Using Tornado Cash’s anonymity, the hacker who took advantage of the HECO Chain moved around 40,392 Ether valued $145.7 million in just eight days.
According to cryptocurrency investigator PeckShield, they put out 19 transactions to Tornado Cash addresses to conceal the source of the stolen Ether, making it extremely difficult to track down.
This person engaged in several transactions in an attempt to conceal the source of the funds and make them impossible to locate. Approximately $39.5 million, or 11,300 ETH, were transferred in a single transaction.
One of the thieves took advantage of the HECO Chain to shrewdly channel a huge sum of stolen money roughly $145.7 million in Ether via Tornado Cash, a cryptocurrency-mixing protocol.
To further complicate the transaction, a second $699 0.2 ETH transaction was transferred to a different Tornado Cash account. Crypto hackers sometimes utilize this strategy to conceal the ownership of money they obtained illegally.
Interestingly, the money obtained on March 21 via Tornado Cash was also moved from a $24 million Rocket Pool hack that occurred in September 2023.
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