The perpetrator behind a major cyberattack on stablecoin-focused digital bank Infini has laundered 3,000 ETH using the controversial Tornado Cash mixing service.
The hacker utilized the Ethereum address 0x7142…fa41 to obscure the trail of the stolen funds via Tornado Cash. As part of this activity, 1,770 ETH was converted into approximately 5.9 million DAI.
This money laundering activity relates directly to a devastating security breach suffered by Infini earlier this year. The attack resulted in total losses estimated at $49.5 million.