After two years, the AnubisDAO exploiter moved stolen funds.
The infamous decentralized finance (DeFi) project, AnubisDAO, witnessed its stolen funds vanish via Tornado Cash almost two years after a jaw-dropping $60 million Ether (ETH) rug pull.
During the crypto-crazed on October 2021, AnubisDAO collected 13,556 ETH from investors, largely influenced by the pre-existing Dogecoin (DOGE) mania. However, a mere 20 hours post the investment, the capital was redirected to a separate address, instantly stealing funds from the unsuspecting investors.
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Fast forward two years later, on July 15th and 16th, the ill-gotten assets were stealthily moved through a sanctioned crypto mixer Tornado Cash. For the transaction of funds, the exploiter split the stolen 13,556 ETH into 100 ETH transactions.
Malicious actors often use Tornado Cash to hide the traces of the stolen funds. At the beginning of the year, the hacker behind the decentralized finance (DeFi) protocol Raydium exploit moved a large amount of crypto to sanctioned crypto mixer Tornado Cash. On top of that, hackers also used Tornado Cash to wash funds from the Euler Finance hack.
On July 16th, the blockchain investigator PeckShield used Twitter to flag the move of funds, which once were worth around $60 million.
The AnubisDAO incident is a stark reminder of the inherent risks associated with cryptocurrency investments, underlining the importance of due diligence and cautious investment strategies.
