An address associated with the Nomad Bridge exploit transferred 14,500 ether to Tornado Cash, indicating attempts to obscure the funds’ origin.
Points
- Address tied to Nomad Bridge exploit transfers $35 million in ether to Tornado Cash.
- The transfer suggests efforts to obscure the origin of the stolen funds.
- The Nomad Bridge exploit resulted in the loss of $190 million in August 2022.
- Tornado Cash is a controversial crypto mixer that complicates tracking fund sources.
- Regulatory actions against Tornado Cash highlight ongoing efforts to address crypto-related illicit activities.
An address associated with the exploitation of Nomad Bridge transferred 14,500 ether — worth roughly $35.2 million — of the stolen cryptocurrency to the controversial crypto mixer Tornado Cash, according to blockchain security company PeckShield’s alerts-focused account on X. This suggests that the perpetrators of the attack are trying to obscure the origin of their funds, potentially in a move to cash them out.
The transfer follows another conducted on August 5, when the price of ether had dropped substantially by some 20%. At the time, 16,892 ether was purchased using funds connected to Nomad Bridge. Nomad Bridge lost roughly $190 million in August 2022 after developers pushed a faulty software update that allowed anyone to drain funds from it. Ethical hackers saved and returned more than $22 million at the time, and the bridge was restarted later that year.
Tornado Cash, meanwhile, is an open-source and non-custodial cryptocurrency mixer that makes tracking funds’ sources significantly more difficult — something various regulators have deemed problematic and illegal. Most recently, Tornado Cash developer Alexey Pertsev was denied bail in the Netherlands after filing to appeal a prison sentence of five years and four months.
The
price of ether is down 3.21% on the day, according to The Block’s Ether Price Page.
解説
- The transfer of stolen ether to Tornado Cash highlights ongoing challenges in tracking and recovering crypto assets from illicit activities.
- Tornado Cash’s role as a crypto mixer complicates efforts to trace and identify the origins of funds, posing regulatory and security challenges.
- The Nomad Bridge exploit underscores the importance of robust security measures and vigilant monitoring in the cryptocurrency ecosystem.
- Regulatory actions against Tornado Cash reflect broader efforts to address crypto-related illicit activities and enhance the integrity of the digital asset market.