Kraken and Coinbase User Loses $6.7M in Crypto Theft as Funds Move Through Tornado Cash
May 20, 2026
< 1 min read
by Abdulkarim Abdulwahab
for The Crypto Basic

Share:
AI Overview
An attacker drained about $6.7 million in crypto from accounts linked to Kraken and Coinbase, withdrawing ETH, BTC and cbBTC. The stolen funds were routed through Tornado Cash, highlighting CEX security risks, mixer-related money laundering concerns and potential regulatory pressure on exchanges and privacy tools.
Bearish
A crypto user has lost around $6.7 million in digital assets after attackers drained funds from accounts linked to both Kraken and Coinbase. The incident, highlighted by Wu Blockchain, showed large withdrawals of ETH, BTC, and cbBTC from the victim’s exchange accounts.
Read More






