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Home»ADOPTION NEWS»Prisma hacker-linked wallet moves funds to Tornado Cash after $11 million heist
ADOPTION NEWS

Prisma hacker-linked wallet moves funds to Tornado Cash after $11 million heist

By Crypto FlexsMarch 29, 20242 Mins Read
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Prisma hacker-linked wallet moves funds to Tornado Cash after  million heist
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Posted 1 minute ago In ~

Updated: March 29, 2024, 6:43 AM EDT

According to security firm PeckShield, a wallet linked to the hackers behind Prisma Finance’s $11.6 million exploit transferred 18.40 ETH ($6.5 million) to cryptocurrency mixer Tornado Cash over several transactions.

$2.7 million In the ether, they were all routed to Tornado. $3.8 million In another case, PeckShield pointed out:

Cryptomixers are used to obfuscate the origin of cryptographic tokens frequently used by rogue cyber actors in North Korea.

The attack on Prisma Finance occurred yesterday, resulting in the theft of assets held on the protocol, including mkUSD and wrapped stETH.

Prisma Finance also Confirmed They discovered an exploit against X and announced that the Prisma protocol has been suspended to protect remaining funds. It claimed that the mkUSD stablecoin is overcollateralized and not at risk.

The DeFi protocol shared a post-mortem analysis of the exploit on X and said it would work to recover the stolen funds.

According to Immunefi’s latest report, in the first quarter of 2024, the cryptocurrency industry lost a whopping $336 million due to hacks and fraud.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.

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