Euler Labs Hackers Transfer 1000 ETH to Tornado Cash
According to reports, according to PeckShield data, Euler Labs hackers have transferred 1000 ETH to the mixer Tornado Cash. It is reported that this transaction was processed through the intermediate address “0xc66d… c9a”.
Euler Hacker Transferred 1000 ETH to Tornado Cash
Analysis based on this information:
According to recent reports, Euler Labs hackers have transferred 1000 ETH to the mixer Tornado Cash. The transaction data was collected and analyzed by PeckShield, a security company that specializes in blockchain security. The transfer was processed through an intermediate address that is identified as “0xc66d…c9a”.
This latest incident highlights the ongoing threat of hackers when it comes to cryptocurrency. Hackers continue to target exchanges, wallets, and other cryptocurrency platforms in attempts to steal digital assets. This particular transfer involved a sophisticated hacking group known as Euler Labs, which has a history of targeting decentralized exchanges.
The hackers’ decision to transfer the stolen ETH to Tornado Cash also demonstrates the increased adoption of decentralized mixers that aim to anonymize transactions. Tornado Cash is a popular Ethereum mixer that enables users to send and receive Ether anonymously by mixing the funds with others in a decentralized manner. This makes it nearly impossible to trace transactions or identify users. The use of mixers like Tornado Cash has raised concerns about money laundering and illicit activities but has also led to debates about the right to privacy.
As the cryptocurrency ecosystem continues to evolve, so do the tactics of hackers. Platforms need to take proactive measures to safeguard their systems against such threats. Advancements in blockchain security also play a significant role in mitigating these risks.
In conclusion, the transfer of 1000 ETH from Euler Labs to Tornado Cash is yet another indicator of the ongoing challenge of securing cryptocurrencies against the growing threat of hacking. As the industry continues to mature, it’s essential to adopt best practices that ensure the security of all transactions. The use of decentralized mixers like Tornado Cash continues to be a contentious issue, but it is also a valid method of preserving privacy. Ultimately, the responsibility falls on individuals and organizations to safeguard their digital assets and contribute to a secure and transparent cryptocurrency ecosystem.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/6775/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What does the term “mining machine hashrate” mean (mining hashrate machine)?
What does the term \”mining machine hashrate\” mean? According to official source
-
Cryptocurrency Prospects Strengthened Amidst US Banking Industry Turmoil
According to reports, Coinbase stated in a report that after the recent turmoil in the US banking industry, the medium to long-term prospects of the cryptocurrency market have been
-
2023 Hong Kong Web3 Carnival Showcases Ant Chain’s Innovations in Web3 Security
On April 15th, it was announced that the 2023 Hong Kong Web3 Carnival was held for four consecutive days at the Hong Kong Convention and Exhibition Center. On April 15th, Ant Chain
-
The Impact of Stable Currency Decline on Cryptocurrency Liquidity
On February 14, Morgan Stanley strategist Sheena Shah wrote in a report that the decline in the market value of stable currency means that the liquidity and le…
-
A-share closing: Shenzhen Blockchain 50 Index up 2.12%
According to the news, the A-share market closed at 3327.18 points, with the Shanghai Composite Index rising 0.41%, the Shenzhen Composite Index closing at 11883.51 points, with a
-
Kraken Says No: Crypto Exchange Refuses IRS Request for Clients’ Identities
On April 27th, it was reported that in response to seeking court approval to confirm the identity of Kraken\’s encrypted clients on the crypto exchange in February, Kraken has appli
-
Musk’s New AI Startup to Compete with OpenAI
According to reports, Musk is planning to launch a new artificial intelligence startup to compete with ChatGPT manufacturer OpenAI. Sources have revealed that Musk is currently for
-
Cryptocurrency Promotion Rules to Come into Effect in Belgium
On March 21, the Belgian financial market regulator, the Financial Services and Markets Authority (FSMA), will implement a new set of cryptocurrency promotion rules within its juri
-
Whale Alert Report Reveals Significant USDT Transfer to Bitlinex
According to the report, Whale Alert data showed that 62000000 USDT was transferred from unknown wallet to Bitlinex.
