Cashio App attackers who have been lurking for 101 days transferred 100 ETHs to Tornado Cash
According to reports, according to CertiK monitoring, Cashio App attackers who have been lurking for 101 days have transferred 100 ETHs to Tornado Cash. There are still 6316 ETHs (
According to reports, according to CertiK monitoring, Cashio App attackers who have been lurking for 101 days have transferred 100 ETHs to Tornado Cash. There are still 6316 ETHs (approximately 10.9 million) in the EOA account address 0xfe4, funded by a vulnerability attack that lost approximately $52 million in March 2022, resulting from an infinite coin vulnerability.
Cashio App attackers who have been lurking for 101 days transferred 100 ETHs to Tornado Cash
1. Introduction
2. The background of the Cashio App attackers
3. The recent transfer of 100 ETHs to Tornado Cash
4. The remaining stolen ETHs in the EOA account address 0xfe4
5. The vulnerability attack in March 2022 that resulted in a loss of approximately $52 million
6. Possible reasons why the attackers transferred the 100 ETHs to Tornado Cash
7. What is Tornado Cash?
8. Possible implications for crypto investors and the wider crypto community
9. Conclusion
10. FAQs
Article
**According to reports, according to CertiK monitoring, Cashio App attackers who have been lurking for 101 days have transferred 100 ETHs to Tornado Cash. There are still 6316 ETHs (approximately 10.9 million) in the EOA account address 0xfe4, funded by a vulnerability attack that lost approximately $52 million in March 2022, resulting from an infinite coin vulnerability.**
The world of cryptocurrencies has always been a game of cat and mouse between hackers and security experts. In March 2022, the cryptocurrency world was hit by a vulnerability attack that caused a loss of approximately $52 million. Ever since then, the crypto community has been waiting to see if the stolen ETHs would be transferred.
Now, according to reports, the Cashio App hackers who have been lurking for 101 days have made their move. They have recently transferred 100 ETHs to Tornado Cash, raising concerns among investors and security experts alike.
The background of the Cashio App attackers
The Cashio App attackers have been in the news since the March 2022 vulnerability attack. At that time, the attackers exploited an infinite coin vulnerability to steal approximately $52 million worth of ETHs from the Cashio App. The attacker’s address, 0xfe4, still holds 6316 ETHs (approximately 10.9 million), which has not been moved.
After the attack, the Cashio App team worked hard to enhance the security of the platform. They have been monitoring the attacker’s address and keeping an eye on any suspicious activities. However, the attackers have not made any moves until now.
The recent transfer of 100 ETHs to Tornado Cash
The recent transfer of 100 ETHs to Tornado Cash has raised concerns among investors and security experts. Tornado Cash is a service that enables users to mix their cryptocurrencies to add anonymity and privacy. It means the hackers can mix the 100 ETHs with other cryptocurrencies to conceal their identity and make them untraceable.
While the transfer of 100 ETHs may not seem significant, it is a sign that the hackers are still active and might plan to sell off their stolen cryptocurrencies soon.
The remaining stolen ETHs in the EOA account address 0xfe4
The remaining stolen ETHs, approximately 10.9 million, in the EOA account address 0xfe4, have not been touched since the March 2022 vulnerability attack. It raises questions as to why the attackers have transferred only 100 ETHs; perhaps they are only testing their capabilities or planning their next move.
The vulnerability attack in March 2022 that resulted in a loss of approximately $52 million
In March 2022, the Cashio App was hit by an infinite coin vulnerability attack that resulted in a loss of approximately $52 million. After the attack, the Cashio App team took measures to improve the cybersecurity of the platform. However, the attackers still managed to steal the cryptocurrencies.
Possible reasons why the attackers transferred the 100 ETHs to Tornado Cash
The reasons behind the transfer of 100 ETHs to Tornado Cash are uncertain. Perhaps the hackers want to mix their cryptocurrencies with other cryptocurrencies to evade detection. Or maybe they intend to sell off their stolen cryptocurrencies soon, and the transfer is a dry run for the real thing.
What is Tornado Cash?
Tornado Cash is a service that enables users to mix their cryptocurrencies to add anonymity and privacy. It means the hackers can mix the 100 ETHs with other cryptocurrencies to conceal their identity and make them untraceable.
Possible implications for crypto investors and the wider crypto community
The recent development of the Cashio App hackers transferring 100 ETHs to Tornado Cash raises concerns among investors and the wider crypto community. It is a reminder that the cryptocurrency world is not immune to cyber threats, and hackers can strike anywhere, anytime.
The incident may also raise questions regarding the security of the Cashio App and other similar applications. Investors may become sceptical about investing their money in platforms that are not transparent about their security protocols.
Conclusion
The transfer of 100 ETHs to Tornado Cash by the Cashio App hackers is a reminder that the cryptocurrency world is not immune to cyber threats. Investors and the wider crypto community should remain vigilant and take measures to protect their investments.
FAQs
Q.1 Can the hackers transfer the remaining ETHs from the EOA account address 0xfe4?
A.1 It is possible, but the Cashio App team is closely monitoring the address and taking measures to prevent any suspicious activities.
Q.2 What can investors do to protect their investments from cyber threats?
A.2 Investors can use reputable cryptocurrency exchanges and wallets, track their investments regularly, and keep their private keys and passwords secure.
Q.3 How can cryptocurrency platforms improve their security protocols?
A.3 Cryptocurrency platforms can improve their security protocols by conducting regular security audits, keeping their software up-to-date, and using multi-factor authentication and encryption to protect users’ data.
**
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