All
Contribute!
BlockchainCrypto MarketCryptocurrency

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

CoinSurges
By CoinSurges

Share This Post

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.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin’s Next Move: A Final Leg Up or Just the Beginning? Analyst Weighs In

Bitcoin is showing signs of a gradual recovery following its earlier pullback After dipping below the $100,000 mark, the cryptocurrency has regained ground, currently trading above $102,000 This

Memecoin ETF proposals raise eyebrows in serious investment circles

The ETF Store president Nate Geraci believes that memecoins would take “questionable investments packaged into exchange-traded funds (ETFs)” to an entirely new level In a Financial Times

Symbiotic Deploys Feature-Complete Restaking Protocol on Ethereum

The restaking protocol Symbiotic has launched a permissionless, feature-complete shared security protocol on Ethereum Mainnet, enabling blockchain networks to restake assets with full slashing

South Dakota and Kentucky lawmakers to propose Bitcoin reserve legislation

Lawmakers in Kentucky and South Dakota are preparing to introduce legislation to establish a Bitcoin (BTC) reserve in the next few weeks, according to statements made on Jan 28 South Dakota

$100M in Shorts Suggest Solana (SOL) May Not Cross $235: Report

The post $100M in Shorts Suggest Solana (SOL) May Not Cross $235: Report appeared first on Coinpedia Fintech News Amid the ongoing market decline, Solana (SOL) is gaining attention from crypto

Bitwise Enters The Fray: Officially Files S-1 Form For A Dogecoin ETF With US SEC

Asset manager and crypto exchange-traded fund (ETF) issuer Bitwise Invest has officially filed an S-1 form with the US Securities and Exchange Commission (SEC) for a Dogecoin ETF  This filing, made
Previous article
Weekly Crypto Roundup: Trump, SEC Shakeups, and, Bitcoin’s Big Moves
Next article
Brazilian Oil Giant Petrobras to Enter Bitcoin Mining with Innovative Plan!

Categories:

Hot right now:

Company:

Follow on:

Crypto Coin Live Stats

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.



You have not selected any currencies to display