Krutika Adani
The Penpie hacker has reportedly sent $9.66 million worth of Ethereum to Torando Cash in an attempt to launder the funds.
Tornado Cash, a crypto mixer, erases the links between the funds and their receiver, therefore erasing any evidence that connects a hacker to the stolen funds,
Though Tornado Cash has been banned across several countries, yet, it can be accessed from the banned locations using tech like an Onion Router.
A couple of days ago, the WazirX hacker was also spotted using Tornado Cash to launder $6.5 million worth of stolen funds.
Tornado Cash mixes sources of crypto in a way that leaves no direct link between a sender and the receiver. This helps them erase the links between the hackers and the stolen funds or wallets.