- Poloniex lost over $100 million in Ether due to a compromised private key.
- The hacker transferred approximately 17,800 ETH ($53.5 million) to Tornado Cash.
- Poloniex has been unable to recover the stolen funds.
About 17.8K ($53.5 million) ETH associated with the November 2023 Poloniex hack has been traced to Tornado Cash, a decentralized cryptocurrency tumbler. PeckShieldAlert disclosed this development via an X post: “The Poloniex hacker has already sent a total of 17.8K $ETH (worth $53.5 million) to TornadoCash.”
Recall that wallets owned by the cryptocurrency exchange Poloniex experienced a malicious attack on November 10, 2023. This action resulted in the exchange losing over $100 million worth of Ether.
Soon after, Poloniex asserted that it had found the hacker and offered a $10 million reward for the stolen funds. However, the efforts proved fruitless, as the funds were not returned to the exchange. CertiK, a blockchain security firm, suggested that the hack stemmed from a “private key compromise.”
Meanwhile, Poloniex reacted to the incident by temporarily turning off affected wallets. Poloniex’s efforts to retrieve the stolen funds have proved…
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