62000000 USDT transferred from unk…
-
Government Support for Silicon Valley Bank and Signature Signals Return to Liquidity Provision
On March 13, Nic Carter, founder of Castle Island Ventures, a digital asset company, said that the government’s willingness to provide support for the Silicon Valley Bank and Signature meant that it had returned to the mode of providing liquidity rather than tightening, and the loose monetary policy had proved to be the “gospel” of cryptocurrency and other speculative asset classes in history, but this instability once again showed the vulnerability of the stable currency, Unusual financial conditions may cause them to fall below their fixed value. It is reported that Signature and Silvergate are the two main cooperative banks of encryption companies, and nearly half of American venture capital backed startups deposit cash in Silicon Valley banks, including crypto-friendly venture capital funds and some digital asset companies. Viewpoint: The failure of three banks, including Silicon Valley Bank, may limit the liquidity of the encryption industry Analysis based on this information:In a statement made on March 13, 2020, Nic Carter,…
-
Alpha Launch of the New ENS App Empowers ERC1155 Tokens with NameWrapper
On April 18th, it was reported that the Ethereum domain name service ENS has launched a new ENS app on the main network and supports NameWrapper (sub domain wrapper). Currently, th
-
Blockchain Companies Increase Support for Python Network on Solana
On March 29, according to an official statement, seven blockchain infrastructure companies, including Evertake, P2P, Syndica, Segment, Triton, Coinbase Cloud, and Blockdaemon, have
-
Decentralized Exchange Trading Volume Sets New Record
According to reports, Defi Llama data shows that on March 11th, with the anchor of the USDC, the single day trading volume of the Decentralized Exchange (DEX) hit a high of about $25 billion. Previously, DEX’s single day trading peak ($24.3 billion) occurred in May 2021, when the BTC price was approximately $65000 and the ETH price was approximately $4400. DEX trading volume hit a high of about $25 billion on the day of USDC’s anchor release Analysis based on this information:Keyword: Defi Llama, USDC, Decentralized Exchange The latest market report reveals that the daily trading volume of Decentralized Exchanges (DEXs) across the board hit $25 billion on March 11th. Defi Llama data indicates that the uptick was anchored by the stablecoin USDC. This milestone marked a significant increase in DEX trading volume compared to the previous peak of $24.3 billion, set in May 2021 at a time when Bitcoin and Ethereum prices soared to extraordinary heights of $65,000 and…
-
Insider: Hong Kong regulatory authorities have deployed the implementation of CBDC to banks in Hong Kong
On April 18th, sources reported that Hong Kong is intensifying its efforts to develop its own central bank digital currency e-HKD this year. Regulatory authorities have deployed th
-
Probabilities for Interest Rate Change by the US Federal Reserve
According to CME’s “Federal Reserve observation”, the probability of the Federal Reserve keeping interest rates unchanged in March is 32.1%, the probability of raising interest rates by 25 basis points to the range of 4.75% – 5.00% is 67.9%, and the probability of raising interest rates by 50 basis points to the range of 5.00% – 5.25% has dropped to 0%; The probability of a cumulative interest rate increase of 50 basis points by May is 55.2%, the probability of a cumulative interest rate increase of 75 basis points to 5.25% – 5.50% is 24.2%, and the probability of a cumulative interest rate increase of 100 basis points to 5.50% – 5.75% is 0%. The probability that the Federal Reserve will keep the interest rate unchanged in March is 32.1% Analysis based on this information:According to the CME’s “Federal Reserve observation,” the likelihood of the US Federal Reserve Reserve’s interest rate actions in March and May, reveals insights about the…
-
Snapshot Voting Page Shows Chainlink Community Ambassador Opposes AIP-1.05
On April 10th, the snapshot voting page showed that Chainlink Community Ambassador ChainLinkGod-eth voted against AIP-1.05, a proposal by the Arbitrum community to \”return the rema