After almost two years, funds from the $50 million Uranium Finance hack were on the move.
On March 7th, cybersecurity firms CertiK and PeckShield alerted the public about the funds from the Uranium finance hack being on the move.
According to the tweets shared by both firms, the funds were transferred to a sanctioned crypto mixer Tornado Cash.
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It is believed that the hacker moved around 2,250 Ethereum (ETH), worth approximately $3.3 million.
It is worth noting that Etherscan data revealed that the hackers made several transactions of 1 to 100 Ether.
On top of that, data shows that funds were moved from only one wallet connected to the Uranium finance hacker. Another wallet related to the malicious actor hasn't been active for 159 days after it was used to send 5 ETH to Aztec, a layer 2 privacy-focused network on Ethereum.
At the end of April 2021, the Uranium Finance protocol was exploited through coding vulnerability, which allowed malicious actors to steal funds during a token migration event to the V2.1 protocol. In its last tweet on April 30th, 2021, the protocol urged customers to withdraw funds from its liquidity pools.
While nothing has ever been confirmed, some people have alleged that the attack was an inside job. However, reports on the project have since gone cold; no one has ever been held accountable for the security flaw.
It is not the first time hackers moved funds in 2023. In January, a Wormhole hacker transferred around $155 million worth of ETH. On top of that, in February, the malicious actor moved another $46 million worth of crypto assets. It is worth noting that the Wormhole attack was one of the biggest in 2022, resulting in over $321 million stolen from the bridge.
