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🚨 Hackers have started money laundering! Funds from the Polkadot cross-chain bridge attack have flowed into a mixing protocol
On-chain monitoring shows that the hacker address that previously attacked the Polkadot cross-chain bridge Hyperbridge has transferred all stolen funds, approximately $269k (valued in ETH), into the privacy protocol Tornado Cash for mixing.
In simple terms, this step means:
The hackers are trying to "clean" the source of the funds, making on-chain tracking more difficult.
📊 In crypto attack incidents, the flow of funds usually follows a typical path:
1️⃣ Attack contract acquires assets
2️⃣ Multiple transfers disperse the funds
3️⃣ Ultimately, the funds enter a mixing protocol to obscure transaction trails
And Tornado Cash is one of the commonly used anonymity tools by hackers because it can disrupt transaction records, making the source of funds hard to trace.
💡 This incident also serves as a reminder to the entire industry:
While cross-chain bridges enhance liquidity between different blockchains, they also become prime targets for hackers.
The more complex the technology, the greater the security challenges.
🌱 Here's a piece of investment insight for everyone:
In the crypto world,
What truly determines how far a project can go is not just technology and narrative, but security and trust.
Markets will fluctuate, but once trust is lost, rebuilding often takes much longer.
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