"Circumstantial Evidence of Lazarus Involvement"... Hacked Virtual Assets Transferred to Tornado Cash
Summary
- It was revealed that a portion of the virtual assets stolen during the hacking incident last month was transferred to Tornado Cash.
- Security experts reported that there is a possibility that the North Korean Lazarus group is behind this incident.
- According to ZachXBT, the stolen assets were converted from Solana to Ethereum and then sent to Tornado Cash.
In connection with last month's hacking incident in which approximately $3.2 million in virtual assets (cryptocurrency) was stolen, evidence of money laundering has been detected on-chain. Security experts suggest that the North Korean Lazarus group may be behind this attack.
On the 29th, on-chain analyst ZachXBT stated, "The assets stolen in the hack, suspected to involve the Lazarus group on the 16th of last month, were recently sold in the market, then converted from Solana (SOL) to Ethereum (ETH), and subsequently transferred to Tornado Cash."
Tornado Cash is a mixer for virtual assets (cryptocurrency) that enables anonymous transfers of such assets.
According to ZachXBT, about 800 ETH, part of the total stolen funds, was recently sent to Tornado Cash. The attacker sent 400 ETH to Tornado Cash on both the 25th and the 27th. This appears to be an attempt to evade fund tracking through a mixing service.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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