North Korean Hackers Used Tornado Cash to Launder $12M From Heco Bridge Hack: Elliptic
Summary
North Korean hackers associated with the Lazarus Group have laundered $12 million worth of ether (ETH) using coin mixing service Tornado Cash. Blockchain analytics firm Elliptic identified over 40 transactions sent by the Lazarus Group to Tornado Cash. The Lazarus Group, which has been linked to hacks worth over $3 billion in the past six years, previously used another mixer, Sinbad, until it was seized by U.S. authorities. Despite being sanctioned twice, Tornado Cash continues to operate through decentralized smart contracts that cannot be seized or taken offline. The return to Tornado Cash is likely due to the limited number of large-scale mixers currently operating following law enforcement takedowns.
