A total of 624.3 ETH, valued at approximately $1.03 million, has been discreetly transferred to Tornado Cash. This strategic maneuver adds another layer of complexity to the aftermath of the attack, leaving the crypto community intrigued and concerned.
⚠️ MistTrack Fund Alert⚠️
So far, the @steadefi exploiter has transferred 624.3 $ETH to Tornado Cash.https://t.co/hWEfsajhTP pic.twitter.com/VuJss7IZCG
— MistTrack🕵️ (@MistTrack_io) August 29, 2023
The incident, which shook the crypto world, initially came to light on August 8 when Steadefi suffered a significant financial setback. At that time, it was revealed that the attack had inflicted a staggering loss of around $1.1 million. Now, with the discovery of the 624.3 ETH migration to Tornado Cash, questions are multiplying regarding the attackers’ motives and their intentions moving forward.
MistTrack’s monitoring capabilities have been instrumental in uncovering this latest development. Their vigilant surveillance of blockchain transactions has provided a crucial insight into the movements within the cryptocurrency landscape. As the situation unfolds, stakeholders are left contemplating the broader implications of this transfer. The shift of assets to Tornado Cash not only underscores the sophistication of the attackers but also prompts discussions about the overall security and vulnerability of DeFi platforms.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
