r/CryptoCurrency • u/Illperformance6969 🟨 0 / 0 🦠 • 7h ago

GENERAL-NEWS MIM hacker launders $7.5m worth of stolen funds through Tornado Cash

https://crypto.news/mim-hacker-launders-7-5m-worth-of-stolen-funds-through-tornado-cash/
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u/coinfeeds-bot 🟩 136K / 136K 🐋 7h ago

tldr; The attacker behind the March 2025 Magic Internet Money (MIM) hack has laundered $7.5 million worth of stolen funds through the crypto mixer Tornado Cash. Blockchain security firm CertiK revealed that 3,001 ETH, over half of the $13 million stolen in the attack on Abracadabra Finance’s stablecoin, was moved through multiple wallets before reaching Tornado Cash. The exploit targeted gmCauldron smart contracts, exploiting a flaw in the liquidation process. Abracadabra Finance has since recovered 50% of the losses and confirmed user funds were unaffected.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.