable clues can assist in recovery and provide rewards. Hacker’s address: 0xa1ac23be458e14ac0a0003dc1343d2ac575ea3b6.

The reward for the person who provides the hacker identity is attractive with at least 20% of the number of funds. The specific percentage depends on the level of contribution, so at least 3 million USD for those who are qualified.

Following the owner’s massive bounty action, Web3 knowledge graph monitoring platform 0xScope tracked down and detected stolen $15 million worth of Kuan Sun assets being transferred via Tornado Cash to remove traces.

Tornado Cash always seems to be the first choice for removing traces of cryptocurrency attackers despite the regulations of the regulatory authorities.

$15 Million Stolen From Eureka Trading Founder Moved To Tornado Cash

As of last August, under sanctions – challenged in court – U.S. residents are no longer legally allowed to use Tornado Cash. Separately, one of the developers of the service, Alexey Pertsev, is being detained in the Netherlands on suspicion of being “involved in the concealment of criminal financial flows and the facilitation of laundering activities.

But one of the original architects of the Tornado Cash project, Ameen Soleimani, has announced that he will launch a successor to the sanctioned mixer, Privacy Pools, which he says will remain open to the public and allows users to conduct private, largely untraceable transactions while discouraging money laundering and illegal activities.

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

Foxy

Coincu News

News

$15 Million Stolen From Eureka Trading Founder Moved To Tornado Cash

Key Points:

  • $15 million worth of stolen property from the founder of Eureka Trading is being buried via Tornado Cash.
  • The action was taken after its owner asked the community to track down the culprit.
  • Kuan Sun’s assets hacked in June 2022 were exchanged for 1935 ETH, 120 WBTC, and 630 through Uniswap, Curve, and SushiSwap.
Hacker Eureka Trading is said to be quickly disposing of all the money stolen via Tornado Cash after the owner recruited talent with a generous reward.
$15 Million Stolen From Eureka Trading Founder Moved To Tornado Cash

As previously updated, Kuan Sun, founder of Eureka Trading, a financial derivatives trading company in the crypto space, said on Twitter that he was stolen by hackers last June for leaking his private key.

Some preliminary IPs and other information were found, but the hacker’s identity remains unknown. He that people or units capable of providing valuable clues can assist in recovery and provide rewards. Hacker’s address: 0xa1ac23be458e14ac0a0003dc1343d2ac575ea3b6.

The reward for the person who provides the hacker identity is attractive with at least 20% of the number of funds. The specific percentage depends on the level of contribution, so at least 3 million USD for those who are qualified.

Following the owner’s massive bounty action, Web3 knowledge graph monitoring platform 0xScope tracked down and detected stolen $15 million worth of Kuan Sun assets being transferred via Tornado Cash to remove traces.

Tornado Cash always seems to be the first choice for removing traces of cryptocurrency attackers despite the regulations of the regulatory authorities.

$15 Million Stolen From Eureka Trading Founder Moved To Tornado Cash

As of last August, under sanctions – challenged in court – U.S. residents are no longer legally allowed to use Tornado Cash. Separately, one of the developers of the service, Alexey Pertsev, is being detained in the Netherlands on suspicion of being “involved in the concealment of criminal financial flows and the facilitation of laundering activities.

But one of the original architects of the Tornado Cash project, Ameen Soleimani, has announced that he will launch a successor to the sanctioned mixer, Privacy Pools, which he says will remain open to the public and allows users to conduct private, largely untraceable transactions while discouraging money laundering and illegal activities.

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

Foxy

Coincu News

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