Analysis News TheBitTimes.com

There is growing concern about the number of crypto hackers using centralized exchanges to fund their attacks. In order to pay the transaction fees necessary to carry out attacks, hackers must first fund their wallets. However, given the transparency of a public ledger, they have to carefully consider how to do this without linking themselves to the crime. Tornado Cash used to be the industry standard for covering one’s tracks, used by hackers and privacy advocates alike. Now, it appears that in many cases, Hack ers simply opt to skirt their way around exchange s’ know-your-customer (KYC) procedures when funding their accounts. Blockchain monitoring firm Forta Network’s analysis of funding sources for recent attacks shows that the hacker’s favourite Tornado Cash now represents just under half the hacks studied , with funds coming from centralized exchanges (CEXs) in a third of cases. Other funding methods included novel privacy tool Railgun and ‘middleware operat...

Funds stolen in a prior exploit have reportedly been channeled into Tornado Cash, totalling an estimated 1,500 BNB now within the mixer. Deposits into Tornado Cash According to an Oct. 11 from Certik, an exploit occurred on BH Token (BlackHole token), resulting in an exploiter (0xFDb) acquiring $1.2 million USDT, which was later converted to BNB and deposited into Tornado Cash, an Ethereum-based privacy tool. #CertiKSkynetAlert The BH Token exploiter has deposited stolen funds into @TornadoCash So far, 1,500 BNB has been deposited into the mixer On 11th October, Black Hole token was exploited for 1.2m USDThttps://t.co/d9ZC6o2YsQ — CertiK Alert (@CertiKAlert) October 19, 2023 Now, in a follow-up development dated Oct. 19, the malicious actor responsible for the theft has channeled stolen funds into Tornado Cash, has deposited a total of 1,500 BNB into the mixing service so far.  A subject of another alert Unfortunately, this is not the first time that Tornado Cas...

More and more Ethereum blockchain operators have complied with sanctions from the OFAC, raising censorship concerns among decentralization proponents and network participants. Toni Wahrstätter, an Ethereum researcher, noted that five of the six largest block builders on Ethereum’s blockchain actively censor certain transactions in line with the Treasury Department’s Office of Foreign Assets Control (OFAC) directives.  Most of these censor ed transactions originate from decentralized mixer Tornado Cash, according to Wahrstätter, a protocol blacklisted by the Treasury Department due to its use by bad actors, including the North Korean hacker organization Lazarus. New dashboard online – https://t.co/1Pnbe14NLG May it shed light onto the extent of censorship and guide us towards implementing practical solutions for enshrining a strong form of censorship resistance. More info pic.twitter.com/zyau9L3W1h — Toni Wahrstätter (@nero_eth) September 26, 2023 Wahrstätter’s resea...