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Hacker in $100 Million Crypto Heist Moves Loot to Cover Tracks

June 27, 2022, 12:27 PM

A hacker who looted about $100 million from the Harmony blockchain started moving the stolen funds to a service that helps users mask transactions.

Some 18,000 Ether tokens the hacker stole from Harmony’s Horizon bridge -- worth around $22 million at the current market price -- were moved through a series of Ethereum wallets on Monday, according to security firm PeckShield. About 4,600 Ether were moved to Tornado Cash from one of the wallets as of 1:22 p.m. in London, Etherscan data shows.

Tornado Cash is designed to preserve privacy on the Ethereum blockchain. Its technology breaks the link between ...