Harmony Hacker Begins Laundering Funds
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Harmony Hacker Begins Laundering Funds

THELOGICALINDIAN - The 1 actor compensation was not abundant to argue the hacker to acknowledgment the funds

The Harmony antagonist is sending 100 ETH to the Tornado Cash router every six account and has already alloyed added than $12 actor through the protocol.

100 ETH Every Six Minutes

The Harmony antagonist is starting to accelerate their tokens through Tornado Cash.

As apparent by Etherscan, the wallet amenable for aftermost week’s Harmony accomplishment sent a little added than 18,036 ETH (a sum account arctic of $21 actor at today’s prices) to a accessory wallet. That accessory wallet again analogously breach the sum amid three tertiary wallets; at the time of writing, two of these tertiaries accept sent ETH to a Tornado Cash router.

Harmony’s Horizon arch was exploited aftermost anniversary for added than $100 actor in assorted tokens including FRAX, FXS, wETH, wBTC, AAVE, SUSHI, USDT, and BUSD; these were all swapped on Uniswap for ETH. 

That sum is now actuality baffled through Tornado Cash in installments of 100 ETH. At the time of autograph 10,409 ETH (more than $12 million) had already been alloyed in the privacy-enabling protocol. New 100 ETH affairs are accident about every six minutes.

Tornado Cash is an Ethereum agreement that leverages zero-knowledge technology to acquiesce users to breach the links in their on-chain activity. If acclimated correctly, the agreement makes it absurd to clue bottomward affairs from one wallet to another.

The agreement has been acclimated by hackers in the accomplished to banknote in on their ill-acquired gains. Data from Nansen indicates that the Harmony exploiter, while accepting alone beatific about 12% of their boodle to Tornado Cash, is already the fifth-biggest awful user of the agreement (behind the Ronin, Fei, Beanstalk, and Parity exploiters). 

Two canicule ago Harmony had offered the Horizon arch hacker a $1 actor compensation for abiding the baseborn funds, with the affiance of not advocating for bent accuse if they chose to cooperate. Other protocols accept paid out alike greater bounties in the past, with Aurora afresh rewarding a white-hat hacker $6 actor for audition a accessible accomplishment and advice the aggregation about it.

Disclosure: At the time of writing, the columnist of this allotment endemic ETH and several added cryptocurrencies.