According to on-chain data analyst Yu Jin’s monitoring, the Bitrue hacker has caused a huge stir in the cryptocurrency market. At present, the hacker has purchased 3,000 ETH with 8.304 million DAI. What is even more alarming is that he has also conducted money laundering operations on 4,600 ETH (approximately 12.65 million US dollars) through Tornado Cash.
Tornado Cash, as a well-known cryptocurrency mixer, is often used by lawbreakers to hide the flow of funds and evade tracking. This time, hackers laundered a large amount of ETH with the help of Tornado Cash, undoubtedly increasing the difficulty of tracking stolen funds and sounding the alarm for the security of cryptocurrency transactions. As of now, the hacker’s address still holds 8.04 million DAI and 3,510 ETH. The subsequent dynamics of his fund transfer have drawn much attention.
In recent years, the cryptocurrency industry has witnessed frequent hacking incidents, and security issues have always been a key threat to the industry’s development. This series of operations by the Bitrue hacker not only caused losses to Bitrue platform users but also raised widespread concerns in the market about the security of cryptocurrency assets. How to enhance the security protection of trading platforms and improve the blockchain fund tracking technology has become an urgent problem to be solved in the industry. It is also worth continuous attention whether the subsequent regulatory authorities will adopt stricter regulatory measures for coin-mixing tools such as Tornado Cash.
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