The post $2.3M USDT Hacked and Laundered via Tornado Cash appeared first on Coinpedia Fintech News

Two crypto wallets lost a total of $2.3 million in USDT in a rapid on-chain theft. The attacker swiftly swapped the stolen stablecoins for 757.6 ETH and funneled the funds through privacy mixer Tornado Cash within minutes, making tracking extremely difficult. The swift laundering move underlines how fast criminals can exploit DeFi tools to hide funds and again exposes how fragile wallet security and transaction monitoring can be in today’s crypto markets.