Poloniex Hacker Laundering Stolen Funds Through Tornado Cash
A notorious hacker responsible for a security breach at Poloniex last year has recently made a move to launder stolen Ethereum. The hacker transferred 1,100 ETH, valued at $3.4 million, to the sanctioned crypto mixer Tornado Cash on May 7. The movement of the funds was detected through on-chain data analysis from the security firm PeckShield.
- The hacker moved 1,100 ETH totaling $3.4 million to Tornado Cash
- Data analysis by PeckShield revealed the transfer
Poloniex Hacker’s Large Crypto Holdings
In a related development, another address linked to the Poloniex hacker moved approximately $32 million to three new wallet addresses. According to Arkham data, the hacker now holds a total of $181.7 million worth of various crypto assets across different blockchains, including ETH, TRX, BTC, and FLOKI.
- The Poloniex hacker transferred $32 million to new wallet addresses
- Current holdings of the hacker amount to $181.7 million
FBI Warning Against Illegal Crypto Hubs
The FBI recently issued a caution against using cryptocurrency money-transmitting services that are not registered as Money Services Businesses (MSBs). The federal agency highlighted that the availability of an app in an application store does not guarantee legality or compliance with federal requirements. Additionally, the FBI disclosed that it had taken law enforcement actions against cryptocurrency services operating without proper licensing.
- FBI warns against illegal crypto money-transmitting services
- Enforcement actions taken against unlicensed crypto services
Hot Take: Stay Informed and Secure in the Crypto Space
As a crypto enthusiast, it is crucial to stay informed about the latest developments in the crypto space to protect your investments and assets. Be vigilant against potential security breaches and illicit activities in the industry. By staying updated and making informed decisions, you can navigate the crypto landscape with greater confidence and security.
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