Massive Ethereum Laundering Operation: North Korean Hackers Exploit Tornado Cash For $12M
Summary
North Korean hackers from the Lazarus Group laundered $12 million of stolen Ethereum through Tornado Cash. This follows their $100 million crypto theft in November 2023. The group's use of Tornado Cash comes after US sanctions on the service. The hackers also attempted to use Sinbad.io, which was seized by US authorities. With limited options, they returned to Tornado Cash, taking advantage of its decentralized nature. This resurgence is attributed to law enforcement actions against other mixers. Ethereum's price is currently at $3,870, experiencing a 2.5% decline in the past 24 hours.
