Wasabi Attackers Transfer $5.9 Million to Tornado Cash, Suspected of Repeating North Korean Money Laundering Pathways

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On May 5, on-chain analyst Specter revealed that the attackers of the Wasabi protocol have transferred all stolen funds into Tornado Cash, amounting to approximately $5.9 million. The analysis also pointed out that funds suspected to be linked to North Korean hackers (including Kelp DAO and LayerZero incidents) have employed similar pathways for money laundering operations. The typical process includes: routing funds through the Wasabi mixer → withdrawing and cross-chain transferring back to Ethereum → entering Tornado Cash → dispersing to new addresses → creating new tokens and cashing out through liquidity operations → then cross-chain transferring to USDT on TRON → ultimately flowing into over-the-counter trading-related wallets. This model is considered one of the typical pathways for high-level on-chain money laundering, combining mixing, cross-chain, and liquidity operations to obscure the source of funds.

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