Back

Bitrue Hacker Launders $16.3 Million in DAI via Tornado Cash

The Bitrue hacker's recent transactions, including the purchase of 5,917.82 ETH, underscore ongoing security challenges in cryptocurrency exchanges.

ETH

Summary

According to Onchain Lens, the Bitrue hacker purchased 5,917.82 ETH for approximately $16.34 million at an average price of $2,762. The hacker subsequently transferred a total of 11,029 ETH, valued at $30.29 million, through TornadoCash, highlighting ongoing security vulnerabilities in the cryptocurrency space.

Terms & Concepts
  • DAI: A stablecoin pegged to the US dollar, used in various decentralized finance applications.
  • Tornado Cash: A privacy-focused protocol on Ethereum that allows users to obfuscate transactions, enhancing anonymity.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.