Mixin Network Hack: $3.85 Million in Ethereum Laundered via Tornado Cash

In a significant development, wallets associated with the $200 million hack of Mixin from 2023 have come back to life after almost two years of inactivity. Recent transactions indicate that approximately $3.85 million worth of Ethereum has been transferred to the privacy-focused coin mixer, Tornado Cash.

The movement of these funds raises concerns about the ongoing efforts to launder stolen cryptocurrency, as hackers continue to exploit decentralized platforms. Mixin, a decentralized network known for its cross-chain operations, was targeted in a high-profile exploit that left a substantial mark on the cryptocurrency landscape.

With the recent activity in these wallets, the investigation into the Mixin hack is likely to gain new traction, as authorities and analysts closely monitor the flow of funds through mixers like Tornado Cash, which is often used to obfuscate the origins of cryptocurrency transactions.