Poloniex hacker launders $3.4 million via Tornado Cash mixer

The hacker responsible for last year's Poloniex hack transferred 1,100 ETH ($3.4 million) to the sanctioned Tornado Cash mixer.

The hacker responsible for last year’s Poloniex hack has transferred 1,100 ETH, valued at around $3.4 million, to the U.S.-sanctioned cryptocurrency mixer Tornado Cash in an attempt to launder the stolen funds, according to on-chain data from security firm PeckShield.

This attack is widely considered to be the work of the North Korean Lazarus Group, a notorious state-sponsored hacking organization that has previously executed high-profile attacks, including a $600 million hack on the Ronin sidechain. Poloniex has been a centralized exchange since its establishment in 2014 and was acquired by Tron founder Justin Sun in 2019.

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