A title linked to a 2021 exploit of automated market maker Uranium Finance recently laundered more than $1.18 million in stolen assets through the Tornado Cash crypto mixer. Assets were transferred in ten transactions in 30 minutes today.
PeckShield, a blockchain security platform, first highlighted the movements in a recent tweet. The security firm noted that the address marked with the Uranium Finance exploit transferred 140 ether (ETH), worth $251,000 at the time, to Tornado Cash.
data From Etherscan indicates that the address sent up to 650 ETH worth $1.18 million to Tornado Cash. All assets were transferred in a series of transactions involving 100 ETH and 10 ETH. The first transaction took place today at 06:06 (UTC), while the last transaction was executed at 06:38 (UTC).
He exchanged the address for $1.196 million worth of USDT for 657 ETH in three unequal transactions before sending 650 ETH to Tornado Cash. After transfers, the address currently holds 7.8 ETH and the $109.5K worth of USDC he received yesterday.
This is the second time this year that wallets linked to the Uranium Finance hack have been observed funneling stolen funds into Tornado Cash. Two months ago, one of the specific wallets linked to the hack was reported to have laundered 2,250 ether, worth $3.35 million at the time, through Tornado Cash.
Remember, the Uranium Finance exploit happened in April 2021, losing $50 million in crypto assets. Despite efforts to stop the movement of funds, the hackers sent 2,400 ETH to Tornado Cash at the time, leaving some assets dormant. Some of these assets are starting to move on-chain.
