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$29M SUI Hack: Funds Moved to Ethereum and Tornado Cash

CoinSurges
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SUI Price Smashed a New ATH—Can the Bulls Escalate the Levels Beyond $10 as $5 Remains Activate for 2024

The post $29M SUI Hack: Funds Moved to Ethereum and Tornado Cash appeared first on Coinpedia Fintech News

On December 12, 2024, hackers stole $29 million worth of SUI tokens from a victim’s wallet, as reported by blockchain investigator ZachXBT. The stolen tokens were quickly moved to Ethereum using a bridge and then sent to Tornado Cash, a platform often used to hide transaction details. This made it very hard to trace the funds. Tracking the theft has become even more difficult due to the limited features of the Sui blockchain’s explorer. The incident has raised serious concerns about the safety of crypto wallets and the challenges of following stolen funds in decentralized systems.

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