The post Bunny Finance Attackers Launder 1,500 ETH Through TornadoCash: A Deep Dive into the Aftermath appeared on BitcoinEthereumNews.com.

According to COINOTAG, recent monitoring by Paidun revealed that on October 21, the Bunny Finance attackers successfully laundered approximately 1,500 ETH, equivalent to around $4 million, utilizing TornadoCash in a span of just 48 hours. This alarming incident echoes the major breach on February 11, 2022, when Bunny Finance faced a devastating loss of nearly $80 million following an attack on the Qubit protocol. As a result of this exploit, the Mound team reportedly lost about $10 million of their operational capital, compelling them to disband due to the lack of sustainability in their projects. Consequently, the governance of the Bunny and Qubit protocols has transitioned to a Decentralized Autonomous Organization (DAO), empowering the community with the authority to implement contract upgrades, modify fee structures, and manage future developments. Source: https://en.coinotag.com/breakingnews/bunny-finance-attackers-launder-1500-eth-through-tornadocash-a-deep-dive-into-the-aftermath/

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Filed under: News - @ October 21, 2024 2:17 am