Attackers were able to take out 442 ethers on price manipulation, analysts say. PeckShield experts clarified: Hackers were able to transfer money to Tornado Cash cryptomixer;
Representatives of the DeFi-protocol itself claim to be aware of the incident, and in response are suspending all trading activity of the site. The company assured users that the remaining funds are not at risk. Sturdy Finance did not provide additional details on exactly how the hack occurred or how the hackers were able to manipulate prices on the platform.
PeckShield analysts recently reported that hackers stole $16 million worth of cryptocurrency during May, while unscrupulous developers stole at least $55 million from their users.For comparison, more than $103 million was stolen from cryptocurrency projects during April. And in March, according to PeckShield, crypto-assets worth $211.5 million and NFTs worth $10.9 million.
Last year, the U.S. Treasury Department blacklisted Tornado Cash, saying the platform was used for money laundering and terrorist financing. Alexey Pertsev, the developer of the Tornado Cash protocol, was arrested in the Netherlands. In April it became known that Pertsev would be placed under house arrest pending the outcome of the investigation.