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Radiant Capital Exploiters Move $10.8M ETH Into Tornado Cash

One year after the $53M Radiant Capital breach, exploiters transferred 2,834 ETH into Tornado Cash, highlighting ongoing laundering activity of stolen crypto assets.

ETH
DAI
ARB

Summary

According to CertiK, the hacker behind the October 16, 2024 Radiant Capital exploit has deposited 2,834 ETH, worth about $10.8 million, into Tornado Cash. This movement comes a year after the attacker compromised multisig permissions to replace the lending pool contract, resulting in a $53 million theft. The deposited funds include ETH bridged via Arbitrum and ETH obtained from swapping DAI.

Terms & Concepts
  • Tornado Cash: A decentralized Ethereum-based mixer that obfuscates transaction history to enhance privacy, often scrutinized for its use in laundering hacked funds.
  • Arbitrum Bridge: A blockchain bridge allowing asset transfers between Ethereum and the Arbitrum layer-2 network.
  • Multisig Wallet: A cryptocurrency wallet that requires multiple private keys to authorize a transaction, enhancing security but vulnerable if signers are compromised.