{"id":39631,"date":"2022-11-07T08:27:38","date_gmt":"2022-11-07T12:27:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=39631"},"modified":"2022-11-07T08:27:42","modified_gmt":"2022-11-07T12:27:42","slug":"deribit-attack-hackers-move-stolen-ether-via-tornado-cash-mixer","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/deribit-attack-hackers-move-stolen-ether-via-tornado-cash-mixer\/","title":{"rendered":"Deribit Attack: Hackers move stolen Ether via Tornado Cash mixer"},"content":{"rendered":"\n
Following the $28 million Deribit hack, an unidentified hacker has transferred 1,610 ETH (worth over $2.5 million) to Tornado Cash, a decentralized cryptocurrency mixer<\/a>.<\/h5>\n\n\n\n
\"Deribit
Deribit Attack: Hackers move stolen Ether via Tornado Cash mixer<\/figcaption><\/figure>\n\n\n\n

According to information from the Ethereum block explorer Etherscan, the Deribit hot wallet hacker \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>sent 1,610 Ether, or almost $2.5 million, to Tornado Cash.<\/p>\n\n\n\n

The money moved over the course of 17 transactions, with the first one taking place on November 5\u2014just a few days after Deribit was hacked.<\/p>\n\n\n\n

Only a small portion of the stolen ETH on the hacker's account has been transferred to Tornado Cash, which now has a balance of 7,501 ETH ($11.8 million). On November 2, the hacker transmitted 9,080 ETH to the address for the first time.<\/p>\n\n\n\n

On November 5, the blockchain analytics<\/a> tool PeckShield published a report on the departing Tornado Cash transactions. At the moment, a little under $350,000 was taken out of the hacker's ETH wallet.<\/p>\n\n\n\n

Deribit formally disclosed that on Nov. 2, a hot wallet hack on its network resulted in the loss of $28 million in several cryptocurrencies, including Bitcoin BTC, ETH, and USD Coin USDC.<\/p>\n\n\n\n

Deribit Hack<\/h2>\n\n\n\n

Following the attack, the exchange had to cease all withdrawals in order to ensure sufficient security while making a commitment to pay for all losses.<\/p>\n\n\n\n

On Nov. 2, the company began routine withdrawals for BTC, ETH, and USDC after transferring all hot wallets to the Fireblocks platform for digital asset protection. <\/p>\n\n\n\n

Deribit emphasized that consumers should use the new Fireblocks deposit addresses rather than sending money to their old BTC, ETH, and USDC addresses.<\/p>\n\n\n\n

The news comes amid lingering ambiguity around Tornado Cash and other cryptocurrency mixers following restrictions imposed by US regulators on the mixer. <\/p>\n\n\n\n

In August 2022, the U.S. Department of the Treasury's Office of Foreign Assets Control <\/a>blacklisted Tornado Cash, making it unlawful for citizens, residents, and businesses to receive or send money through the service.<\/p>\n\n\n\n

Asserting that the sanctioning of Tornado Cash was “unusual and unlawful,” the cryptocurrency advocacy group Coin Center filed a lawsuit in October against OFAC, Treasury Secretary Janet Yellen, and OFAC Director Andrea Gacki.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the $28 million Deribit hack, an unidentified hacker has transferred 1,610 ETH (worth over $2.5 million) to Tornado Cash, a decentralized cryptocurrency mixer. According to information from the Ethereum block explorer Etherscan, the Deribit hot wallet hacker sent 1,610 Ether, or almost $2.5 million, to Tornado Cash. The money moved over the course of […]<\/p>\n","protected":false},"author":12,"featured_media":39633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11476],"tags":[12077,128,937,10782],"class_list":["post-39631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hacks-and-scams","tag-deribit","tag-ethereum","tag-hackers","tag-tornado-cash-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/11\/image-25.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/39631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=39631"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/39631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/39633"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=39631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=39631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=39631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}