Fiendish Hacker Launders Stolen Funds Through Tornado Cash
Tuesday, 7 May 2024, 06:10
Latest Update on Poloniex Hacker
The hacker responsible for last year's Poloniex breach made headlines again by transferring 1,100 ETH ($3.4 million) to the sanctioned Tornado Cash mixer. This act has drawn attention to the murky world of crypto money laundering.
Insights into Money Laundering Techniques
- The hacker's use of Tornado Cash underscores the challenges of tracing illicit funds in the decentralized crypto space.
- Regulators are facing an uphill battle in combating such sophisticated techniques.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.