– An attacker allegedly drained Raydium’s liquidity pools and transferred 1,774.5 ETH to Tornado Cash to cover their tracks.
– Tornado Cash is a Decentralized privacy and data protection platform developed on the Ethereum blockchain.
– The attacker reportedly used admin wallets to verify the drainage without burning Liquidity Pool tokens.
Recently, a hacker was able to exploit a bug in the Circle’s USDC stablecoin and wrap SOL’s liquidity pools. This resulted in a major loss of over two million dollars for Raydium. To cover their tracks, the hacker allegedly transferred 1,774.5 ETH to Tornado Cash.
Tornado Cash is a Decentralized privacy and data protection platform developed on the Ethereum blockchain. It allows users to deposit and anonymously withdraw Ethereum’s ERC-20 tokens and ethereum (ETH) using different wallet addresses. By doing this, the hacker is able to hide their transaction history from the public.
According to Nansen Portfolio, Raydium lost over two million dollars in the LP compromise. The hacker was able to access the platform’s admin wallets, which allowed them to verify the drainage without burning Liquidity Pool tokens. This enabled them to cover their tracks and make their digital money transfer anonymous.
In response to the attack, CertiK issued a SkyNet Alert, warning users to be vigilant. They warned that a large sum of money had been transferred to Tornado Cash, and advised users to remain aware of the situation.
Etherscan monitoring progress indicates that the hacker’s 0xb98ac wallet address transferred the funds to Tornado Cash. This is just one example of how hackers are using privacy-enhanced smart contracts to hide their tracks and make their transactions anonymous. It is important to remain vigilant and aware of these types of attacks in order to protect yourself and your funds.