- Nomad Bridge exploiter buys 16,892 $ETH
- Spent 39.75M $DAI on the purchase
- Depositing $ETH to Tornado.Cash
- Nomad Bridge exploited for ~$200M in 2022
Market Exploitation and Recovery
Lookonchain reported, The hacker spent 39.75 million $DAI to purchase 16,892 $ETH, taking advantage of the recent market drop to buy at a lower price. This transaction occurred just an hour ago
The Nomad Bridge, a crucial link for crypto transactions, faced a severe breach on August 2, 2022, where approximately $200 million was stolen. The recent activity by the exploiter indicates a strategic financial maneuver, possibly aiming to leverage the acquired assets before any market corrections.
From Hack to Tornado.Cash
After acquiring the $ETH, the hacker has started depositing the funds into Tornado.Cash, a decentralized, non-custodial privacy solution for Ethereum transactions. This move raises alarms as Tornado.Cash is often used to obfuscate the origins of transactions, making it harder for authorities and analysts to trace the flow of stolen assets.
