$63M From $282M Crypto Wallet Hack Routed Through Tornado Cash

On Jan. 19, blockchain security firm CertiK reported that nearly $63 million have more to crypto mixer Tornado Cash TORN $11.55 24h volatility: 5.0% Market cap: $44.03 M Vol. 24h: $1.98 M , in fresh deposits.

The amount is linked to the $282 million crypto wallet theft that happened on Jan. 10.

Crypto Wallet Hacker Moves Money to Tornado Cash

Blockchain security firm CertiK said its monitoring systems detected Tornado Cash interactions linked to the recent $282 million crypto wallet exploit.

This has drawn attention from multiple crypto investigators due to the scale of losses in the crypto hack and the speed at which funds were moved.

CertiK reported that a portion of the stolen Bitcoin BTC $92 836 24h volatility: 2.4% Market cap: $1.86 T Vol. 24h: $42.14 B was bridged to Ethereum ETH $3 209 24h volatility: 3.5% Market cap: $387.69 B Vol. 24h: $30.02 B , swapped into Ether, and then distributed across multiple addresses.

The firm said at least 686 BTC was bridged via a cross-chain swap, resulting in 19,600 ETH sent to a single Ethereum wallet.

The funds were later split across multiple wallets, with each address forwarding several hundred ETH before being routed through Tornado Cash.

CertiK noted that the $63 million estimate represents only part of the total losses.

He added that the transaction pattern shows a deliberate attempt to mask the trail after the initial cross-chain transfers.

Hacker Moves Funds Smartly to Avoid Tracking

Marwan Hachem, CEO of blockchain security firm FearsOff, said the fund movements after the Jan. 10 crypto theft reflect a well-known laundering pattern.

Blockchain investigator ZachXBT said the attacker allegedly impersonated wallet support staff to gain full access to the victim’s accounts, ultimately taking control of the ass

ets.

The compromised wallet reportedly held around 1,459 BTC and more than 2 million Litecoin LTC $70.04 24h volatility: 6.3% Market cap: $5.38 B Vol. 24h: $668.94 M .

Hachem said the attacker used THORswap to convert Bitcoin into Ether. Later, he split the proceeds into batches of nearly 400 ETH before routing them into a mixing service.

He called it a “textbook” approach to reduce visibility and complicate tracking.

He described Tornado Cash as a major “kill switch” for traceability. Hachem said that the likelihood of recovering funds usually “drops to near zero” once assets pass through a crypto mixer.

next

The post $63M From $282M Crypto Wallet Hack Routed Through Tornado Cash appeared first on Coinspeaker.