In a recent development, the hacker behind the $4.3 million theft from Remilia DAO in March has laundered the stolen assets through Tornado Cash, a cryptocurrency mixer.
On June 17, blockchain analysis firm CertiK reported that 1,209.5 Ether, valued at approximately $4.3 million, was funneled into Tornado Cash. CertiK traced these funds back to several addresses linked to the Remilia hack that occurred on March 16.
Remilia DAO is known for managing the Milady Maker non-fungible token (NFT) collection.
Hacker Liquidates Milady NFTs
Three months after the Remilia hack, the stolen crypto assets were moved to the mixing service. On March 16, Krishna Okhandiar, also known as Charlotte Fang, the founder of Remilia and Milady, reported the hack. Substantial amounts of ETH and NFTs were transferred to a wallet, which subsequently liquidated the assets.
The incident was first brought to light by a Twitter account named Dumpster DAO, which shared a screenshot of the Remilia founder’s report on the hack. The account also posted the address that received the assets from Remilia-related wallets.
Blockchain data revealed that this address sold NFTs linked to Milady, including staked NFTx assets, and transferred $1 million in ETH to another address.
Summary Review: The movement of stolen assets through Tornado Cash highlights the ongoing challenges in tracking and recovering stolen crypto. The Remilia hack underscores the importance of enhanced security measures for DAOs and NFT projects to protect against such exploits in the future.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
