BunnyFinance Exploiter Cleanses $4M in ETH Using Tornado Cash
The BunnyFinance exploiter has resurfaced and managed to launder 1.5K ETH (equivalent to around $4m) through the cryptocurrency tumbling service, Tornado Cash, within the last 48 hours. This significant act has raised concerns about potential security risks and volatility for Bunny Finance and its associated assets.
The PeckShieldAlert, a Web3 security platform, reported, “The #BunnyFinance exploiter has laundered 1.5K ETH (worth ~$4m) via #TornadoCash over the past two days.”
Earlier this month, Mist Track, an anti-money laundering system, alerted users that the Bunny Finance exploiter had become active again after three years of inactivity. Mist Track also noted a peculiar similarity between the Bunny Finance exploiter and the Nomad Bridge exploiter, suggesting a possible connection or imitation between the two. The Bunny Finance exploiter and the Nomad Bridge exploiter both took advantage of the recent market downturn, swapping approximately $40M in DAI for around 17,000 ETH. Furthermore, they followed a similar pattern, with an average price of $2400. Mist Track highlighted that the Bunny Finance exploiter had already sent 2400 ETH to Tornado Cash, and more was expected to follow.
It is worth noting that in May 2021, the PancakeBunny platform experienced a major exploit, resulting in Bunny Finance hackers absconding with over $200 million worth of cryptocurrency assets.