Unizen

Hamster Kombat

DeFi

Tornado Cash

Tornado

An exploiter-labeled address linked to the decentralized finance (DeFi) protocol Unizen hack has transferred 865.4 Ether, worth approximately $2.16 million, to Tornado Cash.
Blockchain security firm PeckShield flagged the exploiter’s transfer to the mixing service on Aug. 7, revealing the first movement of the stolen funds since March 8.
Around the time of the hack, Unizen announced that users who lost $750,000 or less would be reimbursed, with refunds beginning March 11.
Cointelegraph contacted Unizen for comment on the situation but did not receive a response before publication.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/2fcfa2af-c6e3-49b0-94eb-c4c457e952d3.png" alt="Unizen hacker transfers $2.1M stolen funds to Tornado Cash" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/PeckShieldAlert/status/1821065531073724876" target="_blank" rel="noopener nofollow">PeckShieldAlert</a>
 </figcaption>
</figure>
<h2 data-ct-non-breakable="true" id="funds-moved-to-tornado-cash">Funds moved to Tornado Cash</h2>
On Aug. 7, stolen funds, including the Maker Protocol stablecoin Dai (<a href="https://cointelegraph.com/dai-price-index">DAI</a>)&nbsp;began to leave the exploiter wallet for the first time since the Unizen hack 151 days ago.
Related: <a href="https://cointelegraph.com/news/unizen-hack-immediate-refund">DeFi protocol Unizen to provide ‘immediate reimbursement’ after $2.1M hack</a>
At 4:12 am UTC, 500,000 DAI was <a href="https://etherscan.io/tx/0x41be6235253fd1170c80b242e3e52f4bee4201cfbffc5c99ee804fcd90f9ee26" target="_blank" rel="noopener nofollow">sent</a> out, followed by a further outflow of 1,679,859 DAI, <a href="https://etherscan.io/tx/0x8ef607645ecdfe9477a0feebd69eb02ec322eec0722074d9a1d9e972af8754f6" target="_blank" rel="noopener nofollow">bound</a> for an unknown wallet (0x8660…84d7).
From 4:14 am, the exploiter <a href="https://etherscan.io/tx/0xfbe82dba6befb0c65f62cd22922a1e2dc99fbbfac372c122c3e51e1d220ded8d" target="_blank" rel="noopener nofollow">began</a> converting the 2,179,859 DAI into 863.67 Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>). Following that, the exploited started&nbsp;<a href="https://etherscan.io/tx/0x670f2ca17f8237754f1b5f136121c35d95bb01814a70c5e281c172defc8dbb08" target="_blank" rel="noopener nofollow">sending</a> out the ETH from 5:35 am to Tornado Cash via 26 separate transactions.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/b3943fde-438f-4c85-9029-77dfca470474.png" alt="Unizen hacker transfers $2.1M stolen funds to Tornado Cash" title="">
 <figcaption style="text-align: center;">
 Funds being shifted to Tornado Cash by the exploiter. Source: Etherscan
 </figcaption>
</figure>
Related: <a href="https://cointelegraph.com/news/dao-maker-victims-still-await-reimbursement-3-years-after-hack">DAO Maker hack victims still await reimbursement 3 years later</a>
<h2 data-ct-non-breakable="true" id="stolen-funds-reimbursement">Stolen funds reimbursement</h2>
On March 11, Unizen announced that the firm’s CEO, Sean Noga, had loaded funds to the company to facilitate refunding lost funds back to <a href="https://cointelegraph.com/news/unizen-hack-immediate-refund">victims of the $2.16 million hack</a>.
The announcement explained that returned funds would be in Tether (<a href="https://cointelegraph.com/tether-price-index">USDT</a>) or USD Coin (<a href="https://cointelegraph.com/usdc-price-index">USDC</a>).
For users who lost more than $750,000 during the hack, the DeFi protocol explained that it would handle those victims on a case-to-case basis.
Related: <a href="https://cointelegraph.com/news/old-dolomite-exchange-contract-suffers-1-8-million-loss-from-approval-exploit">Old Dolomite exchange contract suffers $1.8M loss from approval exploit</a>
<h2 data-ct-non-breakable="true" id="post-hack-security-measures">Post-hack security measures</h2>
Following the exploit in March, Unizen’s chief technology officer, Martin Granström, stated on X that the firm was collaborating with third-party security firms and law enforcement to identify the hacker.
Granström announced that the firm would share an incident report and invest more in security in the future.
Magazine: <a href="https://cointelegraph.com/magazine/clicker-games-airdrop-speculation-web3-games-hamster-kombat-review-cointelegraph-magazine/">Clicker games to fade post-airdrop, Is Hamster Kombat any good? Web3 Gamer</a>

Unizen hacker transfers $2.1M stolen funds to Tornado Cash

Table of Contents

Cointelegraph

Other articles published on Aug 7, 2024

Mark Cuban Joins Crypto Democrats To Attend Crypto4Harris Town Hall

Binance Hit With $87 Million Tax Bill in India

Crypto Politics: Is Tim Walz the Right Choice for Crypto in Harris’s Campaign?

TRON Records Notable Market Losses

Binance CEO Reports Huge Net Inflow in Past 24 Hours

John Lennon's Son Comments on Big Factor That Crashed Bitcoin

Join our free newsletter for daily crypto updates!