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Suspicious Transfer of Ethereum Funds to Tornado Cash

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It is reported that according to CertiK monitoring, the EOA account address (0x29488) transferred 10 ETHs to Tornado Cash. The EOA address is related to the ph…

Suspicious Transfer of Ethereum Funds to Tornado Cash

It is reported that according to CertiK monitoring, the EOA account address (0x29488) transferred 10 ETHs to Tornado Cash. The EOA address is related to the phishing addresses on multiple Etherscan. In the past 24 hours, the wallet has transferred a total of 50 ETHs (about US $78100).

EOA account address (0x29488) transferred 10 ETHs to Tornado Cash

Interpretation of the news:


It has come to light through CertiK monitoring that a certain EOA account address (0x29488) has transferred 10 ETHs to Tornado Cash, a popular privacy-focused Ethereum mixing service. This may seem like a normal transaction at first but upon further investigation, it was discovered that this EOA address is linked to multiple phishing addresses on the Etherscan platform.

In other words, the entity behind this EOA address is not a legitimate user but a cybercriminal who has been associated with fraudulent activities in the past. It is unclear what the motives behind the transfer to Tornado Cash are, but it is highly likely that the funds are being obscured in order to cover up illicit activities.

Furthermore, it was discovered that in the past 24 hours, the same wallet has transferred a total of 50 ETHs which is equivalent to approximately US $78100. This is a significant amount of money and its transfer to Tornado Cash raises more red flags. Tornado Cash is known to be a popular mixer for low-quality coins used in illicit transactions. Therefore, there is a high likelihood that this transfer was made in order to conceal the illicit origins of the funds.

CertiK is a blockchain security provider that offers skills and services such as smart contract auditing, network security, and vulnerability assessments. They have an automated smart contract verification platform that employs formal verification methods to check for any bugs, loopholes or exploits in the code.

This news is a clear demonstration of the importance of blockchain monitoring and security. It is also another reminder of the increasing sophistication and creativity of cybercriminals who are always looking for ways to exploit and profit from the decentralized nature of cryptocurrencies.

In conclusion, this discovery should serve as a warning to cryptocurrency users to be vigilant and cautious when conducting transactions. It is important to carefully research all potential transactions and applications before committing any funds. Moreover, it is imperative to put measures in place that will ensure the safety and security of digital assets at all times.

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