The hackers who struck Heco Bridge, a project linked to Tron (TRX) founder Justin Sun, have been funneling their stolen Ethereum (ETH) into the sanctioned crypto mixer Tornado Cash (TORN).
The blockchain security firm PeckShield notes the exploiters sent 40,391.8 ETH worth approximately $145.7 million to Tornado Cash in the past eight days.
In November, hackers hit Heco Bridge and the crypto exchange giant HTX, both of which are linked to Sun. According to cybersecurity firm Cyvers, the protocols were hacked to the tune of a combined $100 million – $86 million of which came from the Heco Bridge.
Heco Bridge moves funds between Ethereum and the energy-saving blockchain Heco Chain.
Tornado Cash is an Ethereum-based coin mixing system that helps users conceal their digital assets.
The controversial project was sanctioned by the US in 2022 for national security purposes. One of its founders, Roman Storm, was arrested last year and charged by the U.S. Department of Justice (DOJ) for allegedly laundering $1 billion in criminal proceeds, including hundreds of millions of dollars for the Lazarus Group, the sanctioned North Korean cybercriminal outfit.
The DOJ also charged Tornado Cash co-founder Roman Semenov, though he remains at large.
Additionally, one of the project’s developers, Alexey Pertsev, was arrested in the Netherlands on money laundering charges in 2022.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Heco Bridge Exploiters Funnel $145,700,000 Worth of Ethereum Into the Crypto Mixer Tornado Cash: PeckShield appeared first on The Daily Hodl.
