Raydium exploiter moves $2.7M to Tornado Cash

A wallet address linked to the Raydium DEX exploiter has moved about $1.75 million worth of ETH via the sanctioned mixing protocol Tornado Cash. On Dec. 16, the exploiter overtook Raydium’s owners’ authority and drained the protocol’s liquidity pools of assets worth $2.2 million, including $1.6 million in SOL tokens. Following the exploit, the Raydium […]

Don't got time to read? Listen it & multi task

A wallet address linked to the Raydium DEX exploiter has moved about $1.75 million worth of ETH via the sanctioned mixing protocol Tornado Cash.

On Dec. 16, the exploiter overtook Raydium’s owners’ authority and drained the protocol’s liquidity pools of assets worth $2.2 million, including $1.6 million in SOL tokens.

Following the exploit, the Raydium team proposed to compensate the affected users using funds from its DAO treasury.

Blockchain security firm Certik flagged that a wallet linked to the Raydium exploiter has moved about 1,774.5 ETH to Tornado Cash, according to a tweet on Jan. 19.

The transferred assets are worth approximately $2.7 million at ETH’s current price of $1,526, as per CryptoSlate data.

The post Raydium exploiter moves $2.7M to Tornado Cash appeared first on CryptoSlate.

Latest articles by Glenn Nasta

tub
UTB Bot Unveils a New Way to Leverage Automation and Cryptocurrencies
hyrotrade
HyroTrade Cryptocurrency Trading Platform Review and Experience
Voltreum
Voltreum Announces a P2P Blockchain-Based Strategy to Trade Energy
hyrotrade review, trading offers thumbnail
Margin Trading, Copy Trading, Competitions: What Else Does Hyrotrade Offer?
Translate »