Ethereum Hacker Launders $26M via Tornado

Truebit Hacker Launders $26 Million in ETH via Tornado Cash

• The Truebit hacker laundered 8,535 ETH, valued at approximately $26 million, through Tornado Cash.
• The exploit occurred on January 8, targeting a smart contract vulnerability in the Truebit Protocol.
• The attack involved an integer overflow to mint TRU tokens at minimal cost, leading to a liquidity drain.
• The incident caused the TRU token value to plummet by over 99.9%, severely impacting investors.
• Blockchain security linked the hacker’s wallet to a previous Sparkle Protocol breach.
• Truebit is collaborating with law enforcement and reviewing protocols for recovery options.

The Truebit exploit resulted in the laundering of approximately $26 million worth of Ethereum through Tornado Cash, significantly affecting the protocol’s liquidity and investor confidence. The team is actively working with authorities to address this breach.