How Stolen Cash is Being Secretly Transferred: A Deep Dive Into the Cyber Underworld
In the rapidly evolving world of cryptocurrency, the security of exchanges remains a paramount concern Recently, the Bahrain-based Rain Exchange fell victim to a sophisticated hack in April 2024, leading to a significant loss of funds In a calculated move, the hacker has started to launder the stolen ethereum through Tornado Cash, a move identified by the blockchain security firm PeckShield Laundering Stolen ethereum Through Tornado Cash The implications of this act extend far beyond the immediate financial loss The hacker's decision to use Tornado Cash for laundering the stolen ethereum underscores the persistent challenge of tracing and recovering illicit funds once they have been skillfully obscured...
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