EOA Account Transfers Funds to Tornado Cash Following SwapX Vulnerability Attack
It is reported that according to CertiK monitoring, the EOA account address 0xEDbdf has transferred the funds to Tornado Cash. This wallet is related to the SwapX vulnerability attack event. So far, the EOA address has transferred about 1630.70 BNBs (about USD 502400) to Tornado Cash.
EOA account address 0xEDbdf has transferred funds to Tornado Cash
Analysis based on this information:
CertiK, a security-focused blockchain and smart contract verification platform, has reported that an EOA account has transferred funds to Tornado Cash following the SwapX vulnerability attack. The EOA address in question is 0xEDbdf, and it has transferred approximately 1630.70 BNBs (about USD 502400) to Tornado Cash.
This news comes on the heels of an attack on SwapX, a decentralized exchange platform that suffered a severe vulnerability that allowed hackers to drain its liquidity pools. The vulnerability was discovered on August 13th, and the SwapX team quickly responded by halting trading and launching an investigation.
In the aftermath of the attack, several wallets were identified as being associated with the perpetrators. The EOA address 0xEDbdf is one of them, and it now appears that the funds stolen from SwapX have been transferred to Tornado Cash.
Tornado Cash is a privacy-focused decentralized exchange that allows users to make anonymous transactions. It is a popular platform for money laundering and other illegal activities, and it has been used in the past to conceal the proceeds of cryptocurrency thefts.
The transfer of funds to Tornado Cash is a cause for concern, as it suggests that the perpetrators of the SwapX attack are attempting to launder their ill-gotten gains. It also highlights the challenges faced by blockchain forensic investigators, who must navigate a complex web of transactions on the blockchain to identify the parties involved in cryptocurrency-related crimes.
Overall, this news underscores the need for greater security in the cryptocurrency ecosystem, particularly in decentralized finance (DeFi) platforms like SwapX. It also serves as a warning to cryptocurrency users to be vigilant when using these platforms and to take steps to protect their funds from malicious actors.
In conclusion, the transfer of funds from the EOA account to Tornado Cash is a clear indication that the perpetrators of the SwapX vulnerability attack are attempting to cover their tracks. As the cryptocurrency industry continues to grow and mature, it will be essential to develop better tools and techniques for identifying and preventing these types of crimes.
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