Hacker Moves 800 Ethereum (ETH) to Tornado Cash

  beincrypto.com 2 h

The Kronos Research hacker has resurfaced the internet after moving 800 Ethereum (ETH), approximately $2.4 million, to Tornado Cash.

This action comes at a tense time for the crypto mixer protocol, currently embroiled in a legal battle with the US Department of Justice over allegations of facilitating money laundering.

Kronos Research Hacker ETH to Tornado Cash

The transfer of such a significant amount of ETH was identified by PeckShield and tagged as “Hacker 4.” Notably, this transfer is part of a larger pattern from the Kronos Research hacker, who previously funneled $7.3 million to Tornado Cash earlier in May and engaged in a $117 million transaction to Poloniex last November.

This resurgence of the hacker’s on-chain activity clashes with recent trends in the crypto sector. Reports suggest more than a 65% drop in the frequency of crypto hacks over the last month. However, the financial repercussions of these breaches remain critically high, spotlighting the enduring challenges in ensuring security.

“KronosResearch Hacker 4 has transferred 800 ETH (worth ~$2.4m) to Tornado Cash,” PeckShield alerted.