{"id":83615,"date":"2024-07-08T09:45:51","date_gmt":"2024-07-08T13:45:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=83615"},"modified":"2024-07-08T09:46:04","modified_gmt":"2024-07-08T13:46:04","slug":"pancake-bunny-hacker-moves-2-9m-in-ether-after-3-years","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/pancake-bunny-hacker-moves-2-9m-in-ether-after-3-years\/","title":{"rendered":"Pancake Bunny Hacker Moves $2.9M in Ether After 3 Years"},"content":{"rendered":"\n

After three years of inactivity, stolen funds worth $2.9M ETH associated with the Pancake Bunny hack were transferred through the privacy protocol Tornado Cash<\/a>.<\/p>\n\n\n\n

\"Pancake
Pancake Bunny Hacker Moves $2.9M in Ether After 3 Years<\/figcaption><\/figure>\n\n\n\n

Pancake Bunny experienced a flash loan attack in May 2021, losing approximately 697,000 BUNNY tokens and 114,000 BNB. This event significantly impacted the value of the BUNNY token, which plummeted by 95%.<\/p>\n\n\n\n

\"Price
Price drop in BUNNY\/BNB trading pair following the initial attack:\u00a0Poocoin.app\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/em><\/figcaption><\/figure>\n\n\n\n

Following the Pancake Bunny breach<\/p>\n\n\n\n

Pancake Bunny was ultimately unable to recover the stolen funds and dissolved the protocol, resulting in the formation of a decentralized autonomous organization (DAO).<\/p>\n\n\n\n

Three years later, on July 7, a wallet address associated with the Pancake Bunny hacker transferred 1,002 Ether of stolen funds to Tornado Cash to obstruct traceability.<\/p>\n\n\n\n

\n

#CertiKInsight<\/use><\/svg><\/span><\/a> \ud83d\udea8

On Sunday the @PancakeBunnyFin<\/use><\/svg><\/span><\/a> exploiter deposited 1002 ETH (~$2.9m) into @TornadoCash<\/use><\/svg><\/span><\/a> via 0xd0f2259e0bd71e849143bbc07f4e427bb6f7756b

Bunny Finance was exploited for ~$45m in May 2021

The exploiter still holds $11.4m DAI in 0x820C\ud83d\udc47 pic.twitter.com\/Jcc18Q1NIY<\/use><\/svg><\/span><\/a><\/p>— CertiK Alert (@CertiKAlert) July 8, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Stolen funds are currently in transit <\/h2>\n\n\n\n

Following the current market prices, the intruder took approximately $3 million in Ether. The Pancake Bunny exploiter currently possesses $11.4 million of Dai, according to CertiK.<\/p>\n\n\n\n

\"Tracking
Tracking Pancake Bunny\u2019s lost funds. Source: CertiK<\/figcaption><\/figure>\n\n\n\n

When it comes to safeguarding protocol hacks, crypto security specialists place a significant emphasis on the application of preventive measures. CertiK transferred its suite of 12 blockchain applications in Asia to a cloud computing subsidiary of the Chinese e-commerce giant Alibaba<\/a> in this endeavor.<\/p>\n\n\n\n

\"CertiK\u2019s
CertiK\u2019s existing suite of product offerings. Source: CertiK<\/em><\/figcaption><\/figure>\n\n\n\n

CertiK's co-founder, Ronghui Gu, stated:<\/p>\n\n\n\n

\n

\u201cFor over five years, we have believed in the transformative power of blockchain technology. We look forward to empowering developers with secure blockchain development and deployment through Alibaba Cloud\u2019s platform.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

The transition enables developers to anticipate significant resource requirements during peak hours and leverage Alibaba Cloud's supplementary computing, storage, and distribution resources.<\/p>\n","protected":false},"excerpt":{"rendered":"

After three years of inactivity, stolen funds worth $2.9M ETH associated with the Pancake Bunny hack were transferred through the privacy protocol Tornado Cash. Pancake Bunny experienced a flash loan attack in May 2021, losing approximately 697,000 BUNNY tokens and 114,000 BNB. This event significantly impacted the value of the BUNNY token, which plummeted by […]<\/p>\n","protected":false},"author":12,"featured_media":83622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11476],"tags":[1496,20388,10782],"class_list":["post-83615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hacks-and-scams","tag-hack","tag-pancake-bunny","tag-tornado-cash-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/image-39.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83615","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=83615"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/83615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/83622"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=83615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=83615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=83615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}