On March 23rd, the Axie Infinity play-to-earn gaming platform, Ronin network, suffered an unprecedented attack that led to the loss of over $625 million in USDC and Ethereum ., tagged as Ronin Bridge Exploiter on Etherscan, revealed the continuous movement of Ether to different addresses. The transaction history showed that twenty transfers were made to the same Tornado wallet, each of which sent over 100 ETH.
Tornado Cash, which provides transaction privacy by breaking the on-chain link between source and destination addresses, has once again come under fire for aiding many exploiters to conceal their addresses while withdrawing fraudulently gained funds.“Sensitive topic but curious on how people think: What % of funds would have to be from known exploits/hacks/scams for you to stop using Tornado?”the state-sponsored North Korean hacking group from using its mixing service.