Hacks and scams are increasingly common in the crypto space. The recent $100 million hack that hit Harmony caused excessive commotion in the market. The protocol’s Horizon bridge was compromised and several altcoins were stolen. While the platform offered a $1 million bounty to anyone who shared information related to the exploit, the hacker clearly ignored it. The attacker proceeded to move the stolen money.
PeckShield took to Twitter and revealed that the exploiters had started laundering the stolen money. It was noted that the hackers carried out three transactions in a series of tweets. This transaction was sent from the address involved in the previous hack.
These funds were further invested in Tornado Cash. A staggering 18,036 ETH worth nearly $21 million was taken from the Harmony hacker’s wallet. As can be seen in the tweets above, the funds were then split into three other portfolios.
Tornado Cash is a name that crops up during hacks and attacks like this one. This platform allows users to disable a link in on-chain activity to spice up privacy during transactions. That’s why a series of hackers flock to Tornado Cash to cash in stolen money.
The platform garnered significant responses. Several people in the community called Tornado Cash a perfect tool for thieves. However, a few others suggested that Harmony should have contacted Tornado Cash to have the address blocked. However, the decentralized mechanism Tornado Cash is working on would make it nearly impossible for the platform to block accounts.
Harmony is working with the FBI
Immediately after the attack, the Harmony Protocol confirmed that it would ask national authorities for help. Now recognizing the movement of stolen funds, Harmony saidâ€
In addition, Harmony revealed that it was still on board with a conversation with the hacker. However, since the hacker is already transferring money, it is unlikely that the hacker will be communicated with.
“We will share as much as possible without compromising the efforts of those working alongside our incident response team. We are still willing to talk to the hacker, but will continue the full investigation until the solution or the return of the stolen money.”