The Kronos Research Hacker Strikes Again, Moving $2.4 Million in Ethereum to Tornado Cash
The hacker responsible for the Kronos Research attack has resurfaced by transferring 800 Ethereum (ETH) to Tornado Cash, amounting to approximately $2.4 million. This move comes amid a legal tussle between Tornado Cash and the US Department of Justice over allegations of facilitating money laundering.
The Transfer of Ethereum to Tornado Cash
- The transfer of 800 ETH by the Kronos Research hacker, identified as “Hacker 4” by PeckShield, is part of a larger pattern.
- The hacker previously moved $7.3 million to Tornado Cash in May and conducted a $117 million transaction to Poloniex in November.
This recent on-chain activity by the hacker contrasts with the decreasing frequency of crypto hacks, which have seen a 65% drop in the past month. However, the financial impact of these breaches remains significant, highlighting the ongoing challenges in ensuring security in the cryptocurrency space.
“KronosResearch Hacker 4 has transferred 800 ETH (worth ~$2.4m) to Tornado Cash,” PeckShield alerted.
The Department of Justice has taken a strong stance in the case against Tornado Cash’s co-founder, Roman Storm. Prosecutors allege that Storm’s activities constitute serious criminal offenses, such as operating without the necessary license and violating OFAC sanctions. These legal developments raise questions about the future of cryptocurrency regulations and the delicate balance between innovation and security.
Implications for the Crypto Community
- The ongoing legal battle with the US Department of Justice underscores the need for robust compliance measures in the crypto industry.
- Cryptocurrency projects must navigate regulatory challenges to ensure their long-term viability.
As the case against Tornado Cash unfolds, the crypto community remains vigilant, closely monitoring the implications for the broader ecosystem.
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