Hackers Launder Over $145 Million in Ether Through Heco Bridge Exploitation

Friday, 22 March 2024, 11:02

The recent cyber incident involving the exploitation of the Heco bridge has resulted in the laundering of a significant amount of ether valued at over $145 million. Hackers utilized the crypto mixer Tornado Cash to obscure their activities over an eight-day period. This sophisticated laundering operation highlights the vulnerabilities in decentralized systems and the challenges posed by cybercriminals.

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Cybercrime Hits Heco Bridge

Hackers who exploited the Heco bridge in November have laundered more than 40,000 ether via crypto mixer Tornado Cash over the past eight days.

Escaping Detection

The laundering operation utilized the anonymity provided by Tornado Cash, making it difficult to trace the flow of funds.

Amount Laundered: Over $145 million worth of ether
Duration: Eight days
Challenges: Highlighting vulnerabilities in decentralized systems

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.

Cybercrime Hits Heco Bridge

Escaping Detection

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