Bunny

Tornado Cash

Pancake Bunny

Tornado

Nomad

<p>The post <a href="https://coinpedia.org/news/eth-crashes-20-hackers-buy-big-with-stolen-funds-are-you-at-risk/">ETH Crashes 20%! Hackers Buy Big with Stolen Funds – Are You at Risk?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>On August 5, as the <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">price of ETH</a> dropped more than 20%, hackers jumped on the chance to buy the dip with stolen crypto. Let’s dive into this wild story where cybercriminals turn market chaos into their profit.</p> 
<h2 class="wp-block-heading" id="h-pancake-bunny-hackers-strike-again">Pancake Bunny Hackers Strike Again</h2> 
<p>Blockchain security firm <a href="https://x.com/PeckShieldAlert/status/1820354961655652429" target="_blank" rel="noreferrer noopener nofollow">PeckShield</a> revealed a shocker. The hackers from the 2021 Pancake Bunny hack are back. They bought 2.922K ETH with a huge 7.8M DAI. These guys stole $46 million back in 2021, crashing the BUNNY token price. Now, they’re at it again, using their stolen loot.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw">#PeckShieldAlert</a> <a href="https://twitter.com/hashtag/NomadBridge?src=hash&amp;ref_src=twsrc%5Etfw">#NomadBridge</a> Exploiter-labeled address has transferred 39.75M <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DAI</a> &amp; 17.75 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> to an intermediary address 0x663a…f448<br>The <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DAI</a> was swapped for 16.89K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, &amp; 2.4K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> (worth ~ $7M) was transferred to <a href="https://twitter.com/hashtag/Tornadocash?src=hash&amp;ref_src=twsrc%5Etfw">#Tornadocash</a>. <a href="https://t.co/cPFOpE9tSF">pic.twitter.com/cPFOpE9tSF</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1820354961655652429?ref_src=twsrc%5Etfw">August 5, 2024</a>
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<h2 class="wp-block-heading" id="h-nomad-bridge-hackers-make-big-moves">Nomad Bridge Hackers Make Big Moves</h2> 
<p>The story gets juicier! The hackers behind the $200 million Nomad Bridge hack (Aug 2022)are also buying ETH. Lookonchain reported they bought 16,892 ETH for 39.75 million DAI. They quickly moved this ETH through Tornado Cash, in chunks of 100 ETH, hiding their tracks.</p> 
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   <p lang="en" dir="ltr">Hackers bought <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> at the bottom after the market dropped!<br><br>The <a href="https://twitter.com/hashtag/Nomad?src=hash&amp;ref_src=twsrc%5Etfw">#Nomad</a> Bridge Exploiter spent 39.75M <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DAI</a> to buy 16,892 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> an hour ago and is depositing <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> to <a href="https://t.co/11PfRBP2j2">https://t.co/11PfRBP2j2</a>.<a href="https://t.co/8pwhTFSnLw">https://t.co/8pwhTFSnLw</a><br><br>Crypto bridge <a href="https://twitter.com/hashtag/Nomad?src=hash&amp;ref_src=twsrc%5Etfw">#Nomad</a> was exploited for ~$200M on Aug 2, 2022.… <a href="https://t.co/9id6bxBR14">pic.twitter.com/9id6bxBR14</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1820332406911672320?ref_src=twsrc%5Etfw">August 5, 2024</a>
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<h2 class="wp-block-heading" id="h-tornado-cash-hackers-favorite-tool">Tornado Cash: Hackers’ Favorite Tool</h2> 
<p>Tornado Cash is becoming the hackers’ favorite tool. It makes tracing funds really hard for authorities. The Pancake Bunny hacker recently moved 1,002 Ether to this crypto mixer, showing how tricky it is to catch these guys.</p> 
<h2 class="wp-block-heading" id="h-what-s-up-with-the-stolen-funds">What’s Up with the Stolen Funds?</h2> 
<p>The Pancake Bunny hacker’s wallet still has $11.4 million in DAI. One of the Nomad Bridge hacker’s wallets holds over 14,500 Ethereum, worth more than $33 million. These are not just numbers; they show how bold and smart these hackers are.</p> 
<h2 class="wp-block-heading" id="h-market-reaction-eth-s-big-drop">Market Reaction: ETH’s Big Drop</h2> 
<p>Ether’s recent price fall is its biggest in 2024, causing over $300 Million in liquidations in 24 hours. Analysts say the cryptocurrency has broken key support levels, meaning the price might drop more. This market chaos gave the hackers a chance to buy Ethereum cheap.</p> 
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  <img decoding="async" width="558" height="350" src="https://image.coinpedia.org/wp-content/uploads/2024/08/06013921/eth-data-from-coinglass-1.png" alt="" class="wp-image-335012" style="width: 100%;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/06013921/eth-data-from-coinglass-1.png 558w, https://image.coinpedia.org/wp-content/uploads/2024/08/06013921/eth-data-from-coinglass-1-300x188.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/06013921/eth-data-from-coinglass-1-320x200.png 320w, https://image.coinpedia.org/wp-content/uploads/2024/08/06013921/eth-data-from-coinglass-1-150x94.png 150w" sizes="(max-width: 558px) 100vw, 558px">
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<h2 class="wp-block-heading" id="h-what-happens-next">What Happens Next?</h2> 
<p>As ETH’s price keeps falling, everyone is watching closely. Will the authorities catch these hackers, or will they stay ahead? One thing’s for sure: the crypto world is always exciting and unpredictable.</p> 
<p><strong>Also Read : <a href="https://coinpedia.org/news/from-49k-to-54-6k-in-an-hour-bitcoin-etf-saves-the-day/" target="_blank" rel="noreferrer noopener">From $49K to $54.6K in an Hour: Bitcoin ETF Saves The Day!</a></strong></p>

ETH Crashes 20%! Hackers Buy Big with Stolen Funds – Are You at Risk?

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