The hacker who exploited the Deribit exchange’s hot wallet has started moving the stolen funds using the sanctioned cryptocurrency mixer Tornado Cash.
According to data from Etherscan, the attacker has sent a total of 1,610 ETH since the exploit amounting to a sum of $2.54 million per the current price of Ethereum pegged at $1,577.84, according to data from CoinMarketCap.
Blockchain security outfit PeckShield was the first to spot the transfers being done as of Saturday with a total of $350,000 moved at the time. According to the Etherscan data, the balance on the hacker’s address is pegged at 7,501.37 ETH, with substantially more funds to launder.
Attempts to trace the funds have now been complicated by the involvement of Tornado Cash. The crypto mixing protocol receives funds, splits them into several units, and cryptographically sends them to unrelated addresses in a manner where the source of the funds can be…
