Hacker Moves $500K in DAI Through Tornado Cash From DAO Maker Exploit

2022-9-10 00:00

Peckshield, a prominent blockchain security firm, took to Twitter to bring to light that $500K in stolen funds from the DAO Maker exploit are on the move.


PeckShield and CertiK said an Ethereum address associated with an exploit last year of DAO Maker has laundered 500,000 DAI stablecoins through Tornado Cash, using fake browser plugins to gain control of the funds they robbed.


“We are seeing a movement of $500,000 DAI to @TornadoCash from EOA 0x0B789. The address is directly connected to the DAOMaker exploiter who stole funds from @TheDaoMaker” Peckshield said in a tweet.
This is not the first-time illicit money flows are happening through Tornado Cash allegedly used by North Korea.

Popular platforms are prominent to hacks

According to the security firms, Hackers have taken note of different popular platforms, and have made them their targets. In December 2021, PeckShield identified an address responsible for exploiting Grim Finance and transferred $3.3 million into Tornado Cash. Relatedly, in September, Monox finance also suffered a heist of $2.1 million which was mixed using Tornado Cash. The hackers often siphon robbed monies through Tornado Cash because it’s hard to track and conceals the transactions.


DAO Maker suffered a hack in August 2021. Because of the ambiguities, hackers managed to take off with stablecoins worth $7 million and split in the different addresses owned by the hacker, according to the firms. One of the addresses, identified as Etherscan was today used to transfer DAI stablecoins $500,000.

Hackers ignore Tornado Sanctions

The Mixing Service, Tornado Cash, has been in the limelight since it was slapped with sanctions on Aug. 8, by the Treasury Department’s Office of Foreign Asset Control (OFAC) for allegedly sponsoring the laundering of $7 billion in illicit fund flows. The platform was also allegedly being used by the infamous North Korea hacking group Lazarus to launder stolen funds in the amount of $455 million.
Even though the sanctions are still in effect, hackers have continued to undermine them using decentralized finance protocols.

For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.

The post Hacker Moves $500K in DAI Through Tornado Cash From DAO Maker Exploit appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

DAO.Casino (BET) на Currencies.ru

$ 0 (-0.28%)
Объем 24H $0
Изменеия 24h: 1.65 %, 7d: 12.36 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0317704 (-100%)

dao maker exploit 500k moves hacker through

dao maker → Результатов: 81


Фото:

Venom Foundation partners with DAO Maker to incubate Web3 startups

Venon, the layer-1 blockchain platform regulated by Abu Dhabi Global Market (ADGM), has teamed up with decentralised funding platform DAO Maker to incubate Web3-focused startups. The partnership between Venom Foundation and DAO Maker will see the two firms look to spark further innovation and growth by providing an opportunity for projects to deliver real-world use […] The post Venom Foundation partners with DAO Maker to incubate Web3 startups appeared first on Invezz.

2023-2-11 18:08


Фото:

DAO Maker Shares Weekly Update with Numerous Partnerships, Integrations, Exchange Listings

Another successful week for the DAO Maker team, partners, and community. We have summarized all developments in the weekly recap! Stay tuned and watch us take the crypto world by storm. DAO Maker Narrative Yield Shield Xend SHO SHO Community Rules and Staking Update Business Development GBA — Global Blockchain Association Kardiachain EzDefi Wallets/ FIATRead More

2021-2-21 19:02


DAI stablecoin recorded growth rate of approximately 20% per month in 2019, claims Maker Dao report

Since the start of 2019, stablecoins have found a new level of importance following the involvement of major financial and non-financial institutions such as JP Morgan Chase and Facebook. Justin Sun, CEO of TRON Foundation, had also spoken highly about the significance of stablecoins on various occasions and despite the Tether-Bitfinex fiasco, the popularity of […] The post DAI stablecoin recorded growth rate of approximately 20% per month in 2019, claims Maker Dao report appeared first on AMBCrypto.

2019-6-10 15:30


MakerDAO повысили плату за стабильность DAI до 7,5%

Пользователи децентрализованной автономной организации (DAO) MakerDAO (MKR) проголосовали за повышение так называемой платы за стабильность для стейблкоина Maker DAI (DAI) на 4%.

2019-3-24 08:50


Криптовалюта Beam стала доступна на децентрализованной бирже Bisq

Приватная криптовалюта Beam на основе протокола MimbleWimble стала доступна в новой версии децентрализованной платформы Bisq (v0. 9. 2). Bisq v0. 9. 2 is out! — Reduced maker fees to flat 0. 1% 🚀🚀 — Fixed Bisq DAO bugs — Added Mimblewimble implementations Beam (trade now) and Grin (available when launched on mainnet) Download:https://t.

2019-1-8 20:01