UPDATED: Mar 29, 2024 6:43am EDT
Wallets linked to the hackers behind the $11.6 million Prisma Finance exploit transferred 1,840 ETH ($6.5 million) to crypto mixer Tornado Cash in multiple transactions, according to security firm PeckShield.
$2.7 million in ether was routed to Tornado in one batch and $3.8 million in another, PeckShield noted.
Crypto mixers are used to obscure the origins of crypto tokens, often used by illicit cyber actors from North Korea.
The attack on Prisma Finance took place yesterday, with assets in the protocol including mkUSD and wrapped sETH stolen.
Prisma Finance too confirmed the exploit on X and announced that the Prisma Protocol has been suspended to safeguard the remaining funds. It claimed that its mkUSD stablecoin was over-collateralized and not at risk.
The DeFi protocol said on X that it would share a post-mortem on the exploit and make efforts to recover the stolen funds.
According to Immunefi’s latest report, the crypto industry lost a whopping $336 million to hacks and scams in the first quarter of 2024.
About the author
Danny Park is an East Asian reporter at The Block who writes about topics such as Web3 developments and crypto regulations in the region. He was formerly a reporter at Forkast.News, where he actively covered the demise of Terra-Luna and FTX. Based in Seoul, Danny has previously written and produced video content for media companies in Korea, Hong Kong and China. He holds a bachelor’s degree in journalism and business marketing from the University of Hong Kong.
