Hackers Launder $145.7M Ethereum Through Tornado Cash, Tracing Back to Heco Bridge Incident
Saturday, 23 March 2024, 18:45
Summary:
The hackers behind the Heco Bridge breach, linked to Justin Sun's Tron (TRX) project, have successfully concealed $145.7 million worth of Ethereum (ETH) through the blacklisted Tornado Cash (TORN) mixer.
Key Points:
- Heco Bridge Hack: Thieves target the Heco Bridge platform, responsible for transferring assets to and from the decentralized Tron blockchain.
- Crypto Money Laundering: The stolen ETH is passed through Tornado Cash, a known mixer used to obfuscate transaction trails.
- Concerns in the Crypto Community: The large sum exposed in this laundering scheme raises alarm bells for security and regulatory authorities.
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.