Hacker Transfers 17,800 ETH to TornadoCash Following Poloniex Attack

Bittime -In a series of events that rocked the crypto world, hackers involved in the attack on crypto exchange Poloniex have transferred a large amount of Ethereum (ETH) to the privacy protocol TornadoCash. 

Based on monitoring by Pidun, the hacker managed to send a total of 17,800 ETH worth around US$53.5 million or the equivalent of Rp. 861.35 T.

Poloniex Attack and ETH Transfer

Sumber: https://twitter.com/PeckShieldAlert/

Last November, Poloniex experienced an attack which resulted in hackers successfully accessing user funds. In this attack, hackers stole large amounts of Ether from Poloniex user accounts. 

After successfully gaining access to the funds, the hacker then moved most of the funds to the TornadoCash address.

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TornadoCash: Privacy Protocol for Ether

TornadoCash is a privacy protocol that allows users to conduct Ether transactions anonymously. By using zk-SNARKs technology , TornadoCash ensures that transactions made cannot be traced back to the sending or receiving address. 

This provides a high level of privacy for crypto users who want to protect their identity.

Crypto Community Reaction

This massive transfer has caught the attention of the crypto community worldwide. Some community members criticized Poloniex for the security of their platform, while others questioned the effectiveness of privacy protocols such as TornadoCash .

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How to Buy Bitcoin (BTC) on Bittime

You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Bitcoin (BTC) on Bittime. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.