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$6.2 Million from Saga Hack Routed Through Tornado Cash

CertiK Alert reports stolen funds were divided into five wallets before anonymized transfers on January 24.

Summary

On January 24, CertiK reported that around $6.2 million stolen from the Saga hack was split into five wallets and moved to Tornado Cash. This follows Saga's earlier suspension of operations after a $7 million loss and its stablecoin dropping to $0.75.

Terms & Concepts
  • Tornado Cash: A blockchain mixing service allowing users to obscure the origin of cryptocurrency transactions.
  • Wallet: A digital storage tool for holding and managing cryptocurrency assets.
  • CertiK: A blockchain security firm specializing in auditing smart contracts and tracking on-chain incidents.