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CertiK Reports $63 Million Linked to $282M Crypto Theft Moved to New Address

CertiK confirms part of the $282M stolen in a January crypto theft was laundered through Tornado Cash after being bridged via ThorSwap into Ethereum.

ETH

Summary

Blockchain security firm CertiK reported that approximately $63 million from the $282 million stolen in the January 10 wallet hack was converted via ThorSwap into 19,632 ETH. Of this, at least 800 ETH was sent to Tornado Cash, a decentralized Ethereum mixer, indicating laundering activity. The trace highlights continued misuse of decentralized services to conceal illicit transactions.

Terms & Concepts
  • Tornado Cash: A decentralized Ethereum mixer service that obscures transaction trails, used to enhance privacy or launder stolen funds.
  • ThorSwap: A decentralized exchange interface enabling cross-chain asset swaps, bridging tokens between blockchains such as Bitcoin and Ethereum.
  • Ethereum (ETH): A decentralized blockchain platform's native cryptocurrency, commonly used for transactions, smart contracts, and decentralized applications.