• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Terra CEO Do Kwon Arrested In Montenegro Airport

2023-03-23

Coinbase CEO sells shares prior to SEC warning

2023-03-23

Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

2023-03-23
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Terra CEO Do Kwon Arrested In Montenegro Airport

    2023-03-23

    Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

    2023-03-23

    Elon Musk, Bill Ackman, Balaji, Cathie Wood Outrage Over US Fed

    2023-03-23

    Crypto Market Mixed As US Fed Hikes Interest Rate By 25 bps

    2023-03-22

    BitMEX Founder Arthur Hayes Believes Bitcoin Can Cross $1 Million Mark

    2023-03-22
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    IRS Seeks to Tax NFTs Like Other Collectibles

    2023-03-21

    Sony Interactive Entertainment files for NFT patent

    2023-03-21

    concerns of wash trading surface

    2023-03-21

    Snoop Dogg’s Iconic NFT Collection Unveiled by Clay Nation

    2023-03-21
  • Metaverse

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13
  • Analysis

    Coinbase CEO sells shares prior to SEC warning

    2023-03-23

    Top Crypto Analyst Turns Bullish on Ethereum Rival That’s Up 135% This Year

    2023-03-23

    6 Ethereum Altcoins Targeted By SEC Ahead of Coinbase Wells Notice

    2023-03-23

    Bitcoin breaks below $26.7K; liquidations rise over $230M in 24hrs

    2023-03-22

    Ripple Relocates 120,000,000 XRP After 35% Rally This Week: On-Chain Data

    2023-03-22
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    Top 10 Best Ethereum Wallets 2023

    2023-03-18

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17
  • Market Cap
The Crypto News Insider
Home»Uncategorized»Harmony hacker sends stolen funds to Tornado Cash mixer
Uncategorized

Harmony hacker sends stolen funds to Tornado Cash mixer

2022-06-27Updated:2022-06-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The funds from Concord’s Horizon Bridge have begun to maneuver into the Twister Money Ethererum mixer, signaling that the attacker has no intention of accepting the $1 million bounty supplied.

The choice to obfuscate the ill-gotten beneficial properties solutions questions on whether or not the Concord workforce’s provide of simply 1% of the $100 million in crypto funds stolen on Friday can be sufficient to persuade the exploiter to return them.

#PeckShieldAlert ~6k $ETH (~$7.1m) into @TornadoCash from @harmonyprotocol exploiters
Middleman deal with: 0x432…47ae pic.twitter.com/AR9dmJRQet

— PeckShieldAlert (@PeckShieldAlert) June 27, 2022

A complete of 18,036.3 Ether (ETH), price about $21 million, was moved out of the Horizon Bridge exploiter’s major pockets at 03:10 am EST on Tuesday. These funds have been then divided equally 3 ways and despatched to 3 completely different addresses in single transactions, respectively, over the following 10 hours.

Twister Money helps mixing a most of 100 ETH at a time, which implies massive sums can simply take a number of hours to combine. Mixing ETH is a privateness measure designed to obfuscate the transaction path of cash so that they can’t be traced again to earlier transactions.

The primary and second wallets that obtained ETH from the exploiter’s major pockets have accomplished mixing the cash and at the moment are left with about 16.3 ETH collectively, an quantity possible too small to trouble with.

The third pockets was busy sending batches of 100 ETH to Twister in eight-minute intervals and nonetheless had 2,800 cash remaining as of the time of writing.

Cointelegraph has not obtained a reply from the Concord workforce on what it plans to do to interchange the stolen funds within the bridge.

See also  Crypto markets see flood of Queen Elizabeth memecoins and NFTs

The venture’s Twitter account reaffirmed on Monday that the workforce was working with “two extremely respected blockchain tracing and evaluation companions,” together with the United State Federal Bureau of Investigation, to research the hack.

1/ We’re conscious the hacker has begun to maneuver funds by way of Twister Money. The workforce is working with two extremely respected blockchain tracing and evaluation companions, and collaborating with the FBI as a part of an investigation into this felony act.

— Concord (@harmonyprotocol) June 28, 2022

About $80 million in ETH continues to be within the explorer’s major pockets. They might probably return a portion of the stolen funds to Horizon, or they could be taking a break because it has taken the exploiter over 13 hours to combine simply $21 million.

Though the preliminary haul was valued at about $100 million on the time, optimistic ETH value fluctuations have elevated the greenback worth to $101.5 million.

Stephen Tse, founding father of Concord, confirmed on Saturday that the exploiter took management of the required two Horizon Bridge signees for the multisignature deal with used to safe funds. He famous that the Ethereum facet of the bridge affected by the exploit was moved to a safer multisig pockets that required 4 signees.

Associated: Axie Infinity to compensate Ronin exploit victims and relaunch bridge

Horizon is the most recent in a rising listing of token bridges which were attacked. The biggest token bridge to be hacked was Poly Community in 2021, which misplaced $610 million that was virtually completely returned.

In whole, over $1 billion has been extracted from the Meter, Wormhole, Ronin and now Horizon token bridges by way of nefarious means in 2022 thus far.

See also  Hackers take over CoinDCX Twitter account, promote fake XRP ads

Source link

Cash funds Hacker Harmony mixer Sends stolen Tornado
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Funds Saw Major Outflows Last Week Amid Price Rally

2023-03-21

Crypto Mixer ChipMixer Washed Out By National Authorities, $46 Million In Bitcoin Confiscated: Europol

2023-03-15

Okcoin suspends USD deposits in wake of Signature Bank closure

2023-03-14

Ethereum Creator Vitalik Buterin Abruptly Sends 500 ETH to Little-Known DeFi Protocol

2023-03-14
Add A Comment

Leave A Reply Cancel Reply

Top Posts

ETH 2.0 deposit contract crosses the 13M mark ft. a bullish ETH twist

2022-08-08

Algorand traders can leverage this support level for short-term gains

2022-07-25

U.S. House Financial Services Committee Plans Official Hearing on FTX Collapse: Report

2022-11-17

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Terra CEO Do Kwon Arrested In Montenegro Airport

2023-03-23

Coinbase CEO sells shares prior to SEC warning

2023-03-23

Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

2023-03-23
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$27,698.00-4.18%
  • ethereumEthereum(ETH)$1,770.24-3.27%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.01-0.54%
  • binancecoinBNB(BNB)$325.81-2.01%
  • usd-coinUSD Coin(USDC)$1.010.04%
  • rippleXRP(XRP)$0.445126-2.34%
  • cardanoCardano(ADA)$0.374461-2.05%
  • dogecoinDogecoin(DOGE)$0.0775941.53%
  • staked-etherLido Staked Ether(STETH)$1,761.03-3.07%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}