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$6.2M stolen from Saga exploit land on Tornado Cash


$6.2M stolen from Saga exploit land on Tornado Cash

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Approximately $6.2 million stolen in the SagaEVM exploit has been traced to Tornado Cash, a privacy mixer on Ethereum, which complicates tracing the funds. Using platforms like Tornado Cash is a common tactic among hackers for laundering funds, exacerbating recovery efforts. This incident highlights ongoing risks in the crypto space related to security and fund recovery.

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$6.2 million of the funds stolen during the SagaEVM exploit has been traced to deposits into Tornado Cash, a privacy mixer on Ethereum that helps obscure transaction trails.  The tactic is common among hackers trying to launder considerable stolen funds and make recovery almost impossible.  The exploit that targeted SagaEVM, described as an L1 to […]
Read the article at CryptoPolitan

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In This News

Coins

$ 1.77K

+1.85%

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See what traders are focused on

View analytics →
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