TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash

Block Explorer data shows that EtherscanThe attacker of the TempleDAO hack has transferred the funds via Tornado Cash, a recently sanctioned crypto-mixer.

This information was first published disclosed PeckShield, a blockchain data firm, published this report on Sunday. An estimated amount of ETH was transferred from an Address It was the TempleDAO hacker to Tornado Cash platform. The transaction began with a 0.1 deposit, and ETH took place within hours.

Tornado Cash, an Ethereum-based cryptocurrency mixer, is used to anonymize transactions on Ethereum blockchain. The platform was approved by the United States Treasury Department’s Office of Foreign Assets Control.

Declaring that the crypto mixer is mostly associated with high-profile hacks like the Harmony and Ronin breaches. OFAC claimed that the crypto mixer benefitted North Korea’s Lazarus Group. The platform was also used to launder hundreds and millions of dollars of crypto since its inception.

TempleDAO, a protocol-staking platform, was hacked last week on one of its vaults. The hacker stole 1,830 Ethereum, roughly $2.3 million at that time, as seen on Etherscan. 

This hack is notable because it comes amid the increase in cryptocurrency hacks this month. According to new data from ChainanalysisOctober 2022 is the month with most hacking activity. 

Source: Chainanalysis 

The data showed that there were roughly 11 hacks worth $718 million each month. Chainanalysis said, “At this rate 2022 will likely surpass the 2021 record for hacking.”

Mango Market, a trading and lending platform, was hit by an attack that used an oracle price manipulation attack last week. Binance, a popular cryptocurrency exchange, confirmed on October 6 that a BNB crosschain bridge hack had been discovered. Roughly $100 Million of Binance Coin (BNB), was stolen as a result.

Source: Shutterstock

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