Hacker Launders Over $19M in ETH from Multisig Breach: PeckShield

A hacker has successfully laundered over $19 million in ETH via Tornado Cash following a multisig wallet breach, as reported by PeckShield.

A cybercriminal has reportedly laundered upwards of $19 million in Ethereum through Tornado Cash, after exploiting a multisignature wallet. This incident, which began in December, highlights ongoing vulnerabilities within the crypto space.

According to findings from PeckShield, the hack of the multisig wallet has resulted in a significant amount of ETH being funneled through the popular mixing service. The laundering serves as a stark reminder of the risks associated with decentralized finance and the necessity for robust security protocols.