Poloniex Hacker Shifts $3.4 Million to Tornado Cash: Unraveling the Latest Crypto Heist (POLY)

• Stolen funds from the Poloniex crypto exchange have been moved for the first time since the heist in November 2023, with $3.5 million transferred to a crypto mixer.
• The funds were moved to US-banned Tornado Cash, marking the first attempt by the hacker to launder the stolen money.
• The Poloniex hack resulted in a loss of $125 million and has been attributed to the North Korean hacker group, Lazarus Group.

After six months of inactivity, stolen funds from the Poloniex crypto exchange have been moved for the first time, marking a significant development in the ongoing investigation.

Stolen Funds Transferred For The First Time

On Monday night, one of the labeled addresses holding the stolen assets moved the funds to a US-banned Tornado Cash. This marks the first time since the crypto heist that the hacker has moved part of the money to launder it. According to Wu Blockchain’s report, the Poloniex hacker transferred 100 ETH, worth around $308,000, from address 0x3E…fDFd to the mixer. Later, PeckShieldAlert informed that the address had sent 1... Read the full article for FREE at COINOTAG!