CertiK Flags Nearly $1M Transfer to Tornado Cash from CoinStats Exploit

Wallets linked to the CoinStats exploiter recently moved almost $1 million in Ether into the controversial crypto mixing protocol Tornado Cash. The latest development comes less than a week after the leading crypt tracker said that investigations are underway. Blockchain security firm CertiK flagged that two wallets associated with the CoinStats exploit in June transferred 311 ETH, valued at approximately $959,000, to Tornado Cash. One wallet moved 211 ETH, while the other transferred 100 ETH to the crypto mixer. Despite facing legal challenges and significant crackdowns, Tornado Cash continues to be widely used for laundering stolen funds.

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