Hackers Used Tornado Cash to Launder $500K from DAO Maker
Main page News, Money Laundering, Hacker Attack

Hackers, who stole $7 million from cryptocurrency crowdfunding platform DAO Maker, have started laundering their assets through Tornado Cash, a crypto mixer. According to on-chain analytics firm CertiK, the attackers laundered $500,000 in DAI stablecoin.

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DAO Maker lost around $7 million worth of crypto due to a hack in August 2021. The team behind the project later reported that the attackers gained access to crypto wallets with administrator privileges with the help of an exploit. As a result of the attack, over 5,250 users suffered losses.

Earlier in August, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned crypto mixer Tornado Cash for laundering over $7 billion worth of crypto since 2019.

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OFAC claims that the smart contract helped North Korean hackers Lazarus Group launder $455 million of stolen crypto. Moreover, Tornado Cash reportedly helped launder over $96 million from the Harmony bridge heist as well as $7.8 million from the Nomad bridge hack.

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