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Tornado Cash hackers used Tornado Cash to launder funds stolen from Tornado Cash

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by COINS NEWS 69 Views

A little while ago, Tornado cash experienced a hack that allowed a hacker to gain control of the Tornado cash governance. The hack was done though a new proposal which included some self-destruct code which could be used in addition to basic EVM OP code. The attackers managed to mint over 1M TORN tokens.

The irony comes in after the attacker then swapped to around 472 ETH. The hacker then used the Tornado Cash service itself to mix and hide their funds so that they hacked TC and then used TC to launder the stole funds. To be clear, the governance hack does not/did not affect the Tornado Cash service itself.

The TORN token managed to remain relatively resilient however, considering all TORN tokens on the governance vault were at risk and that the hacker could have seriously messed up the whole protocol if they want to. The price only fell from around $7 to $4 but has recovered to $5 currently.

submitted by /u/OneThatNoseOne
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