- Three hackers deposited 17,800 ETH worth $42.7 million into Tornado Cash this week.
- These hackers have exploited the Penpie platform, Wazir X, and Bo Shen.
- Penpie’s hacker hunt offers up to 10% of recovered funds as a bounty.
Three different hackers responsible for the exploit of crypto assets worth millions of dollars from crypto exchange WazirX, DeFi protocol Penpie, and Founder of Fenbushi Capital Bo Shen are using Tornado Cash to move part of the stolen funds. According to data from Lookonchain, the three hackers have deposited 17,800 Ethereum (ETH) worth $42.7 million into the platform this week.
Hackers move stolen funds
Penpie, a decentralized finance (DeFi) protocol built on Pendle, was hacked on Tuesday, resulting in the theft of 11,113.6 ETH worth $27.34 million. On Thursday, Penpie exploiter deposited 9,600 ETH valued at $23 million to a crypto mixer platform, Tornado Cash.
Tornado Cash mixes cryptocurrency funds that could be recognized or tainted with other funds to obscure the path to the fund’s original source.
At the same time, the WazirX exploiter also deposited 7,200 ETH worth $17.3 million to Tornado Cash out of the $230 million in user assets stolen from the Indian crypto exchange.
Moreover, the hacker who stole $42 million from Bo Shen, the founder of Fenbushi Capital, in November 2022 also deposited 1,000 ETH worth $2.4 million to Torando Cash on Wednesday, according to Lookonchain.
3 Hackers deposited 17,800 $ETH($42.7M) into https://t.co/11PfRBP2j2 in the past 3 days!#Penpiexyz Exploiter deposited 9,600 $ETH($23M) to https://t.co/11PfRBP2j2.#WazirX Exploiter deposited 7,200 $ETH($17.3M) to https://t.co/11PfRBP2j2.
— Lookonchain (@lookonchain) September 6, 2024
The hacker who stole $42M from… pic.twitter.com/4RK63VfrCL
Penpie announced on Friday a bounty of up to 10% of the recovered funds on its Twitter handle for any individual or group that provides credible information that leads to identifying the exploiter and recovering the stolen funds.
Following the recent Penpie hack, we are announcing a bounty of up to 10% of recovered funds for any individual or group that provides credible information leading to the identification of the exploiter and recovery of the stolen funds.
— Penpie (@Penpiexyz_io) September 6, 2024
Details:https://t.co/fTeoklL86I
By… pic.twitter.com/NkXgtztTaF
Amid the current moves of stolen funds, another hacker who stole $197 million in funds from Euler Finance in March 2023 but later returned them, has sent a message to the Penpie hacker.
“Good job, bro. I didn’t see a hack like this for a while. I’m happy you kept all the money and didn’t let these bastards get back one dollar of what you took. You won; they lost. Good job”
The #EulerFinance Exploiter sent #Penpiexyz Exploiter a "Good job" message!#EulerFinance Exploiter stole $197M in March 2023 and returned it.
— Lookonchain (@lookonchain) September 6, 2024
But #Penpiexyz Exploiter did not return the $27.3M they stole and deposited it into https://t.co/11PfRBP2j2.https://t.co/DSnWr3FngK pic.twitter.com/goZq7JzBax
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
SEC Crypto Task Force plans to establish digital asset regulatory sandbox
The Securities & Exchange Commission's (SEC) Crypto Task Force met with El Salvador's National Commission on Digital Assets (CNAD) representatives to discuss cross-border regulation and a proposed cross-border sandbox project.
DeFi Dev Corp buys additional 65,305 SOL amid broader institutional interest: Solana price slides below $150
Solana (SOL) price faces growing overhead pressure and slides below $150 to trade at $148 at the time of writing on Thursday. The sudden pullback follows the crypto market's edging higher on improving investor sentiment, which saw SOL climb to $154 on Wednesday.
Uniswap Price Forecast: UNI whale moves 9 million tokens to Coinbase Prime
Uniswap (UNI) price hovers around $5.92 at the time of writing on Thursday, having rallied 12.8% so far this week. According to Wu Blockchain, data shows that the address potentially related to the Uniswap team, investor, or advisor transferred 9 million UNI to the Coinbase Prime Deposit on Thursday.
Tron DAO announces $70B USDT supply: Here's how TRX price could react
TRON’s USDT circulation just surpassed $70 billion, signaling rising network utility as TRX price approaches a technically significant breakout. On Wednesday, TRON DAO confirmed that the circulating supply of Tether (USDT) on its blockchain has surpassed $70 billion.
Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs
Bitcoin price consolidates above $84,000 on Friday, a short-term support that has gained significance this week. The world's largest cryptocurrency by market capitalization continued to weather storms caused by US President Donald Trump's incessant trade war with China after pausing reciprocal tariffs for 90 days on April 9 for other countries.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.