The Penpie hacker remains active, continuing to funnel stolen Ethereum through Tornado Cash despite being offered a white hat bounty.
To date, the hacker has transferred 4,000 ETH, worth approximately $9.66 million, to Tornado Cash from address 0xd44. They still retain 7,263 ETH, valued at $17.9 million, in their known wallets.
[Update] 🚨 #Penpie hacker continues transferring $ETH to #TornadoCash despite being offered a white hat bounty!
So far, the hacker has sent 4,000 $ETH ($9.66M) to Tornado Cash via address 0xd44, leaving 7,263 $ETH ($17.9M) in their known wallets.
The Penpie team has offered… https://t.co/xI22KWGC6m pic.twitter.com/c9Ss7i8lMf
— Spot On Chain (@spotonchain) September 5, 2024
PENDLE Team Makes On-Chain Bounty Offer For The HackerÂ
Penpie’s team made an on-chain offer for a bounty in hopes of recovering the stolen funds, but it appears the hacker has no intention of returning the assets.
🚨ALERT🚨@WazirXIndia hacker just transferred 5K $ETH $12M to a new address at https://t.co/1XC2UjzNun
Want to keep your company off our alerts radar? Learn how to secure your assets: Book a Demo 🚀 https://t.co/uUbFkFTp4h#CyversAlert https://t.co/egLcmhaYYb pic.twitter.com/Uul4fGh9Pw
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 5, 2024
In a separate incident, the hacker behind the WazirXIndia breach has begun laundering stolen funds through Tornado Cash as well. Today, the hacker moved 5,000 ETH, equivalent to $12 million, to a new address, with $2 million already deposited into Tornado Cash.
🚨UPDATE🚨The @WazirXIndia hacker has started laundering stolen funds via @TornadoCash!
$2M already deposited to @TornadoCash at https://t.co/1XC2UjzNun
Want to keep your company off our alerts radar? Learn how to secure your assets: Book a Demo 🚀 https://t.co/uUbFkFTp4h… https://t.co/XlVGEVGb6K pic.twitter.com/BXKS9kWc77
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 5, 2024
These ongoing activities highlight the challenges of tracing and recovering stolen cryptocurrency, even with efforts to incentivize the return of stolen assets. The continued use of privacy-enhancing tools like Tornado Cash complicates the situation for affected parties and law enforcement agencies working to track and mitigate the impact of these breaches.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: Max Bender/Unsplash // Image Effects by Colorcinch
