Golden Finance News: On-chain data analyst Yu Jin’s monitoring shows that the hacker who once stole from the Bitrue trading platform is currently conducting a series of complex fund transfer operations, attempting to confuse the flow of assets. The hacker exchanged DAI stablecoins worth 16.345 million for ETH and carried out fund cleaning through the Tornado Cash mixed coin platform.
Looking back at the incident, in April 2023, the hacker stole multiple tokens worth up to 23 million US dollars from the Bitrue trading platform at that time. After succeeding, the hackers quickly converted these stolen assets into ETH, completing the first round of asset transfer. By March 2024, the hacker sold the 4,207 ETH he held at a unit price of $3,885, successfully obtaining 16.345 million DAI and completing the secondary conversion of the assets.
One hour ago, hackers took action again, transferring the DAI and ETH they held to a new blockchain address. Subsequently, a large amount of DAI was converted into ETH. Ashes monitoring data indicates that currently hackers are using the Tornado Cash platform to conduct coin mixing operations on the exchanged ETH. Tornado Cash, as a well-known coin mixing platform, is renowned for its ability to confuse the sources and destinations of cryptocurrency transactions, which brings great difficulties to tracking the flow of stolen funds.
After the Bitrue trading platform was hit by this hacking attack, it took a series of measures to deal with it, including freezing relevant accounts and strengthening security protection. However, the continuous operations of the hackers have demonstrated the complexity of its anti-tracking methods. For the cryptocurrency industry, such incidents have once again sounded the alarm for security. How to effectively prevent hacker attacks, enhance the security protection of trading platforms, and how to use blockchain technology to track and recover assets after they are stolen have become urgent problems to be solved. Meanwhile, the role of mixed-currency platforms like Tornado Cash in cryptocurrency money laundering has also drawn high attention from regulatory authorities and industry participants. How to strike a balance between protecting user privacy and preventing illegal capital flows has become an important challenge faced by the industry.
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