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Based on Etherscan data, the hacker behind the TempleDAO protocol moved stolen funds through the Tornado Cash cryptomixer. This is in addition to an Oct. 11 exploit which saw $2.3 million stolen from the protocol.

According to data from Etherscan, the hacker behind TempleDAO claims that it offers sustainable income through staking. However, he has now retrieved stolen funds via Tornado Cash, a crypto mixer.

One of the stake vaults was hacked earlier this month. This resulted in 1,830 Ethereum, or approximately $2.3 million being stolen by hackers.

First cited by blockchain data firm Peckshield. An approximately equivalent amount of Ethereum was transferred from an address that was identified as TempleDAO hacker, to a Tornado cash router. The transaction began with a deposit for 0.1 ETH, which was completed within hours.

Tornado Cash allows users to hide the details of transactions. The U.S. Treasury sanctioned the mixer and 44 Ethereum and USDC wallets it associated with it in August. This was due to its association with high-profile hacks like the Harmony and Ronin breaches. It specifically identified the hacks as being used by North Korea’s Lazarus Group, and charged the mixer with laundering more than $455 million for it.

The TempleDAO hack’s latest development follows a month of major cryptocurrency attacks. The Block reported Oct. 12 that Chainalysis data showed that October was already leading the charge for most stolen crypto funds in a single month.

Data shows that 11 hacks totaling $718 million occurred this month alone, surpassing the $3 billion theft in 2021. These include Monday’s $114million exploit by Mango Markets and the recent $100million hack of Binance’s BNB cross-chain link bridge.

The post The TempleDAO Hacker Has Used Tornado Cash to Move Funds first appeared on The Daily Encrypt.


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Angie Byrd