0x35596b Transferred funds to Tornado Cash
It is reported that according to CertiK monitoring, the account address (0x35596b) marked by Etherscan as “Dynamic Explorer 2” has transferred the funds to Tornado Cash. This address has been used by hackers for Dynamic attacks. Up to now, 74.4 BNBs (about US $21400) have been transferred from this address.
Interpretation of this information:
The message above reports on the recent transfer of funds by hackers from an account marked “Dynamic Explorer 2” to Tornado Cash. According to the monitoring by CertiK, 74.4 BNBs, equivalent to US $21400, have been moved.
The mention of Dynamic attacks suggests that this could be related to a previous attack on a DeFi protocol, Dynamic Finance. The platform recently suffered a hack that resulted in a loss of nearly $1 million worth of ETH and DYN tokens. The hackers responsible for the attack could potentially be using the funds transferred to Tornado Cash for money laundering purposes, to hide their trail and evade detection.
Tornado Cash is a privacy-preserving solution that allows users to make anonymous transactions on the Ethereum blockchain. Funds deposited into Tornado Cash are “mixed” with other users’ funds, making it difficult to trace the origin of the deposit. It is not clear how the hackers plan to use the funds transferred, but it is possible that they could be seeking to convert them into other cryptocurrencies or cash out on an exchange that does not have strong KYC/AML procedures in place.
The transfer of funds to Tornado Cash highlights the importance of securing DeFi platforms against hackers. The decentralized nature of DeFi makes it difficult to enforce security measures, leaving vulnerabilities that can be exploited by malicious actors. The use of blockchain monitoring tools like CertiK can help identify suspicious activity and prevent further losses.
In summary, the message reports on the transfer of 74.4 BNBs from a hacker’s account to Tornado Cash. The account address has been used in previous Dynamic attacks, suggesting a potential connection to the recent hack on Dynamic Finance. The transfer highlights the need for improved security measures in DeFi and the importance of blockchain monitoring tools.
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