Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash

Posted on by American Coins & Gold

Crypto.com’s Stolen Ether Being Laundered Via Tornado Cash
The $15 million in ether (4,600 ETH) stolen from Singapore-based Crypto.com is currently being laundered via Tornado Cash, an Ethereum Mixer, according to on-chain data.Tornado Cash is a ETH mixer protocol that promises to improve transaction privacy by obscuring the on-chain link between the source and recipient of ether.The protocol launched in early 2020.On-chain data first spotted by security consultancy Peck Shield suggests that the 4,600 ether is being sent through the mixer in batches of 100 ether.While some say that mixer protocols, or cryptocurrency tumblers, are used to protect the privacy of activists or other politically exposed individuals, they…