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CertiK Tracks $63 Million Tornado Cash Trail in $282 Million Crypto Heist

Key Takeaways

  • CertiK traced about $63 million in Tornado Cash deposits linked to the $282 million crypto wallet hack from January 10;
  • The hacker moved 686 BTC to Ethereum, swapped it for 19,600 ETH, and split it across multiple wallets;
  • Funds were later sent to Tornado Cash, which showed attempts to hide transactions across blockchains.

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CertiK Tracks $63 Million Tornado Cash Trail in $282 Million Crypto Heist

Blockchain security company CertiK has traced about $63 million in Tornado Cash deposits to the $282 million crypto wallet hack that happened on January 10.

In a post shared on X, CertiK stated that its monitoring tools found activity related to the stolen funds.

The report showed how the attacker tried to hide the money after the theft, a case that has drawn attention because of the large amount stolen and how the funds were moved.

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CertiK’s review showed that part of the stolen Bitcoin BTC $93,008.24 was transferred to the Ethereum network and converted into Ethereum ETH $3,218.51 .

Around 686 BTC was moved using a cross-chain swap, which resulted in about 19,600 ETH being sent to a single Ethereum wallet.

The attacker then divided the ETH into smaller amounts and spread them across several wallets. From there, hundreds of ETH were sent from each wallet into Tornado Cash, a service that mixes transactions to make them harder to track.

According to CertiK, the $63 million linked to Tornado Cash represents only a portion of the total stolen amount.

However, the pattern reveals an attempt to hide the movement of funds after the initial transfers between blockchains.

Recently, blockchain investigator ZachXBT reported that he has identified the person behind a fake Coinbase $1.34B support scheme that took about $2 million from the platform’s users. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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