Cryptocurrency
Crypto Wallets Linked to CoinStats Exploiter Move $1 Million in Ether to Tornado Cash
Wednesday. July 10 at 9:30 PM
1 min. readWallets associated with the CoinStats exploiter have transferred nearly $1 million in Ether to the cryptocurrency mixing protocol Tornado Cash. CertiK, a blockchain security firm, identified two wallets connected to the CoinStats exploit that moved 311 ETH, valued at around $959,000, to Tornado Cash. This process involves keeping transactions private by blending identifiable funds with others, commonly used by hackers to conceal their gains. Following a security breach affecting 1,590 crypto wallets in June, CoinStats suspended user activity and advised users to transfer funds using private keys. The company is now optimizing its transaction database and enhancing security measures. CoinStats CEO disclosed that the breach occurred due to an employee downloading malicious software. The firm is investigating the incident and providing support to affected users, with further updates expected soon.