BNQ Attack Suspect Transfers Stolen Funds to Tornado Cash
It is reported that according to CertiK monitoring, the black address (0xdf790) in the BNQ attack has transferred the funds to Tornado Cash. There are 180 BNBs…
It is reported that according to CertiK monitoring, the black address (0xdf790) in the BNQ attack has transferred the funds to Tornado Cash. There are 180 BNBs (about $54000) in the address, and 120 BNBs (about $35400) have been transferred to Tornado Cash.
The black address (0xdf790) in the BNQ attack has transferred the funds to Tornado Cash
Interpretation of the news:
According to recent reports, a black address involved in the BNQ attack has transferred stolen funds to Tornado Cash. The BNQ attack, which occurred on the Binance Smart Chain, saw the exploitation of a major vulnerability in the project’s smart contract, which allowed the attacker to drain large amounts of funds from the platform.
CertiK, a leading provider of blockchain security solutions, has been monitoring the situation closely since the attack occurred. They have now confirmed that the black address, which previously held 180 BNBs (approximately $54,000), has transferred 120 BNBs (approximately $35,400) to Tornado Cash.
Tornado Cash is a popular privacy-focused cryptocurrency mixer that enables users to anonymize their transactions. By transferring the stolen funds to this platform, the attacker can effectively hide their tracks and make it difficult for law enforcement agencies to trace the funds back to them.
While the transfer of funds to Tornado Cash may signal the end of the road for law enforcement officials seeking to recover the stolen funds, it is important to note that this is not a unique occurrence in the world of cryptocurrencies. In fact, the use of privacy-focused platforms like Tornado Cash has become increasingly common in recent years, as more and more users seek to protect their identities and financial transactions on the blockchain.
Despite this, CertiK and other blockchain security firms have developed advanced monitoring tools and forensic techniques to track down cyber criminals and recover stolen funds. These efforts have been successful in many cases, but they require strong cooperation between security firms, law enforcement agencies, and cryptocurrency exchanges.
In summary, the transfer of stolen funds to Tornado Cash highlights the need for increased vigilance in the cryptocurrency industry. While the use of privacy-focused platforms can protect users from prying eyes, it can also make it easier for criminals to evade justice. As the popularity of cryptocurrencies continues to grow, it is important for all stakeholders to work together to ensure the safety and security of the blockchain ecosystem.
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