Peckshield, a well-known blockchain security company took to Twitter to clarify that $500K of money stolen from DAO Maker mining is being transferred through Tornado Cash.
PeckShield and CertiK reported that an Ethereum address linked to a mining last year by DAO Maker laundered 500,000 DAI stablecoins through Tornado Cash, using fake browser plugins to gain control of the funds they stole.
“We are seeing movement from $500,000 to @TornadoCash from EOA 0x0B789. The address was directly connected to the DAOMaker miner who stole the funds from @TheDaoMaker Peckshield said in a tweet.
This is not the first time illegal money flowing through Tornado Cash has been allegedly used by North Korea.
According to security companies, hackers took notice of various popular platforms and turned them into targets. In December 2021, PeckShield identified an address responsible for mining Grim Finance and transferred $3.3 million to Tornado Cash. In September, financial firm Monox also suffered a $2.1 million theft and was cleared through Tornado Cash. Hackers often kill signs of crime through Tornado Cash.
DAO Maker was hacked in August 2021. Due to ambiguity, hackers managed to hijack stablecoins worth $7 million and split into different addresses. One of the addresses identified as Etherscan was currently used to transfer $500,000 worth of DAI stablecoins.
Tornado Cash has gained prominence since being sanctioned by the Office of Foreign Assets Control (OFAC) on August 8 for allegedly financing the laundering of $7 billion in illicit capital flows. The platform is also believed to have been used by North Korea’s notorious hacking group Lazarus to launder stolen funds amounting to $455 million.
The hackers appear to have ignored the sanctions on Tornado Cash even as it remained in effect.
